Good News!
By Ilaina Jonas NEW YORK, July 7 (Reuters) – U.S. apartment rents rose and the vacancy rate fell to its lowest level in more than three years in the second quarter as economic trends and limited apartment construction kept the rental market tight, according to preliminary data from real estate research firm Reis. In a report issued on Thursday, Reis said the April-June vacancy rate fell... Read More »
By Christina Williams of Sustainable Business Oregon. Portland held on to it’s second-place ranking in Site Selection annual report on green metro areas. Site Selection magazine released its annual Green Guide Tuesday and the Portland The City of Roses continues to get more accolades on a National basis. The latest is a high ranking among greenest cities, but we have also recently... Read More »
This article is from CoStar…one of the top names for real estate data research. Yet another example of why the Portland multifamily market is expected to do well! By Mark Heschmeyer June 22, 2011 What better time than the summer solstice to shine a light on current market conditions. CRE firms and organizations released a broad array of mid-year market overviews and viewpoints this past week... Read More »
Homeownership rates continue their plunge. The vast majority of the millions of households that are no longer home owners have become renters. Many of these new renters have reported that they do not intend to buy into a home once the economy picks up. This is creating a new type of “Rent By Choice”. In the past RBC’s were pretty much the folks that could easily afford a... Read More »
From CoStar: Investor interest in U.S. multifamily properties continued at a healthy clip at the beginning of 2011, as investment sales dollar volume jumped 40% in the first quarter over the same period last year. More deals closed than in any quarter since mid-2005, according to CoStar Group data. Just under 4,000 multifamily sales transactions were recorded in the quarter at a total volume of $9.4... Read More »
