Millennials prefer walking to driving, Realtors find, so housing in mixed-use neighborhoods with transit access has edge – Triangle Business Journal

by | Jul 28, 2015 | Market Data

Around 60 percent of Americans live in detached, single-family houses, but one in four of these individuals would rather live in an attached home in a more walkable neighborhood

Source: www.bizjournals.com

We would argue that Millennials are not the only generation that prefer walking to driving as we are seeing the same sentiment from Boomers who are sharing more desired living characteristics than ever before.  In fact, around 60 percent of Americans live in detached, single-family houses, but one in four of these individuals would rather live in an attached home in a more walkable neighborhood

Homeownership rate drops to 48-year low

by | Jul 28, 2015 | Market Data

The homeownership rate in the United States in the second quarter declined to 63.4%, the lowest it has been since 1967, according to data from the Department of Commerce’s Census Bureau.

Source: www.housingwire.com

The homeownership rate in the United States in the second quarter declined to 63.4%, the lowest it has been since 1967, according to data from the Department of Commerce’s Census Bureau.  The continued drop in homeownership rates bodes well for both apartment and single family landlords.

Single-Family Rental Market Continues to Gain Momentum

by | Jul 28, 2015 | Market Data

Single-family rentals comprise 40 percent of the rental market, nearly equal with multi-family’s share (42 percent) and more than double the 2-to-4 family share (18 percent), according to CoreLogic. Three million detached single-family homes (an increase of 32 percent) were added to the nation’s rental stock between 2006 and 2013 due to investors acquiring foreclosed homes and turning them into rentals.

Source: dsnews.com

Single-family rentals comprise 40 percent of the rental market, nearly equal with multi-family’s share (42 percent) and more than double the 2-to-4 family share (18 percent), according to CoreLogic. Three million detached single-family homes (an increase of 32 percent) were added to the nation’s rental stock between 2006 and 2013 due to investors acquiring foreclosed homes and turning them into rentals.

Tampa Tribune redevelopment to include restaurant space – Tampa Bay Business Journal

by | Jul 28, 2015 | Market Data

The Related Group is planning a mixed-use development on the Tampa Tribune’s waterfront real estate in downtown Tampa.

Source: www.bizjournals.com

The Related Group’s downtown Tampa riverfront development project is going to dramatically change the landscape along this area and will be a tremendous addition to the area.  Another quality project from a world class developer making Tampa a world class city.