Instant Reaction: Consumer Price Index, December 10, 2021
Consumer prices rose 6.8% in November, with higher food and gasoline prices; rents are accelerating and utilities are higher by 25%.
Consumer prices rose 6.8% in November, with higher food and gasoline prices; rents are accelerating and utilities are higher by 25%.
Training is so much more than onboarding and the basics of property management. Effective training empowers our team members to grow and thrive, pushing the boundaries for what we can achieve in multifamily. It not only builds their skill sets, but inspires them to passionately approach their job as a career. In that way, training…
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I have some very strong predictions about whether there will be a multifamily real estate housing crash in 2022. Will there be a multifamily real estate housing crash in 2022? Hell no! Here are the reasons: We need to build 325,000 new apartment homes each year on average, which we haven’t done since 1989. We…
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Showing Gratitude to Your Team Can They SEE Your Thankfulness? Today we will do the obligatory Thanksgiving gratitude post. After all, its that time of year when we are practically forced to consider our blessings. So along with the ocean of other articles extolling the importance of being thankful, allow me to present one more. But I will…
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These slides were presented by Turner Levison at the Commercial Economic Issues & Trends Forum on November 12, 2021, as part of the REALTORS® Conference & Expo.
The apartment and industrial sectors are seeing strong growth. Retail is also recovering given the rising demand for online shopping. The office sector is starting to recuperate at a modest pace due to job growth and because some workers are heading back to the office.
The U.S. multifamily property management industry encompasses 40 million multifamily units valued at $3 trillion. More than 800,000 people work as employees of the management industry, while tech and service vendor companies employ hundreds of thousands more. And the industry is growing, requiring 4 million more units by 2030 just to keep up with demand.…
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Leasing has become more competitive than ever, and apartment operators have been rethinking the types of amenities they’re offering. Residents, like operators, have new apartment needs. With a greater number of residents working from home, there is increasing demand for high-speed internet and community-wide WiFi. High-speed internet and community WiFi is very important to residents…
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With people returning to physical stores and food and drinking places, demand for retail space in Q2 2021 exceeded pre-pandemic peak levels.
Mortgage rates rose sharply to 3.05% this week from 2.99% last week as consumer and producer prices continue to inflate due to persistent supply bottlenecks and labor difficulties. NAR forecasts the 30-year fixed mortgage rate will reach 3.6% by mid-2022.