Category Archives: Real Estate

The Balancing Act of Apartment Supply and Demand

According to figures released October 1 by real estate research firm, Reis, Inc., the US national apartment vacancy rate fell to 4.2% in Q3 from 4.3% in Q2. Collecting data in 79 US markets, Reis reported this was the lowest vacancy rate since Q3 2001 when the rate dropped to 3.9%.  While rents have risen […]…
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Appraisers Feeling the Heat as Chicago Housing Market Improves

Now that the Chicago housing market has picked up steam a bit, more comparable properties are available to consider in an appraisal. But appraisers say it doesn’t make their job of putting a value on property any easier. Per Alvin “Chip” Wagner in a Chicago Tribune article, “It’s an appreciating market, and the closed data that […]…
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Rental Vacancy Rates in Colorado’s Longmont Area

According to a recent article in the Longmont Times, for the past several years the Denver metro area (particularly Boulder County and the city of Longmont) has experienced a severe shortage in apartment units. Longmont’s vacancy rate for apartments is half that of the metro area, holding at 2.3% during the first quarter of 2013.  Boulder vacancy rates […]…
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An Increase in New Apartment Construction

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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Fewer Homeowners Underwater

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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More Jobs = Higher Rent

Median rents in Manhattan climbed 10% in September and are now approaching the all time high of 2006. With 77,400 new workers and a lack of significant new inventory coming online this trend is expected to continue for the foreseeable future.  Be prepared to discuss housing allowances. New York Magazine has the full story….
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Here We Go Again

Related Entries AG Warns Against Craigslist ScamsThe story below, published in the Westchester Journal News, is yet another reminder to renters that they need to be very careful to avoid scammers that are getting bolder and more clever. Working with a reputable broker is an easy safeguard against fraud.   Victims mount in rent scam. Con […]…
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AG Warns Against Craigslist Scams

Another spate of unsuspecting victims of Craiglist scams has prompted the New York state Attorney General to issue a warning to consumers to safeguard themselves against these corrupt practices. The Real Deal has the story. In addition to blatant fraud, it is an all too common practice to use Craigslist, and other websites, for bait […]…
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Speeding Up the Short Sale Process

In a recent post from dsnews.com, Ester Cho writes about a bill that has been introduced in the Senate to speed up the short sale process.  By speeding up the short sale process, the Prompt Notification of Short Sale Act looks to avoid losing homes to foreclosure as a result of the long lender response times […]…
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Rental Housing Availability Alert

Dwellworks is issuing an alert to all companies relocating individuals into or within the United States regarding the state of the nation-wide rental market. Several factors, detailed in this US Rental Market Alert Summer 2011, are driving prices up and availability and landlord concessions down. Watch this space for further updates….
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