Articles

Arizona

Ka-ching! U.S. Home Seller Profits Hit 10-Year High

The average profits for people selling their homes recently hit a 10-year high. During the last three months of last year, ATTOM Data Solutions found the average home price was $54,000 more than what the seller had paid... Read Full Article Here

Multifamily Rental Rates on the Rise in Greater Phoenix

Rental rates are on the rise in the Greater Phoenix multifamily market, according to a report released by Colliers International in Greater Phoenix. Rates ticked higher as demand for apartments keeps pace with the growing inventory of units.... Read Full Article Here

Arizona's economy is expected to grow this year. Here is what's driving it

A stabilizing housing market and population gains will help Arizona's economy expand faster than the nation's again this year, though the gap will narrow, according to a forecast released Tuesday... Read Full Article Here

Phoenix Ranks 9th Most Unaffordable City for Renters, According to Study

Ask many metro Phoenix renters, and you’ll hear the same complaint: The cost of leasing the roof over their heads is getting tougher to afford... Read Full Article Here

National

Multifamily Property Investors Spent Less in 2017, but Bought More Apts.

The math may be a little counter-intuitive, but resulted from sales in the most expensive urban infill markets dropping off as owners of newer downtown properties decided to hang on to their assets or demanded rich pricing. Yield-hungry investors, in turn, looked to suburban and secondary markets - where multifamily properties are cheaper, and older assets and workforce housing are in vogue as well... Read Full Article Here

Multifamily Lending Expected to Hold Firm or Rise in '18

Nearly three-quarters (74%) of mortgage bankers expect to see no downturn in the multifamily lending space this year, saying deal volume will either increase from or remain the same as in 2017. That’s according to Berkadia’s first Powerhouse Poll, which surveyed nearly 150 of the firm’s investment sales brokers and mortgage bankers across 60 offices to assess 2018 opportunities in the multifamily space.... Read Full Article Here

Apartment Rents Still Edging Up in Most Cities

Apartment rents might not be headed upward with the same kind of energy they did in recent years, but there’s still upward momentum in the vast majority of U.S. markets. RentCafé recently reported that 89 percent of the nation’s biggest cities (the top 250 by population) saw rents grow year over year in January, while only 2 percent experienced rent drops... Read Full Article Here

Economy Watch: Roundtable Survey Offers Mixed Outlook

Commercial real estate executives are optimistic on the whole about the economy and the real estate market in 2018, but express some caution about 2019, according to the Real Estate Roundtable’s Q1 2018 Economic Sentiment Index. Released late last week, the index is based on a survey of 47 named executives and experts, as well as other anonymous participants... Read Full Article Here