Housing Wire

APRIL 8, 2024

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. This USDA program, however, is in serious trouble.

Tenants 511

Tenants Finance Construction Government 511

Appraisal Buzz

NOVEMBER 18, 2024

Diminished Development Capacity: As developers struggle, new construction grinds to a halt. The Developer’s Dilemma To illustrate the current challenges, let’s consider a hypothetical developer, Dave. In 2021, Dave secured a loan to build an apartment complex, anticipating a profitable sale in three years.

Development 335

Development Finance Real Estate Housing Market 335

Housing Wire

MAY 7, 2024

It is shipped from the Boxabl manufacturing facility in Las Vegas and is “designed to unfold into a fully functional dwelling unit in just a few hours,” reducing construction costs and minimizing environmental impacts, according to a company news release. But some experts believe that financing options for ADUs need to be expanded.

Construction 475

Construction Tenants Design Finance 475

Housing Wire

JULY 10, 2024

But when the apartment’s landlord declared that all units in the building would be renovated and force all current tenants out, the clock began ticking for a solution. After enlisting a local architect who understood the needs of aging, a new ADU of 650 square feet was constructed after four years at a cost of roughly $400,000.

Tenants 476

Tenants Mortgage Construction Landlords 476

Appraisal Buzz

DECEMBER 11, 2024

Over 30% of the income of over 10 million senior tenants was spent on housing. Only 36.5% of eligible households received government housing aid in 2021, while 11.2 million older people spent more than 30% of their income on housing. address the issue of aging in place.

Property Taxes 362

Property Taxes Tenants Technology Investing 362

Appraisal Buzz

JANUARY 22, 2025

Right now, more multifamily units are hitting the market than at any time in the past 50 years, but detached homes arent seeing the same surge in construction, saidSkylar Olsen, Chief Economist at Zillow. Instead, in an effort to attract tenants, property managers are increasingly using concessions.

Inventory 370

Inventory Home Value Tenants Property Management 370

Appraisal Buzz

FEBRUARY 3, 2025

This increase coincides with fierce competition among tenants and a widespread lack of rental flats. While San Francisco has updated construction rules, altered the Planning Code, and established a special financing area to enable these conversions, Minneapolis just eliminated the need for public hearings.

Renovations 345

Renovations Construction Modernization Inventory 345

Housing Wire

JANUARY 9, 2024

A recent survey by Villa noted that some ~60% of rental tenants said that living in an ADU has allowed them to live in a neighborhood they would not otherwise be able to afford — that’s a big deal. Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.”

Finance 501

Finance Construction Tenants Renovations 501

Housing Wire

JULY 16, 2024

Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation. In conjunction with Biden’s proposal, the Bureau of Land Management (BLM) announced it will open a public comment period on the sale of 38 acres of public land in Nevada for the purpose of affordable housing construction.

Landlords 488

Landlords Construction Land Management Tenants 488

Housing Wire

JANUARY 19, 2024

This development is crucial for agents, as it brings not just relief to tenants nationwide but also might create more movement as renters are looking for better deals. Following a surge in rents during 2021 and early 2022, the sector experienced a notable cooling trend in rates last year, according to data by Apartment List.

Marketing 501

Marketing Real Estate Construction Tenants 501

Housing Wire

AUGUST 26, 2024

Construction started on about 18,000 single-family, built-for-rent homes in the first quarter of 2024, a 20% increase compared to the first quarter of 2023, according to the National Association of Home Builders. In response to this demand for larger rental spaces, the build-to-rent sector is experiencing rapid growth.

Marketing 459

Marketing Real Estate Agent Investors Tenants 459

Housing Wire

OCTOBER 3, 2023

For example, a new construction property that cannot be entered for safety reasons, a tenant-occupied rental property, or properties whose sellers are just not comfortable entering into the MLS but would sell if they received an offer that satisfied their needs and worked with their requirements.”

Realty 459

Realty Clients Tenants Inventory 459

Housing Wire

APRIL 19, 2021

Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay. Knox oversees a portfolio of more than $100 million in investment properties, and was named one of HousingWire’s 2021 Tech100 companies.

