This document summarizes an apartment association presentation on Houston apartment market trends. It discusses five categories of apartment properties in Harris County totaling over 591,000 units. Apartments are classified from Class A to E based on amenities, condition, and design. The document outlines adjustments being made to HCAD's 2010 income models based on declining rents, occupancies and increasing concessions. It also notes a decline in new apartment construction activity and increasing capitalization rates reflecting the difficult market. Overall, the Houston apartment market is expected to remain slow during the first two quarters of 2010 as the local economy recovers.
The document discusses how property values and tax bills in Yavapai County, Arizona are affected by changes in the housing market. It explains that the 2010 value notices, while referred to as the 2010 value, actually represent the market value as of January 1, 2009. It provides an example of how declining property values from 2009 to 2010 resulted in a 17% decrease in the full cash value of a typical home. However, it notes that changes in property value do not necessarily cause direct changes in tax bills due to Arizona's tax system.
This document provides an overview and outline of topics covered in Chapter 6 on funding the public sector, including:
1) Governments have three main sources of funding: taxes, fees, and borrowing. There is a limit to government spending based on tax revenues.
2) The chapter discusses different tax systems and the most important federal taxes like income tax, corporate tax, and payroll taxes. It also examines how tax rates impact tax revenues.
3) Setting tax rates involves considering both static analyses, which assume tax bases remain fixed, and dynamic analyses, which recognize higher rates may reduce tax bases and eventually tax revenues.
Images of the beautiful Playa Macenas Beach & Golf Resort situated near the Natural Park of Cabo de Gata-Níjar, in the South-East of Spain. The slide presentation is of Apartment 51.2, on weekly rental under request.
The document discusses investment opportunities in multi-family apartment properties in Central Ohio. It provides details on a real estate investment and development company that has built over 40,000 multi-family units. It then discusses why now is a good time to invest in multi-family properties, citing low interest rates and increased demand for rental properties. Finally, it provides case studies on the financial performance of existing apartment complexes.
The lesson An Overview of the Best Practices Brokering Apartment Buildings discusses the ideal way to list and sell small and medium apartment buildings. The lesson gives insight into what it takes to be successful and sustain a significant income in apartment brokerage. Techniques discussed include: how to generate leads, how to qualify sellers, making a strong proposal, how to market apartments, methods to use when representing buyers and resources that are available to the apartment broker. The lesson is ideal for any real estate professional already involved in the commercial marketplace and the beginner alike.
The document provides details about a business proposal submitted by a group of students to their lecturer. The proposal outlines the company's mission and vision which is to provide high quality security services and products through well-trained personnel. It discusses Porter's five forces model, SWOT analysis, generic strategies and corporate strategies. It elaborates operational and long term plans with Gantt charts and break even analysis. The proposal also covers topics like motivation, departmentalization, chain of command, leadership style and control mechanisms for the organization.
This design proposal document summarizes Fiona Phoebe Ku Mun Yoke's year one interior design project for a client named Yurniati. The document includes floor plans mapping the home's layout and family members' routes. It also lists design requirements such as accommodating Yurniati's pink and modern tastes as well as her brother's need for a bedroom. Rendered perspectives show Fiona's proposed designs for the living room, kitchen, bedrooms and more which incorporate the client's preferences for wood and nature.
The document discusses how property values and tax bills in Yavapai County, Arizona are affected by changes in the housing market. It explains that the 2010 value notices, while referred to as the 2010 value, actually represent the market value as of January 1, 2009. It provides an example of how declining property values from 2009 to 2010 resulted in a 17% decrease in the full cash value of a typical home. However, it notes that changes in property value do not necessarily cause direct changes in tax bills due to Arizona's tax system.
This document provides an overview and outline of topics covered in Chapter 6 on funding the public sector, including:
1) Governments have three main sources of funding: taxes, fees, and borrowing. There is a limit to government spending based on tax revenues.
2) The chapter discusses different tax systems and the most important federal taxes like income tax, corporate tax, and payroll taxes. It also examines how tax rates impact tax revenues.
3) Setting tax rates involves considering both static analyses, which assume tax bases remain fixed, and dynamic analyses, which recognize higher rates may reduce tax bases and eventually tax revenues.
Images of the beautiful Playa Macenas Beach & Golf Resort situated near the Natural Park of Cabo de Gata-Níjar, in the South-East of Spain. The slide presentation is of Apartment 51.2, on weekly rental under request.
The document discusses investment opportunities in multi-family apartment properties in Central Ohio. It provides details on a real estate investment and development company that has built over 40,000 multi-family units. It then discusses why now is a good time to invest in multi-family properties, citing low interest rates and increased demand for rental properties. Finally, it provides case studies on the financial performance of existing apartment complexes.
