The Freddie Mac Apartment Investment Market Index fell 3.4% year-over-year in Q1 despite strong fundamentals. The index tracks 13 markets across the nation, aggregating employment data, permitting data net, operating income data and property price data to come up with a score that captures the investment climate in the multifamily market.
Existing home sales decreased for the third consecutive month in June, but the ongoing supply and demand imbalance helped push the median sales price to an all-time high, according to NAR. But the association said it’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what is needed to satisfy demand levels.
Property owners of old or obsolete office buildings are turning their obsolescence blues into multifamily gold. According to a study by Newmark Knight Frank, 8% of the nation’s office inventory is obsolete, meaning building owners need to find new ways to make money off of their spaces.
Overstock.com is breaking into the real estate market. The online retailer will begin to manage properties for landlords of single-family rental properties and multifamily housing developments via its new property management site, Houserie. Overstock purchased Houserie back February in preparation for its bid to become a one-stop real estate shop.
The buyer accuses real estate brokerage Houlihan Lawrence of using the tactic to maximize its profits and dominate the local market.
Fake grass may be easier to care for, but there are some expensive and annoying caveats to this landscaping option.
Ongoing inventory shortages helped to push the median sale price for existing homes to another all-time high in June, according to NAR.
Older homeowners who are downsizing and leaving homeownership behind may send shock waves throughout the real estate market, two new studies warn.
It’s one problem contributing to a lack of knowledge about the benefits of refinancing.
Some of the nation’s fastest-growing cities are seeing the highest returns on home sales, as are areas that were hit hard in the Great Recession.
Karin Comeaux
Compass Realty & Management
8880 W Sunset Rd, Ste 290
Las Vegas, NV 89148
(702) 328-4114
(702) 586-1616
