Scholastica (Gay) D. Cororaton, CBE’s Post

If you’re interested in investing in the South Florida rental market , check out our report. #absorption rates rose in April 2024 and the median asking #rents picked up in #vacation home and #affordable markets in April 2024 in the Southeast #Florida. After declining in the second half of 2023, #multifamily asking rents held at their current levels in April from the prior month in #MiamiDade, #Broward, #PalmBeach and #MartinCounty. However, multifamily #asking rents rose in zip codes associated with cities that are #vacation markets: #HobeSound (10.3%), North #PalmBeach (8.7%), #Boynton Beach (8.2%), Palm City 4.0%), Jupiter (3.4%), and #Boca Raton (2.8%). With #renters looking for #affordable homes, markets where the median asking rents of the zip codes were below $2,500 saw strong rent growth such as #Stuart (2.3%), #DelrayBeach (2.3%), #Homestead (1.3%), and #LakeWorth (0.6%). Asking rents are likely to continue to pick up in the affordable Class B/C apartments even with significant construction underway (Class A which where the median rents will be higher).   Check out the report in the link below. I've included lots of historical zip code level data from rental listings on the #MIAMI #MLS and Rental Beast (non-MLS data). Miami Association of Realtors MIAMI Commercial #miamiforwardfocus #miamiforwardthinking

Some real good information and insight on the South Florida residential rental community.

Asking #rents are rising again in Southeast Florida after last year's downturn. The median #multifamily asking rents rose from the prior month in March 2024 in the counties of #MiamiDade (1.8%), #Broward (1.9%), #PalmBeach (4.3%), and #Martin (4.8%), although the asking rent fell in St. Lucie (-2.5%). The #MiamiDade market area is undergoing intense #construction activity, with 24,000 units under construction, or 19% of inventory. Another 18,000 units are under construction in #FortLauderdale and #PalmBeach, adding 10% to inventory. #Affordability conditions, #job growth, #migration are driving SE Florida's multifamily and single-family rental market. Check out the March 2024 report at https://lnkd.in/eTjzaK9M Miami Association of Realtors MIAMI Commercial BROWARD-MIAMI, a Division of MIAMI REALTORS® JTHS-MIAMI, a Division of MIAMI REALTORS® Young Professionals Network (YPN) Miami Rental Beast

San Antonio is growing fast! Over 100k new residents are expected in the next 3 years, signaling big opportunities in residential real estate. This article explores the implications for the market and what this growth means for the city's future. #SanAntonio #RealEstate #Texas

Take a deep dive into the markets grappling with the highest vacancy rates in multifamily housing, from Myrtle Beach-Conway-North Myrtle Beach to San Antonio and beyond. According to this Globe Street article, "throughout the U.S., May 2024 was the seventh month in which average occupancy was at least 94.1%, suggesting stabilization." What factors do you think are driving this trend? Is the South Carolina part of this equation a case of "build it and they will come" or overexuberance? #SCRealEstate #SCCommercialRealEstate #Sperry #SperryKEYGroup #MultifamilyRealEstate

Thinking of breaking into homeownership but concerned about the cost of single-family homes? A condominium or townhome might be the perfect option for you. These homes often come with a lower price point, making them a more accessible entry into the housing market and allowing you to start building equity sooner. Since condos and townhomes are typically smaller, they tend to be easier on your budget. According to Realtor.com, condos usually have a lower asking price than single-family homes, making them a great alternative if you're looking for something more affordable. Even better, builders are now focusing more on these types of homes. In fact, the National Association of Home Builders reports that the share of townhomes being built is at an all-time high. That means there are more options available if you broaden your search to include condos and townhomes. Aside from the financial benefits, living in a condo also comes with perks like low maintenance, access to amenities (such as pools or community spaces), and a built-in sense of community. And while your first home doesn't have to be your forever home, starting with a condo or townhome can help you build equity for the future. #dialedin #amplifyyourbusiness #spokanerealtor #idahorealtor #dreamteam #realvantage #foxdenrealty #moveandco #movetospokane #movetocda #cdaliving #spokanelife #trendingnw #tnw #trendingnorthwest #visitcda #visitspokane #spokanerealestate #idahorealestate #homesforsaleidaho #homesforsalewashington #coeurdalene #spokanelove #spokanedoesntsuck #cdalove

