investment property: Urban Renters: Who Are They - 06/22/11 09:42 PM
Gen Y They passed boomers to become America’s largest generation, Gen-Yers, now 15 to 32 years old will dominate and define residential demand for real estate as did the Boomers before them.The Urban Land Institute commissioned an online survey to discover their preferences because this next waves needs is mandatory knowledge for owners and buyers of real property. About 4.3 million Gen Yers turned 22 in 2010 and will exceed 4.5 million in 2012 and 2013. For at least ten well over 4 million Americans will turn 22 each year, producing solid apartment demand. Whether they will hold a bias towards rentingover … (1 comments)
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investment property: Multi Famiily Rentals Improve - 12/18/10 05:25 PM
The demographics The multifamily sector is in recovery. According to Reis, net absorption in 3Q spiked, dropping the national vacancy rate from 7.8% to 7.1%, one of the largest quarterly drops on record. Rents increased for the second quarter in a row. Asking and effective rents increased by 0.5% and 0.6% respectively in the third quarter over the previous quarter.Renter demographicsWho Are TheyPeople Needing Flexibility Renting can provide more flexibility, greater convenience and lower costs than buying a home. As a result, certain households are more likely to rent than own, including young singles starting out, families relocating to a new … (2 comments)
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investment property: National Apartment Survey: Rental Property The Better Investment - 11/03/10 05:10 PM
A Recent Survey National Real Estate Investor and Marcus & Millichap 55% of all respondents to the survey believe that now is the time to buy apartments. Owners are beginning to see improvements in vacancy rates and rent rates are rising. We are coming off a low low bottom, but there is improvement. The study shows that 41% (31% in 2009) of owners responding to the survey think rent rates will improve over the next year and 70% feel that this is the time to buy.
Financing Looking up 34% believe that institutional lenders are increasing their lending volume, 28% see … (2 comments)
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investment property: FHA Reforms Shift The Game - 09/16/10 08:06 PM
The coming FHA reforms will help stabilize FHA's financial viability. FHA will be allowed to raise premiums. The cap on the maximum annual FHA insurance premium increases from 0.5% to 1.5% and for loans with high loan To Value ratios, 0.55% to 1.55%. But the real importance is how the reforms will shift liquidity to rental property. Multi Family The bill also increases FHA's multifamily loan limits for elevator buildings and buildings in high cost areas, helping lenders finance the construction and rehab of rental housing. Sales volume is up, debt and equity financing are more available and indexes for both … (1 comments)
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investment property: The Retal Sector is Looking Up - 08/11/10 08:33 PM
June vacancy rates in the largest 64 markets in the country averaged 6.6%, down from 8.2% at the end of 2009, according to MPF Research. We certainly see the increase in rental demand in 2010, and it's been a little more, frankly, than most apartment experts had anticipated," said Mark Obrinsky, chief economist for the National Multi Housing Council. This may be the brightest sector and only strong story in a dismal market. There is a real sense of confidence building in the rental sector based on a few strong factors not present in the rest of the housing … (1 comments)
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investment property: Section 8: An Owners guide - 04/11/10 05:04 PM
Section 8 housing is a HUD assistance program dedicated to subsidize housing for low income families and individuals, the elderly and the disabled. It pays a portion of the rent to owner/managers that accept section 8. Participating landlords must offer reasonable rent, as defined by the Section 8 program. If tenants choose a home with a higher rent than the programs definition of fair market value, the tenant would pay the landlord the difference themselves. Section 8 tenants can also choose a lower cost rental and pocket the difference. Eligibility1. Tenant eligibility is based on the total annual gross income … (2 comments)
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investment property: Maximizing The Rent - 03/24/10 06:25 PM
Posted Under: Market Conditions in San Francisco | March 24, 2010 3:23 PM | 23 views | No comments Maximizing The Rent Selling your property is harder know and likely to be that way for quite a while longer. If you relocate or just want to move you may find yourself a reluctant landlord. Consider the carrying costs, not just the resale value of your property when you buy. Look at the price to rent ratio. Your property is a cash flow asset. Do a rent comparison as well as a price comparison when buying and factor in the cost of … (0 comments)
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investment property: REITs: Where Are The Good Deals - 02/18/10 02:58 PM
Real-estate investment trusts sold $24 billion in new stock last year, raising to profit from commercial-property distress by picking up high-quality real estate at bargain prices. But they are having trouble finding deals. Tishman Spier, recently handed the keys back to the banks. Peter Cooper village and Stuyvesant Town comprise 56,000 units. Another 2.6 billion dollar deal was handed back to Barclays and they have no intention of putting these properties up at bargain basement prices. They are looking past the problem waiting for better days. So, REITs bought only $4.6 billion of property in 2009, a 67% decline from the … (0 comments)
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investment property: Apartment Vacancy Rate Hits Two-Decade Record - 09/02/09 03:22 PM
The economys decline leveled off significantly from April through June, confirming that the worst is behind us. GDP declined at an annualized rate of 1% in the second quarter, after shrinking an amazing 6.4 % earlier this year. But consumer spending, 70% of economic activity, continues to fall as Americans continue to save and reduce debt.
Economists express concern that our basic spending habits have been permanently altered by this great recession. This is also having an effect on rentals as renters downsize or insist on rent reductions. With this as a backdrop we looked at rental rates which a are … (2 comments)
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investment property: Rent Boards, Rent Control and GRM - 04/07/09 01:35 PM
The San Francisco Rent Board sets price controls on residential housing effectively acting as a price ceiling, except when an apartment becomes vacant. Then the owner/manager can bring rents up to market rate. If the unit was occupied for 10 or even 20 years, eventual increases to the prevailing market rate represents a spike in cash flow. In fact when a building with long standing tenants comes up for sale it’s a great selling point. It’s not hard to see future value when you are looking at a few units renting for $350 that would easily rent in today’s market for … (0 comments)
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investment property: Five good markets for Investment Property - 11/30/08 03:25 PM
The Urban Land Institute surveyed real estate professionals looking for the best commercial markets for investment in this economic climate. The top five markets according to the professionals surveyed were:
1. Seattle
2. San Francisco
3.Washington DC
4.New York
5.L.A.
The common qualities shared by all five cities were diversified by industry, did participate in the residential market boom and therefore did not have a housing glut and are able to attract international investments. There is no indication that commercial real estate precedes a healthy residential market, but it seems that a good business climate would certainly make that more likely. … (2 comments)
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investment property: San Francisco Rental Market Update - 07/06/08 04:19 PM
http://nreionline.com/property/multifamily/san_francisco_apartment_market_0116/
Marcus and Millichap, large investment property specialists, tell us that the rental market will only get better for owners and conversely more expensive for renters. Thanks to a healthy economy and population growth driven by burgeoning professional and business services.
Some stats via the National real estate Investor:
The market added just 750 multifamily units in 2007 and only 800 additional units expected to deliver in 2008. San Francisco has seen large new condo projects and TIC development, but not much in the way of larger rental units. The rental unit market did not participate in the heady … (0 comments)
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