June 2020 Existing-Home Sales
Housing market activity this June jumped 20.7% from May 2020, and June’s sales of existing homes dropped 11.3 % from June 2019.
Housing market activity this June jumped 20.7% from May 2020, and June’s sales of existing homes dropped 11.3 % from June 2019.
Each of the four major regions achieved month-over-month growth, with the West experiencing the greatest sales recovery.
EL SEGUNDO, CA – Griffin Capital Company, a leading private alternative asset manager, announced the closing of its fourth land acquisition in a qualified opportunity zone. Legacy at Encore is the second joint venture multifamily community Griffin Capital is developing in partnership with Legacy Partners. Griffin Capital has identified nine multifamily properties partnering with five…
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As an industry, multifamily runs one of the biggest sales teams in the country. This means that we must regularly evaluate our marketing and operations strategies to ensure that we’re investing in our leasing teams’ success in meaningful, technology- and data-driven ways. The key to building a strong sales team in any industry will often…
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HAMILTON, NJ – Total construction starts increased 6% in June to a seasonally adjusted annual rate of $641.4 billion. This marks the second consecutive monthly gain in construction starts following the COVID-19 induced declines in March and April. In June nonresidential building starts gained 6% and starts in the nonbuilding sector moved 27% higher. Residential…
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Recently, we’ve seen several positive signs indicating that the apartment industry had shaken off the worst impact of the pandemic and was headed in the direction of a recovery. Unfortunately, that forward momentum wasn’t present during the seven-day period ending on July 12, according to data from Radix. Traffic and leases were down for a…
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Housing Affordability in May 2020 At the national level, housing affordability showed signs of improvement in May 2020 compared to a year ago but fell compared to April. By: Michael Hyman
DURHAM, NC – Wood Partners, a national leader in multi-family real estate development, announced the groundbreaking of its newest luxury residential community – Alta Davis – in Durham, North Carolina. Construction is now underway, and the community is scheduled to open in late 2021. Alta Davis is located minutes away from Research Triangle Park (RTP),…
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Communication has gone through an evolution following the advances of technology in general. The way we’ve communicated as individuals, groups, and organizations have all been disrupted by innovation. Property managers often act as a liaison between customers, colleagues, vendors, and others, which makes optimizing communication incredibly important. Being able to send documents like letters, notices,…
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In the week ending July 11, new unemployment claims decreased to 1.3 million, a decrease of 10,000 from the previous week’s revised level.