Robin Francis-Baker, MBA

🏗️ Texas Multifamily Market Update: Navigating 2024 Challenges The Texas multifamily sector is in a period of transition as we progress through 2024. Here’s what we’re seeing: 📈 Construction Costs: Up by 10%, challenging project budgets. 📈 Interest Rates: Increased by 5%, impacting financing strategies. 📈 Occupancy Rates: Holding strong at 94%, showing continued demand. Despite these hurdles, developers are stepping up with strategic planning and innovative execution to keep projects on track. The key for the remainder of the year? Balancing supply and demand while focusing on sustainable growth in a shifting market. Question... What strategies are you finding effective in managing the challenges of the multifamily market this year? #construction #innovation #management #future #multifamily

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🚧Hot Commercial & Public Work Construction Verticals in Dallas/Ft. Worth, TX🚧 As Dallas/Fort Worth continues to grow, the demand for commercial and public infrastructure construction is soaring. For general contractors, the opportunities are abundant. Here are the hottest verticals driving the DFW market: 1. **Commercial Real Estate Development** 🏢   With businesses flocking to DFW, there’s a huge need for office buildings, mixed-use developments, retail centers, and hotels. High-growth areas like Uptown Dallas and Legacy West in Plano are prime spots for new commercial projects. 2. **Municipal Buildings & Public Facilities** 🏛️   City and county governments are investing in civic buildings, libraries, fire stations, and police stations. Contractors with experience in public procurement and large-scale government projects are in high demand. 3. **Educational & Institutional Facilities** 🎓   The region’s population boom is driving demand for new schools, universities, and educational campuses. Contractors are working on projects for institutions like the University of North Texas and Texas Christian University. 4. **Healthcare & Medical Facilities** 🏥   As the DFW population grows, so does the need for healthcare facilities. General contractors are busy with hospital expansions, medical campuses, and outpatient centers, especially in the Dallas Medical District and Fort Worth. 5. **Urban Redevelopment & Mixed-Use Projects** 🏙️   Urban areas are transforming with mixed-use developments combining residential, commercial, and public spaces. High-profile projects in Deep Ellum and Fort Worth’s Near Southside are creating vibrant, walkable communities. 🔨 Key Takeaway for General Contractors: Commercial and public work construction in DFW is thriving across multiple sectors, and general contractors with the right expertise have a huge opportunity to take part in shaping the region’s future. From building state-of-the-art office buildings and infrastructure projects to developing critical public facilities and educational campuses, DFW offers a dynamic and diverse construction environment. For contractors focused on commercial and public work, the DFW market is one of the most exciting and fast-paced in the country. With projects in transportation, civic buildings, education, and healthcare, the future of construction in this region is full of opportunity.🌟 #CommercialConstruction #PublicWorks #GeneralContractors #DallasFortWorth #ConstructionTrends #MunicipalConstruction #HealthcareConstruction #BuildingTheFuture #DFWConstruction Ryan Rivera | Frank Ashford | Bryce Abrams | Geysser Dican | Alexander Tyra | Abby Kuligowski | Peyton Calfee

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Valued Insights Houston Multifamily Market Report Update 2024 Q2 Houston's multifamily market is booming, driven by strong job growth and increasing housing demand. Join Jason Beakley, Director at Four Corners Valuation, as he delves into the latest insights and trends in our second quarter 2024 report. Stay informed on the evolving landscape of Houston's housing market. Read the full report: https://lnkd.in/gu7vMEq2 #RealEstate #Texas #MultifamilyMarket #HousingTrends #FourCornersValuations

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Asking #rents on 2-bedroom #multifamily units in #Miami-Dade County continued to trend downward from historic highs achieved during 2021-2023, providing relief for renters seeking more affordable rents. The median asking rent on a 2-bedroom multifamily unit decreased to $3,000, down 10.4% from one year ago, based on 16,000 multifamily rental listings on the MIAMI MLS and Rental Beast, a tenant screening and listing platform. Asking rents continue to normalize to more affordable levels after surging in 2021-2022, hitting a peak of $4,000 in May 2022. Asking rents are up 43% from the pre-pandemic level of $2,100 in October 2019. The demand for multifamily housing is strong due to the area's strong #job growth and the #affordability of renting versus owning. In Miami-Dade, Martin County, the median asking rent on a 2-bedroom unit is cheaper than the expected #mortgage payment, insurance, and taxes (PITI) on a condominium unit by $600 and on a single-family home by $2,500. Rent growth will remain modest over the next 3 years with about 25,000 units under construction, according to Cushman & Wakefield. Get more info by scrolling our report below. Miami Association of Realtors MIAMI Commercial BROWARD-MIAMI, a Division of MIAMI REALTORS® JTHS-MIAMI, a Division of MIAMI REALTORS®

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Homeowner Tip: When you're mounting something on the wall with keyhole slots, lay paper over the slots and make a template by rubbing with a pencil. Then level your template on the wall and you'll know precisely where to position the screws. #oklahomarealestate #matthewreynoldsrealestate #ninenorth #homeownership #homeowner #homebuying #homeselling #realestate #firsttimehomebuyer

