Demand is Outstripping Supply in Multifamily Housing
Let’s go with the bottom line first: Supply is not keeping up with demand for housing in almost all parts of the country. In the 12 months ending May 2014, the U.S. issued building permits (both single...
View ArticleAnother Top-10 List — Metros With the Most Multifamily Residential Permits...
Each of my econometric presentations include what I see as megatrends that will last at least for the year if not longer. This year includes: Time to overweight in real estate (just look at a...
View ArticleInsights Into Renters — 2014
As the homeownership rate has eroded from almost 70 percent a few years ago into the 64 percent range today, the number of renters has surged. That has placed substantial demand on the existing stock...
View ArticleAnother Top-10 List — Top U.S. Counties for Residential Landlords
Economics is based on supply and demand in which the interaction of the two determines price. For landlords of residential rental properties, supply and demand continue to work in their favor. At least...
View ArticleAnother Top-10 List — Cities With the Greatest Delivery of New Multifamily...
Rental housing remains hot, from single family to apartments, driven by still stringent lending, increasing job numbers and failure thus far to ignite in the formation of new households. Apartments,...
View ArticleAnother Top-10 List — Most Expensive Apartment Markets
Stewart’s headquarters is located in the Galleria area of Houston. This past year from my office window I watched an upscale residential mid-rise structure go up. To my surprise, it is an apartment...
View ArticleQ4 2014 Commercial Real Estate Cycles from Dividend Capital
There is one blog topic that I write about quarterly that is preceded by several calls and emails as to when it is scheduled to be available – The Cycle Monitor – Real Estate Market Cycles from...
View ArticleNewton’s Third Law of Motion and Tax Collections – Plus a Little Tax History
Newton’s Third Law of Motion is simple and straightforward. For every action there is an equal and opposite reaction. Newton’s Third Law of Motion is as much a financial and economic term as it is for...
View ArticleMillennial Buyers are on the Rise, and Builders are Sitting up and Paying...
You may have seen my earlier blogs about how the real estate market, and the homebuilding sector, was about to face a significant increase in interest from millennials. Thus far in 2015, we’ve seen...
View ArticleAnother Top-10 List — Most Searched Destinations in the Americas for Homes
Most of us have an idealistic or exotic destination for housing not located in the U.S., whether it be in the tropics, mountains, on the lake, by the beach, city center or just that perfect remote...
View ArticleSearching for an Apartment in Today’s Internet and Social Media Landscape
Renters represent a growing segment of the housing scene in the U.S. as homeownership erodes – now at the lowest level since 1967 at 63.4 percent. That means that more than one-third of all households...
View ArticleAnother Top-10 List — Best and Worst Rental Markets for Millennials
Millennials are the largest population cohort the U.S. has ever seen with an estimated 83.1 million from 18 to 34 years of age (U.S. Census Bureau). As such, they are having the largest impact on...
View ArticleAnother Top-10 List — Cities on the Rise for 1st Time Homebuyers in 2016
Just two years ago, the high-end housing market was hot and the low-end not. That is all changing as the maturing Millennial population is facing high and ever increasing rents but still has incredibly...
View ArticleAnother Top-10 List — Best Cities for Young Families
Last week I spoke at multiple events in Southwest Florida along the Gulf Coast. Not surprising, many of the markets were very pricey. Naples-Marco Island, for example, ended up December 2015 with...
View ArticleAnother Top-10 List — Cities With the Biggest Single Family Foreclosure...
Single family dwellings as rentals are one of the surprising surviving trends from the real estate bubble implosion and ongoing recovery. In the past when markets slid, many homes did become rentals –...
View ArticleAnother Top-10 List — Best Cities for Recent College Grads With Bachelor’s...
Most people go to college to enhance their earnings potential. After obtaining a bachelor’s degree, however, it’s just not the degree earned that affects income, but also the location they work. A...
View ArticleDrTCJ’s Tweets March 25, 2016 Through April 7, 2016
For those of you that do not Tweet – you should consider doing so. If you want to talk about effective bang for the buck, the 140 total characters, letters, numbers and spaces of a Tweet on Twitter...
View ArticleMarch Existing Home Sales Up 1.5 Percent Year-Over-Year and Up 5.1 Percent...
March 2016 existing home sales rose 1.5 percent year-over-year on a seasonally adjusted annualized rate (SAAR) of 5.33 million, which was also up 5.1 percent sequentially from February per the National...
View ArticleAnother Top-10 List — Best Markets for 1st Time Homebuyers, and Worst
Earlier this week, HousingWire had an article telling first-time homebuyers (Millennials) in Dallas, Texas that they should just adjust to being renters since land and development costs make a sub...
View ArticleAnother Top-10 List — Top Markets for Institutional Investors Residential...
A unique residual of this housing recovery is the staying power of investors that bought at heavily discounted distressed prices that remain today as rentals – a phenomenon that is still occurring. As...
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