NEWS
The Hottest Real-Estate Play Is in Your Neighborhood
The Wall Street Journal (July, 2023)
Strip malls are hot.
With investor anxiety rising about types of commercial property from shiny office buildings to self-storage facilities, the low-slung structures are a rare bright spot. Retailers want to stay close to where customers are spending more time these days: their homes. The leased occupancy rate at strip center real-estate investment trusts stood at 95.3% as of the first quarter, a level last reached about eight years ago, according to real-estate advisory firm Green Street. Physical occupancy was 92.4%, right around where it was prepandemic.
9 Best Property Management Companies of 2023
Money (December, 2022)
Best for Residential Properties: BH Management Services
If you’re renting single-family homes or any other form of residential real estate, BH Management Services is the way to go. The company owns a network of apartment buildings and has been providing property management services for well over two decades.
BH Management Services’ specialty in residential real estate makes the company the perfect option if you have a network of homes or apartments to rent out. Moreover, the pricing is reasonable, so you won’t have to give up too much of your returns.
Where the housing market is going in 2022 as told by 7 leading forecast models
Fortune (November, 2021)
A perfect storm. That's the best way to describe the red-hot housing market we've seen from coast-to-coast during the pandemic. It was spurred by a combination of recession-induced low mortgage rates, remote work allowing buyers to sprawl further away from their workplace, and a demographic wave of first-time millennial homebuyers entering into the market. Of course, years of under-building means there simply aren't enough homes available to meet this demand. Cue record price growth.
2021 Multifamily
Investment Outlook
Marcus & Millichap (December, 2020)
Duration: 1h 6m
Has the Apartment Market Changed Forever?
The Health Crisis has structurally changed life in America and many facets of the multifamily investment market. But will the changes continue once a medical solution stems the life-or-death risks of the pandemic? Will things return to normal or has the definition of normal been rewritten?
Mastercard: In-store spending tops online in January; total sales up to 8.8%
CSA The Business of Retail (February, 2023)
Consumers continued to spend in January even amid inflation and an uncertain economic environment.
U.S. retail sales (excluding automotive) rose 8.8% year-over-year in January, according to Mastercard SpendingPulse, which reports on national retail sales across all payment types.
In-store sales were up 8.9% year-over-year and e-commerce sales increased 8.4%.
Housing Affordability Hits 33-Year Low
New York Real Estate News (August, 2022)
To see the last time housing affordability was this low, you would have to go back to the early days of the George Bush administration — the first one.
Housing affordability hit its lowest point since 1989 in June, the Wall Street Journal reported. That’s according to an index kept by the National Association of Realtors, which considers income, mortgage rates and sale prices of existing homes.
U.S. Housing Market Needs 5.5 Million More Units, Says New Report
The Wall Street Journal (June, 2021)
Construction of new housing in the past 20 years fell 5.5 million units short of long-term historical levels, according to a new National Association of Realtors report, which is calling for a “once-in-a-generation” policy response.
The industry lobbying group said it hopes the report, which was released Wednesday, persuades lawmakers to include housing investments in any infrastructure package.
Performance Across Retail Center Types Reveals Winners and Losers
Costar (January, 2023)
With several prominent exceptions, shopping malls continue to lose value. Meanwhile, leasing at neighborhood, community and strip centers has returned to pre-pandemic levels and lowered the average vacancy in those types of centers to 10-year lows.
In the early days of the pandemic, social distancing and store closures took a significant toll on many retailers, leading to a record 160 million square feet of announced retail space closures in 2020. This had an outsized impact on the mall sector, while smaller shopping center types showed resiliency.
US Needs 4.3 Million More Apartments by 2035 as Loss of Affordable Units Grows, Industry Groups Say
CoStar (July, 2022)
Apartment developers have to build 4.3 million units across the country over the next dozen years to meet demand, industry groups estimate, with about 40% of that construction needed in California, Florida and Texas.
Those three states will require 1.5 million new units by 2035, according to a study released Wednesday from two multifamily advocacy organizations. The expected number of U.S. units needed to meet demand includes an estimated deficit of 600,000 units because of underbuilding in the aftermath of the Great Recession, as well as a decrease in affordable rentals.
What the World’s Most Successful Real Estate Investor Is Buying
Bloomberg (June, 2021)
Blackstone Group Inc. President Jon Gray has some advice for investors looking to make sense of the wild real estate market in the U.S: Don’t fear a bust anytime soon.
Home prices have surged the most since 2005, cheap mortgages are encouraging buyers toward new homes, and building costs are spiking because of rising prices for raw materials. At the same time, a worker shortage means new construction is failing to keep up with soaring demand.