Category Archives: Market Report

Important Change to I-94 Process

By: Kelly Dorsch | Published: April 29, 2013 | Categories: Industry Trends, Market Report

U.S. Customs and Border Protection recently announced that effective April 30, 2013, transferees arriving into the U.S. will no longer receive a hard-copy version of their I-94, as all information will now be stored electronically. However, the Social Security Administration and state driver’s license agencies will continue to require a hard copy of the I-94 …
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Future of the Housing Market Is “A Great Unknown”

By: Cindy Coin | Published: March 19, 2013 | Categories: Industry Trends, Market Report

Per Robert Shiller, of Case-Shiller fame, housing “is becoming more of a speculative asset”.  Sales in the housing market are well above the levels of a year ago and inventories are at their lowest levels in 13 years, but there are some growing fears that another bubble is forming in the housing industry.  Feeding those …
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US Rental/Destination Services Update – 4th Quarter 2012

By: Ranjit Gill | Published: February 1, 2013 | Categories: Market Report

To assist our service partners in managing United States rental market expectations, Dwellworks provides the following status update: Top Annual Rent Increases by Metro (Year-Ending  12/31/12)* San Francisco (8.0%) San Jose (7.7%) Oakland (7.1%) Denver-Boulder (5.9%) Nashville (5.1%) New York-New Jersey (5.1%) Houston (4.8%) Charlotte (4.6%) Portland (4.4%) Seattle-Tacoma (4.3%) * Source: MPF Research Demand      …
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Houston Rents Continue to Soar

By: Andrew Horvath | Published: January 29, 2013 | Categories: Market Report, Rental market update

As waves of young business professionals continue to relocate to the city of Houston, vacancy is down and rents are up. Two recent articles from CultureMap, a digital magazine for Houston and Austin, forecast these trends will remain consistent during 2013. Notable businesses contributing to the area growth include ExxonMobil and Chevron. With so many …
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An Increase in New Apartment Construction

By: Ranjit Gill | Published: January 4, 2013 | Categories: Market Report, Real Estate, Rental market update

A recent article in the New York Times highlighted the increase in construction of new apartments in Houston, TX as a result of the demand for more rental housing.  Much like other large markets across the country, Houston is almost at maximum capacity for apartment rental homes and rates have increased over the past two years.  …
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Downtown Chicago Rents Hit Record High

By: Andrew Horvath | Published: November 28, 2012 | Categories: Market Report

Rents at Class A apartment buildings in downtown Chicago have reached a record high in the third quarter of 2012, according to a recent article in Chicago Real Estate Daily.  This trend is based on a shortage of supply, and landlords are taking full advantage of these market conditions. Class A rents have increased 24% since the market’s …
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Fewer Homeowners Underwater

By: Cindy Coin | Published: November 15, 2012 | Categories: Market Report, Real Estate

According to an article from CBS News, negative equity dropped below 30% for the first time in years as home values rose on average 1.3% in three months.  Also, about 1.3 million more homeowners have surfaced from underwater mortgages as home prices continue to climb.  In the third quarter of the year, 28% of all homeowners …
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Population Boom in ND Causes Home Finding Challenges

By: Andrew Horvath | Published: August 27, 2012 | Categories: Market Report

According to a recent article in the fedgazette, the rental market in the Williston and Dickinson, ND area continues to be a challenge because new housing is not being built fast enough to handle the large demand of workers in the oilfields and related industries.  In Williston, simple trailer homes are selling over $100,000 from …
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10 Cheapest Cities to Live In

By: Rob Carlson | Published: August 21, 2012 | Categories: Market Report

Kiplinger Personal Finance Magazine released their list of the 10 cheapest U.S. cities to live in based on the cost of living expenses.  Those costs include housing, medical care, utilities and groceries among other items.  The list is heavy with southern cities and definitely reflects areas where housing prices and rents are well below the …
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Challenges in the Boston Rental Market

By: Andrew Horvath | Published: August 15, 2012 | Categories: Market Report

According to a recent article in the Boston Globe, the rental market in Boston continues to be a challenge with low vacancy rates and soaring rental amounts. The vacancy rate, low in 2011 at 3.8%, is now at 3.1%.  In popular regions such as Back Bay and South End the vacancy rate is barely 1%.  …
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