Landlords 397

Landlords Investing Tenants Construction 397

Housing Wire

JANUARY 23, 2024

For Universal Studios employees, the owners of the park are seeking to construct a 1,000-unit mixed-use development slated to open in 2026 that would promise a short commute to the Universal Orlando Resort, which is also aiming to open a full-scale third theme park called “Epic Universe” next year.

Tenants 448

Tenants Development Investing Design 448

Appraisal Buzz

OCTOBER 1, 2024

The improvement over the preceding quarter—which recorded the weakest absorption rate since the beginning of 2020—might indicate that property owners are drawing in tenants with lower rents and perks. Only studio units saw a decline in completions in Q1, falling 7.1% from the same period last year.

Tenants 370

Tenants Construction Inventory Appraisal 370

Appraisal Buzz

SEPTEMBER 27, 2024

than the second consecutive quarter in which newly constructed apartment rentals showed an annual decline, and the second-deepest decline in the previous five years. Will an Apartment Construction Boom Lead to Lower Rents? This is supported by a recent analysis from Redfin. A new Redfin study from the U.S.

Construction 284

Construction Tenants Finance Appraisal 284

Housing Wire

SEPTEMBER 20, 2024

Pareja believes there should be exceptions, such as when a property is owned by a high-profile person, if it is tenant-occupied or if it’s still under construction. Therefore, if one brokerage can keep a group of properties exclusive to them, they aren’t giving others the opportunity to take action on the data.

Agents 435

Agents Brokerage Real Estate Tenants 435

Appraisal Buzz

JULY 29, 2024

The construction of new rental units has not kept pace with the growing number of renters, leading to increased competition and higher prices. For example, many areas have implemented rent control measures and tenant protection laws that can provide some relief in an increasingly expensive market. is $2,150, up $20 month-over-month.

Law 434

Law Tenants Construction Marketing 434

Housing Wire

OCTOBER 2, 2024

He also mentions Pretium’s evolution from targeting single-family rentals to other assets, with a greater focus on technology and operational efficiency to better serve landlords and tenants. Burns follows up with a question on how Pretium’s construction lending platform sets them apart, as well as the company’s interest in land banking.

Real Estate 459

Real Estate Investing Landlords Tenants 459

Housing Wire

AUGUST 16, 2024

Although demand for rentals remains strong, rent prices have shown slow growth due to a bevy of new apartments hitting the market, creating competition for tenants. But multifamily construction starts have slowed , which is good news for landlords looking to increase rents.

Investors 468

Investors Tenants Real Estate Property Taxes 468

Housing Wire

OCTOBER 2, 2020

Residential construction employment (including specialty trade contractors) posted another large increase this month, with job gains of 22,000, which Doug Duncan, chief economist at Fannie Mae , said is a welcome sign for a sector dealing with supply constraints. “For

Tenants 435

Tenants Government Retail Business 435

D Fritz Appraisals

NOVEMBER 7, 2024

Vancouver’s office space availability is the highest in 20 years, with landlords and building owners adapting their leasing strategies as many tenants require more flexibility with their office space rentals. High construction costs are affecting the supply on new builds and slowing down the release of new properties into the market.

Real Estate 112

Real Estate Retail Tenants Investors 112

Housing Wire

SEPTEMBER 14, 2023

These structures can generate rental income to offset rising mortgage payments, and create more long-term rental supply, ultimately lowering the average rental cost for tenants. For local governments, ADUs can increase the number of tenants in areas where high-rise dwellings are not a desirable option.

Tenants 418

Tenants Government Law Buyers 418

Simonson Real Estate

AUGUST 24, 2020

It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. A more conservative approach is being taken and in-depth underwriting is taking place to ensure the borrowers and tenants occupying space have the durability to continue performing. Contact him today!

Lending 148

Lending Construction Tenants Real Estate 148

Appraisal Buzz

OCTOBER 23, 2024

For instance, almost three-quarters of Gen Z tenants in cities like San Diego, Los Angeles, and Sacramento are burdened by their rent. This rent cap is based on HUD-constructed estimates of “fair market rent” at the county or metro level. That percentage is significantly higher in 21 of the 30 biggest metro areas in the nation.

