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rental markets: 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)

rental markets: Rent Vs Buy Today - 12/29/10 05:49 PM

NAR Existing Home Sales
Existing home sales which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 5.6% to a seasonally adjusted annual rate of 4.68 million in November, but are 27.9% below the cyclical peak of 6.49 million in November 2009, which was the initial deadline for the first-time buyer tax credit. Median existing single-family home prices rose year-over-year in 77 of 155 metropolitan areas and fell in 76 metro areas.
NAR Pending Sales
A forward-looking indicator, rose 10.4%  based on contracts signed in October from in September. The index remains 20.5% below a surge to a … (0 comments)

rental markets: 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)

rental markets: Mortgage Bankers Weekly Update: Mortgage Applications Decrease - 12/09/10 07:12 PM
 
Mortgage Bankers Association for the week of  12/8/2010 Market Composite Index:(loan application volume)    decreased 0.9 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index increased 22.8 percent compared with the previous week, which included the Thanksgiving HolidayRefinance Index: decreased 1.4 percent from the previous week. This is the fourth weekly decrease for the Refinance Index which reached its lowest level since June 2010Purchase Index:  increased 1.8 percent from one week earlier. This is the third weekly increase for the Purchase Index which reached its highest level since early May 2010. The unadjusted Purchase Index increased 21.3 … (0 comments)

rental markets: 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)

rental markets: The Case For Recovery - 04/28/10 03:16 PM
We Have One, But It Wont Feel Like it Case-Shiller released their index of home prices in 20 cities and it rose 0.6 percent in February over last year. Existing home prices advanced 0.4%, as sales climbed for the first time in four months. We’ve turned a corner with housing," said economist Karl Case, who with Robert Shiller created the index. "As long as mortgage rates don’t jump and employment continues to improve, we should see housing play a key role in preventing a double-dip recession. Via Seeking AlphaMonetary Policy;  The Fed kept monetary placed a hold stating that conditions requiring … (1 comments)

rental markets: 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)

rental markets: 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)

rental markets: 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)