The lesson An Overview of the Best Practices Brokering Apartment Buildings discusses the ideal way to list and sell small and medium apartment buildings. The lesson gives insight into what it takes to be successful and sustain a significant income in apartment brokerage. Techniques discussed include: how to generate leads, how to qualify sellers, making a strong proposal, how to market apartments, methods to use when representing buyers and resources that are available to the apartment broker. The lesson is ideal for any real estate professional already involved in the commercial marketplace and the beginner alike.
The document provides details about a business proposal submitted by a group of students to their lecturer. The proposal outlines the company's mission and vision which is to provide high quality security services and products through well-trained personnel. It discusses Porter's five forces model, SWOT analysis, generic strategies and corporate strategies. It elaborates operational and long term plans with Gantt charts and break even analysis. The proposal also covers topics like motivation, departmentalization, chain of command, leadership style and control mechanisms for the organization.
This design proposal document summarizes Fiona Phoebe Ku Mun Yoke's year one interior design project for a client named Yurniati. The document includes floor plans mapping the home's layout and family members' routes. It also lists design requirements such as accommodating Yurniati's pink and modern tastes as well as her brother's need for a bedroom. Rendered perspectives show Fiona's proposed designs for the living room, kitchen, bedrooms and more which incorporate the client's preferences for wood and nature.
TRREB reported 4,581 home sales in January 2020 – up by 15.4 per cent compared to January 2019 and up by 4.8 per cent compared to December 2019.
“Steady population growth, low unemployment and low borrowing costs continued to underpin substantial competition between buyers in all major market segments,” said TRREB President Michael Collins.
The average selling price in January was up by 12.3 per cent, driven by the detached houses & condominium apartments.
Weichert, Princeton January Market Recap & ForecastWeichert Realtors
Want your Phd in Princeton area real estate? Have a look at some of the most detailed data on the Mercer, Middlesex and Somerset County real estate markets. Whether you are buying or selling this will give you insight into both.
TREB's MARKET WATCH FEBRUARY 2019 REPORTShawn Venasse
March 5, 2019 -- Toronto Real Estate Board President Gurcharan (Garry) Bhaura announced that Greater Toronto Area REALTORS® reported 5,025 homes sold through TREB's MLS® System in February 2019. This sales total was down by 2.4 per cent on a year-over-year basis. Sales were also down compared to January 2019 following preliminary seasonal adjustment.
The Austin office market remains fast, competitive, and expensive. Vacancy increased slightly in Q2 2018 while absorption decreased. Rental rates are trending upward, especially in the CBD and Eastside, due to high demand and rising construction costs. Several large leases were signed during the quarter, and more large deals are anticipated as new developments deliver space over the next two years.
Tech companies continue to drive growth in Austin's tight office market. Net absorption was 528,811 SF in Q2 2019 despite increasing vacancy. Rents rose to $35.74/SF citywide with several submarkets exceeding $50/SF. New supply is under construction but largely pre-leased, indicating demand will remain strong through 2020 barring economic slowdowns.
HAR 2010 Chair Margie Dorrance spoke at the Lone Star CRS Holiday Education Luncheon about the greater Houston real estate market, what HAR has done in the past year and where we are headed.
Pending home sales nationally increased 2% in January to the highest level since 2010, driven by more favorable housing market conditions. The pending home sales index rose to 97.0 from a revised 95.1 in December. Compared to January 2011, pending home sales were up 8%. While contracts were up, the percentage of real estate agents reporting canceled sales remained around 33%. The NAR chief economist expects continued sales gains in 2012 bringing broad home price stabilization or modest growth nationally.
The document summarizes real estate market statistics and trends in Houston for October 2011. Key points include:
- October 2011 home sales in Houston rose 9.1% year-over-year across all price segments.
- The average home price rose 1.1% to $208,506, the highest October level.
- Mortgage rates fell below 4% for the second time in two months.
- Pending home sales increased 8.5% compared to the previous year, while new listings decreased 12.6%.
TREB RELEASES CONDO MARKET FIGURES AS REPORTED BY GTA REALTORS®
TORONTO, January 28, 2018 -- Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 5,191 condominium apartment sales through TREB's MLS® System in the fourth quarter of 2018. This result was down by 9.9 per cent compared to the last three months of 2017.
New condominium apartment listings entered into TREB's MLS® System were down by more than sales on a year-over-year basis – dropping 11.2 per cent from 8,186 in Q4 2017 to 7,272 in Q4 2018. This points to tighter market conditions at the end of 2018 compared to year-end 2017.
"The condominium apartment segment was the best-performing segment in terms of annual average rates of price growth in 2018. Condos represent a relatively affordable housing option. With a substantial decrease in listings in 2018, competition between intending buyers remained strong. This supported average price growth well-above the rate of inflation and annual rates of price growth reported for other ground-oriented home types," said Mr. Bhaura.
The average price of a condominium apartment increased by 8.3 per cent from $516,086 in Q4 2017 to $558,728 in Q4 2018. Year-over-year price growth in the City of Toronto, which accounted for 72 per cent of transactions, was slightly higher at 8.9 per cent resulting in an average price of $598,664.
