by admin | Aug 5, 2015 | Market Data
As homeownership rates decline with rising property prices, Southwest Florida renters are facing both sticker shock and more competition for a dwindling number of apartments..
Source: www.naplesnews.com
Southwest Florida is experiencing some of the top rent growth in the nation which is exacerbated by high migration, decreased unemployment and minimal new rental development. Occupancies are nearly peaked out and this is ultimately driving higher rents.
by admin | Aug 5, 2015 | Market Data
That number of 12.7 million detached homes currently in the single-family rental market comprise about 29 percent of the demand for rentals nationwide (out of 44.3 million), according to Burns.
Burns’ report notes that the single-family rental market has been “historically a mom and pop business,” noting RentRange reported that about 54 percent of landlords who own single-family rental homes own only one home.
Source: dsnews.com
Out of the estimated 44.3 million rental units in the United States approximately 12.7 million (29%) of these units are detached homes. The single-family rental market has been “historically a mom and pop business,” as RentRange reports that about 54% of landlords who own single-family rental homes own only one home.
In 2014, approximately 25,000 detached homes were built for rent with the number expected to increase in years to come. Several builders, including American Rental Properties, Starwood Waypoint, Lennar, and Rancho Sahuarita, who have expressed plans to build more single-family detached homes either to sell to investors or manage themselves.
by admin | Aug 3, 2015 | Market Data
Quarterly conference calls between executives at leading public companies and analysts who follow their firms often contain great insights into the Tampa Bay economy and some of its leading companies.
Source: www.bizjournals.com
Quarterly conference calls between executives at leading public companies and analysts who follow their firms often contain great insights into the Tampa Bay economy and some of its leading companies.
by admin | Aug 3, 2015 | Market Data
In 2012 65 percent of the population lived in counties where it was more affordable to buy or rent, but that shrunk to 58 percent in favor of buying in 2013, and 56 percent in favor of buying in 2014 before dropping to 54 percent in favor of buying of 2015.
Source: www.realtytrac.com
Multifamily has been the darling of Tampa Bay commercial real estate for close to half a decade at this point, but five of the most recent developments to emerge could be the most meaningful of this real estate cycle.
by admin | Aug 3, 2015 | Market Data
Multifamily has been the darling of Tampa Bay commercial real estate for close to half a decade at this point, but five of the most recent developments to emerge could be the most meaningful of this real estate cycle.
Source: www.bizjournals.com
Multifamily has been the darling of Tampa Bay commercial real estate for close to half a decade at this point, but five of the most recent developments to emerge could be the most meaningful of this real estate cycle.
