Find out why Axiometrics calls 2014 the “Year of the Apartment” as VP of Research, Stephanie McCleskey, provides exceptional insight into why the apartment segment of commercial real estate has outperformed everyone’s expectations––and whether the climbing occupancy and effective rent growth will continue. Be the first to see the most recent market research, as well as the highly anticipated forecast for 2015.
This document provides an economic and housing market forecast for 2016. It summarizes key economic indicators such as GDP growth, unemployment rates, and consumer confidence. Housing market indicators like home sales, prices, and inventory are also analyzed at national, state, and regional levels. The forecast expects moderate economic and job growth in the US and California in 2016, with housing demand remaining strong but supply continuing to lag behind household formation and need, constraining affordability.
Prime property prices in the UK were largely unchanged in the third quarter of 2016, falling 0.1% over the three months to September. Annual growth remains positive at 0.5% but is slower than previous years due to recent stamp duty increases. While headline figures show a subdued market, activity has remained resilient since the Brexit vote, with increased new property listings and homes under offer. The strongest markets continue to be affluent towns and cities near London.
January 2015 Greater Boston Real Estate Market Trends ReportUnit Realty Group
Here’s January 2015’s Monthly Indicators report from the Greater Boston Association of Realtors®
Boston Real Estate Market Trends:
January home sales closed lower compared to last year as low inventory and end of month snow pushed off some closings. Median prices continued to go up as supply continues to be down. Sellers are waiting out Mother Nature to add their homes to the market keeping new listings down in January.
• January single-family home sales – UP +0.3% over last year and median prices UP +8.4% at $493,000
• January condo sales DOWN -18.5% and median prices UP +9.9% at $454,750
• Inventory in January DOWN -15.6% to 1,714 and condominiums DOWN -27.6% to 991
• SF listings added to the market in January DOWN -0.8% over last year. (753 from 759 in 2014)
• Condo listings added to the market DOWN -10.5% over last year. (674 from 753 in 2014)
CANADIAN HOME SALES ACTIVITY IMPROVES IN JUNE - 16 JULY 2018Shawn Venasse
The document provides a summary of national residential real estate statistics in Canada. Some key points:
- National home sales rose 4.1% from May to June 2018 but were down 10.7% from June 2017.
- The national average home sale price edged down 1.3% year-over-year in June.
- The unemployment rate was 5.9% at the end of June 2018, trending near record lows.
- The Bank of Canada raised interest rates by 0.25% to 1.5% in July, signaling further hikes are likely.
Optimism is in the air as we turn to face a new calendar year. As far as residential real estate goes, there is plenty to feel positive about. Buying and selling activity continued through the final months of 2015, and there's little reason to believe that trend will slow down during the first month of 2016. If anything, the past few years have indicated a tendency for listings and sales to increase in January.
August 2015 Greater Boston Real Estate Market Trends ReportUnit Realty Group
The document provides an overview of housing market indicators for the Greater Boston region in August 2015. Key points include:
- Closed home sales increased 13.5% year-over-year for single-family homes and 4.6% for condominiums.
- The median sales price was up 2.0% to $499,900 for single-family homes and 9.8% to $460,000 for condominiums.
- Inventory levels decreased with months supply of inventory down 23.3% for single-family homes and 17.5% for condominiums.
This report summarizes the prospects for the UK housing market in winter 2015. It predicts that house prices will rise 4.5% in 2015 and 4.4% in 2016, supported by an improving economy. However, sustained low interest rates could fuel faster growth of nearly 7% in 2016. Regional disparities are growing, with prices weakest in the North East and Scotland. The supply of homes remains constrained, despite strong demand and real earnings growth supporting buyer affordability.
October 2015 Greater Boston Real Estate Market Trends ReportUnit Realty Group
Here’s October 2015’s Monthly Indicators report from the Greater Boston Association of Realtors®
October closed home sales up on strong buyer activity over the late summer/early fall. Low supply in October and ongoing buyer demand pushed home prices higher. Seven straight months of new listings added to the market are giving buyers more options.
• September single-family home sales – UP +13.0% over last year
September Single-family median prices were UP +1.1% at $440,000
• September condo sales DOWN -7.3% and median prices were UP +15.5% at $454,950
• Inventory in September DOWN -12.1% to 3,688 and Condominiums DOWN -10.0% to 1,773
• SF listings added to the market in September UP +2.6% over last year. (1,586 from 1,546 in 2014)
• Condo listings added to the market UP +5.3% over last year. (1,137 from 1,080 in 2014)
This document provides an economic and housing market forecast for 2016. It summarizes key economic indicators such as GDP growth, unemployment rates, and consumer confidence. Housing market indicators like home sales, prices, and inventory are also analyzed at national, state, and regional levels. The forecast expects moderate economic and job growth in the US and California in 2016, with housing demand remaining strong but supply continuing to lag behind household formation and need, constraining affordability.
Prime property prices in the UK were largely unchanged in the third quarter of 2016, falling 0.1% over the three months to September. Annual growth remains positive at 0.5% but is slower than previous years due to recent stamp duty increases. While headline figures show a subdued market, activity has remained resilient since the Brexit vote, with increased new property listings and homes under offer. The strongest markets continue to be affluent towns and cities near London.
January 2015 Greater Boston Real Estate Market Trends ReportUnit Realty Group
Here’s January 2015’s Monthly Indicators report from the Greater Boston Association of Realtors®
Boston Real Estate Market Trends:
January home sales closed lower compared to last year as low inventory and end of month snow pushed off some closings. Median prices continued to go up as supply continues to be down. Sellers are waiting out Mother Nature to add their homes to the market keeping new listings down in January.
• January single-family home sales – UP +0.3% over last year and median prices UP +8.4% at $493,000
• January condo sales DOWN -18.5% and median prices UP +9.9% at $454,750
• Inventory in January DOWN -15.6% to 1,714 and condominiums DOWN -27.6% to 991
• SF listings added to the market in January DOWN -0.8% over last year. (753 from 759 in 2014)
• Condo listings added to the market DOWN -10.5% over last year. (674 from 753 in 2014)
CANADIAN HOME SALES ACTIVITY IMPROVES IN JUNE - 16 JULY 2018Shawn Venasse
The document provides a summary of national residential real estate statistics in Canada. Some key points:
- National home sales rose 4.1% from May to June 2018 but were down 10.7% from June 2017.
- The national average home sale price edged down 1.3% year-over-year in June.
- The unemployment rate was 5.9% at the end of June 2018, trending near record lows.
- The Bank of Canada raised interest rates by 0.25% to 1.5% in July, signaling further hikes are likely.
Optimism is in the air as we turn to face a new calendar year. As far as residential real estate goes, there is plenty to feel positive about. Buying and selling activity continued through the final months of 2015, and there's little reason to believe that trend will slow down during the first month of 2016. If anything, the past few years have indicated a tendency for listings and sales to increase in January.
August 2015 Greater Boston Real Estate Market Trends ReportUnit Realty Group
The document provides an overview of housing market indicators for the Greater Boston region in August 2015. Key points include:
- Closed home sales increased 13.5% year-over-year for single-family homes and 4.6% for condominiums.
