Zachary Streit, J.D. M.S.

Introducing: NMHC 50 Affordable Housing Segment Analysis Delve into the exclusive insights from the NMHC Top 50 lists – Owners, Managers, Developers, Builders and Syndicators. This analysis provides a comprehensive view of the affordable housing segment within these top firms, shedding light on key trends and best practices. Explore the full analysis to stay informed and gain a competitive edge in the housing market. https://lnkd.in/eZQGykF5 Caitlin Sugrue Walter, PhD #AffordableHousing #NMHC50 #HousingMarketInsights #HousingAffordabilityCrisis

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CoStar reports, in Q1 2024, the U.S. multifamily market witnessed a strong resurgence in demand, absorbing 104,000 units—the highest figure since Q3 2021. Factors such as steady economic expansion and increased consumer confidence contributed to this rebound, prompting pent-up household formation. However, the market’s supply-demand dynamics remained imbalanced due to the completion of 140,000 new units during the same period. Although the vacancy rate rose by 10 basis points, it was the smallest increase observed recently, hinting at potential stabilization. Notably, rent growth seems to be recovering, with national annual growth reaching 0.8%. While most major markets are expected to return to positive rent growth in 2024, some may struggle to reach their pre-pandemic averages, particularly in Sun Belt regions. Read more: https://bit.ly/3QI6LqC #MarketRent #MultifamilyMarket #SunBeltRegions #RentTrends #RentGrowth

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CoStar Group reports, over the past two years, the U.S. #multifamily market has seen unprecedented supply additions, reminiscent of the mid-1980s. However, demand has lagged behind supply for 11 consecutive quarters, pushing the #vacancy rate from a record low of 4.8% in Q3 2021 to 7.9% in June 2024. During this period, 1.5 million rental units were completed, while absorption totaled 820,000 units. In the top 50 U.S. markets, #Austin and #Dallas-Fort Worth lead with the highest excess supply. The #SunBelt region, which added nearly 40% of new multifamily units, dominates the top 15 markets. However, many markets, like #Nashville, show manageable levels of overhang and could see vacancy rates stabilize by 2026. Conversely, some major markets like #Chicago, #OrangeCounty, and #SanJose have little to no overhang and vacancy rates below pre-pandemic levels. These markets maintained steady construction pipelines, avoiding the overbuilding seen in the Sun Belt. Read more: https://bit.ly/3ZpR78u #MarketRent  #RealEstate #MultifamilyMarket #HousingSupply #VacancyRates #RealEstateTrends #MarketInsights #SunBelt #PropertyInvestment #HousingDemand #EconomicForecast 

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🌆🏢 From Fixer-Uppers to High-Rises: A Commercial Real Estate Advisor's Guide to ARV vs. Value-Add 🌟 Hey there, fellow investors! 👋 As a commercial real estate advisor, I get a front-row seat to the exciting (and sometimes confusing) world of property investment. 🏠➡️🏢 Lately, I've noticed more residential investors wanting to dive into commercial real estate. But here's the catch: the strategies that work for flipping houses don't always apply to office buildings and retail spaces. 🏢💡 One common confusion? The concept of "ARV" (After Repair Value). Many clients come to me, eyes sparkling with dreams of quick flips and tidy profits, asking about the ARV of commercial properties. That's when I gently break the news: ARV, as you know it, isn't really a thing in commercial real estate. 🏠❌🏢 Curious about how to navigate these waters? 🌊 Check out my latest guide where I break it all down! 🔍👉 Read the full story here: https://bit.ly/45GJRGg #CommercialRealEstate #RealEstateInvestment #PropertyInvestment #InvestSmart #RealEstateTips #ValueAdd

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According to a new report from RealPage Market Analytics, markets for apartments in urban cores are catching up with their suburban competitors in terms of both occupancy and rent growth. Read on. #housing #multifamily

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