"The condominium apartment segment continued to be a key entry point into the GTA home ownership market in 2018. Higher mortgage qualification standards meant that many first-time buyers were looking for more affordable housing options. Moving forward, the concern is that a continued lack of listings supply, despite relatively strong new condo completions as of late, will hamper the ability of potential home buyers to meet their housing needs," said Jason Mercer, TREB's Director of Market Analysis.
The document discusses demand and supply factors that affect real estate prices in Chennai, India. It explains:
1) The law of demand and supply - as price increases, demand decreases and supply increases. Real estate demand depends on factors like income, price, availability of credit, and preferences.
2) Supply of real estate depends on price, availability of land, builders, credit access, and labor. The supply curve slopes upward as quantity supplied increases with price.
3) Major demand factors that can increase real estate prices include location, amenities, infrastructure, commercial development, income, land availability, affordability, property structure, and customization. Supply factors like limited available properties can also increase prices.
Austin's office market finished 2017 strongly, with Q4 net absorption of 319,028 SF bringing total 2017 absorption to 886,556 SF. Vacancy decreased to 11.5% as demand remained high, especially in the North/Domain submarket. Rental rates increased slightly citywide to $34.92/SF and more significantly in the CBD, where Class A rates rose to $50.97/SF. With limited new supply coming online, the tight market is expected to continue into 2018.
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.
The document summarizes trends in the US apartment market in 2009. It finds that the market diverged into two camps based on long-term investment value versus short-term transactional value. Fundamentals remained solid, but debt markets were challenging and investors were cautious. It predicts that multi-family capital markets will remain difficult in 2009 with low transaction volumes and rising cap rates, especially for lower quality properties.
Effect of internet on real estate marketsNits Kedia
This document summarizes an economics honors thesis presented by Gabriel Lepine that examines the effect of Craig's List on real estate market outcomes using data from 2000-2005. The thesis finds that Craig's List shifted housing tenure away from owner-occupied and toward renter-occupied units by an estimated 0.77% by reducing search and transaction costs. It also decreased average gross rent by $12 while modestly increasing the median value of owner-occupied homes. The results show how an internet-based intermediary like Craig's List can improve market efficiency in the real estate sector.
Charles Wurtzebach presented on trends in commercial real estate for 2017. He discussed three main factors that will influence the industry: 1) advances in technology that have improved data and analytics, 2) potential legislative and regulatory changes under the new Trump administration, and 3) expected increases in interest rates that will impact capital markets and required investment returns. Some specific impacts mentioned include increased competition from new investors, changes in demand from office and multifamily sectors, and challenges around oversupply and maintaining pricing discipline.
Arbor Single Family Rentals Report 2020 Q1Ivan Kaufman
Unsurprisingly, COVID-19 is the unavoidable and overarching theme across all areas of commercial real estate - the singe family rental (SFR) sector is no exception.
This document summarizes the multi-residential rental market in Halifax, Nova Scotia. It finds that Halifax remains predominantly a rental market compared to other major Canadian cities. While condo development has increased, rental demand remains strong. The cost of renting an apartment in Halifax is approximately 20% lower than the cost of owning a condo when considering taxes and other ownership costs. Regular annual increases in operating costs and necessary repairs put downward pressure on property values over time unless rental rates are also increased annually to maintain revenues and asset values. The summary demonstrates how a small annual increase in rent of one cent per square foot can significantly increase revenues, net operating income, and property values over a 5 year period compared to keeping rents flat.
May MLS sales statistics were released on Tuesday. Key findings included:
- May sales of single-family homes soared 23.8% year-over-year, marking the 12th consecutive month of sales growth.
- Sales volume was the highest since June 2008.
- Average and median home prices set new records, up 8.5% and 7.1% respectively.
- Months of inventory fell to 5.5 months, the lowest level in over 5 years.
HAA had the Montgomery County Fire Marshal come speak to a group of area managers & assistant managers about what he looks for in fire inspections, manual fire alarm system requirements, as well as fire extinguisher options.
TRREB reported 4,581 home sales in January 2020 – up by 15.4 per cent compared to January 2019 and up by 4.8 per cent compared to December 2019.
“Steady population growth, low unemployment and low borrowing costs continued to underpin substantial competition between buyers in all major market segments,” said TRREB President Michael Collins.
The average selling price in January was up by 12.3 per cent, driven by the detached houses & condominium apartments.
Weichert, Princeton January Market Recap & ForecastWeichert Realtors
Want your Phd in Princeton area real estate? Have a look at some of the most detailed data on the Mercer, Middlesex and Somerset County real estate markets. Whether you are buying or selling this will give you insight into both.
TREB's MARKET WATCH FEBRUARY 2019 REPORTShawn Venasse
March 5, 2019 -- Toronto Real Estate Board President Gurcharan (Garry) Bhaura announced that Greater Toronto Area REALTORS® reported 5,025 homes sold through TREB's MLS® System in February 2019. This sales total was down by 2.4 per cent on a year-over-year basis. Sales were also down compared to January 2019 following preliminary seasonal adjustment.
