Market Intel

Intel

Build-to-Rent Market Surging Amid Growing Purchase Turmoil

By Tony Cantu News earlier this month of a $1 billion deal between JP Morgan Chase & Co. and Haven Realty Capital to develop build-to-rent homes hit like a true sign of the times given turmoil in the purchase market. Mortgage Professional America spoke to an industry veteran for more

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Intel

SFR Rent Growth Decreases But Don’t Panic

By Amy Wolff Sorter Recently released information indicates that annual rent growth for single-family homes decreased slightly. But given fundamentals, renter households won’t likely convert to homeownership any time soon. Yardi Matrix’s National Multifamily Report covering October 2022 indicated that national asking rents for single-family rentals increased by 6.6% year

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Intel

How Multifamily Investment Trended in 2022

By Anca Gagiuc The year 2022 has managed to surprise quite a few when it comes to multifamily investment patterns and preferences, leaving room for further interpretation. The Fed’s aggressiveness in reducing inflation has already raised short-term rates by 375 basis points through November and will likely push them up

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Intel

SFR Market Trends to Watch in 2023

By Anca Gagiuc The COVID-19 pandemic is one of the decade’s—if not the century’s—main turning points in the real estate industry. It changed every property type. Retail was nearly swallowed whole by industrial by means of e-commerce, powered by warehouses and logistical centers. Offices were almost empty during lockdowns and

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Intel

Here’s The Arizona Economic Development Forecast for 2023

By Orion Investment Real Estate As 2022 winds down, the Arizona economic development sector has much to celebrate in the way of wins. According to the Arizona Commerce Authority (ACA), the state ranked No. 3 for economic outlook — a 10-spot jump from No. 13 the prior year. With manufacturing

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Intel

Arizona No. 5 Best State for Hiring as Crisis Worsens

By Orion Investment Real Estate A new study found Arizona is the No. 5 best state for hiring as the unprecedented hiring crisis worsens. CareerCloud today released a study on the Best States to Hire Workers using data from the Census Bureau, BLS, Tax Foundation, and the St. Louis Fed. The rankings were determined by analyzing five factors:

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Intel

Housing Affordability Taking a ‘Nosedive This Year’

Paul Bergeron A homebuyer must earn $107,281 to afford the $2,682 monthly mortgage payment on the typical U.S. home, up 45.6% from $73,668 a year ago, according to a recent Redfin report. Housing affordability took a “nosedive this year,” reaching all-time lows, according to Crystal Sunbury, real estate and construction

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Intel

Multifamily Rent Growth Up Slightly in October

Leah Draffen Average multifamily asking rents growth showed a minor increase in October, according to the latest Yardi Matrix Multifamily Report. The average U.S. asking rate was $1,727. Year-over-year rent growth was down to 8.2%, the lowest level since summer 2021 and from its 15.3% peak in the first quarter.

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