- The median sales price was up 2.0% to $499,900 for single-family homes and 9.8% to $460,000 for condominiums.
- Inventory levels decreased with months supply of inventory down 23.3% for single-family homes and 17.5% for condominiums.
This report summarizes the prospects for the UK housing market in winter 2015. It predicts that house prices will rise 4.5% in 2015 and 4.4% in 2016, supported by an improving economy. However, sustained low interest rates could fuel faster growth of nearly 7% in 2016. Regional disparities are growing, with prices weakest in the North East and Scotland. The supply of homes remains constrained, despite strong demand and real earnings growth supporting buyer affordability.
October 2015 Greater Boston Real Estate Market Trends ReportUnit Realty Group
Here’s October 2015’s Monthly Indicators report from the Greater Boston Association of Realtors®
October closed home sales up on strong buyer activity over the late summer/early fall. Low supply in October and ongoing buyer demand pushed home prices higher. Seven straight months of new listings added to the market are giving buyers more options.
• September single-family home sales – UP +13.0% over last year
September Single-family median prices were UP +1.1% at $440,000
• September condo sales DOWN -7.3% and median prices were UP +15.5% at $454,950
• Inventory in September DOWN -12.1% to 3,688 and Condominiums DOWN -10.0% to 1,773
• SF listings added to the market in September UP +2.6% over last year. (1,586 from 1,546 in 2014)
• Condo listings added to the market UP +5.3% over last year. (1,137 from 1,080 in 2014)
Mercer Capital's Value Focus: Real Estate Industry | Q1 2016 | Segment Focus:...Mercer Capital
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
September 2015 Greater Boston Real Estate Market Trends ReportUnit Realty Group
The real estate market in the Greater Boston region experienced positive trends in the third quarter of 2015. New listings increased 10.9% for single-family homes and 11.3% for condominiums. Closed sales rose 15% for single-family homes and 4.1% for condominiums. Median sales prices increased 7.5% for single-family homes to $455,000 and 3.4% for condominiums to $428,500. Months of inventory decreased significantly. Overall, the housing market remains healthy with continued job growth and low interest rates.
The housing market in Westchester and the Hudson Valley surged forward in the third quarter of 2015, with sales up dramatically throughout the region. More importantly, several counties showed signs of "green shoots" of meaningful price appreciation, reflecting the impact from the sustained increases in buyer demand that we've seen over the past few years.
The document summarizes key metrics and trends in the 2019 San Francisco County housing market based on data from the local MLS. It finds that while buyer activity was strong due to low mortgage rates and a healthy economy, inventory constraints continued to limit sales. Median home prices rose 2.2% from 2018 to $1,380,000. Condo prices increased more than single family homes. Most neighborhoods saw price increases but inventory declined substantially year-over-year.
January 2015 RICS UK Residential Market SurveyRICS
The document provides details on the RICS Residential Market Survey for January 2015. It includes net balance data on house prices, sales, new buyer inquiries, new vendor instructions, and agreed sales over the last month and coming months. It also provides levels data on average stock and sales per surveyor over the last 3 months. The document summarizes the key findings from the survey for different regions of the UK and notes continued strength in Northern Ireland and Scotland compared to other areas.
Charlotte Region Weekly Real Estate Market Activity ReportScott Browder
Residential real estate activity is in full swing across America. Some trends are persisting as they have week after week, month after month and now year after year. But some metrics are teasing a deviation from the norm. There may not be
as many homes for sale as there were last year at this time, and home price increases are still more likely than not, but there is a chance that we could see more positive changes in either sales or new listings as the summer months progress.
In the Charlotte region, for the week ending May 26:
• New Listings increased 6.4% to 1,369
• Pending Sales increased 28.3% to 1,297
• Inventory decreased 16.9% to 9,389
For the month of April:
• Median Sales Price increased 7.4% to $240,000
• List to Close decreased 4.0% to 95
• Percent of Original List Price Received increased 0.1% to 97.3%
• Months Supply of Homes for Sale decreased 19.7% to 2.2
Massachusetts statewide closed sales for condos and single family homesMichael Mahoney
Michael Mahoney, a Realtor with eXp Realty in Boston reports on statewide condo and home sales in Massachusetts.
Please feel free to call Mike @ 617-615-9435
www.realtormikemahoney.com
The seniors housing industry in Texas continues to adapt to meet the needs of an aging population. Several key points:
- Occupancy rates and rent growth increased across major Texas markets in 2019. Austin saw the highest rent growth at 5.8% year-over-year.
- Absorption was positive, with over 1,600 units absorbed in Texas in the second half of 2019. Dallas saw the highest absorption of 658 units.
- Construction costs for seniors housing have risen 7-10% annually due to labor and materials shortages. Dallas and Houston have over 5,000 units under construction total.
- The population of seniors is growing rapidly in Texas cities like Austin, Dallas, Houston
February 2015 Greater Boston Real Estate Market Trends ReportUnit Realty Group
Here’s February 2015’s Monthly Indicators report from the Greater Boston Association of Realtors®
February condo sales closed down by almost two percent compared to the year before. Median prices continued to go up as supply continues to be down. Sellers were waiting out Mother Nature to add their homes to the market keeping new listings down in February.
• February single-family home sales: UP +5.0% over February 2014; median prices UP +7.9% ($439,500)
• February condo sales DOWN -1.8% over February 2014; median prices UP +3.5% ($403,568)
• Inventory in February DOWN -29.3% to 1,992 and Condominiums Down -32.9% to 1,057
• SF listings added to the market in February DOWN -38.7% over last year. (700 from 1,141 in 2014)
• Condo listings added to the market DOWN -33.7% over last year. (615 from 927 in 2014)
California Association of REALTORS
California's Housing market Outlook 2015
Presented by Sara Sutachan
California Community College Real Estate Educators' Conference
Hilton, Mission Valley, San Diego, CA
Friday, February 27, 2015
Market Report: MSA Market Detail - Single Family - 3rd Quarter 2017Al Graham
This document provides quarterly real estate market statistics for the Miami-Fort Lauderdale-West Palm Beach MSA from 2013 to Q3 2017. It includes metrics such as closed sales, median and average sale prices, cash sales, dollar volume, and median time to sale. The statistics show declines in closed sales, cash sales, and dollar volume from Q3 2016 to Q3 2017, while median and average sale prices increased year-over-year in Q3 2017. Economists' notes provide context for interpreting the different metrics.
This document summarizes the economic outlook for South Carolina in 2021. It finds that while the state's economy rebounded strongly over the summer and fall of 2020, full recovery is not expected until mid-2021 at the earliest due to continued struggles in the leisure and hospitality industry and supply constraints in the housing market. Vaccine dissemination provides hope, but increasing COVID cases and typical year-over-year slowing could impact growth rates in the second half of 2021.
 2014 Winnipeg and Manitoba Housing Market OutlookMBHomeBuilders
This document provides an overview of housing market intelligence for Manitoba and Winnipeg. It includes statistics and forecasts on the provincial and Winnipeg economies, demographics, housing starts, sales, prices and ownership costs. The economy is projected to continue steady growth. Housing starts are forecast to increase moderately while resale market sales and prices rise at a slower pace. Population growth, particularly among demographics that typically purchase multi-family homes, supports continued strength in that segment of the market.