The Austin office market remains fast, competitive, and expensive. Vacancy increased slightly in Q2 2018 while absorption decreased. Rental rates are trending upward, especially in the CBD and Eastside, due to high demand and rising construction costs. Several large leases were signed during the quarter, and more large deals are anticipated as new developments deliver space over the next two years.
Tech companies continue to drive growth in Austin's tight office market. Net absorption was 528,811 SF in Q2 2019 despite increasing vacancy. Rents rose to $35.74/SF citywide with several submarkets exceeding $50/SF. New supply is under construction but largely pre-leased, indicating demand will remain strong through 2020 barring economic slowdowns.
HAR 2010 Chair Margie Dorrance spoke at the Lone Star CRS Holiday Education Luncheon about the greater Houston real estate market, what HAR has done in the past year and where we are headed.
Pending home sales nationally increased 2% in January to the highest level since 2010, driven by more favorable housing market conditions. The pending home sales index rose to 97.0 from a revised 95.1 in December. Compared to January 2011, pending home sales were up 8%. While contracts were up, the percentage of real estate agents reporting canceled sales remained around 33%. The NAR chief economist expects continued sales gains in 2012 bringing broad home price stabilization or modest growth nationally.
The document summarizes real estate market statistics and trends in Houston for October 2011. Key points include:
- October 2011 home sales in Houston rose 9.1% year-over-year across all price segments.
- The average home price rose 1.1% to $208,506, the highest October level.
- Mortgage rates fell below 4% for the second time in two months.
- Pending home sales increased 8.5% compared to the previous year, while new listings decreased 12.6%.
TREB RELEASES CONDO MARKET FIGURES AS REPORTED BY GTA REALTORS®
TORONTO, January 28, 2018 -- Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 5,191 condominium apartment sales through TREB's MLS® System in the fourth quarter of 2018. This result was down by 9.9 per cent compared to the last three months of 2017.
New condominium apartment listings entered into TREB's MLS® System were down by more than sales on a year-over-year basis – dropping 11.2 per cent from 8,186 in Q4 2017 to 7,272 in Q4 2018. This points to tighter market conditions at the end of 2018 compared to year-end 2017.
"The condominium apartment segment was the best-performing segment in terms of annual average rates of price growth in 2018. Condos represent a relatively affordable housing option. With a substantial decrease in listings in 2018, competition between intending buyers remained strong. This supported average price growth well-above the rate of inflation and annual rates of price growth reported for other ground-oriented home types," said Mr. Bhaura.
The average price of a condominium apartment increased by 8.3 per cent from $516,086 in Q4 2017 to $558,728 in Q4 2018. Year-over-year price growth in the City of Toronto, which accounted for 72 per cent of transactions, was slightly higher at 8.9 per cent resulting in an average price of $598,664.
"The condominium apartment segment continued to be a key entry point into the GTA home ownership market in 2018. Higher mortgage qualification standards meant that many first-time buyers were looking for more affordable housing options. Moving forward, the concern is that a continued lack of listings supply, despite relatively strong new condo completions as of late, will hamper the ability of potential home buyers to meet their housing needs," said Jason Mercer, TREB's Director of Market Analysis.
The document discusses demand and supply factors that affect real estate prices in Chennai, India. It explains:
1) The law of demand and supply - as price increases, demand decreases and supply increases. Real estate demand depends on factors like income, price, availability of credit, and preferences.
2) Supply of real estate depends on price, availability of land, builders, credit access, and labor. The supply curve slopes upward as quantity supplied increases with price.
3) Major demand factors that can increase real estate prices include location, amenities, infrastructure, commercial development, income, land availability, affordability, property structure, and customization. Supply factors like limited available properties can also increase prices.
Austin's office market finished 2017 strongly, with Q4 net absorption of 319,028 SF bringing total 2017 absorption to 886,556 SF. Vacancy decreased to 11.5% as demand remained high, especially in the North/Domain submarket. Rental rates increased slightly citywide to $34.92/SF and more significantly in the CBD, where Class A rates rose to $50.97/SF. With limited new supply coming online, the tight market is expected to continue into 2018.
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.
The document summarizes trends in the US apartment market in 2009. It finds that the market diverged into two camps based on long-term investment value versus short-term transactional value. Fundamentals remained solid, but debt markets were challenging and investors were cautious. It predicts that multi-family capital markets will remain difficult in 2009 with low transaction volumes and rising cap rates, especially for lower quality properties.
Effect of internet on real estate marketsNits Kedia
This document summarizes an economics honors thesis presented by Gabriel Lepine that examines the effect of Craig's List on real estate market outcomes using data from 2000-2005. The thesis finds that Craig's List shifted housing tenure away from owner-occupied and toward renter-occupied units by an estimated 0.77% by reducing search and transaction costs. It also decreased average gross rent by $12 while modestly increasing the median value of owner-occupied homes. The results show how an internet-based intermediary like Craig's List can improve market efficiency in the real estate sector.
