While housing market conditions in March weakened, home prices are up 8% from a year ago. As people become more comfortable with home sales deals that can be done with social distancing protocols, we may begin to see more listings come on the market.
PHOENIX, AZ – KB Investment Development successfully closed a transaction to add Superstition Canyon, a 200-unit Class A low-density garden community in East Mesa, to their high-performing Phoenix metro multifamily portfolio. CBRE s Phoenix multifamily team of Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch brokered the sale. The transaction marks the fifth large…
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As April drew to a close, most of the country was still in lockdown mode. But we have begun to see some states start to lift the restrictions they put in place five to six weeks ago. And although most of us contend it will be a while before things return to normal – or…
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Expect a gradual re-opening of leasing offices, club rooms and amenities, with some opening their doors as soon as mid-May. Editor’s note: I recently reported on the re-opening of apartment communities for NMHC. Following is an expanded version of that article, and includes comments from more sources, such as Camden and Bell Partners. It also…
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CAMDEN, NJ – The Michaels Organization, a national leader in residential real estate, has begun site work on Phase 2 of 2720 Fire Road, an affordable housing community in Egg Harbor Township, New Jersey, after successfully achieving a financial closing last week. “We are very grateful to all our partners, especially to Executive Director Charles…
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Where is Unemployment Slowing Faster During the… This post takes a deeper look at unemployment insurance claims and provides some additional insights into the labor market for each state. By: Nadia Evangelou
ADELPHI, MD – Building on an already strong portfolio in the metro DC/Maryland market, Drucker + Falk assumed management of 675 well-located apartments in Adelphi, Maryland along a historic avenue to Washington, D.C. and just minutes from the inner loop of the Capital Beltway. The Gallery on New Hampshire, under new ownership by an established…
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It’s been more than a month since state and local governments began their lockdowns to fight the spread of the coronavirus. And we are seeing the reverberations across all multifamily markets. I recently wrote about apartment data compiled by Radix for the week ending on April 15. That data showed that, nationally, traffic and signed…
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Although millions of people lost their job due to the growing spread of the coronavirus, a surge of companies is hiring additional employees to accommodate increased demands.
More than 3 in 4 Realtors® working with sellers this week – 76% – reported their clients haven’t reduced listing prices to attract buyers.
