Friday, December 13, 2019

Yardi: Multifamily Housing Wraps 2019 with 3.1% YOY Rent Growth in November via Multifamily Executive

The average U.S. multifamily rent fell $3 to $1,473 in November, according to the latest National Multifamily Report by Yardi Matrix. Year-over-rent growth fell by 20 basis points, down to 3.1% for the month.

National rent growth has held at 3% or above since spring 2018, demonstrating the strength and consistency of multifamily demand, according to Yardi. More than 320,000 new multifamily units have been absorbed so far in 2019, marking the sixth straight year with at least 250,000 new multifamily units absorbed. Seattle, Denver, and Dallas have had the highest multifamily absorption, followed by Houston, Austin, Texas, and Washington, D.C.

Read more...Yardi: Multifamily Housing Wraps 2019 with 3.1% YOY Rent Growth in November via Multifamily Executive

Thursday, December 12, 2019

ALN Monthly Market Stats December 2019 via ALN Apartment Data

ALN Data just released their November 2019 market stats on occupancy and rents for over 80 markets. In Texas, it includes DFW, Austin, Houston, San Antonio, Lubbock, Amarillo, Abilene, Corpus Christi and more. It is a must read from a great provider of apartment data.

Read more...ALN Monthly Market Stats December 2019 via ALN Apartment Data

Tuesday, December 10, 2019

It Will Be a Buyer’s Market for Multifamily Next Year via GlobeSt

It will be a buyers’ market for apartment investors next year, according to a recent survey from Capital One. It found that 74% of multifamily professionals expect they will primarily be buyers rather than sellers while just 19% saw themselves primarily being sellers in the year ahead. Respondents also indicated that rent control and continued legislative pushes around affordable housing would significantly alter their investment strategies.

Read more...It Will Be a Buyer’s Market for Multifamily Next Year via GlobeSt

Wednesday, December 4, 2019

Pricing Continues its Downfall into October via CPExecutive

U.S. commercial real estate prices are flat according to the Ten-X Commercial Real Estate Nowcast, as aggregate pricing held constant in October from a month ago, but declined on a year-over-year basis for a third straight month. All five major property segments were listless yet again in October, showing only minor changes from a month ago as the late-cycle plateau persists.

Read more...Pricing Continues its Downfall into October via CPExecutive