Charles Wurtzebach presented on trends in commercial real estate for 2017. He discussed three main factors that will influence the industry: 1) advances in technology that have improved data and analytics, 2) potential legislative and regulatory changes under the new Trump administration, and 3) expected increases in interest rates that will impact capital markets and required investment returns. Some specific impacts mentioned include increased competition from new investors, changes in demand from office and multifamily sectors, and challenges around oversupply and maintaining pricing discipline.
Arbor Single Family Rentals Report 2020 Q1Ivan Kaufman
Unsurprisingly, COVID-19 is the unavoidable and overarching theme across all areas of commercial real estate - the singe family rental (SFR) sector is no exception.
This document summarizes the multi-residential rental market in Halifax, Nova Scotia. It finds that Halifax remains predominantly a rental market compared to other major Canadian cities. While condo development has increased, rental demand remains strong. The cost of renting an apartment in Halifax is approximately 20% lower than the cost of owning a condo when considering taxes and other ownership costs. Regular annual increases in operating costs and necessary repairs put downward pressure on property values over time unless rental rates are also increased annually to maintain revenues and asset values. The summary demonstrates how a small annual increase in rent of one cent per square foot can significantly increase revenues, net operating income, and property values over a 5 year period compared to keeping rents flat.
May MLS sales statistics were released on Tuesday. Key findings included:
- May sales of single-family homes soared 23.8% year-over-year, marking the 12th consecutive month of sales growth.
- Sales volume was the highest since June 2008.
- Average and median home prices set new records, up 8.5% and 7.1% respectively.
- Months of inventory fell to 5.5 months, the lowest level in over 5 years.
Similar to Harris County Appraisal District Presentation (20)
HAA had the Montgomery County Fire Marshal come speak to a group of area managers & assistant managers about what he looks for in fire inspections, manual fire alarm system requirements, as well as fire extinguisher options.
The document summarizes events and volunteer opportunities for the Houston Apartment Association (HAA) in August 2011. It lists three educational events on August 5th, 9th and 10th and describes various volunteer committee opportunities to get involved in the HAA community. It encourages joining the HAA Facebook group and supports the HAA JobLine to help fund education programs.
The document summarizes events and volunteer opportunities for the Houston Apartment Association (HAA) in August 2011. It lists three educational events on August 5th, 9th and 10th and describes various volunteer committee opportunities to get involved in the HAA community. It encourages joining the HAA Facebook group and supports the HAA JobLine to help fund education programs.
The Houston Apartment Association is an advocacy group and resource for rental housing providers in Houston. It provides information on upcoming events in July, including a board meeting on July 27th and a school supply drive on July 28th. It also lists various volunteer opportunities on committees and for writing articles. The document encourages joining the HAA Facebook group to stay updated on industry news and events, and advertising job openings on the HAA website to support the education programs it provides.
Aimee Arrington will present on using Twitter for business and how the Houston Apartment Association uses it. The presentation will cover what Twitter is, whether it is worth the time investment, and how to use it effectively. It will provide examples of industry tweets and how HAA uses Twitter to promote events, communicate with members and professionals, educate the public, and build relationships with reporters and officials. Hands-on help will be offered to create accounts and get started on Twitter.
The document provides an overview and timeline of the 2010 Census process. It discusses that the Census is currently in the Non-Response Follow Up phase, where Census workers visit households that did not return their questionnaire to conduct interviews. It outlines that this phase runs from May 1 to July 10, 2010. It also notes that local Census offices will close between September and October 2010, and that most detailed Census data will be released to communities by March 2011.
The document provides an overview and timeline of the 2010 Census process. It discusses that the Census is currently in the Non-Response Follow Up phase, where Census workers will visit households that did not return their questionnaire from May 1 to July 10. It outlines what Census workers will do, including making up to six attempts to contact households and leaving note cards. It advises households to cooperate with Census workers and outlines how to identify legitimate Census workers. It concludes by noting that local Census offices will close in September/October and that most detailed Census data will be released by March 2011.
The document provides an overview of the Methods and Assistance Program (MAP) Reviews conducted by the Texas Comptroller of Public Accounts' Property Tax Assistance Division (PTAD). The MAP Reviews evaluate appraisal districts for compliance with standards, procedures, and methodology. The reviews are mandated by state law to occur at least once every two years. The reviews assess mandatory requirements and other scored areas to evaluate appraisal districts, with recommendations provided for any non-compliance. Results are reported to stakeholders, with the goal of ensuring compliance with appraisal standards.
A presentation given to the Westchase District's Apartment Managers Group on Tuesday, November 10, 2009, at Grace Presbyterian Church. The slide show covers the Houston Apartment Association's involvement on various social media platforms as well as a quick overview of those platforms.
