How Renters Benefitted From the Housing Crisis
The mortgage-industry collapse led to a dramatic increase in single-family rental housing. What happens when buyers want these houses back?
Source: www.citylab.com
Supply of affordable multifamily housing doesn’t match demand
What modest income households needs and what’s on the market is out of sync. The MBA warns to mind the gap. Here’s the latest low-down.
Source: www.housingwire.com
Feb. ’15 Market Trends Report: Feeling Stronger Every Month
The table above shows the 12 submarkets with the strongest annual effective rent growth in February 2015 (out of submarkets with 1,000 or more apartment units). The submarket with the highest annual effective rent growth in February 2015 was North Alameda, a submarket of Oakland.
The Oakland MSA had the highest annual effective rent growth among Axiometrics’ top 50 markets based on inventory in February 2015 – and for most of the past year – so perhaps it seems appropriate that two of Oakland’s submarkets are on the top of the list. Fort Myers, a submarket of Cape Coral, FL, had the third strongest submarket rent growth rate in February, and the MSA had the highest effective rent growth out of all the markets – primary, secondary and tertiary – tracked by Axiometrics.
Interesting to note that eight(!) of Denver’s submarkets are on the top 12 list – 75% of the table. Denver has 25 submarkets, and most of those on the list above are relatively centrally located, although the two centermost submarkets, Denver-Central and Denver-Downtown, did not make the list.
The Denver MSA also did well overall, catapulting to second place among the top 50 markets in February 2015. A lot of new apartment supply has been delivered to the Denver Metropilitan Statistical Area (MSA) in the past few years, whereas Oakland has not yet reached its long-term supply average. Still, both MSAs are holding strong
Source: mail.google.com
The U.S. housing market
The U.S. housing market has struggled to find equilibrium after the bubble of the past decade. Here’s a look at where various gauges of supply and demand stand today.
Source: graphics.wsj.com
5.2 Million Renters Plan to Buy in the Next Year
Jackie Bigness and her family are finally ready to buy a home. After years of renting, plus 8 months of living with her parents while they saved for a down payment, Bigness and her husband are house-hunting in earnest — and in the snow. “Because we have such an early start here in Chicago, we’ve been trudging through the snow — and what’s out there in our price range is insulting,” Bigness says. She hopes the listings will improve as home-selling season ramps up. The Bignesses are at the front
Source: www.zillow.com
Property Investors Set to Benefit as Global Capital Flows East to West in 2015 – Urban Land Magazine
The movement of capital from East to West is likely to remain the major influence on real estate markets in 2015, according to Global Emerging Trends in Real Estate® 2015, a summary report of all three Emerging Trends in Real Estate reports reflecting global real estate investor sentiment, published jointly by PwC and the Urban Land Institute.
Source: urbanland.uli.org