Multifamily Real Estate: A Roadmap To The Present And Future
Welcome to the October 2023 edition. In this month's issue, we will explore recent multifamily real estate trends. Whether you're a current investor, a potential investor, or just curious about the housing market, we have something for you. Read on to discover the latest trends, insights, and projections.
As we embark on this Halloween season, let's remember that the real estate market can sometimes be as mysterious as the dark corners of a haunted house. Just like the surprises that await you behind every door while trick-or-treating, the world of multifamily real estate can offer both tricks and treats.
Let's dive into the details!
"Stay Tuned For An Exciting New Upcoming Investment Opportunity Tailored For Accredited Investors!"
More details to come on the new opportunity in the coming weeks! If you haven’t invested with us or just want to learn more, schedule a call today.? Click the button below.
Property Sneak Peek
Property highlights:
Cameron Run
East Point, GA
Units: 284
Date Acquired: December 2022
Purchase Price: $35,000,000
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2023 Rent Growth
The multifamily real estate industry maintained healthy performance in August, with the average U.S. asking rent up $1 to $1,728, a 1.5% year-over-year increase and 20 basis points below the July rate, according to the latest Yardi Matrix survey of 140 metros. Rent growth marked a 420-basis-point decline since the beginning of the year, tightly tied to supply expansion on a metro level. Occupancy in the sector has remained at 95% for the past four months. Meanwhile, single-family rents rose 0.5% year-over-year to $2,104, signaling deceleration in the high-end segment.
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领英推荐
U.S. Commercial, Multifamily Mortgage Delinquencies Increase in Q3
According to the Mortgage Bankers Association's latest commercial real estate finance Loan Performance Survey, U.S. delinquency rates for mortgages backed by commercial and multifamily properties increased during the third quarter of 2023. The delinquency rate for loans backed by office properties now exceeds those of loans backed by retail and hotel properties, while the delinquency rates for multifamily and industrial property loans remain below 1%.
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There’s Never Been a Worse Time to Buy Instead of Rent
It is now 52% more expensive to buy a home than to rent one because of climbing mortgage rates. With homeownership out of reach for many households, landlords would typically be able to push rents higher. That hasn’t been the case. The current wave of new supply has kept rent growth muted.
If you want to discuss new ways of generating passive income, click the button below.
Multifamily Real Estate: A Roadmap To The Present And Future
Watch our latest webinar on, “Multifamily Real Estate: A Roadmap To The Present And Future.”
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Best Regards,
Crown Bay Group