The video link may not work correctly as embedded in this version of the file. Here is the link to the YouTube video http://www.youtube.com/watch?v=D08URtovG5s
Kumar Codename Fireworks at Hadapsar Link Road, Pune - PDF.pdfmonikasharma630
Codename Fireworks developed by Kumar Properties is a new residential development that offers 2/3 BHK premium residences with easy access to proposed ring road, airport, metro station.
For More Details:
Visit Here: kumar.developerprojects.com
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.
Living in an UBER World - June '24 Sales MeetingTom Blefko
June 2024 Lancaster County Sales Meeting for Berkshire Hathaway HomeServices Homesale Realty covering the following topics: 1. VA Suspends Buyer Agent Payment Plan (article), 2. Frequently Used Terms in title, 3. Zillow Showcase Overview, 4. QuickBuy commission promotion, 5. Documenting Cooperative Compensation, 6. NAR's Code of Ethics - Mass Media Solicitations, 7. Is it really cheaper to rent? 8. Do's and Don't's when Terminating the Agreement of Sale, 9. Living in an UBER World
Stark Builders: Where Quality Meets Craftsmanship!shuilykhatunnil
At Stark Builders our vision is to redefine the renovation experience by combining both stunning design and high quality construction skills. We believe that by delivering both these key aspects together we are able to achieve incredible results for our clients and ensure every project reflects their vision and enhances their lifestyle.
Although we are not all related by blood we have created a team of highly professional and hardworking individuals who share the common goal of delivering beautiful and functional renovated spaces. Our tight nit team are able to work together in a way where we pour our passion into each and every project as we have a love for what we do. Building is our life.
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/
Anilesh Ahuja Pioneering a Paradigm Shift in Real Estate Success.pptxneilahuja668
Anilesh Ahuja journey is a testament to the power of vision, resilience, and unwavering determination. As a visionary leader, he continues to inspire and empower others to dream big and challenge the status quo. His legacy extends far beyond the realm of real estate, leaving an indelible mark on the industry and the world at large.
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.
1. Houston Apartment Association Presentation Commercial Property Division Bobby Larry RPA, CAE Division Director Jim Robinson, Chief Appraiser
2. Land Use Codes Definitions Units Stories Properties Units 4209 Apartment Structure 4-20 3,308 36,556 4211 Apartment Garden Style 1-3 2,275 461,686 4212 Apartment High Rise 4 or more 108 18,809 4221 Apartment Subsidized Housing 279 30,209 4222 Apartment Tax Credit (LIHTC) 209 43,889 Within Harris County, there are a total of 6,179 apartment properties, consisting of 591,149 units, classified as State Class Code B1. HCAD has defined five (5) distinct apartment types that are categorized based on size, type, and use. APARTMENT TYPES Jim Robinson, Chief Appraiser
3. Apartment structures are categorized into five (5) building classes. The building classification system was implemented based on rent levels, age, amenities, physical condition, and functional design of the project. The building classes vary from Class “A “ to Class “E”. The Class “E” building classification is utilized exclusively for apartments valued based on the costapproach, which are typically new apartments; older properties in which the current use is no longer the highest and best use, and properties with unique features that do not correspond with the other classifications. Properties with twenty (20) units or less, also referred to as Land Use Code 4209, are also valued using the cost approach method. HCAD’S cost model is based on information received from Marshall & Swift and AIA documentation ascertained during the appeals process. Jim Robinson, Chief Appraiser
23. Maid ServiceAge Range No limit on high-rise Typically 1983 to present on low to mid-rise styles GENERAL GUIDELINES FOR APARTMENT BUILDINGS CLASS “A” Jim Robinson, Chief Appraiser
44. HCAD delineates Harris County into twenty-eight (28) geographical economic areas. These areas allow us to view market trends and income information based on its location within the county. Apartment Data Services (ADS) uses similar economic boundaries. Jim Robinson, Chief Appraiser
45. TYPE SIZE Efficiency Less than 550 sq. ft. 1 Bedroom 550 – 820 sq. ft. 2 Bedrooms 821 – 1100 sq. ft. 3 Bedrooms 1101 – 1500 sq. ft. and over In apartment valuation, HCAD takes into consideration the average unit size and the total number of bedrooms. This chart below is published by ADS. HCAD also follows these guidelines. Several vendors are utilized to assist in accurate property valuation. To develop income models, information is gathered from various sources which include Apartment Data Services (ADS), REIS Services, Korpacz Investor’s Survey, actual income and expense statements ascertained during the appeals process, as well as other vendors that provide economic information. Jim Robinson, Chief Appraiser
