Blackburne Property Management’s Post

Multifamily Markets Adjust as Homebuying Stalls, Investment Cools Like other property sectors, rental housing assets have experienced big swings in fortunes over the past few years. Historically high rent growth during the pandemic came to a halt amid new supply in many markets. And the end of cheap debt has stymied investment sales and is stressing investors who paid handsomely for apartments using short-term financing. But the situation could be worse. Housing remains in high demand, and despite higher mortgage rates and a collapse in home sales, a severe lack of inventory on the market continues to prop up home values and price out would-be buyers. In May, home prices across the country increased 5.9 percent over the previous year, according to the latest S&P CoreLogic Case Shiller U.S. National Home Price NSA Index. Rental housing owners and operators are the obvious beneficiary of those challenges, says Ivy Zelman, executive vice president and co-founder of Zelman & Associates - A Walker & Dunlop Company that provides housing research, analysis and consulting. Move-outs attributed to home purchases clearly illustrate the trend. An apartment and single-family rental operator in Phoenix recently told Zelman that such move-out activity has dropped to about 13 percent from an historical average of 30 percent, she says. Similarly, a multifamily landlord told her that move-outs related to home buying have fallen by half, to around 7 percent. “The number of homes for sale continues to be highly constrained, and as a result, home price appreciation remains pretty significant,” says Zelman, whose firm is holding its 17th annual housing summit in Boston on September 12 and 13. “Multifamily turnover is hovering at record lows despite a more competitive lease-up environment in many markets.” https://lnkd.in/dV8YjXpH Sponsored by Walker & Dunlop #cre #commercialrealestate #multifamily #investmentsales

Curious about Australia's housing market trends for April 2024? Our latest blog dives deep into the latest growth patterns, rental yields, and geographic variations across the country. Discover where the opportunities lie for investors and homebuyers. Stay ahead in the property game! #AustraliaHousingMarket #RealEstateTrends #PropertyInvestment #RentalYields #HomeBuyers #RegionalProperty #RealEstateInsights #TimarBuyersAgency Read more on our blog: https://lnkd.in/gcKYZx3u

Multifamily Markets See Silver Lining Despite Economic Headwinds Like other property sectors, rental housing assets have experienced big swings in fortunes over the past few years. Historically high rent growth during the pandemic came to a halt amid new supply in many markets. And the end of cheap debt has stymied investment sales and is stressing investors who paid handsomely for apartments using short-term financing. But the situation could be worse. Housing remains in high demand, and despite higher mortgage rates and a collapse in home sales, a severe lack of inventory on the market continues to prop up home values and price out would-be buyers. In May, home prices across the country increased 5.9 percent over the previous year, according to the latest S&P CoreLogic Case Shiller U.S. National Home Price NSA Index. Rental housing owners and operators are the obvious beneficiary of those challenges, says Ivy Zelman, executive vice president and co-founder of Zelman & Associates - A Walker & Dunlop Company that provides housing research, analysis and consulting. Move-outs attributed to home purchases clearly illustrate the trend. An apartment and single-family rental operator in Phoenix recently told Zelman that such move-out activity has dropped to about 13 percent from an historical average of 30 percent, she says. Similarly, a multifamily landlord told her that move-outs related to home buying have fallen by half, to around 7 percent. “The number of homes for sale continues to be highly constrained, and as a result, home price appreciation remains pretty significant,” says Zelman, whose firm is holding its 17th annual housing summit in Boston on September 12 and 13. “Multifamily turnover is hovering at record lows despite a more competitive lease-up environment in many markets.” https://lnkd.in/dV8YjXpH Sponsored by Walker & Dunlop #cre #commercialrealestate #multifamily #investmentsales

Latest Real Estate Market Updates by Jamie Palmer, President and Broker of Power Properties: Calgary’s real estate prices continue to rise year-over-year and month-over-month. As the market becomes increasingly competitive, Southern Alberta is emerging as an attractive alternative for investors and homebuyers. 🌟🏡 https://lnkd.in/gD5r2kf4 #RealEstate #CalgaryRealEstate #MarketUpdate #SouthernAlberta #Investing #HomeBuying

🏡 Exciting news from the housing market! 🚀 We're seeing existing home sales rise, outperforming expectations month over month. This resilience signals increasing consumer confidence and a positive outlook for the future. A strong housing market not only benefits homebuyers, but also supports crucial industries like construction, real estate, and home furnishings. Together, these sectors contribute to a much-needed boost for our broader economy. Let's celebrate this momentum and continue investing in our communities! 💪✨ #HousingMarket #ConsumerConfidence #Economy #RealEstate #HomeSales #Construction #Investment

🏡 Looking for lucrative real estate investment opportunities in 2024? Check out ATTOM's latest report ranking the best U.S. markets for buying single-family rental properties! 📈 With rental margins on the rise in about two-thirds of the nation, now's the time to explore potential returns. 🌟 Discover which counties, including Vero Beach, St. Louis, Brownsville, Rochester, and Augusta, boast the highest potential SFR returns. 💼 Please reach out to learn more about this exciting opportunity in the real estate market! #RealEstateInvesting #SFR #RentalProperties #InvestmentOpportunity #sfr #sfrportfolios #sfrealestate #realestate #investmentportfolio #investmentproperties #rentalproperty #homebuyers #homesellers #thesfradvisors #thesfrteam #exprealty #realtor #thebillradkeexperience🚀 Read the full article here: https://lnkd.in/dWuaA7VN

Property Industry Reacts to Rightmove House Price Index - Asking prices for homes coming to the market were flat this month, as the housing market continued to cool, the latest data shows. The Rightmove data, which is not seasonally adjusted, typically rises in the June period, although last year’s reading for the month was also flat: https://lnkd.in/e8ua5-2m #rightmove #housepriceindex #june2024 #houseprices #propertyladder #firsttimebuyers #buyers #sellers #mortgagerates

Whether you’re looking to upgrade or downsize, making the right move is key to your next chapter. In our latest blog, we offer expert advice for both move-up buyers and downsizers, helping you navigate the transition smoothly and make the most of your real estate journey. Don’t miss out on these valuable tips! #MoveUpBuyers #Downsizing #RealEstateTips #HomeBuying #RealEstateAdvice #NextChapter #UpgradeYourHome #SmartMoves #HomeSelling #HousingMarket

The latest figures released in Propertymark’s Housing Insight Report for April show that homes in the private rented sector remain extremely sought after among tenants, who are often staying put in their properties and in the sector for longer. Focus Finance Solutions www.theffs.co.uk 0330 133 1843 info@theffs.co.uk #property #realesetate #finance #mortgage #propertyinvestment #buytolet

🏡 While rates have climbed to their highest in over two decades, there are silver linings in this housing market. Opportunities are available for those ready to make a move. Read more below! #RealEstate #HomeBuying #MarketTrends