by admin | Dec 12, 2015 | Market Data
Source: www.zillow.com
Even as the majority of panelists agreed that U.S. home value growth overall should continue to slow in coming years, there’s a clear divide between the most optimistic and pessimistic experts. Additionally, the responses revealed that some experts are concerned about potential real estate bubbles in some of the nation’s hottest markets. But there is significant disagreement over the extent to which rapid home-value growth in those markets puts consumers at risk, and when.
by admin | Dec 12, 2015 | Market Data
Source: nreionline.com
Sale prices for apartment properties continued to rise along with sales volume. Cap rates, which fall as prices rise, averaged 5.8 percent in October 2015. That’s down from 6.0 percent the year before, according to RCA.
by admin | Dec 12, 2015 | Market Data
Source: www.forbes.com
According to a biennial study from the Harvard Joint Center for Housing Studies out Wednesday, underscoring the changing face of America’s renters. Over the last decade, the rise in Millennial renters has paled in comparison to the surge in older renters. Consider that the number of renters under 30 has increased by almost 1 million in the last ten years. Now compare that to the 3 million more Gen X renters and 4.3 million more renters in their 50s and 60s over the same period.
by admin | Dec 12, 2015 | Market Data
Source: saintpetersburgtimes.fl.newsmemory.com
While larger projects and area are garnering more attention, Ybor City is quietly building up an impressive list of new (re)developments. In addition to several multifamily projects and hotels, an historic building at 1901 15th St. N in Ybor City is the future home of the Attic, a bar, brewery and concert venue. The opening date is slated for spring 2016.
by admin | Dec 12, 2015 | Market Data
Source: www.yourobserver.com
The Rosemary District continues its streak of bring one of the hottest submarkets on the gulf coast of Florida with the announcement of a 76 key hotel slated to break ground in 2016.
by admin | Dec 1, 2015 | Market Data
Here’s what to expect for the Channel district’s newest development, and why the developer isn’t concerned about a potential oversupply of apartments.
Source: www.bizjournals.com
Developers finally going to break ground on new Channel District apartment project called Channel Club. The mixed-use project will include the district’s first grocery store, a 37,600-square-foot Publix. The 21-story, 323 unit project will be located on the corner of East Twiggs Street and Meridian Avenue and will break ground in February 2016.