48. The appropriate market rents are applied after determining the proper economic area and class. HCAD’s income model takes into consideration whether concessions are given, the stabilized occupancy, and ancillary income if applicable. When this calculation is completed, it generates an effective gross income. The next step is a deduction of market expenses. The income model separates market expenses into the categories of fixed expenses; which include property insurance, and variable expenses; which include but are not limited to payroll, utilities, repairs and maintenance, and marketing. The model then accounts for management fees, franchise taxes, and reserves for replacements. After all of these factors have been considered, the net operating income remains. HCAD’s model utilizes a loaded capitalization rate that uses a component for the effective tax rate. At the conclusion of the appeals process, the income and expense statements received are keyed into the database to be used for future analysis and valuation. This information is vital because of the constant changes in the local market. We are then able to generate reports to analyze market trends for each area, type and class. This allows us to easily determine rental rates and market expenses. HCAD receives the best and most current information available from various sources. This information allows us to accurately place a market value on each property as of January 1 of any given year, according to the State Property Tax Code and USPAP standards. Jim Robinson, Chief Appraiser
50. Inpreparation for the 2010 tax year and analyzing current market trends, HCAD has recognized a further decline in occupancies and rental rates in the fourth quarter of 2009. This is due to a combination of factors. First, financial markets have frozen across the country, making it difficult to obtain loans to purchase or refinance apartments. Secondly, lenders are requiring a substantially larger equity portion upfront from the investors. Also, the lack of financing and a decrease in demand for apartments have contributed to a decline in new apartment construction locally. Many projects have been put on hold or scaled back. Although Harris County has witnessed an economic downturn, it still remains relatively stable in comparison to the national level. Per the Real Estate Center at Texas A & M University, from December 2008 and December 2009 the statewide unemployment rate increased from 5.7% to 8.0%. Locally, the Houston area witnessed an increase of 3.5%, leaving Houston’s unemployment rate 8.3% during the same time frame. The construction sector witnessed the highest loss of jobs at a rate of 15.4%, or 99,500 total jobs. Although Houston is experiencing record unemployment rates, it still has not seen the vast amount of job losses the nation is witnessing. Per Texas A & M, the U. S. unemployment rate rose from 7.4% in December 2008 to 10% in December 2009. Many local economists anticipate seeing an improvement in employment rates beginning mid-2010, and reaching near normal levels in 2011. Jim Robinson, Chief Appraiser
51. Houston’s economy relies heavily on international trade. The Houston job market is dominated by oilfield service companies, and companies that provide support service for this industry. For Houston to replenish jobs, the international trade level must first be revived. With some foreign countries witnessing economic growth in late 2009, as well as gains in imports and exports, Houston is expected to regain a portion of the jobs lost in this field. As Houston’s employment rates begin to upswing around the middle of 2010, it is expected to see increases in population. This influx of population will increase demand for apartments. The apartment market may well be one of the first segments to rise from the economic downturn. As these influences work through the local economy, apartment demand is expected to rise. Jim Robinson, Chief Appraiser
52. Rental Rates During the third and fourth quarters of 2009 rental rates fell as apartment occupancies dropped. Most communities are now forced to offer free rent or other concessions to maximize occupancy. Per Apartment Data Services (ADS), 67% of apartment communities are now offering concessions. Consequently, Class “A” apartments are providing the largest concessions of 10.2%. Of the 41 sub-markets analyzed by ADS, only 4 have had a rental rate increase in the fourth quarter of 2009. The Northwestern region had the largest increase at 25.9%, having a current rental rate of 89.4 cents per square foot. The remaining submarkets saw declines, ranging from a very slight decrease to double digits. Throughout the metro area, ADS reports that vacancies rose from 11.9% to 15.1% between late 2008 and late 2009. This number includes properties newly opened that have not reached stabilized occupancies. During calendar year 2009, rents declined from an average of 83.8 to 81.6 cents per square foot for the overall market. Hurricane Ike damaged or destroyed many apartment units in late 2008. This temporarily increased the demand for undamaged apartments in some submarkets. Currently, the majority of damaged complexes have either already began or have finished all necessary repairs caused by the storm. Jim Robinson, Chief Appraiser
53. CLS NUMBER OF PROPERTIES AVERAGE RATE CENTS/SF/MO OCCUPANCY CONCESSIONS A 358 117.2 82.6% 10.2% B 1,003 84.2 86.8% 7.1% C 1,017 66.9 82.7% 5.7% D 474 45.5 82.1% 4.0% OVERALL 2852 81.6 84.3% 7.4% Jim Robinson, Chief Appraiser
