by service | Feb 1, 2024 | Real Estate Trends
Apartment supply hits level not seen since 1980s. Apartment supply is at a historic level following a large delivery of completions in 2023. Supply hit a 36-year high, according to RealPage Analytics, with 440,000 units completed last year. However, completions are...
by service | Feb 1, 2024 | Real Estate Trends
Migration trends have remained relatively consistent. The South and Sun Belt continue to see an influx of migration. The recently released U-Haul Growth Index for 2023 shows Texas topped the list for the third consecutive year. Florida (second for the third straight...
by service | Feb 1, 2024 | Real Estate Trends
Adaptive reuse of office buildings continues to lead the way in residential conversions. More than 55,000 office-to-apartment units are expected to be created in 2024. This is up 10,000 units from 2023, according to new research from RentCafe. And while the level is a...
by service | Feb 1, 2024 | Real Estate Trends
The deal could enhance the Low-Income Housing Tax Credit. On January 18, 2024, the U.S. House and Senate passed a temporary extension of government funding until March to avoid a government shutdown. Additionally, Ways and Means Committee Chairman Jason Smith (R-Mo.)...
by service | Jan 12, 2024 | Real Estate Trends
UDR Sells The Arbory in City’s Upscale Hillsboro Suburb for $79 Million UDR sold a 276-unit apartment property in Hillsboro in one of Oregon’s highest-dollar multifamily transactions of 2023. NALS Apartment Homes, an multifamily investment firm based in Santa...
by service | Dec 29, 2022 | Real Estate Trends
The final jobs report of the year confirmed the strength of the labor market in the face of a cumulative 375-basis point interest rate increase. Unemployment rates remained near 50-year lows and initial claims for unemployment were at levels consistent with a tight...
