Archive for Multifamily Market

Apartment Investments Forcast To Do Well In The Coming Years.

Commercial Property News reports, in an article titled Investors Lured to Apartment Buildings, that, "…over the long term, apartments could become an appealing investment as new apartment development becomes scarcer."
In recent weeks the commercial lending market just blew up.  There is little if any money out the for big projects.  Apartment development will be down [...]

Cheap Homes And Accessible Loans Means There Is Additional Pressure On Apartment Owners.

A bad home market like we have now is usually a good market for apartment owners so it’s no wonder:
 
"Organizations representing the rental side of the real estate market are lobbying against proposals for home buyer assistance.
The National Multi Housing Council (NMHC) and the National Apartment Association (NAA) both oppose proposals for a federally financed [...]

Commercial Markets Eroded By Current Economy But Multifamily Is Fairly Positive

Below is a report put out by the NAR about the current commercial real estate markets.  It’s not surpriseing news.  The information is on a national level but translates well, overall, to the Greater Phoenix commercial real estate market.  At the bottom is a multifamily national outlook.
"The disruption in the capital markets means many commercial [...]

Greater Phoenix 2 to 4 Plex Real Estate Market Update

The small multifamily income market in Maricopa County, sale have been on the rise over the last few months.  In October 27 such properties sold.  That is a small increase over 21 last month but a large increase over the low of 9 in February 2008.
Total inventory -tough still very high- is down as are [...]

Multifamily Investment Sales Update | September 2008

 24 multifamily properties sold in September in Greater Phoenix.  This is data from the ARMLS.  It does not include large properties: it’s mostly 2-10 unit properties.   The graph dispalys 20 becasue there were a few last minute closes after the graph was generated.  The previous numbers are correct. 
Of the 24 sales, 5 were normal:  that [...]

Where have all the tenants gone? Vacancy Rates in Greater Phoenix

The Phoenix Business Journal (9/26/08) has an overview of the apartment building vacancy rates.  I’ll add my thoughts to this relating to smaller multifamily buildings.

Reasonably when the market for homes goes down in sales and demand there is increased demand for rentals, both homes and apartments, "We were initially surprised to discover that what was [...]

Residential Multifamily Sales In Greater Phoenix August 2008

Sales of residential multifamily properties, 2-4 units with residential financing, have been on the rise since the beginning of the year along with the sales of single family homes.  In August 31 properties sold. 
There are currently 710, 2-4 unit properties active in Greater Phoenix.  38 are pending.   Just as with all multifamily properties very few [...]

Residential Multifamily Sales Update 2-4 unit in Greater Phoenix

Residential multifamily refers to 2-4 units properties or multifamily properties financed by residential financing like Fannie Mae. 
In July 12 such properties, duplexes, triplexes and fourplexes sold.  See an analysis just for fourplexes in Greater Phoenix. 
 

There are 44 pending properties or properties that have found a prospective buyer.  Since the buying process of a small income [...]

Fouplex, 4 plex, Sales Update in Greater Phoenix July 2008

Unlike the sales of single family homes in Greater Phoenix small income properties have not experienced that same surge.  This is mainly due to the financing requirements.  A home can be purchased for 0 down-payment or 3% but an income property will require 20-25% minimum down-payment unless you’re purchasing it owner occupied which is rare.

In [...]

Multifamily Is Gaining Popularity From More Then Investors.

Multifamily or Muli-unit properties are regaining popularity not only amongst investment real estate buyers but buyers who want to purchase such properties for owner occupancy. 
This is trend which will probably grow and it presents an opportunity for builders and current owners to build and update existing properties to cater to this new clientel.
This type [...]

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