54. 2009 2010 Rent Per ADS Per ADS Concessions 4% of potential rent 8% of potential rent Occupancy 93% 91% Variable Expenses 25% of effective gross 26% of effective gross Cap Rate 7.50% base 7.75% base 2009 2010 Rent Per ADS Per ADS Concessions 0% of potential rent 6% of potential rent Occupancy 90% 88% Variable Expenses 33% of effective gross 34% of effective gross Cap Rate 8.00% base 8.50% base 2010 INCOME MODEL ADJUSTMENTS CLASS A CLASS B Jim Robinson, Chief Appraiser
55. 2009 2010 Rent Per ADS Per ADS Concessions 0% of potential rent 4% of potential rent Occupancy 88% 86% Variable Expenses 40% of effective gross 41% of effective gross Cap Rate 8.50% base 9.50% base 2009 2010 Rent Per ADS Per ADS Concessions 0% of potential rent 4% of potential rent Occupancy 86% 84% Variable Expenses 50% of effective gross 52% of effective gross Cap Rate 9.50% base 10.50% base CLASS C CLASS D Jim Robinson, Chief Appraiser
56. 2009 2010 Class A 8.50% base 9.00% base Class B 9.00% base 9.50% base Class C 9.50% base 10.00% base Class D 10.50% base 11.00% base 2009 2010 Class A 9.50% base 10.00% base Class B 9.50% base 10.00% base Class C 9.50% base 10.00% base Class D 9.50% base 10.50% base SUBSIDIZED CAP RATES TAX CREDIT (LIHTC) CAP RATES Jim Robinson, Chief Appraiser
57. 2008 Certified 2009 Certified Less New Construction Percent Change 4209 $734,802,867 $749,980,791 $747,528,305 1.7% 4211 $14,604,999,510 $15,101,166,780 $14,423,647,144 -1.3% 4212 $420,313,849 $616,371,694 $419,360,254 -0.03% 4221 $497,426,925 $512,427,698 $489,336,064 -1.6% 4222 $672,515,262 $791,909,068 $753,003,048 11% TOTAL $16,482,374,180 $17,771,856,032 $16,832,874,815 2.0% Market Trends For many years, there was a consistent increase in market values across the board in all property types. This trend has changed during the recent economic downturn. Because of the uncertainty in the economy and apartment market, most investors are choosing a longer holding period as opposed to selling now for a loss. Per Real Capital Analytic’s (RCA) data, the average apartment cap rate is 7.1% for the third quarter of 2009. Per Korpacz, cap rates increased to 7.84% in the third quarter of 2009 nationally. REIS indicates a 12-month rolling cap rate of 8.5% for the local Houston market. Real Capital Analytics has identified forty-three (43) investor grade transactions in Houston. The estimated sales volume totaled $400 million in the first 3 quarters of 2009. 2008 and 2009 Certified Value Comparisons Jim Robinson, Chief Appraiser
58. New Construction: The new construction activity for apartments is declining as expected due to equilibrium, the difficulty to find financing for new projects, and the consumer’s ability to spend money. During calendar year 2009, forty-five new complexes totaling 13,426 units were added to the Houston market. Per ADS, there are 12 complexes under construction at this time, consisting of 2,523 proposed units, which is a downward trend from 2008’s proposed rate of 17,613. Of the new apartment complexes entering the market, four are tax credits and four are senior housing. Due to population growth, the northwest portion of the county, as well as Katy and the far western edge of the county leads in the number of new apartments being constructed. Jim Robinson, Chief Appraiser
59. AKA ADDRESS UNITS KMAP Sheldon Ranch 930 Dell Dale St - Residential 40 498A Cypress Creek at Reed 2910 Reed Rd 132 573B Villas at Shaver 3271 S Shaver 240 576D Preserve at Baywood Red Bluff/Genoa Red Bluff 336 578M Sierra Meadows ** 90 375T Fountains at Memorial City (Condo) 9870 Gaylord 114 490B La Maison on River Oaks 2727 Revere St 423 492U Gables West Ave 2800 Kirby 389 492U Golden Bamboo Village Ph1 12010 Dashwood 57 529E City Place 306 McGowen 185 493P Space Center Plaza Space Center Blvd/Crenshaw 313 618V The Lynn at Country Club Apartments Baker Rd/Emmett Hutto 204 501K TOTAL 2523 Apartments currently under construction as of December “09: * Tax Credit ** Senior Housing Jim Robinson, Chief Appraiser
60. Summary The economy in Houston is expected to remain slow during first 2 quarters of 2010 due to the lack of funding and investor uncertainty. Houston’s apartment rental rates have declined and increasing amounts of concessions are being offered, thus lowering market rents. With unemployment rates steadily increasing, occupancy rates are decreasing. This trend is expected to continue through mid-2010. Many investors have delayed their purchases of apartment properties. New apartment construction has seen a drastic decrease due to the current over-supply of units and lack of funding. This will help the Houston apartment market reach equilibrium when the units begin experiencing positive absorption. As a result of current economic trends, HCAD has addressed changes in the four critical variables in the income model used to value properties. The first component addressed is the market rents, which are carefully researched. As indicated by the market, we have populated the base model for each property segment with a minimum 2% concessions. HCAD has adjusted stabilized occupancies downward by 200 basis points for all property segments. The variable expense category under market expenses has also been indexed upwards. For all income producing properties appraised by HCAD, the capitalization rate has been adjusted upward between 25 and 100 basis points. Jim Robinson, Chief Appraiser