Whether you are buying, selling or holding your apartment portfolio, the outlook is positive for the, smaller apartment owner. The pipeline of renters will continue increase exponentially through 2025, as 10,000 Millennials turn 25 every day. Now is the perfect time to take a hard look at your portfolio.
Optimism among U.S. construction contractors dipped in the second half of 2016, but the majority of them still expect to see growth this year, according to the Associated Builders and Contractors’ latest Construction Confidence Index.
Ann Arbor’s housing market tends to be stronger than Detroit’s. Detroit, a city of 677,000 people, has gone through monumental change over the last several decades. Though the city has made strides to improve services, attract businesses, and invest in its neighborhoods, the city’s image is still plagued by stories of population loss, crime, and blight. And though Detroit’s alleged turnaround has also made headlines, the data shows that the city still faces an uphill road toward real prosperity.
Whether you count yourself as a luddite or a techie, you’ve probably heard the phrase “internet of things” bandied about. Futurists like Ray Kurzweil, Google’s technological soothsayer, are predicting an eventual future of connected devices, predictive responses, digital machine-to-machine communications, and networks of integrated sensors that track environmental and behavioral changes—in essence, a revolutionary shift in home life.
Teddy Roosevelt described the vagaries and subtleties of the politics of Washington as an ever-changing “kaleidoscope.” That sentiment has never been as true as it is today. For the first time since 1986 comprehensive tax reform is a real possibility. Not since the days of Ronald Reagan, Bill Bradley and Jack Kemp has a wholesale […]
Potential Changes at HUD Along with Significant Budget Cuts Could Signal New Direction Regulating Tenant Screening
The recent change in White House administration has signaled significant change across all departments of the government, including the Department of Housing and Urban Development, and, potentially, change to the enforcement of recent HUD Guidance regarding tenant screening and the use of criminal records. Adam Almeida, President and CEO of TenantScreeningUSA.com opines: “The threat of […]
Welcome to this week’s installment of Curbed Comparisons, where we explore what you can rent for a certain dollar amount in various Detroit neighborhoods. This week we’re looking at rentals around the city within $100 of today’s price: $900. This single-family house north of Grandmont Rosedale is just under 1,000 square feet, with a lot […]
The notion that reforming and restructuring the US Postal Service (USPS) could have a major impact on the multifamily industry may come as a surprise to some, but after a hearing on Capitol Hill last week that appears to increasingly be the case. Apartment companies and their residents rely on the USPS for mail and package delivery, but the services they receive are coming into question as Congress looks for ways to shore up the finances of the USPS in the wake of falling mail volume and accompanying revenue.
When you’re in the middle of a multifamily real estate deal, the stakes are often in the tens to hundreds of millions of dollars—a lot is on the line. And when the pressure is on, that’s when things can be overlooked or unaccounted for. People can easily fail to consider all the smaller details that are not visibly apparent.