Category: multifamily
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Stocks’ recent win streak
Last week stocks made their longest weekly gain since February with the Dow closing above 40,000, a fresh new record, and the S&P 500 hitting 5,300. Strong first quarter earnings and early signs that inflation is cooling have sent stocks…
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When you build “luxury” new apartments in big numbers, the influx of supply puts downward pressure on rents at all price points — even in the lowest-priced Class C rentals.
“In Florida — which continues to make itself a supply magnet with strong demand + the boost from the new Live Local legislation — three markets (Fort Myers, Sarasota, Daytona Beach) are seeing Class C rent cuts around 10-12%. “…
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In 2024, Multifamily completions are outpacing new starts at the largest levels since 1975.
This research and article comes from Jay Parsons, Rental Housing Economist (Apartments, SFR), Speaker and Author. <— Click on link to see other articles and research from Jay. So far here in 2024, U.S. multifamily completions are outpacing new starts…
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Tampa Retail Real Estate Market Report
Article via Bounat.com – Click Here for complete story and others similar to it. The commercial real estate brokers at Bounat work diligently to compile a comprehensive list of the top commercial real estate activity in the Florida region on…
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Home sales drop
via Titan Funds Home sales for previously owned homes dropped 4.3% in March, and sales were 3.7% lower year over year. Although inventory improved significantly during the month, less people are buying homes due to increasing mortgage rates. All-cash purchases…
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Norway has all the cheddah.
written by William Coulman, David Crowther via sherwood news.com Norway’s nest egg The value of Norway’s sovereign wealth fund rose 6.3% last quarter, adding a whopping $110 billion to the country’s stockpile despite technically falling just shy of its target benchmark return. What started as the Norwegian government’s rainy…
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Affordable housing proposed for Lakewood Ranch area
If approved, the 66-unit rental townhome project will be located on Lorraine Road next to Savanna at Lakewood Ranch. Development is nothing new to the Lakewood Ranch area, but a development that includes affordable housing units is now on the…
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The sobering message from the Fed: Interest rate cuts aren’t coming soon
A string of discouraging inflation reports since the start of the year keeps pushing the timeline back By Rachel Siegel April 16, 2024 at 2:19 p.m. EDT Federal Reserve officials signaled a more sober tone this week, emphasizing that they’re in…
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Credit card delinquencies
via Titan Invest (visit here) U.S. credit card delinquency rates were the highest on record in the fourth quarter of 2023, according to the Federal Reserve Bank of Philadelphia. 3.5% of card balances were at least 30 days late as…
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Prime Multifamily Metrics Tick Upward for First Time in Two Years
By: Paul Bubny article via Connect CRE – CLICK HERE to read full article and others Multifamily metrics including going-in cap rates, exit cap rates and unlevered IRR targets for prime assets showed slight improvement in the first quarter, the…
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