Landlords 195

Landlords Tenants Inventory Marketing 195

Housing Wire

DECEMBER 19, 2023

The technology likely to have the biggest impact in 2024 Data-driven property management : Real-time insights into property performance optimize rents, maintenance schedules and tenant satisfaction. The current absence of rental listings on most MLSs has significant repercussions, resulting in financial losses for both agents and tenants.

Real Estate 493

Real Estate Marketing Technology Tenants 493

Housing Wire

AUGUST 18, 2023

The funds will also allow for new housing construction with CDBG funding in declared-disaster areas, and provide flexibility in HOME tenant-based rental assistance requirements “to reduce burden for those seeking assistance.”

Government 370

Government Mortgage Tenants Development 370

Appraisal Buzz

JUNE 12, 2024

Multifamily construction increased during the pandemic moving frenzy, lowering rent prices as building owners competed for renters. Still, the median asking rent in May was just $47 lower (-2.8%) than the record high of $1,700 set in August 2022, presenting affordability issues for some tenants. month-over-month (MoM). this summer.

Tenants 392

Tenants Development Construction Marketing 392

Inman

JUNE 5, 2023

Explore how innovative solutions are revolutionizing new development from a historically building-centric view to a tenant-centric approach, in this must-watch Inman Access class.

Construction 145

Construction Tenants Development Technology 145

Appraisal Buzz

MAY 24, 2021

It’s not uncommon for people to have tenants or roommates, but you’ll typically find that isn’t the case with single-family houses. If you want to be a real estate investor, you wouldn’t necessarily purchase multiple single-family properties when you could fit more tenants into one building. That’s why multifamily homes exist.

Appraisal 397

Appraisal Tenants Buyers Landlords 397

Housing Wire

JULY 27, 2023

million units last month , supply is mostly coming from multifamily rental construction. Many owners are attempting to pass along the increased financial burdens to tenants by increasing rental rates, provided that demand in a particular submarket supports higher rental rates,” Barry said. Powell also said more supply was coming.

Construction 370

Construction Tenants Mortgage Finance 370

Housing Wire

OCTOBER 4, 2023

This is likely because rates of nonpayment from both commercial and residential tenants skyrocketed during the pandemic. Unlike in the construction industry, the BDS data does not distinguish between residential and non-residential, so it is unclear how residential lessors fared relative to retail, office, etc.

Landlords 448

Landlords Agents Brokerage Supply Chain 448

Appraisal Buzz

JULY 11, 2024

Two reasons builders are seeking fewer permits are: Elevated interest rates have made it more expensive to borrow money for construction projects, AND there’s already a near-record number of new multifamily units hitting the market due to a building boom in recent years, making it difficult for some property owners to find tenants.

Tenants 195

Tenants Construction Landlords Development 195

Appraisal Buzz

AUGUST 9, 2024

Glodt has more than ten years of experience as a banker engaged in commercial lending, ground-up construction, and investment real estate development. He has also executed transactions in support of tenant Improvements, working capital and lines of credit, equipment lines of credit, and equipment finance.

Brokerage 195

Brokerage Mortgage Tenants Real Estate 195

Appraisal Buzz

SEPTEMBER 23, 2024

Communities that offer happy hours for tenants get 50% more daily saves and 67% more daily shares. Zillow’s latest Rental Market Report finds a slew of new construction apartment buildings have hit the rental market following a pandemic-era building boom. That’s slowing down rent price growth nationally.

Tenants 221

Tenants Advertising Landlords Property Management 221

Miller Samuel

MARCH 11, 2019

Deutsche Bank is replacing Warner Media as the anchor tenant in 2021 so the project will be renamed for the new tenant. However, Deutsche Bank has been having its share of financial problems and is considering a merger with Commerzbank. Perhaps that's why Related went with 'Hudson Yards.'.

Tenants 243

Tenants Development Government Architecture 243

Housing Wire

NOVEMBER 1, 2022

According to a recent National Association of Realtors (NAR) survey, 86% of tenants renting single-family homes end up purchasing a home within five years. . million more households — roughly equivalent to the same amount of new construction the United States sees in a year. And the numbers back up this counter narrative.

Buyers 418

Buyers Tenants Housing Market Marketing 418