Buy vs Rent in 2023 Redfin's latest report found that in only 4 major US metros , is it better to buy than rent. Those cities were Houston, Detroit, Philadelphia and Cleveland. The rest? Better to rent. Yes, mortgage rates have climbed and housing supply has cratered, especially in the single family market pushing house…
Canada's Real Estate Market is Bouncing Back Have you wondered about the housing market north of the US border? Is it investible and a positive environment for landlords and tenants? Let's take a closer and objective look at America's closest neighbor. Canada, with about the same population as California, saw home prices decline from the…
Apartment Rental Occupancy Rates Multifamily investors, landlords and property managers must manage well to avoid vacant units. The hit to profitability is high when churn or longer term vacancy due to legal issues, or construction rehab projects. For property pros time is money, yet occupancy rates which they're focused on, show how a property is…
USA Rent Prices It's been quite a ride for the rental property sectors for two years now. The pandemic, housing supply crisis and Federal stimulus spend converged to balloon rent prices and as that era passes, rents are coming back down to earth. It's obvious with this slowdown that with rising costs and falling revenues,…
New Jersey Residential Real Estate Market 2023 New reports show New Jersey may be the leading rental market in the USA for price and demand. NJ's proximity to metro NYC and Philadelphia elevates the interest in its residential real estate stock, and consequently for available rental housing in its many small to medium-sized cities. Are…
Better Tenant Retention and Lower Churn As house and apartment prices remain lofty, while the US economy cools, rent moratoriums end, property landlords and apartment managers will suffer through higher vacancy rates. If you're used to 98% to 99% occupancy rates, you're likely in for a surprise in the next few years. Fundamentally, vacancies are…
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