In a webinar presented on Jan. 11, 2011, the Marcus & Millichap team gave an upbeat report on the current state of the U.S. apartment industry. As usual, Hessam Nadji began with an economic state of the union address. After acknowledging nine different problems the economy is now facing, he presented another nine positive indicators. [...]
Browsing Posts tagged apartment industry
Everywhere one looks today there are growing signs that investing in apartments is a smart idea now and will be for the next several years. The part of the American Dream that includes a white picket fence and your very own home is fading for many. In the second quarter of 2010, only 66.7% of [...]
In spite of relatively low housing prices and near-record low mortgage rates, many people in the United States still can’t afford to buy a new home. According to the Center for Housing Policy, the income needed to buy a median-priced home dropped in 93% of the 200 housing markets they studied. Unfortunately for the would-be [...]
According to a recent survey conducted by the National Apartment Association, the apartment resident turnover rate is 74% in Colorado Springs, tying it for third place with Charleston, SC. In contrast, the metro area with the lowest rate is San Jose-Sunnyvale-Santa Clara, CA, with just 9% turnover. No other Colorado city made either the top [...]
