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.
William D. Cohan / The Atlantic / September 19, 2013
The Blackstone Group and other members of the fast-money crowd have a risky new strategy for investing in real estate—this time as landlords.
For more than a generation now, like it or not, Wall Street’s financial engineering has helped determine whether the average American can buy a home. Once upon a time—before Wall Street stuck its nose under the mortgage tent—the formula for homeownership was pretty simple: if the neighborhood banker thought you would pay it back, you had a pretty good chance of getting a 30-year mortgage. The local touch gave both parties the incentive
Brad Hunter / Metrostudy / September 4, 2013
Analysis shows that move-up buyers are accelerating purchases, but entry-level buyers may continue to rent.
There was a heated debate over the past few months as to whether higher mortgage rates would have a negative or a positive effect on home sales. One group expected a surge in sales, as people try to beat further price increases. The other camp argued that there would be no surge, and the only effect would be a loss of buyers due to higher monthly payments and fewer affordable homes.
Metrostudy has been tracking the effects of higher mortgage rates on home sales and traffic in new-homeRead More
Lindsay Machak / MULTIFAMILY EXECUTIVE / August 23, 2013
Two of the nation’s largest states have seen the largest rent growth over the last year.
San Francisco tops the list of the 50 largest metropolitan areas with rent growth at 7.8 percent in the first half of 2013, while its neighbor across the bay, Oakland, comes in second with 6.9 percent.
San Francisco also posted the nation’s largest rent growth for all of 2012 with 8 percent.
The Las Vegas market fell to theRead More
Alison Rice / MULTIFAMILY EXECUTIVE / August 7, 2013
Case studies from our fourth annual Apartment Renovation Index survey show how multifamily firms are making strategic updates to drive rent growth and attract new markets.
When it comes to value-added renovations, developers face myriad choices: You have only so much money to spend but a million different ways to spend it.
But in many ways, renovations are all about matching the competition—to a point.
“You need to look at the new generation of product and what they are developing and delivering,” says Wes Fuller, executive director of investment at Charleston, S.C.–basedRead More