Commercial Real Estate & Business News – June 13, 2017
Typical Arizona Renter Needs Higher Wage to Afford a 2-bedroom A new report says the typical Arizona renter needs to work more than a 40-hour week, or share the rent, to afford a two-bedroom unit. New data from the National Low Income Housing Coalition shows Arizonans, on average, earn nearly 11 percent less than the […]
Commercial Real Estate & Business News – June 12, 2017
Commercial Real Estate Market Outlook Strong in 2017 The first few months of the Trump administration have been accompanied by plenty of uncertainty, but the outlook for the commercial real estate market for the rest of 2017 is positive…» Foreign Investors Will Continue to Favor U.S. Assets As we navigate the second quarter of 2017, […]
Commercial Real Estate & Business News – June 9, 2017
Commercial and Multifamily Loan Delinquencies Remain Low; Refinance Risk Remains Elevated The recent performance of loans backing commercial and multifamily properties have again defied expectations and remained on strong footing in the first quarter of 2017, according to the Mortgage Bankers Association, which found that delinquency rates for mortgage loans were flat or decreased in […]
Commercial Real Estate & Business News – June 8, 2017
Economy Watch: Rents Volatile in Many Markets in May While nationwide apartment rents are still on the rise, several markets have recently faced spikes in rent, according to a recent ABODO report. Rent decreases going into June, on the other hand, were on the smaller side. Apartment rents are still rising nationwide, but there is a lot […]
Commercial Real Estate & Business News – June 7, 2017
Yardi: Rents Rise by 1.5% Nationwide in May The average U.S. monthly rent rose in May for the third month in a row, up by $4, to $1,316, according to the latest Matrix Monthly survey by Yardi Matrix. These increases belie the long-standing rent-growth deceleration trend, which has continued unbroken for 13 months. Rents rose […]
Commercial Real Estate & Business News – June 6, 2017
Investment Sales Market for Multifamily Begins to Recover after a Pause The year isn’t turning out quite the way apartment experts expected it to just a few months ago. In January, it seemed like interest rates would begin an upward climb, which would push cap rates higher for investments in apartment properties. Instead, interest rates […]