The Wall Street Journal reports that rents are up and vacancies are down across the United States: Apartment landlords are enjoying rising rents and falling vacancies. The average effective rent, the amount paid after discounting, was $997 in the second quarter of the year, up from $974 a year earlier, according to a report scheduled … Read more
[Note: This is a longer version of the original, which was posted on AOL Housingwatch a few days ago. I’m crossposting it because Notorious ROB has no space constraints and my readers are used to 2,000 word posts, heh. :)] In Part 1 of this series, where I laid out why I believe the 30-year fixed … Read more
From National Real Estate Investor comes news that loans for commercial multifamily projects have dropped 63% year over year: Commercial and multifamily mortgage loan originations continued to fall on a year-over-year basis in the second quarter, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. Second quarter originations were 63% … Read more
The Real Estate Journal is reporting that the largest landlord in San Francisco is putting apartment properties up for sale, and raising some questions: After five years as the most aggressive buyer of apartment buildings in San Francisco, the Lembi family has — for now — become the city’s biggest seller. The 18 buildings up … Read more