Mercer Capital's Value Focus: Real Estate Industry | Q3 2016 | Segment Focus:...Mercer Capital
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
- Housing markets across the U.S. are very active in the summer of 2018, with many homes selling above asking price due to high buyer demand and a strong economy.
- The median sales price in San Francisco increased 11.1% for single family homes and 4.4% for condos from June 2017 to June 2018.
- New listings decreased while pending sales were down for single family but up slightly for condos, and inventory levels dropped across the board compared to a year ago.
Home prices surged by 10.2% in the first quarter of 2013, the first double-digit gain since the peak of the housing bubble in 2006. Home prices increased year over year in 296, or 77%, of metropolitan areas in 1Q13. Price gains are projected to decelerate from a double-digit pace in 2014 as increasing mortgage rates and home prices decrease affordability.
TORONTO REAL ESTATE BOARD'S JUNE 2017 MARKET STATSShawn Venasse
"Recent Ipsos survey results suggest that home buying activity in the GTA will remain strong moving forward. The year-over-year dip in home sales we have experienced over the last two months seem to be the result of would-be buyers putting their decision to purchase temporarily on hold while they monitor the impact of the Fair Housing Plan. On the supply side of the market, it certainly looks as though buyers will benefit from more choice in the second half of 2017 compared to the same period in 2016,"said Jason Mercer, TREB's Director of Market Analysis and Service Channels.
In 2015, the national residential real estate market performed well overall with healthy supply and demand driven by low interest rates and improved employment. Housing markets have shown resilience to recent interest rate increases. The San Francisco residential real estate market saw increases in median home prices in 2015, with single family home prices up 12% and condo prices up 18.7% compared to 2014. Both new listings and pending sales declined in December 2015 compared to the previous year.
The document provides an overview of the Chicago multifamily real estate market. Key points include:
- The economy is cooling as the Federal Reserve raises interest rates aggressively, which is slowing inflation but may cause a recession.
- Job growth in Chicago is strongest in the education/health services and professional/business services sectors.
- Multifamily construction levels in Chicago remain high but absorption continues to outpace deliveries, keeping vacancy low relative to the national average.
- Rent growth in Chicago is expected to moderate in 2023 but remain positive, with the strongest growth in suburban submarkets. Concessions are rising in the downtown area.
Mercer Capital's Value Focus: Real Estate Industry | Q1 2016 | Segment Focus:...Mercer Capital
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
September 2015 Greater Boston Real Estate Market Trends ReportUnit Realty Group
The real estate market in the Greater Boston region experienced positive trends in the third quarter of 2015. New listings increased 10.9% for single-family homes and 11.3% for condominiums. Closed sales rose 15% for single-family homes and 4.1% for condominiums. Median sales prices increased 7.5% for single-family homes to $455,000 and 3.4% for condominiums to $428,500. Months of inventory decreased significantly. Overall, the housing market remains healthy with continued job growth and low interest rates.
The housing market in Westchester and the Hudson Valley surged forward in the third quarter of 2015, with sales up dramatically throughout the region. More importantly, several counties showed signs of "green shoots" of meaningful price appreciation, reflecting the impact from the sustained increases in buyer demand that we've seen over the past few years.
The document summarizes key metrics and trends in the 2019 San Francisco County housing market based on data from the local MLS. It finds that while buyer activity was strong due to low mortgage rates and a healthy economy, inventory constraints continued to limit sales. Median home prices rose 2.2% from 2018 to $1,380,000. Condo prices increased more than single family homes. Most neighborhoods saw price increases but inventory declined substantially year-over-year.
January 2015 RICS UK Residential Market SurveyRICS
The document provides details on the RICS Residential Market Survey for January 2015. It includes net balance data on house prices, sales, new buyer inquiries, new vendor instructions, and agreed sales over the last month and coming months. It also provides levels data on average stock and sales per surveyor over the last 3 months. The document summarizes the key findings from the survey for different regions of the UK and notes continued strength in Northern Ireland and Scotland compared to other areas.
Charlotte Region Weekly Real Estate Market Activity ReportScott Browder
Residential real estate activity is in full swing across America. Some trends are persisting as they have week after week, month after month and now year after year. But some metrics are teasing a deviation from the norm. There may not be
as many homes for sale as there were last year at this time, and home price increases are still more likely than not, but there is a chance that we could see more positive changes in either sales or new listings as the summer months progress.
In the Charlotte region, for the week ending May 26:
• New Listings increased 6.4% to 1,369
• Pending Sales increased 28.3% to 1,297
• Inventory decreased 16.9% to 9,389
For the month of April:
• Median Sales Price increased 7.4% to $240,000
• List to Close decreased 4.0% to 95
• Percent of Original List Price Received increased 0.1% to 97.3%
• Months Supply of Homes for Sale decreased 19.7% to 2.2
Massachusetts statewide closed sales for condos and single family homesMichael Mahoney
Michael Mahoney, a Realtor with eXp Realty in Boston reports on statewide condo and home sales in Massachusetts.
Please feel free to call Mike @ 617-615-9435
www.realtormikemahoney.com
The seniors housing industry in Texas continues to adapt to meet the needs of an aging population. Several key points:
- Occupancy rates and rent growth increased across major Texas markets in 2019. Austin saw the highest rent growth at 5.8% year-over-year.
- Absorption was positive, with over 1,600 units absorbed in Texas in the second half of 2019. Dallas saw the highest absorption of 658 units.
- Construction costs for seniors housing have risen 7-10% annually due to labor and materials shortages. Dallas and Houston have over 5,000 units under construction total.
- The population of seniors is growing rapidly in Texas cities like Austin, Dallas, Houston
February 2015 Greater Boston Real Estate Market Trends ReportUnit Realty Group
Here’s February 2015’s Monthly Indicators report from the Greater Boston Association of Realtors®
February condo sales closed down by almost two percent compared to the year before. Median prices continued to go up as supply continues to be down. Sellers were waiting out Mother Nature to add their homes to the market keeping new listings down in February.
• February single-family home sales: UP +5.0% over February 2014; median prices UP +7.9% ($439,500)
• February condo sales DOWN -1.8% over February 2014; median prices UP +3.5% ($403,568)
• Inventory in February DOWN -29.3% to 1,992 and Condominiums Down -32.9% to 1,057
• SF listings added to the market in February DOWN -38.7% over last year. (700 from 1,141 in 2014)
• Condo listings added to the market DOWN -33.7% over last year. (615 from 927 in 2014)
California Association of REALTORS
California's Housing market Outlook 2015
Presented by Sara Sutachan
California Community College Real Estate Educators' Conference
Hilton, Mission Valley, San Diego, CA
Friday, February 27, 2015
Market Report: MSA Market Detail - Single Family - 3rd Quarter 2017Al Graham
This document provides quarterly real estate market statistics for the Miami-Fort Lauderdale-West Palm Beach MSA from 2013 to Q3 2017. It includes metrics such as closed sales, median and average sale prices, cash sales, dollar volume, and median time to sale. The statistics show declines in closed sales, cash sales, and dollar volume from Q3 2016 to Q3 2017, while median and average sale prices increased year-over-year in Q3 2017. Economists' notes provide context for interpreting the different metrics.
