Luxury Apartments Galore: At What Cost?
Too many high-end units are creating an affordability crisis among renters. And a huge opportunity for owner–operators.
Source: www.multifamilyexecutive.com
SW Florida apartment complex sector stays strong
The Southwest Florida apartment complex sector remains strong with high occupancy rates and rent increases
Source: www.news-press.com
New Luxury Rental Projects Add to Rent Squeeze
A shift in focus by developers from moderately priced to luxury apartments in markets across the U.S. partly explains why apartment rents are climbing at a rapid pace.
Source: www.wsj.com
Strong Dollar Makes U.S. Real Estate Less Attractive to Foreigners
Many deals in regions that have long counted on foreign buyers are no longer as attractive for those paying in rubles, euros or Canadian dollars.
Source: www.wsj.com
Where HOA Fees Make Renting Cheaper Than Buying a Home
Homeownership remains cheaper than renting in all 100 largest U.S. metro areas. In fact, buying is 35% cheaper than renting now, compared with 33% cheaper one year ago. Paradoxically, home price growth nationally has outpaced rents over the past year. So what gives? Two things. First, the 30-year fixed-rate mortgage rate has fallen from …
Source: www.trulia.com
Survey: More Millennials Renting, But Just As Many Want To Own
whether they’re in downtowns, close-in neighborhoods or suburbs — definitions of which can vary greatly. Christopher Leinberger, a nonresident senior fellow at the Brookings Institution, said 13% of millennials living in downtowns is a much higher rate than for previous generations.
Source: blogs.wsj.com