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- Mar 10
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Jonathan Lewis
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Keeping a Pulse on the Multifamily Market
A recent report was issued by Axiometrics which covered the state of national effective rent growth. There are a few things to note to help get a clear picture of what’s going on. National rent growth has incurred a consistent decline/moderation since September of 2015. In fact, we have seen annualized rent growth decline from roughly 5.2% in September 2015 to roughly 4.1% in February of 2016. This is a difference of about 110 basis […]
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- Apr 14
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Jonathan Lewis
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Phoenix 1st Quarter Trends
Hendricks-Berkadia has released is 1st Quarter Economic Report for the Phoenix metropolitan area. According to the report, “In the 12-month period ending in the first quarter, Phoenix employment rose 1.6% with 29,100 additions to the workforce.” With an increase in job growth, population growth should follow and inherently increase demand for housing. With the Phoenix market being one of the most volatile real estate markets in the country, it becomes very important to watch your […]
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- Feb 14
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Jonathan Lewis
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Austin 2013 Review and Forecast
Hendricks-Berkadia released its 2013 Review & 2014 Forecast for the Austin metropolitan area. According to the report “Hiring will accelerate by 3.1% this year as local businesses create 26,600 new positions.” With rising employment over the past year and a forecast for continued job growth, Austin is well positioned to see significant appreciation in its property values. Cash flow will be inherently be reduced as capitalization rates are reduced as well. You can access the […]
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