This document summarizes the economic outlook for South Carolina in 2021. It finds that while the state's economy rebounded strongly over the summer and fall of 2020, full recovery is not expected until mid-2021 at the earliest due to continued struggles in the leisure and hospitality industry and supply constraints in the housing market. Vaccine dissemination provides hope, but increasing COVID cases and typical year-over-year slowing could impact growth rates in the second half of 2021.
 2014 Winnipeg and Manitoba Housing Market OutlookMBHomeBuilders
This document provides an overview of housing market intelligence for Manitoba and Winnipeg. It includes statistics and forecasts on the provincial and Winnipeg economies, demographics, housing starts, sales, prices and ownership costs. The economy is projected to continue steady growth. Housing starts are forecast to increase moderately while resale market sales and prices rise at a slower pace. Population growth, particularly among demographics that typically purchase multi-family homes, supports continued strength in that segment of the market.
Mercer Capital's Value Focus: Real Estate Industry | Q3 2016 | Segment Focus:...Mercer Capital
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
- Housing markets across the U.S. are very active in the summer of 2018, with many homes selling above asking price due to high buyer demand and a strong economy.
- The median sales price in San Francisco increased 11.1% for single family homes and 4.4% for condos from June 2017 to June 2018.
- New listings decreased while pending sales were down for single family but up slightly for condos, and inventory levels dropped across the board compared to a year ago.
Home prices surged by 10.2% in the first quarter of 2013, the first double-digit gain since the peak of the housing bubble in 2006. Home prices increased year over year in 296, or 77%, of metropolitan areas in 1Q13. Price gains are projected to decelerate from a double-digit pace in 2014 as increasing mortgage rates and home prices decrease affordability.
TORONTO REAL ESTATE BOARD'S JUNE 2017 MARKET STATSShawn Venasse
"Recent Ipsos survey results suggest that home buying activity in the GTA will remain strong moving forward. The year-over-year dip in home sales we have experienced over the last two months seem to be the result of would-be buyers putting their decision to purchase temporarily on hold while they monitor the impact of the Fair Housing Plan. On the supply side of the market, it certainly looks as though buyers will benefit from more choice in the second half of 2017 compared to the same period in 2016,"said Jason Mercer, TREB's Director of Market Analysis and Service Channels.
In 2015, the national residential real estate market performed well overall with healthy supply and demand driven by low interest rates and improved employment. Housing markets have shown resilience to recent interest rate increases. The San Francisco residential real estate market saw increases in median home prices in 2015, with single family home prices up 12% and condo prices up 18.7% compared to 2014. Both new listings and pending sales declined in December 2015 compared to the previous year.
The document provides an overview of the Chicago multifamily real estate market. Key points include:
- The economy is cooling as the Federal Reserve raises interest rates aggressively, which is slowing inflation but may cause a recession.
- Job growth in Chicago is strongest in the education/health services and professional/business services sectors.
- Multifamily construction levels in Chicago remain high but absorption continues to outpace deliveries, keeping vacancy low relative to the national average.
- Rent growth in Chicago is expected to moderate in 2023 but remain positive, with the strongest growth in suburban submarkets. Concessions are rising in the downtown area.
The document discusses population and development projections for Sarasota County, Florida through 2040. It projects that the county's population will grow significantly from 327,000 in 2000 to 664,000 in 2040. To accommodate this growth, most new development will come from redevelopment of existing parking lots and structures rather than greenfield development. The document advocates planning for more dense, walkable, and transit-oriented development to meet changing consumer preferences and make the most efficient use of existing infrastructure.
Minneapolis/St. Paul Market Multifamily Apartment Fundamentals Overview Q2 2016Steven Ladin
Presentation from CoStar Market Economist, Julian Spiker on the state of the Minneapolis/St. Paul Market Multifamily Apartment Market. Included are the market fundamentals, including the following:
• Economic Outlook
• Demographics & Demand
• Fundamentals & Construction Trends
• Rent Trends
• Investment Activity
This document summarizes key information about the multifamily market in the Dallas-Fort Worth area:
1. The DFW market has experienced strong population and job growth in recent decades, with the metro area population increasing over 400% since 1960. DFW saw the largest job growth of any major US metro area in 2014.
2. Multifamily fundamentals in DFW have remained strong in recent years, with high occupancy rates around 93% and steady rent increases despite new construction deliveries. Rents are projected to continue growing through 2015.
3. Capitalization rates for multifamily properties in DFW have compressed but remain approximately 200 basis points above long-term averages, suggesting the asset class is not
Partners Trust La Cañada Grand Opening: 2014-2015 California Economic Outlook...Audie Chamberlain
Leslie Appleton-Young, Chief Economist for the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) 2014-2015 California Economic & Market Outlook presentation to kick off Partners Trust La Cañada Grand Opening on November, 20th 2014.
Mark Obrinsky at the Apartment Strategies ConferenceDavid Covucci
The document discusses the economic and apartment market outlook in May 2010. It suggests that while the economic recovery appears to be underway based on GDP and job growth, there is uncertainty around whether growth will be sustained or if recent indicators only reflect temporary strength. It also notes that job and income growth are critical to increasing renter household formation and apartment occupancies. Overall apartment vacancies are forecasted to enter a rapid recovery after stabilizing in 2010.
2016 Market Outlook Presentation by REALTOR.com's Jonathan SmokeJessKern
Start your 2016 with a look at what to expect in the residential and commercial real estate markets at our annual Market Outlook. Jonathan Smoke, Chief Economist with REALTOR.com, share his predictions for our industry’s top emerging trends and opportunities.
Bernard Markstein presented an overview of the US economy and construction outlook at the BONDMulti 2014 Conference. He summarized that the economy is improving but growth could be faster, and construction is also recovering but residential remains below long-term needs. Key issues for the housing market include tight lending standards, high student debt burdens, and potential changes in views about homeownership among younger generations.
Mark Stapp, Fred E. Taylor Professor in Real Estate and executive director of the Master of Real Estate Development program, will explain the concerns over affordable housing amid the rapid growth in home prices.
Senior living is a burgeoning industry driven by an exploding senior population and demand from an aging demographic with increasing needs for specialized residential requirements. This demand will drive strong growth in the senior living industry over the next several decades. The baby boomers are the largest generation in U.S. history, constituting a sizable demographic wave. With 82.8 million people born between 1946 and 1964, the baby boomers represent over 30% of the U.S. population. There is an estimate of 75 million baby boomers who are on the verge of retirement. For the next twenty years, an average of 10,000 people each day will reach age 65, which has historically been the retirement phase of life (Pew Research: http://pewrsr.ch/T4o2Hs ).
1) Current residential real estate data lacks sophistication and comprehensive localized information that professionals need to make investment decisions. Big data is growing exponentially and will revolutionize real estate like other industries.
2) Real estate involves huge volumes of local, macroeconomic, and household-level data. Applying this data reveals shifts in demographics, increasing dispersion of returns between local markets, and faster market cycles.
3) Case studies show how analyzing shifting demographics can help understand where demand is moving and what products consumers need. Analyzing dispersion of returns between local markets shows the need to refine investment strategies for different market clusters.
