Ivan Kaufman’s Blog 2017-07-19T16:32:21+00:00

Ivan Kaufman’s Real Estate Blog

Weekly Roundup: December 8, 2017

Changing homeownership views, amenity offerings and the growth in small loans are covered in this week’s selection of multifamily news highlights. To begin, Ten-X discusses the emerging trend of people strategically choosing renting over home buying because it aligns with their lifestyle. Next, RIS Media explores the idea of ‘surban’ development and how they are expected to experience growth by attracting residents who seek a mixture of urban and suburban life. Then, ALEX Chatter investigates the expansion of millennial apartment demand with insights on how their building preferences are largely dependent on age. Property Management Insider examines the value of implementing amenities and services that foster a sense of community among residents. Finally, the Mortgage Bankers Association examines how the small balance multifamily loan market continues to grow.

sina-khansari-442552

Renting has Growing Allure for Would-Be Homebuyers

Ten-X – Dec. 5

“For a lot of people, real estate ownership and all that it traditionally represents in terms of success and status has become much less interesting. In its place, renting has gained new appeal.”

2018 Real Estate Trends to Watch: ‘Surban’ — That Sweet Spot Between City and Suburb

RISMedia – Dec. 4

“Surban refers to a suburban area that has the feel of an urban area, with walkability to great retail and restaurants from a house or apartment, and it’s what all the real estate trend predictors are talking about.”

The Changing Rental Preferences of Aging Millennials

ALEX Chatter – Dec. 7

“Segmenting the Millennial market by younger (18-25 years) and older (26-33 years) renters shows differences in building preferences, which are likely to play out fully in the coming years.”

Top Multifamily Amenities and Services to Consider Next

Property Management Insider – Dec. 4

“The expense and implementation of smart technology can lose its luster compared to a hands-on environment that promotes the resident experience.”

Steady Rise in Small-Balance Lending

Mortgage Bankers Association – Dec. 5

“Small-balance multifamily lending fell 3.1 percent during the quarter, but lending volume through the first three quarters was 7.3 percent higher than during the same period last year.”

 

Weekly Roundup: December 1, 2017

Growth in the already high performing multifamily market and predictions for future shifts in amenity offerings are explored in this week’s news top industry news stories. To start, the Mortgage Bankers Association reports that delinquency rates for loans have reached a 24-year low, proving that commercial and multifamily mortgages are performing extremely well. Then, National Real Estate Investor investigates how improved fundamentals and robust investment sales are contributing to a stable outlook in multifamily. ALEX Chatter considers the possibility of a future where parking as an amenity is no longer necessary due to transportation transformations. Also from ALEX Chatter, an exploration of how increasing demand factors, corporate relocations and new supply are working together to generate stability and strength in the Chicago market. Finally, Real Estate Weekly reveals the most important amenities that renters will be searching for in apartments as we enter 2018.

eric-ward-313917

3Q Commercial/Multifamily Delinquencies Remain Low; Bank Delinquencies Match Lowest on Record

Mortgage Bankers Association – Nov. 30

“Strong property fundamentals and values and ready credit availability are all helping contribute to this extraordinary performance.”

Exclusive Research Reveals Stable Outlook for the Multifamily Sector

NREI – Nov. 29

“While sentiment has dampened slightly, investors still prefer apartments over other commercial real estate property types.”

Autonomous Vehicles and the Future of Multifamily Parking

ALEX Chatter – Nov. 27

“With the introduction of autonomous cars, transit-oriented development and the rise of ride-sharing companies, it seems inevitable that parking will take somewhat of a back seat.”

Chicago Multifamily Market Update: Deal Volume Up as Investors Chase Yield

ALEX Chatter – Nov. 27

“The Chicago multifamily market remained strong during Q3 2017, as rents continued to set new record highs. Rising vacancy rates remained in line with the market’s historical average, despite a historically high influx of new supply.”

List of 2018’s Must-Have Apartment Amenities – and Why it Might Surprise You

Real Estate Weekly – Dec. 1

“It is important to assess not only what tenants want but what they expect to pay for various features and amenities. The following is an overview of some of the top items on the minds of U.S. apartment renters.”

Weekly Roundup: November 24, 2017

This week’s top multifamily developments highlight how rent prices continue to rise as demand and amenity offerings grow. First, Real Capital Analytics reports on data that illustrates the consistent price growth in the apartment sector. Next, National Real Estate Investor provides a glimpse of the features that are most important to renters. Property Management Insider then delves into the factors that are contributing to an increased demand for new, affordable apartments — population growth and an increasing propensity to rent are two major drivers. Then, the varying value of amenities in various markets is explored by Property Management Insider. Finally, Axiometrics examines the expected rent growth of the Raleigh-Durham apartment market, and the dynamics that are influencing the price increases.

image of apartment building

US Prices Rise 1.2% in October, RCA CPPI Report Shows

Real Capital Analytics – Nov. 22

“Price growth for apartments has been the greatest among the property types for the majority of 2017.”

What Apartment Renters Want

NREI – Nov. 21

“The most attractive features of an apartment unit to renters turn out to be good management, good cell phone reception and a rent that feels reasonable.”

NMHC is Up for the Challenge of Meeting Apartment Demand

Property Management Insider – Nov. 21

“Today, more than one-third of America rents, and industry analysts believe more apartments will be needed in the future just based on population growth and higher propensity to rent.”

Benchmarking Amenities to Determine Their True Value and Price

Property Management Insider – Nov. 22

“Depending on the market, a community feature can bring $15-$80 in additional rent per month, according to a National Apartment Association study released earlier this year.”

Raleigh-Durham Apartment Market Poised for Rent Growth Rebound

Axiometrics – Nov. 21

All the indicators are there for strengthening performance in the Raleigh-Durham apartment market: increasing Research Triangle job growth, declining supply (next year), improving Class A rent growth (in Raleigh) and a young-adult-fueled atmosphere with all those colleges around.”