News & Trends

This department of Rental Housing Journal is dedicating to keeping apartment owners, multifamily executives, real estate investors, landlords and other real estate professionals up to date with the latest trends in real estate, property management and more. Here you will find trends in rents, real estate sales, apartment development, the economy at large and property management and investing industry matters.

real estate market trends
Sun
16
Feb
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Dupre & Scott Video Report: WHAT HAPPENED WHILE YOU WERE ON VACATION

WHAT HAPPENED WHILE YOU WERE ON VACATION Did you get away for an early winter break in January? Well, if you did, here’s what you’ve missed already this year. Based on trends in January, 2014 is shaping up to be a very exciting year in the Puget Sound region apartment market. But first, let’s start by getting one thing off the table. I’m sure it will be hard for some of you who watched last week’s video to hit the play button today. So, no, I’m not going to sing. Not today anyway. So go ahead and watch the video without fear.

 

Sat
08
Feb
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Dupre & Scott Video Report: Lucky

 

LUCKY When we saw Daft Punk win Record of the year for “Get Lucky” at the Grammy’s last week, we were blown away by how meaningful those lyrics are to a lot of people in our region’s apartment market, especially developers, investors, professional property managers, and their on-site teams. So their record, “Get Lucky” got us thinking about some issues.

Fri
24
Jan
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Dupre & Scott Video Report: ARE APARTMENT DEVELOPERS BACKING OFF?

 

ARE APARTMENT DEVELOPERS BACKING OFF? Last year saw more new apartment units begin lease-up than we’ve seen in more than 20 years. So are developers backing off a little? Last fall we said developers planned to open 10,200 units this year and 13,400 units in 2015. We are in the middle of updating our development forecast, but let’s take a peek at how trends are emerging.

Fri
17
Jan
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Apartment Markets Soften Slightly According to NMHC Survey

WASHINGTON, D.C.— Apartment market conditions weakened a bit in January compared with three months earlier. The market tightness (41), sales volume (41) and debt financing (42) indexes were all a little below the breakeven level of 50, although the equity financing index rebounded to 50. Higher interest rates may largely explain the modest decline in both sales volume and debt financing. With considerable equity capital continuing to look for apartment opportunities, a number of respondents noted a growing divide between would-be buyers and sellers on pricing.

“Apartment markets are little changed from October,” said Mark Obrinsky, NMHC’s Senior Vice President for Research and Chief Economist. “At least half of our respondents to each of our four main questions reported conditions as unchanged from three months earlier. Although markets are a little looser than in October, this is largely seasonal; overall markets remain fairly tight.

Fri
10
Jan
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Dupre & Scott Video Report: Whether Map

WHETHER MAP Whether people move or not, and whether they move here or not are important issues for apartment developers and investors. Here is a look at current migration trends that impact housing demand, with some surprises.

Thu
19
Dec
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Vacancy Rates Hit 6 Year Low

Vacancy rates for apartments have fallen to a six year low of 4.7% in the greater Salt Lake area while rent growth has accelerated to a annually adjusted 3.9% according to the mid-year report from EquiMark multifamily investment services. The report is based on data provided by 60,000 rental units in the area.
According to the report, "the economic fundamentals in the Salt Lake Rental market continue to favor apartment owners. Strong job growth, increasing population, low unemployment and escalating single family housing prices have all teamed to create sustainable rent growth and the lowest vacancy rate (4.7%) since 2007."

Thu
19
Dec
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Vacancy Rates Hit 6 Year Low

Vacancy rates for apartments have fallen to a six year low of 4.7% in the greater Salt Lake area while rent growth has accelerated to a annually adjusted 3.9% according to the mid-year report from EquiMark multifamily investment services. The report is based on data provided by 60,000 rental units in the area.
According to the report, "the economic fundamentals in the Salt Lake Rental market continue to favor apartment owners. Strong job growth, increasing population, low unemployment and escalating single family housing prices have all teamed to create sustainable rent growth and the lowest vacancy rate (4.7%) since 2007."

Thu
19
Dec
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Gains Continue for Pierce, Kitsap and Thurston Counties

Seattle - Apartment Insights 3rd quarter results show all three counties improving for the second straight quarter, according to Tom Cain of Apartment Insights. The data are from his Seattle firm’s statistics and trends on 50+ unit properties in Pierce, Kitsap and Thurston counties.
VACANCY: 5.10%
The market vacancy for conventional, stabilized 50+ unit properties in all three counties is 5.10%, down from 5.59% last quarter. The vacancy rate was 6.74% a year ago. The vacancy rate for all properties including those in lease-up is 5.67%, down from 6.22% in the second quarter.
Pierce: 4.86%
This quarter's rate of 4.86% is virtually unchanged from last quarter. This county has made steady improvement from the 6.74% vacancy rate a year ago.
Gig Harbor has the lowest vacancy rate of any of the submarkets in Pierce County at 2.75%. The University Place, Fircrest submarket has the highest rate at 5.47% vacancy.

Thu
19
Dec
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Changes in the Apartment Housing Market

Many different variables drive the demand for apt. housing. Tenants consider location, tax policy, employment, tenant age, location of family members, availability of healthcare and education when making housing decisions.

Thu
19
Dec
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Apartment Vacancies Hit 18 Year Low as Market Tightens Across Front Range

Apartment vacancy rates across Colorado’s Front Range remained low during the third quarter, with northern Colorado’s markets reporting occupancy rates of more than 97 percent in most submarkets and Greeley hitting near an all-time low in vacancy.

According to a report released Wednesday by the Colorado Division of Housing, the vacancy rate was 2.8 percent in the Fort Collins-Loveland area and only 1.3 percent in Greeley, which was the lowest vacancy rate reported in Greeley since 1995.

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