Market Intel

By Ryan Luby, Henri Torbey, and Brian Vickery CREIF apartment returns of 3.9 percent in the second quarter exceeded all sectors with the exception of industrial real estate, which saw a shift from brick-and-mortar to online shopping that has reverted back to the prepandemic trend (Exhibit 1). The apartment sector

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

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:

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

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.

By Taylor Williams More Americans are looking for homes even as available housing shrinks. This dynamic is rapidly accelerating the demand for build-to-rent (BTR) communities. The United States has failed to build as many homes as needed to keep up with population expansion, especially in markets in and around growing

By Paul Bergeron Homebuilders will take on fewer new projects next year as they focus on getting their existing projects sold, according to a new report from real estate brokerage Redfin. Twenty-nine percent of U.S. single-family homes for sale in the third quarter were new construction—the highest share of any

Carlos Vaz Monitoring demographic shifts is a critical part of any business practice, and as such, my company, CONTI Capital, has kept close tabs on the remarkable impact the millennial generation has had on housing demand. The U.S. now finds itself with a huge swell of housing demand and not

AZ Business Magazine Twenty-nine percent of U.S. single-family homes for sale in the third quarter were new construction—the highest share of any third quarter on record, according to a new report from Redfin, the technology-powered real estate brokerage. That’s up from 25% in the third quarter of 2021 and 18% in the

By Erik Sherman There are changes coming to multifamily that may not seem so desirable in the short run, but which will help stabilize markets and the industry overall. “Data shows that there are more multifamily than single-family units under construction,” writes Nadia Evangelou, senior economist and director of forecasting