Sentences with phrase «booming apartment market»
And he says investors are already becoming more cautious about the booming apartment market because of the huge construction volumes.
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Second, millennials don't really want to buy yet — they prefer renting apartments with nice amenities, as do baby boomers who are downsizing, so I think at least the apartment market could stay stable regardless of how the rest of the economy performs.
De Blasio is also is calling for an overhaul of housing programs and tax incentives to spur the construction of tens of thousands of apartments for poor New Yorkers, as well as teachers, firefighters and other workers, who increasingly find themselves priced out of a booming real estate market and rapidly gentrifying neighborhoods.
As capitalism's sway over contemporary Iranian society grows ever more pervasive, there is housing shortage, the real estate market booms, houses make way for towering new apartment buildings and shopping malls.
When the apartment boom first started in 2010, conventional wisdom linked rising apartment demand with the collapse of the for - sale housing market.
«The apartment sector did not overbuild during the housing boom, and then built nearly nothing for two years after the market crash because no financing was available,» he said.
The booming rental market has prompted others to add accessory apartments in their home so they can bring in tenants for extra income potential.
Single - Family to Lead 2014 Construction Market Household Formation to Outpace Apartment Boom Micro-Apartments Becoming the New Rage
«The past few years have been booming in Atlanta, but with the technology decline there has been a noticeable increase in office vacancy rates; the apartment occupancy rates have been touched by the decrease in the number of jobs created each year; all of which are affecting the retail market.»
Because of a growing tech industry and strong job market, Denver has seen a boom in apartment building, reports the Wall Street Journal.
At the same time, multifamily landlords including Equity Residential have contended with weakness in markets including Manhattan and San Francisco, where an apartment - construction boom has given residents more bargaining power and limited how much owners can raise rents.
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NEW YORK (Reuters)- A boom in newly built luxury apartments in Manhattan has skewed prices for the overall residential real estate market in the borough and masked a sharp drop in transaction volume over the past five years, a property report on Wednesday showed.
New apartment buildings are on the rise in urban markets, creating new spaces for millennials and baby boomers alike to live closer to the city center.