Tuesday, September 18, 2018

The Top Countries Investing in U.S. Commercial Real Estate via National Real Estate Investor

Although some cross-border investors have taken a step back from U.S. real estate, there remains strong interest from buyers around the globe.

Canadian investors have been the most active buyers of U.S. real estate in the last 12 months, securing $19.63 billion in assets, according to a recent report from Real Capital Analytics (RCA). It's a familiar spot for the Great White North, which was also the top source of capital into the U.S. in 2017 and number two in 2016.

Read more...The Top Countries Investing in U.S. Commercial Real Estate | National Real Estate Investor

Thursday, September 13, 2018

Eleventh District Beige Book 9/12/18 via Dallas Fed

Solid expansion continued in the Eleventh District economy, although the pace eased slightly compared with the last report. Manufacturing output increased, and loan demand and retail spending accelerated. Broad-based expansion in the service sector continued. Home sales slowed, and drilling activity was flat. The ongoing drought dampened crop and grazing conditions. Employment increased, and widespread labor shortages continued to pressure wages. Price pressures stayed elevated largely due to increases in input costs. Although outlooks remained fairly optimistic, trade-related concerns have heightened uncertainty.

Read more...Eleventh District Beige Book 9/12/18 via Dallas Fed

Tuesday, September 11, 2018

Austin Economic Indicators September 2018 via Dallas Fed

Austin economic growth weakened in July. The Austin Business-Cycle Index performed well below its long-term trend. The unemployment rate dipped and job growth softened, but wages inched up. Housing permits expanded, while housing affordability declined.

Read more...Austin Economic Indicators - Dallasfed.org

Monday, September 10, 2018

Older DFW apartments are seeing the biggest run-up in rents via Dallas News

Dallas-Fort Worth renters are paying record monthly rates for apartments.

An average North Texas apartment will run you more than $1,100 a month, according to the latest data from RealPage. That's up 35 percent from 2010.

But if you want to see real rent hikes don't look to the fancy Uptown towers or those new digs up in Plano's new Legacy West. The biggest rent increases have come in older rental communities.

Read more... Older D-FW apartments are seeing the biggest run-up in rents via Dallas News

Wednesday, September 5, 2018

It's better to rent than to buy in today's housing market via CNBC

It is easily the question most asked by anyone moving into their first home or downsizing into retirement. Should I buy or should I rent? For nearly a decade the answer has been buy. The crash in home prices, combined with record-low mortgage rates made buying and owning a home both cheaper than renting one and a better investment.

Now, the tide has turned.

Fast-rising home prices and higher mortgage rates have shifted the calculation to rent.

Read more... It's better to rent than to buy in today's housing market via CNBC

Do Widespread Rent Concessions in the Apartment Sector Signal a Problem? via National Real Estate Investor

Property managers are offering more months of free apartment rent to attract new tenants in markets across the United States.

Concessions “are in every market (133) we track,” says Doug Ressler, director of business intelligence with research firm Yardi Matrix.

Apartment vacancy rates are creeping above 5.00 percent in many cities and towns as more developers offer deeper concessions at newly built projects. However, strong demand for apartments is likely to eventually fill the new units now opening and bring the apartment market back into equilibrium.

Read more...Do Widespread Rent Concessions in the Apartment Sector Signal a Problem? | National Real Estate Investor

Thursday, August 30, 2018

Job, Population Growth Bolsters Demand in Houston via Multi-Housing News Online

Recovering after the oil crisis and Hurricane Harvey, Houston’s economy is once again in full swing. While causing more damage than any other natural disaster in U.S. history except for Hurricane Katrina, Harvey has also contributed to moderating the supply imbalance of the past couple of years. After a prolonged dry spell, Houston rent growth is once again outpacing the U.S. average, having reached 3.9 percent year-over-year through June.

Read more... Job, Population Growth Bolsters Demand in Houston

Wednesday, August 29, 2018

Austin Economic Indicators August 2018 via Dallas Fed

The Austin economy continued to expand at a solid pace in June. The Austin Business-Cycle Index grew near its long-term trend. Although labor markets remained constrained, the metro posted solid employment growth. Wages continued to edge up, manufacturing activity grew moderately, and the housing market remained strong.

Read more...Austin Economic Indicators - Dallasfed.org

DFW Economic Indicators August 2018 via Dallas Fed

Economic expansion in Dallas–Fort Worth (DFW) remained broad based and swift, with the July jobs report showing the metro area growing at a 3.0 percent annualized rate—well above its long-run average. Unemployment dipped in the month, and the Dallas and Fort Worth business-cycle indexes posted above-trend growth. Home price appreciation has moderated compared with last year. Net absorption of office space rebounded in the second quarter, and activity in the industrial market continued to be robust.

Read more...Dallas-Fort Worth Economic Indicators August 2018 - Dallasfed.org

Sustainability and Profitability: How to Make a Positive Impact via Multi-Housing News

When implemented both wisely and strategically, sustainable green practices have an enormous positive impact on the bottom line for a multifamily housing property.

While the elusive task of “achieving” sustainability in an existing property may seem daunting, there are small steps owners and managers can take to create a positive social impact while keeping costs low, resident retention high and the bottom line healthy.

Read more... Sustainability and Profitability: How to Make a Positive Impact