In Case You Missed It: Week of September 26
Tech makes the ‘burbs cool again; rent growth soars in secondary markets; economic trends to watch in 2017; and more in this week’s multifamily news roundup.
Suburbs Will Soar on Wings of Tech
Bloomberg – September 29, 2016
“For a few years it seemed that Americans were moving to the cities, but now the trends are toward the suburbs once again. Long-turn trends favor suburbs even more.”
Secondary Apartment Markets Show Largest Gains with Occupancy Above 95%
MultifamilyBiz – September 29, 2016
“Year-over-year apartment rent declines in some of the nation’s highest-priced markets continued to affect the overall national market, as performance moderated in the third quarter of 2016, according to early figures from Axiometrics, a provider of apartment and student housing market intelligence.”
Ahead of the Curve: 3 Big Economic Trends to Watch
Zillow – September 29, 2016
“As we wrap up the third quarter of 2016 and turn our attention to Q4 and beyond (hello, 2017!), it’s important to understand some of the larger economic trends affecting the multifamily market and its renters.”
What You Need to Know About Investing in Crowdfunded Real Estate
Zing! Blog by Quicken Loans – September 28, 2016
“The sector has taken off since President Barack Obama signed the Jumpstart Our Business Startups (JOBS) Act in 2012. The JOBS Act removed a prohibition that previously prevented sponsors – i.e., the individuals or companies utilizing the money raised from a campaign – from contacting a subset of investors known as accredited investors.”
Five Trends Affecting Commercial Real Estate: Looking Ahead to 2017
National Real Estate Investor – September 26, 2016
“The U.S. property market landscape in 2017 will be characterized by continued strong fundamentals, increased investor flows and high transaction volume. As for the economic landscape, the U.S. continues to grow moderately and add jobs.”
Obama takes on zoning laws in bid to build more housing, spur growth
Politico – September 26, 2016
“The Obama administration Monday is calling on cities and counties to rethink their zoning laws, saying that antiquated rules on construction, housing and land use are contributing to high rents and income inequality, and dragging down the U.S. economy as a whole.”