Category: multifamily
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Relentless statewide homebuilding boom shows little signs of relenting
That’s a key takeaway from a new study that found even amid the COVID-19 hangover of sluggish supply chains and personnel shortages, Florida remains among the most robust homebuilding states nationwide. MSAs across the west coast of Florida are among…
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“Knowledge speaks, but wisdom listens.”- Jimi Hendrix. Apartment List National Rent Report
With a 1.3 percent increase in May, rent growth is continuing to pace ahead of pre-pandemic trends, even as it cools substantially from last summer’s peak. While the apartment market has shown some signs of easing, our 5 percent vacancy…
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The power of the US Dollar
The flood of capital into the U.S. for the safe-haven currency and to take advantage of rising interest rates could tame inflation as a stronger dollar makes for lower import prices. However, the dollar’s rise is a double-edged sword as…
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“It’s amazing that the amount of news that happens in the world every day always just exactly fits the newspaper”- Jerry Seinfeld
The once-unstoppable housing market is finally showing some cracks as it weathers high inflation and a rising rate environment. In our eyes, until the labor and housing market cool significantly, the Fed will continue its tightening monetary policy.
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Multifamily Rent Growth Across the Country Cools in Q2
According to a new report from CoStar Group, the national year over year rent growth was 9.2% in the second quarter of 2022, down from 11.4% in the first quarter
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Values way up so far in 2022 vs 2021
The information and links below are provided by Beau Beery, a Multifamily Power Broker with a Heart of Gold. The constant research and analytics that Beau does for his clients and customers keeps him on the pulse of the markets…
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‘The Fed may take June’s employment numbers as even more reason to continue a policy of rate hikes to cool down the economy.’
‘the Fed may take June’s employment numbers as even more reason to continue a policy of rate hikes to cool down the economy.’
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Multifamily 2022 Outlook
RENT – 13.7% increase in effective rent Record-low vacancy rates dissipate the need for concessions, stimulating annual rent gains for the 13th year in a row. The average rate will reach $1,876 per month in 2022, ranking Tampa third among…
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2022 1st Quarter Multifamily Recap (12 month Trailing) – Tampa/St. Petersburg/Sarasota/Bradenton/Gulf Coast
Investment Highlights • Tampa-St.Petersburg’s multifamily fundamentals are appealing to a wider range of investors, evident by recent trading activity. Transaction velocity more than doubled the previous year’s pace in 2021, resulting in the largest annual transaction total on record for…
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Mid-Week News and Economic Indicators
“A brave man acknowledges the strength of others.” – Veronica Roth
The Commercial Real Estate Alpha Site 