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Recently Published: Apartment Vacancy Rates Decline In The First Quarter Vacancy rates for all apartment buildings with 5 units or more declined to 12.1% from 12.5% in the previous quarter, according the NMHC. The national vacancy rate dropped to 7.2% from the prior quarters 8.2%. The apartment sector may well be the first to recover as the overall economy emerges from this great recession. read more... Stock Market Insights For The Housing Markets Existing-home sales was expected because of the tax credit inducement, and no doubt there will be some temporary fallback in the months immediately after it expires, but other factors also are supporting the market read more.. Case Shiller Price Observations The most recent Case Shiller report shows a slowdown and this is likely to continue and magnify, now that the tax credit is passed. That said the price bounce on many markets points to a lot of pent up demand....read more Housing: Where Are We Now With house prices expected to slid and unemployment to rise substantially further, this third foreclosure wave will grow larger. If house prices fall another 10% over the coming year,as Moody’s Economy.com currently forecasts...read more Short Sellers And The Forclosed Catch A Break Good news for people who lost their home because of financial problems, or did a short sale to avoid foreclosure. Typically, Fannie requires a five year wait period before owners can re qualify. Now you may not have to wait the typical four or five years to re-qualify Rent Vs Buy Today Marcus & Millichap just completed a study and found the gap between monthly rents and mortgage payments are at their lowest level in 20 years. Years of declining prices and mortgage rates have created a buyer's market The Case for Recovery As long as mortgage rates dont jump and employment continues to improve, we should see housing play a key role ...read more The longer term outlook for apartments remains good. The big banks are beginning to loosen up and the insurance companies have become active lenders again, but at a fraction of the earlier activity. Investment homes constituted 17 percent of all home sales in 2009 compared to 21 percent in 2008. The apartment sector is optimistic, partly because of capital provided by Fannie Mae and Freddie Mac. Its political...read more What To Consider When Hiring a Property Management Company By Chris Thorman Whether an owner has one or one hundred properties, its important to consider whether or not they are prepared to hire a property management company. Handing over the management of property is a major decision. Before making that choice, owners will want to make sure they understand the following...read more Case Shiller in Context Prices are now up almost 4 percent from the bottom in May 2009, but off 30 percent from May 2006, largely considered the peak of the housing boom. The 20-city index was off just 0.7 percent from this time last year. The smallest decline in almost three years. |