2015 was a banner year for the Greater San Marcos region with major new announcements and jobs. What will the next year bring for our region as we work to grow by design rather than by default? Hear from business leaders and industry experts about new developments and opportunities for the most dynamic corridor in the U.S.!
Keynote Speaker: Critically Acclaimed Global Urban Studies Thought-Leader and "America's Uber-Geographer" by the New York Times - Mr. Joel Kotkin
Panel Presentation: "Deal of the Year" - [Project Endurance] Amazon.com, Inc. - Fulfillment Center (video link available here: https://vimeo.com/165896341)
Mercer Capital's Value Focus: Real Estate Industry | Q4 2015 | Segment Focus:...Mercer Capital
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes a macroeconomic trends, industry trends, and guideline public company metrics.
The document provides an overview of the December 2020 Arizona housing market. It includes various data points and metrics on housing demand, prices, inventory, mortgage rates, and forecasts for 2021. Experts are quoted discussing topics like the strong price growth, low inventory levels, and factors that suggest the current market conditions differ from the 2006 housing bubble. The resources section lists sources for further details on the data discussed.
The document provides an overview of the current state of the US housing market. It shows that while existing home sales have declined slightly in recent years, non-distressed sales are actually higher than a year ago. Mortgage rates remain low by historical standards but are projected to rise gradually. Millennials and Baby Boomers are optimistic about homeownership, with many planning to purchase or move in the next few years. Overall, housing demand appears strong despite some lingering concerns over higher future rates.
Demand for residential real estate in the GTA remains strong due to population growth, while provincial policies aim to increase housing density and limit urban expansion; while low interest rates have supported demand, rates are expected to rise in the coming years which could slow demand growth, particularly for low-rise housing; in the near term, high-rise development is expected to continue increasing to meet demand, but preferences may gradually shift more toward low-rise housing long term.
Similar to Apartment Market Predictions: A Look at 2014 and Beyond (20)
State of the Real Estate Market Roundtable: Industry Experts Discuss Current ...AppFolio
Between suppressed deals leading to a build-up of capital, imbalanced buyer and seller expectations, and a potential influx of forced sellers, the real estate market has faced many ups and downs in the past year. Interested in seeing how you can overcome headwinds and capitalize on emerging opportunities? Join us for an exciting panel discussion with top syndicators and fund managers who will share their candid views on the current state of the market and the tactics and tools they are using to stay ahead.
How Investors View Investment Management Companies: A Deep Dive into Real Est...AppFolio
Ever wonder how investors feel about investment management companies?
Join us for the highly anticipated third educational session of our series, where we will unveil the game-changing insights from our 2023 AppFolio Real Estate Investor Report, which surveyed over 100 investors.
In this session, you’ll gain a deep understanding of how investors perceive investment management companies according to the latest data. This invaluable knowledge will empower you to identify gaps, address concerns, and proactively meet the evolving needs of your investors. Don't miss out on this opportunity to gain a competitive edge in the market.
What you'll learn:
- Ways investor expectations are shifting and how you can better meet their needs
- What motivates investors and is important when choosing an investment management company
- The types of technology investors expect their management companies to provide
- How likely investors are to trust and recommend their investment manager
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Investor Sentiment and Concerns: A Deep Dive into Real Estate Investor Report...AppFolio
Shifts in the political landscape, interest rates, and economic downturns have shaped investors’ level of uncertainty around the real estate market. Are you prepared to meet their expectations?
Our team at AppFolio interviewed 100+ real estate investors about their strategy, sentiments, concerns, and preferred investment strategies.
In the second part of our newest series, we’ll do a deep dive into the report results and reveal insights to help you build strategies to elevate your relationships with existing investors and gain new ones. You’ll walk away with an understanding of the modern investors’ needs and how your investment management company can provide the best LP experience in the market.
Decoding AI: A primer for property management leadersAppFolio
Deepen your understanding of the various types of artificial intelligence and how they can be applied to property management, and discover ethical and actionable practices for implementation.
Understanding the Modern Investor: A Deep Dive into Real Estate Investor Repo...AppFolio
Part 1: A Profile of Today’s Investor
Your investors’ needs, values, and goals are changing in response to the market. How are you feeling about your ability to meet their expectations?
Our team at AppFolio interviewed 100+ real estate investors about their strategy, sentiment, tools, and preferred investment strategies.
In the first part of our new series, we’ll do a deep dive into the report results and reveal insights to help you build strategies to elevate your relationships with existing investors and gain new ones. You’ll walk away with an understanding of the modern investors’ needs and how your investment management company can provide the best LP experience in the market.
Join our webinar to learn:
- Top factors investors consider when evaluating assets and investment management companies
- How much investors plan to spend in the near future across investment type
- The average number of properties investors prefer to invest in
- Whether they prefer to invest in local, national, or international properties
Unlock operational efficiency in affordable housing property managementAppFolio
This webinar discussed operational efficiency challenges in affordable housing property management and navigating new HOTMA regulations.
The webinar leaders reviewed recent affordable housing research on top industry challenges, then covered the key aspects of the Housing Opportunity Through Modernization Act (HOTMA) rollout in 2024. They discussed top challenges property managers may face in adopting the new compliance rules and policies.
Finally, they offered tips on how managers can prepare for HOTMA, including staying updated on rules, reviewing policies and procedures, communicating with residents, and attending training. They also discussed how technology can help with HOTMA compliance needs through features like one centralized platform and ease of use.
Key maintenance tactics to eliminate inefficiencies and drive revenueAppFolio
While maintenance is typically seen as an expense, new technology can turn it into a major revenue driver.
In this session, you’ll discover key insights from our recent survey on the top challenges in property management and the maintenance solutions that give your team more time to focus on revenue-driving tasks. Then, you’ll get an exclusive preview of AppFolio Property Manager’s seamless maintenance experience, and see firsthand how centralized, easy-to-use, and smartly automated software reduces costs, enables data-driven decision-making, and creates a better maintenance process for everyone — residents, vendors, and owners alike.
Boost Operational Efficiency through Asset PerformanceAppFolio
When your priority is operational efficiency, the first thing you should do is find ways to control costs. We hear from our clients that a lot of costs are hidden where most don’t tend to look first - your assets, your data, and your back office operations. Bottom line: the best way to drive efficiency is having a better understanding of your existing assets, and automate as much manual tasks as possible.
In this session, see how you can uncover hidden costs and find points of exposure that could put your business at risk. You’ll gain a better understanding of how to unlock data insights, reduce unnecessary capital expenditures, and get an exclusive preview of our asset management solution, AppFolio Alpha™.
Are you ready to map your business’ path to success? Watch the final session of our three-part educational series focused on improving profitability. Daniel Craig, Founder & CEO of ProfitCoach, reveals how to put together a complete property management financial game plan — including the model, the framework, and the ongoing processes needed — to help you hit your goals in 2023.
The third annual 2023 Property Management Industry Pulse report revealed operational efficiency is today’s most pressing property management challenge. See how you can solve for it in your business by joining our upcoming live demo spotlighting AppFolio Property Manager’s full suite of built-in AI capabilities.