oday's Blog: The blog highlights Gardena's affordable housing market, showcasing various homes suitable for every type of buyer. It emphasizes the city's diverse neighborhoods, community amenities, and accessibility, making it an attractive option for families and first-time homeowners. The post also discusses the potential for investment in this vibrant area, encouraging readers to explore Gardena's hidden real estate gems. For more details, check out the full article here: https://lnkd.in/gX8bQ3H3

𝗗𝗲𝗺𝗮𝗻𝗱 𝗳𝗼𝗿 𝗛𝗼𝗺𝗲𝘀 𝗦𝘁𝗿𝗼𝗻𝗴 𝗮𝘀 𝗦𝗽𝗿𝗶𝗻𝗴 𝗚𝗲𝘁𝘀 𝗨𝗻𝗱𝗲𝗿𝘄𝗮𝘆 Residential activity in St. John’s was up by 𝟭𝟱.𝟲% on a yr-over-yr basis in April, while activity in the rest of the province posted an even more significant increase of 𝟯𝟱.𝟳%. The benchmark price for single-family homes in St. John’s was $𝟯𝟱𝟰,𝟯𝟬𝟬, up 𝟳.𝟱% over the past year! The number of new listings saw a gain of 𝟭𝟲.𝟳% from April last year but active listings are still the lowest in more than a decade, 𝟯𝟯.𝟯% below the 10-yr avg. Want to know your home value in this hot market? 𝗥𝗼𝗯 𝗕𝘂𝗿𝘁𝗼𝗻 𝗙𝗥𝗜⁠ 𝗥𝗘𝗔𝗟𝗧𝗢𝗥 | 𝗙𝗲𝗹𝗹𝗼𝘄 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗲⁠ (𝟳𝟬𝟵) 𝟲𝟴𝟮-𝟮𝟯𝟰𝟱⁠ ⁠ #REALTOR #RealEstateAgent #RealEstate #RobBurtonToday #TeamBurton #NLRealEstate #HomeSweetHome #Home #Stats #November #Newfoundland #DiscoverCanada #ExploreNL #NewfoundlandandLabrador #ExploreNewfoundland #LoveStJohns 💐⁠

I hope everyone had a smooth September 1 moving day! I personally talked with multiple new landlords yesterday. Some of them were worried about their vacant units and wanted a course of action that can help them get their properties rented ASAP. Landlords and property managers with vacant apartments after 9/1 don't need to despair, they just need a plan- apartments are still renting. We are still seeing strong traffic on our full stack real estate ecosystem. As of this morning 1.73% of apartments across Boston are vacant, which is 61.68 percent higher than this time last year and more than double what it was on Sept. 1, 2022. This increase is significant, though it’s important to note that anything close to 2 percent is still very low— a more balanced market would typically see a vacancy rate of around 6 to 8 percent. I talked to Camilo Fonseca at the Globe about the real time state of our market, and he put a great article together on where we are today. We are certainly seeing some shifts occurring that are quite interesting and our real time data can see new patterns emerging. Our real estate technology allows us to not only look backwards but also make predictions on future patterns. Let me know your thoughts, and if you're worried about your vacant unit please don't hesitate to message me for strategic advice. #BostonApartments #BostonRealEstate #BostonRealEstateMarket #Vacancies #VacancyRates #Landlords #LandlordTips #PropertyOwners #StateoftheMarket #MostListings #MostLandlords #MostKeys #MostApartments #MostData #MostLeads #MostDeals #MostTrusted #BostonPads

Where else would you get real time numbers, statistics and market insight such as this? Please read the attached article from the Boston Globe #bostonpads