Housing Affordability Slips in June 2020 Affordability worsened in June compared to May as the median family income slightly declined by 1% while the median home prices rose by 4%. By: Michael Hyman
DALLAS, TX – Gardner Capital, a family-owned private equity firm specializing in multifamily housing and renewable energy development and investment, proudly announced the completion of a 7-building multifamily community in Hurst, TX. With 96 brand-new units, Provision at North Valentine is home to families whose income is 30-60% of the area median income. Gardner Capital…
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Even before the coronavirus, self-guided tours were beginning to emerge as a major factor in apartment operations and leasing. Now, as the industry continues to navigate the effects of the pandemic, self-guided tours are firmly in the multifamily mainstream. Much has been made about the positive impact these tours have on prospects – and for…
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ORLANDO, FL – Wood Partners, a national leader in multi-family real estate development, announced the grand opening of their newest luxury apartment community. Alta Headwaters features 328 units in multiple four-story, elevatored-buildings comprised of one-, two- and three-bedroom apartment homes as well as studios. The community officially opened its doors to residents on July 30…
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The Pandemic of 2020 has truly altered or drastically affected everyone’s life and day-to-day operations. As a landlord, navigating these difficult times has definitely been challenging. As we enter the middle of August, the situation does not seem to be getting any better. In fact, landlords and property managers are starting to wonder if things…
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SEATTLE, WA – While the for-sale market has shaken off the early impact of the coronavirus pandemic and resumed its torrid pre-pandemic pace, rent growth hit the brakes this spring. Rent prices in urban areas have slowed more than those in suburban areas, Zillow data shows, a possible signal that renters’ preferred location is tilting…
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It’s that time of year again, budget season. In a normal year, budgeting comes with it’s own set of challenges, in a year with a global pandemic, it can seem nearly impossible. I had the opportunity to sit down with 3 multifamily friends to chat how they were weathering the budget…
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Jobs are coming back, with 1.8 million net new additions in July, bringing the total to 9.3 million over the past three months as the economy has steadily reopened.
GATLINBURG, TN – FOURMIDABLE, a national real estate property management and brokerage firm currently managing 14 communities throughout Tennessee, announced the opening of Watson Glades Place, its newest community in Gatlinburg. “FOURMIDABLE is proud to have been working with the members of this ownership group since 2007 and have built a strong professional relationship. We…
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Since the coronavirus pandemic hit, apartment operators have had to rethink the prospect visit and the prospect experience at their communities. As such, the term “self-guided tour” has gained significant fanfare – think “business intelligence” of five years ago – and gets tossed around constantly. (It’s even got its own acronym: SGT.) Unfortunately, a lot…
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