In this session, we uncover how our industry-leading AI solutions can help unlock new ways of working, transform your team’s productivity, elevate your business insights, and unlock extraordinary experiences for your communities.
Level Up Your Property and Investment Management Workflows AppFolio
Manually managing accounting transactions, reporting, fundraising, billing, and property data can be a time-consuming and challenging task for your team.
Enable your team to accomplish more with a single source of truth that streamlines your investment and property management workflows.
When you combine AppFolio Investment Manager and AppFolio Property Manager to power your business, you can automate your quarterly processes, access full transparency from properties to investors, and provide a single source of truth for your teams.
AppFolio Investment Manager State of the Market Roundtable May 2023AppFolio
How are top syndicators and fund managers viewing this market, and what tactics are they using to stay ahead?
In this new series by AppFolio Investment Manager, we’re gathering top minds in the industry to discuss the how of the now and have a candid conversation about the current state of the market.
Stories of scale: How two operators efficiently grew their businessesAppFolio
A recent AppFolio survey uncovered that property management companies overwhelmingly see adding units to their portfolio as the greatest opportunity this year. But rapid growth can be just as dizzying as exciting.
Watch this session for a panel discussion with executives from property management companies that have achieved tremendous unit expansion — and profitability. We’ll dive into the goals that they set for themselves, how they achieved such impressive growth in a sustainable way while exceeding customer and employee expectations, and the technology that enabled them to remain transparent and help fuel their rapid growth.
Attract and retain residents with new renter insightsAppFolio
New data reveals that nearly 60% of leases will expire over the next 12 months, and roughly 30% of renters are already searching for a new home. With over 1,000,000 rental units under construction — half of which will open soon — 2023 is shaping up to be a renter's market.
Against this backdrop, attracting and retaining residents is vital. When almost half of renters cite “seeking a better property manager" as a reason to relocate, property management businesses must address residents’ needs.
To learn how, take a deep-dive into key findings from the 2023 AppFolio Property Manager Renter Motivations Report and gain actionable insights for providing standout service that attracts and retains residents.
The document provides an overview of a presentation on using Opiniion, an AppFolio partner, to level up reputation management. Craig Johnson and Jeffrey Juarez-Palma will discuss how Opiniion helps property managers measure and manage the resident experience through automated feedback collection and review generation. This increases knowledge of residents and improves key processes to drive leases, retention, and revenue. The presentation will include industry statistics on the importance of reviews, feedback trends, traditional versus modern approaches, and a demo of Opiniion's resident satisfaction tools.
SMB MM Educational Session_ March 2023.pdfAppFolio
A live demo webinar that dives into our top features and latest enhancements for property management businesses. In this session, we focus on ways you can stay competitive with innovative tools that help boost communications, improve efficiencies, and enhance the customer experience.
James Erickson from AppFolio will present on risks, opportunities, and trends for the property management industry. The presentation will include an introduction, data and findings from AppFolio's surveys of property managers, takeaways, and a question and answer session. Attendees are encouraged to participate via chat. The recording will be made available after the webinar ends.
Calculating and Paying Distributions: How to automate your investor paymentsAppFolio
Without a streamlined, secure way to calculate and process payments, your business and investor relationships are at risk.
In this short demo, our team of experts show how AppFolio Investment Management’s waterfall calculation and distribution features help general partners generate accurate and efficient investor payments, saving them 5 to 16+ hours per quarter.
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[REPLAY] CA September Webinar: Top association management featuresAppFolio
This document contains a presentation by Austin Gibson and Jordan Hoffman of AppFolio given on September 8, 2022 about top association management features. The presentation discusses the importance of customer feedback in AppFolio's product development process and some of their key features including an online portal for communication, payment processing and accounting/reporting. It also includes quotes from customers praising AppFolio's frequent updates and accessibility of information.
The document outlines an event featuring a principal from Dhanani Private Equity Group and an industry principal discussing how to find great deals during economic downturns. The event includes a presentation, panel discussion, and live Q&A where attendees can ask questions. Attendees are also invited to book a free consultation with AppFolio experts.
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyListing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
One of the things that sets Avrupa Konutlari Esentepe apart from other developments is our focus on creating a community that is both comfortable and convenient. Our homes are surrounded by lush green spaces, perfect for enjoying a peaceful stroll or having a picnic with friends and family. Additionally, our complex includes a variety of social and recreational amenities, such as swimming pools, sports fields, and playgrounds, making it easy for residents to stay active and socialize with their neighbors.
https://listingturkey.com/property/avrupa-konutlari-esentepe/
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...knox groups real estate
welcome to knox groups real estate company in Bangalore. best farm land for sale near Bangalore and madhugiri . Managed farmland near Kanakapura and Chickkabalapur get know more details about the projects .Knox groups is a leading real estate company dedicated to helping individuals and businesses navigate the dynamic real estate market. With our extensive knowledge, experience, and commitment to excellence, we deliver exceptional results for our clients. Discover the perfect foundation for your agricultural aspirations with KNOX Groups' prime farm lands. These aren't just plots; they're the fertile grounds where vibrant crops flourish, livestock thrives, and unique agricultural ventures come to life. At KNOX, we go beyond selling land we curate sustainable ecosystems, ensuring that your journey toward agricultural success is seamless and prosperous.
At Geomatrix, we Pride Ourselves on our Commitment to Superior Craftsmanship and client satisfaction. Our team Consists of Highly Qualified specialists including Architects, Engineers, project Managers, and skilled labourers who work seamlessly together to achieve ourclients' Objectives. Geomatrix is recognized as the Best Construction Company in Haldwani, Dedicated to bringing visions to life with unparalleled Expertise and Professionalism.
For more information visit:
https://geomatrix.co.in/
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
If you're Planning to Build a House in Haldwani, Understanding the House Construction Cost in Haldwani is crucial. It's important to grasp the direct and indirect cost factors entailed in the Construction process before Initiating any work. This Understanding is pivotal for Efficient Budget allocation, allowing you to plan your finances more Effectively. Construction expenses can vary Significantly, Influenced by Diverse Elements such as site Location, raw material prices, Labour charges, and various other variables. Here at Geomatrix, we pride Ourselves on offering competitive rates for house construction in Haldwani, ensuring affordability without Compromising on quality and providing the best options within your budget. For a precise evaluation of the cost involved in constructing your dream home, consult our team of architects and construction experts.
For more information visit:
https://geomatrix.co.in/services/real-estate-project-management-in-haldwani/
2. AppFolio
Web-Based Property Management Software
Complete Solution Includes:
• Property management and accounting
• Online rent collection (free)
• Prospect / guest card tracking
• Vacancy Marketing
• Website
• Online applications & lease
• Resident Screening
• Mobile Inspections
So You Run A More Successful Business
3. About Axiometrics Inc.
Smart Data. Smart People. Smart Decisions.
Axiometrics empowers clients—investors, operators and developers—to improve apartment
property and portfolio performance, as well as to identify markets, submarkets and specific sites
for apartment acquisitions and development.
Our solutions—built upon monthly, street-level surveys begin with an evaluation of the
performance of a single property and extend to competitive properties, neighborhoods,
metropolitan areas, regions, portfolios and companies.
