While the metrics that
drive multifamily marketing may appear to diverge when it comes to senior housing, marketers should not overlook -LSB-...]
Going forward it might increase another percentage point, but that's not what is
driving the multifamily market.
Not exact matches
In the lending world, Fannie Mae and Freddie Mac are household names that
drive the
multifamily housing
market.
SAN FRANCISCO — Jeffrey Weidell, Nate Prouty and Andrew Slaton of NorthMarq's San Francisco regional office arranged first mortgage refinancing in the amount of $ 188 million for Mansion Grove, a 1,000 - unit / 855,556 sq. ft.,
market - rate
multifamily community located at 502 Mansion Park
Drive in Santa Clara, California.
Brian Stoffers, COO, CBRE Capital
Markets, speaks with NREI Editorial Director David Bodamer about what will
drive growth for commercial real estate lending at MBA's Commercial Real Estate Finance /
Multifamily Housing Convention & Expo 2012 in Atlanta.
What's
driving the rise in the
multifamily market?
Today's real estate
market offers opportunities for owners to acquire
multifamily properties and renovate units to
drive higher rents and generate compelling returns on the invested capital.
A study by NAHB economists shows that the increase in the cost of lumber since the beginning of 2017 has been enough to
drive up the price of an average new single - family home by $ 6,388, and the
market value of an average new
multifamily housing unit by $ 2,430.
The more expensive
multifamily product within a close
driving distance to employment hotspots and other amenities hasn't had the same degree of competition from the for sale
market.
Brad Miller, president of Encore
Multifamily, explains how Axiometrics» granular apartment
market data has become an integral part of his research -
driven company.
Sales rose most in the Midwest, where the contract closings climbed 3.8 percent to a 1.35 million pace from the prior month At the current pace, it would take 4.6 months to sell out housing inventory, compared with 4.7 months in May; less than a five months» supply is a tight
market, the Realtors group has said Properties were on the
market for 34 days in June, the same as year ago Single - family home sales climbed 0.8 percent to an annual rate of 4.92 million while purchases of
multifamily properties increased 3.2 percent to a 650,000 pace First - time buyers accounted for 33 percent of all sales, up from 30 percent in May and the highest share since July 2012 Sales
driven in gains among most expensive homes, NAR's Yun said.