In Denver and Salt Lake City, where unemployment is low, occupancy of manufactured homes, including mobile homes, has soared by triple digits even as rent continues to rise.
Homeownership may further decline among seniors in 2018
April 16, 2018 by
Changes to the tax code under the Trump administration could prompt senior homeowners to unload property en masse — a move that could fuel construction for senior housing nationwide, according to a new report from Marcus & Millichap.
Historic South Beach apartment and hotel building changes hands
May 12, 2016 by
Tucked away in the Collins Park neighborhood of the South Beach Historic District sits Sadigo Court, a historic apartment and hotel complex. The historic boutique apartment hotel, located at 334 20th St., has been in business since 1936 and is one of t…
San Antonio named a top market for multifamily investment by HomeVestors
April 15, 2016 by
Continued job growth within San Antonio made the city the second best market for real estate investing during the first quarter of this year.
According to HomeVestors and Local Market Monitor, the market was a prime one for multifamily investors as re…
Washington, DC renters are in one of the least affordable markets
March 23, 2016 by
Of the 11 largest metros in the nation, Washington D.C. was recently cited as being the least affordable for the typical renter household.
According to a report from New York University’s Furman Center for Real Estate and Urban Policy, 23 percent of D.C. metro renters were “severely rent burdened” in 2014. The primary reason why, the metro’s median gross rent during the year reached $1,530 – also cited as the highest among the top 11 metros …
Multifamily development in DC ramping up in 2016 and into the future
January 22, 2016 by
Multifamily development in DC is expected to get a boost in 2016 and the following years, helping to ease the demand for local renters. Following a year where nearly 13,000 units were delivered, the Washington D.C. metro entered 2016 with a multifamil…
Luxury apartments in Santa Clarita change hands
January 18, 2016 by
Nineteen buildings totaling 212,905 net rentable square feet change hands, which includes luxury apartments in Santa Clarita. Institutional Property Advisors, a division of Marcus & Millichap Inc. recently announced the sale of a luxe apartment community in sunny and swanky Santa Clarita …
Houston homebuilders enter challenging times, but are still optimistic
January 5, 2016 by
Houston should remain the nation’s leading homebuilding metro in 2016 despite a slowdown in single-family home starts. Scott Davis, director of Metrostudy’s Houston region, recently dubbed 2016 as the “most challenging environment” for Houston homebuilders in the last several years, pointing to affordability as the primary issue …
An agent’s guide to market literacy 101
In 2005 and 2006, the market in just about every asset class was booming. Everyone was getting rich, and very few people saw the end of it coming. But those who took the temperature of the market knew that things were too hot — much hotter than they h…