When coupled with our forecasts, our solutions enable clients to make smarter, timelier
decisions, whether managing existing apartment investments to risk-adjusted returns over a
specific investment horizon, or identifying new markets for investment.
We also provide clients with an objective, relative comparison of their portfolio’s performance to
industry benchmarks, further enabling opportunistic adjustments to their investments.
Axiometrics is the only multifamily research provider to survey every property in its database at
the floor plan level every month
4. Apartment Market Summary and Outlook
AXIOMETRICS INC.
Stephanie McCleskey, Vice President of Research
14901 Quorum Dr., Suite 600
Dallas, TX 75254
www.axiometrics.com
November 2014
5. Presentation Outline
• Demand Drivers for Apartments
• New Supply
• Current National Apartment Market Performance
• Current Apartment Market Performance
• Forecast
6. Between ages 20 and 64 years old,
which group has the largest
• 35-39
• 40-44
• 45-49
• 50-54
• 55-59
• 60-64
• 20-24
• 25-29
• 30-34
population?
7. Between ages 20 and 64 years old,
which group has the largest
• 35-39
• 40-44
• 45-49
• 50-54
• 55-59
• 60-64
• 20-24
• 25-29
• 30-34
population?
Which is most likely to rent an
apartment?
8. U.S. Population by Age Group
In Millions
Prime renter age group has larger population base than other demographics
24
23
22
21
20
19
18
17
Prime renter age group Baby boomers and empty-nesters
20 to 24 years 25 to 29 years 30 to 34 years 35 to 39 years 40 to 44 years 45 to 49 years 50 to 54 years 55 to 59 years 60 to 64 years
Source: Census
9. Age 30 Population as of Census July 2013
Includes Death, Immigration Etc.
Demographics Will Remain in Favor of Multifamily
Source: Census
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014F
2015F
2016F
2017F
2018F
2019F
2020F
10. 60.0%
55.0%
50.0%
45.0%
40.0%
35.0%
30.0%
25.0%
20.0%
15.0%
10.0%
1996
1997
1998
1999
2000
2001
2002
2003
57.4%
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
47.5%
1Q14
2014F
2015F
2016F
2017F
2018F
2019F
2020F
HO Rate < 25YO HO Rate 25-29 HO Rate 30-34
50.7%
41.8%
33.3%
36.1%
25.7%
21.5%
24.3%
What if Single-Family Improves?
HO Rate for the age group most likely to rent expected to remain subdued
Source: Axiometrics Inc., Census
11. Change in Renter HH from 2010 to 2013
Significant Renter Demand from Baby Boomers and Empty-Nesters
800,000
700,000
600,000
500,000
400,000
300,000
200,000
100,000
0
<=34YO Householder 35
to 44 years
Householder 45
to 54 years
Householder 55
to 59 years
Householder 60
to 64 years
Householder 65
to 74 years
Householder 75
to 84 years
Householder 85
years and over
<=34YO Householder 35 to 44 years Householder 45 to 54 years Householder 55 to 59 years
Householder 60 to 64 years Householder 65 to 74 years Householder 75 to 84 years Householder 85 years and over
Source: Census
12. Effective Rent Growth and Job Growth
Historically, job growth has been the best indicator for the strength of rent
growth. At a national level, the two variables are 86% correlated
8.0%
6.0%
4.0%
2.0%
0.0%
-2.0%
-4.0%
-6.0%
10.0%
8.0%
6.0%
4.0%
2.0%
0.0%
-2.0%
-4.0%
-6.0%
-8.0%
-10.0%
Dallas, TX
Effective Rent Growth Job Growth
1Q97
3Q97
1Q98
3Q98
1Q99
3Q99
1Q00
3Q00
1Q01
3Q01
1Q02
3Q02
1Q03
3Q03
1Q04
3Q04
1Q05
3Q05
1Q06
3Q06
1Q07
3Q07
1Q08
3Q08
1Q09
3Q09
1Q10
3Q10
1Q11
3Q11
1Q12
3Q12
1Q13
3Q13
1Q14
3Q14
Source: Axiometrics Inc., Census
13. Effective Rent Growth and Job Growth
Historically, job growth has been the best indicator for the strength of rent
growth. At a national level, the two variables are 86% correlated
8.0%
6.0%
4.0%
2.0%
0.0%
-2.0%
-4.0%
-6.0%
10.0%
8.0%
6.0%
4.0%
2.0%
0.0%
-2.0%
-4.0%
-6.0%
-8.0%
-10.0%
Dallas, TX
Effective Rent Growth Job Growth
Rent growth outpaced job
growth due to lack of supply
Rent and job growth
are now in balance
as supply delivers to
the market
1Q97
3Q97
1Q98
3Q98
1Q99
3Q99
1Q00
3Q00
1Q01
3Q01
1Q02
3Q02
1Q03
3Q03
1Q04
3Q04
1Q05
3Q05
1Q06
3Q06
1Q07
3Q07
1Q08
3Q08
1Q09
3Q09
1Q10
3Q10
1Q11
3Q11
1Q12
3Q12
1Q13
3Q13
1Q14
3Q14
Source: Axiometrics Inc., Census
14. Job Gain and Job Growth
Current as of September 2014 through forecasted period
MSA
September
Job Gain (000)
September
Job Growth (%)
2015-2020
Forecast (%)
Houston, TX 119.4 4.3% 2.3%
Orlando, FL 39.9 3.7% 2.7%
Dallas, TX 78.0 3.7% 2.4%
Seattle, WA 45.9 3.0% 2.3%
Atlanta, GA 51.9 2.3% 2.2%
Phoenix, AZ 41.2 2.3% 2.7%
New York, NY 104.1 1.9% 1.4%
Los Angeles, CA 73.8 1.8% 1.4%
Boston, MA 45.3 1.8% 1.8%
Chicago, IL 40.1 1.1% 1.4%
National 2,683 2.0% 1.6%
Source: Axiometrics Inc., BLS
15. New supply is being delivered to the
market, but where does it stand
compared to historical levels for
multifamily housing?
Total
Residential Single-family Multifamily
16. New supply is being delivered to the
market, but where does it stand
compared to historical levels for each
Total
housing type?
Residential Single-family Multifamily
17. New supply is being delivered to the
market, but where does it stand
compared to historical levels
Total
multifamily housing?
Residential Single-family Multifamily
18. New supply is being delivered to the
market, but where does it stand
compared to historical levels for
mulitfamily housing housing?
