Mark your calendars and join eXp Commercial President James Huang and Economist KC Conway, MAI, CRE, CCIM on January 17 for a fireside chat as they discuss the state of the 2023 economy and how you can prepare your business for success in the changing market.
Market Trends
Selling Multifamily Property: Guide with eXp Commercial
Learn the process of selling your multifamily property with eXp Commercial. Maximize value and createRead more
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Market Trends
Selling an Apartment Building FAQ’s
Are you thinking of selling your multi-family property? Here are some of the most frequentlyRead more
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Market Trends
If You’re Hesitant To Hire A Broker For Your Multifamily Property Read This
The most important benefit of exclusively listing your property with a broker is representation.
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Market Trends
Should I Sell or Should I Hold? When is the best time for asset repositioning?
It doesn’t really matter what the current real estate market is like if you areRead more
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Market Trends
Why Should I Sell My Multifamily Property?
There are a number of reasons why people decide to sell their multifamily property, butRead more
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Despite a drop in demand, the apartment sector continued to record healthy rent growth, although at a slower pace.
Market Trends
Loan Assumptions Gain Appeal With Larger Multifamily Buyers Amid Spiking Interest Rates
That combination of high cost and uncertainty has given the idea of loan assumption more appeal among those who can afford it — and with the higher level of equity often required, relatively few investors can, Wealth Management reports.
Undoubtedly, these U.S. midterm elections are consequential, but for commercial real estate, there is really only one issue at play: the economy.
>Improvements don’t always have to be extensive and costly, like a new clubhouse or fitness center. Some of the best ways to add value to a property are simple, cost-effective improvements
Market Trends
eXp Commercial Economist KC Conway Offers Insight and Tips on How to Pivot During Strong Economic Headwinds
“Multifamily is going to stay strong. The reason being, it now costs over $300,000 a unit to build a new stick-built apartment. Three years ago, that was the median price of a single-family home in the United States.
Housing Shortage + Young Workforce = Need for Housing Innovation
The young workforce – the Millennial workforce, the Gen Z – cannot buy housing. They have student loan debt. They don’t have the credit. They don’t have the cash savings, and they can’t afford a 7% mortgage.
Rents are going to continue to rise 6-8% and 10-12%, especially in markets like Texas and Florida and other inland markets where the workforce is going.”
Related:
Multifamily’s Prime Target? Aging Millennials
https://creconsult.net/market-trends/multifamilys-prime-target-aging-millennials/