News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Patrick Mai / Metrostudy / April 23, 2013
3 Extraordinary Trends Occurring in Today’s Housing Market
Since the beginning of the recovery, the dynamics of the housing market have shifted drastically. Inventory of new single family homes, recently considered to be grossly oversupplied, has thinned out to historically low levels (below equilibrium in many markets). Listings on the resale market have also evaporated; now sellers, instead of buyers, have the upper hand at the negotiating table. Also, median home prices are on the rise as a result of supply constraints, a diminished volume of distressed sales, and renewed demandRead More
John Gittelsohn & Heather Perlberg / Bloomberg/Businessweek / April 4, 2013
Landlords seeking the highest returns for single-family homes should hit the road as rental rates weaken in Atlanta, Phoenix and Las Vegas, where institutional investors have flooded the market.
The best deals, measured by leases and the cost of becoming a landlord, are in Memphis, Tennessee, Saginaw, Michigan and Toledo, Ohio, according to a report today by RealtyTrac, a real estate data provider.Read More
Jed Kolko / Trulia / April 4, 2013
Rents rose just 0.1% year-over-year on single-family homes and 2.9% on apartments. Locally, rents on single-family homes are flat or falling in Las Vegas, Phoenix, and Atlanta
The Trulia Price Monitor and the Trulia Rent Monitor are the earliest leading indicators of how asking prices and rents are trending nationally and locally. They adjust for the changing mix of listed homes and therefore show what’s really happening to asking prices and rents. Because asking prices lead sales prices by approximately two or more months, the Monitors reveal trends before other price indexes do. WithRead More
Robbie Whelan / The Wall Street Journal / April 4, 2013
Where can you make the most money as a rental-housing landlord? Not California, according to a study released today by foreclosure-tracking firm RealtyTrac.
Using a formula that calculates cash purchase capitalization rates—or the annual net cash flow an investor can get from a rental property if it is purchased with cash—RealtyTrac found that Memphis, Tenn.; Saginaw, Mich.; Toledo, Ohio; and Ocala, Fla. were the most profitable places to rent out single-family homes. Each of these markets has an annual cash purchase cap rate of more than 10%.
The calculation goes something like this:Read More
Charlotte O'Malley / MULTIFAMILY EXECUTIVE / March 19, 2013
Call it revenge of the nerds. The top three rent-growth markets of 2013 all happen to be the nation’s top technology Meccas: San Jose, Calif.; Seattle; and San Francisco, according to New York–based market research firm Reis. No surprises there, as the Bay Area is a traditional rent-growth powerhouse, and Seattle isn’t exactly know for its low cost of living either.
But geeks don’t have all the fun. Perennially under-valued Minneapolis charts in the Top 5. And Fort Lauderdale, Fla., once the poster child of distress, ties for eighth place in Reis’ tally. The city’sRead More