Total
Residential Single-family Multifamily
19. National Residential Units Permitted (1Q10-2Q14)
1,200
1,000
800
600
400
200
-
Total Residential Permits Single-Family Multifamily
Total
Single-Family
Apartments, Condos, Student Housing,
Seniors Housing, Affordable
1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14
Source: Axiometrics Inc., Census
20. National Residential Units Permitted (1Q10-2Q14)
Total Residential Permits Single-Family Multifamily
Source: Axiometrics Inc., Census
2,500
2,000
1,500
1,000
500
-
Total
SF
MF
Supply has increased the past
few years, but is still well below
historic levels
2Q96
4Q96
2Q97
4Q97
2Q98
4Q98
2Q99
4Q99
2Q00
4Q00
2Q01
4Q01
2Q02
4Q02
2Q03
4Q03
2Q04
4Q04
2Q05
4Q05
2Q06
4Q06
2Q07
4Q07
2Q08
4Q08
2Q09
4Q09
2Q10
4Q10
2Q11
4Q11
2Q12
4Q12
2Q13
4Q13
2Q14
21. U.S. Apartment New Supply: 5+ Units
Rational behavior assumption: Once occupancy, rent and job growth start to
decelerate, underwriting will be harder, resulting in slower new supply starting
2016
New Supply LTA Supply Inventory Growth
Current level
Source: Axiometrics Inc., Census
2.0%
1.8%
1.6%
1.4%
1.2%
1.0%
0.8%
0.6%
0.4%
0.2%
0.0%
400,000
350,000
300,000
250,000
200,000
150,000
100,000
50,000
1Q97
3Q97
1Q98
3Q98
1Q99
3Q99
1Q00
3Q00
1Q01
3Q01
1Q02
3Q02
1Q03
3Q03
1Q04
3Q04
1Q05
3Q05
1Q06
3Q06
1Q07
3Q07
1Q08
3Q08
1Q09
3Q09
1Q10
3Q10
1Q11
3Q11
1Q12
3Q12
1Q13
3Q13
1Q14
3Q14
1Q15F
3Q15F
1Q16F
3Q16F
1Q17F
3Q17F
1Q18F
3Q18F
1Q19F
3Q19F
1Q20F
3Q20F
23. Which of these years has been the
strongest for your property or
portfolio?
2010 2011 2012 2013 2014
24. National Year-to-Date Rent Growth
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
2010
2010
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Source: Axiometrics Inc.
25. National Year-to-Date Rent Growth
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
2010 2011
2010
2011
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Source: Axiometrics Inc.
26. National Year-to-Date Rent Growth
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
2010 2011 2012
2010
2011
2012
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Source: Axiometrics Inc.
27. National Year-to-Date Rent Growth
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
2010 2011 2012 2013
2010
2011
2012
2013
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Source: Axiometrics Inc.
28. National Year-to-Date Rent Growth
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
The strongest YTD rent growth post recession has been in 2014
2010 2011 2012 2013 2014
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Source: Axiometrics Inc.
29. Year-to-Date Rent Growth by Market
9.0%
8.0%
7.0%
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
-1.0%
Atlanta
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
8.0%
7.0%
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
-1.0%
Dallas
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
9.0%
8.0%
7.0%
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
-1.0%
-2.0%
New York
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14.0%
12.0%
10.0%
8.0%
6.0%
4.0%
2.0%
0.0%
-2.0%
Denver
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Source: Axiometrics Inc.
30. Performance of Top Ten Major Markets
Northern California markets continue to be a top performer
Effective Rent Growth Occupancy Rate
MSA Sep-12 Sep-13 Sep-14 Sep-12 Sep-13 Sep-14
Oakland, CA 7.2% 9.0% 11.5% 96.6% 96.9% 96.8%
San Jose, CA 8.2% 5.7% 11.0% 95.7% 95.8% 96.4%
Denver, CO 6.7% 6.9% 10.1% 95.3% 95.8% 96.2%
San Francisco, CA 10.5% 7.6% 7.9% 96.2% 96.2% 96.4%
Atlanta, GA 3.3% 5.0% 7.8% 92.5% 93.6% 94.3%
Seattle, WA 5.3% 7.2% 6.7% 95.0% 95.4% 95.5%
Miami, FL 4.2% 3.7% 6.4% 95.9% 96.0% 96.0%
Fort Lauderdale, FL 4.7% 3.0% 6.2% 94.7% 95.0% 95.7%
Phoenix, AZ 2.3% 2.5% 5.8% 93.2% 93.5% 94.1%
Houston, TX 6.7% 5.3% 5.4% 93.2% 94.3% 94.7%
National 3.6% 3.0% 4.3% 94.6% 94.8% 95.1%
Source: Axiometrics Inc.
31. Annual Effective Rent Growth by Rent Tier
National –Properties priced in the middle of the market (blue line) have been
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Top Tier Middle Tier Lower Tier
Source: Axiometrics Inc.
32. Where is the majority of your
portfolio located?
Urban Core Suburbs
33. Where is the majority of your
portfolio located?
Urban Core Suburbs
Where do you think rent growth is
the strongest?
Urban Core Suburbs
36. Rent Growth and New Deliveries -Austin
Dots represent individual properties.
New properties are defined as those
that delivered units between
January 2013 and June 2014. Annual
effective rent growth rates based on
the trailing 12 month average ending
June 2014.
Negative Rent Growth
Source: Axiometrics Inc.
37. Rent Growth and New Deliveries -Austin
Dots represent individual properties.
New properties are defined as those
that delivered units between
January 2013 and June 2014. Annual
effective rent growth rates based on
the trailing 12 month average ending
June 2014.
Negative Rent Growth
Source: Axiometrics Inc.
38. Rent Growth and New Deliveries -Austin
Dots represent individual properties.
New properties are defined as those
that delivered units between
January 2013 and June 2014. Annual
effective rent growth rates based on
the trailing 12 month average ending
June 2014.
Negative Rent Growth
Source: Axiometrics Inc.
> 5% Rent Growth
39. New Deliveries and Rent Growth by Market
Properties experiencing >5% rent growth
Atlanta Denver Dallas/Fort Worth
Dots represent individual properties.
New properties are defined as those
that delivered units between January
2013 and June 2014. Annual effective
rent growth rates based on the trailing
12 month average ending June 2014.
Source: Axiometrics Inc.
40. Rent Growth Forecast
Major markets will perform as well or better than the national average, and will
outperform their long-term average due to strong demand
Metro
Annual Rent Growth Forecast
Average 2015-2020
Difference from Long-Term
Average
Atlanta-Sandy Springs-Marietta, GA 3.3% 2.7%
Austin-Round Rock, TX 3.6% 2.2%
Chicago-Naperville-Joliet, IL 3.6% 1.7%
Dallas-Plano-Irving, TX 3.6% 2.3%
Denver-Aurora, CO 3.7% 1.4%
Houston-Baytown-Sugar Land, TX 3.8% 1.9%
Los Angeles-Long Beach-Glendale, CA 3.8% 0.4%
Miami-Miami Beach-Kendall, FL 3.6% 0.3%
New York-Wayne-White Plains, NY-NJ 3.4% 0.4%
Phoenix-Mesa-Scottsdale, AZ 3.5% 2.5%
San Francisco-San Mateo-Redwood City, CA 4.0% 0.2%
San Jose-Sunnyvale-Santa Clara, CA 4.2% 1.3%
Seattle-Bellevue-Everett, WA 3.8% 0.9%
National Average 3.3% 1.3%
Source: Axiometrics Inc.
41. Apartment Market Summary
• Apartment performance in 2014 is exceeding expectations.
• Supply is not having a major impact at the macro level.
• Suburbs and properties with affordable price points are outperforming
• Rent growth and occupancy will moderate in the short term, but the apartment
market will remain strong due to limited availability, demographics, steady job
growth and total residential supply remaining in check