We’re at an interesting point in the real estate industry as a whole. The two demographics with the most spending power are also the two demographics that seem to be set on turning the ‘norm’ on its ear. While millennials continue to draw flack for...
Millennials are the obvious target demographic for hot new apartment properties as they move away from Mom and Dad, but what if their neighbors ARE Mom and Dad? Yes, empty nesters are starting to flock to apartment living as their children go off to college and...
According to the latest release of NAHB’s 55+ Housing Market Index, builder confidence in the 55+ housing market was up again in the third quarter. Eye On Housing excitedly reports that the single-family 55+HMI jumped nine points from the third quarter of 2013, to 59—the...
According to EyeOnHousing.org and the latest Census, there are significant gains in single-family and multifamily residential construction spending from just a year ago. In fact, multifamily construction spending increased 38.4%. While the home improvement component of residential construction spending is down 2.2% from the past year,...
According to the NAHBs latest 55+ Housing Market Index and eyeonbuilding.org, builder confidence in the single-family 55+ housing market for the first quarter of 2014 is at its highest. Compared to the first quarter of 2013, the single-family index increased 4 points to a level of...
Everyone’s talking about the buying habits of Gen Y. There's another population exploding once again, and they’re reshaping the multifamily landscape. According to a recent article on MultifamilyExecutive.com, the U.S. Administration on Aging estimates there will be more than 75 million people over the age of...
According to the Wall Street Journal, Fannie Mae and Freddie Mac are finally getting some private-sector competition in the business of financing loans in the debt market, at least in multifamily housing. Congress has been urging private capital to become the primary source of funding for...
Is the American Dream getting a makeover? RENTCafe experts analyzed a ton of data pertaining to apartment renting, and it confirmed a trend already evident around the nation. Many Americans are starting new households, downsizing from large homes, the appeal of a simpler, apartment life is...
How do apartment managers attract and keep up with tech-savvy Gen Y renters? What amenities are they looking for? Here’s one key: upgrades. They view rental communities just like their cars and smartphones– having the ability to constantly change and be upgraded. So what do “upgrades” look...
Is Generation Y really that social? Not online, but for community events? They may be, as long as there’s a specific focus with hands-on demonstrations. Stephens of Ross Management holds a positive view on this subject and says the current generation is indeed attracted to community...