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4 Ways Lower Interest Rates Impact the Texas Property Market 🏦 Increased Buyer Demand: Lower mortgage rates make homeownership more affordable, driving buyer demand. This could help revive Texas' housing market, which experienced a 10.4% drop in sales over the past year. Potential Price Increases: With more buyers entering the market, prices are likely to rise. Texas home prices were nearly flat in August, up just 0.08% YoY, largely due to high rates. Faster Sales: Lower rates often lead to quicker sales. The current median time on the market is 50 days, up by 13 days YoY. A drop in rates could speed this up. Improved Affordability: Reduced rates lower monthly payments, helping offset today’s high income requirements - now over $100,000 to buy a median-priced home in the US. More of this please, Jay!

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Austin's housing market has hit a 13-year high, with inventory rising to 4.9 months from 3.4 months last year. This means buyers have more options and power to negotiate. Sellers, however, need to adjust their strategies to stand out. With more homes available, buyers can take their time, while sellers should focus on pricing right and making their homes attractive. This market offers both opportunities and challenges. Need help navigating your best move? 🏡 Learn more about the most recent market stats on our blog! #AustinRealEstate #HousingMarket #RealtyAustinCompass #YourNextHomeAwaits https://ow.ly/vvk850SrmQ9

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🌟 San Antonio Market Update & Tips for Success! 🌟 As San Antonio continues to thrive as a key player in the Texas real estate market, here are some essential tips for navigating this dynamic landscape: Stay Informed 📰: Keep up with local market trends and news. The latest reports indicate a steady increase in commercial development, making it a prime time to invest. Network Actively 🤝: Engage with local professionals through events and online platforms. Building relationships can open doors to new opportunities. Understand the Market 📊: Dive deep into neighborhood specifics. Knowing where growth is happening can guide your investment decisions. Leverage Technology 💻: Utilize tools and software to enhance your research and streamline operations. Tech can help you gain a competitive edge. Focus on Sustainability 🌱: More buyers and investors are prioritizing eco-friendly and sustainable properties. Consider how your projects align with these values. With the right strategy and insights, there’s immense potential for growth in our vibrant city. Let’s connect and explore the opportunities together! #SanAntonio #RealEstateTips #MarketUpdate #InvestInTexas #Networking #Sustainability

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As the housing market continues to navigate a complex economic landscape, recent presentations from the Texas Association of Builders, Zonda and Zillow during the State of the Industry Summit presented by Hotchkiss Insurance Agency shed light on current trends, challenges and opportunities in the Dallas-Fort Worth (DFW) area and beyond. These insights are crucial for industry professionals aiming to stay ahead in the competitive new construction market. https://lnkd.in/gBZmm-4S

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🔍 April's Market Statistics are in, revealing robust growth in the Central Texas real estate market, particularly in the Austin-Round Rock-Georgetown MSA. 📈 With a 5.9% increase in residential sales and steady price growth, it's a prime time for industry professionals to explore new opportunities. Read our comprehensive analysis in our latest blog post and stay ahead in this dynamic market. 🏡💼 Read on here: https://ow.ly/7Zkv50RHhi9 Your next opportunity awaits! 🏡✨ #PattenTitle #TruePartner #RealTitleSolutions #CentralTexasRealEstate #MarketUpdate

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𝗠𝗮𝗿𝗸𝗲𝘁 𝗨𝗽𝗱𝗮𝘁𝗲: 𝘈𝘳𝘦 𝘞𝘦 𝘪𝘯 𝘢 𝘉𝘶𝘺𝘦𝘳’𝘴 𝘔𝘢𝘳𝘬𝘦𝘵? Austin's real estate market is approaching a more balanced state, providing opportunities for both buyers and sellers. Properly priced homes are still going under contract and see the bulk of buyer activity. 𝗞𝗲𝘆 𝗧𝗶𝗽 𝗳𝗼𝗿 𝗕𝘂𝘆𝗲𝗿𝘀: Submit appropriate offers that reflect the market value. Lowball offers are generally unproductive. Want to learn more about prepping your home for sale or market values? Give us a call! Our team is ready to help. 📱: 512-537-9629 📧: [email protected] 🏡: www.bainresidential.com #RealEstate #AustinRealEstate #MarketUpdate #HomeBuying #HomeSelling #RealEstateTips #BalancedMarket #HouseHunting #PropertyInvesting #RealEstateAdvice #AustinPortfolioRealEstate #BainResidentialGroup

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DFW 2025: The report also touts DFW’s economic diversity. North Texas is home to 23 Fortune 500 companies, the fourth largest concentration in the country. The area has also seen annualized some of the best five- and 10-year returns on real estate of 7.9% and 8.8% respectively. It is the only Texas metro area with that distinction, the report states.

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The best opportunity in investing PERIOD ✅

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As we approach Austin's peak home buying season in June, prices are rising steadily—just more slowly than usual. This trend suggests waiting could cost more, as home prices aren’t falling. With a surge in new listings and strong buyer interest, evidenced by rising pending listings, the market remains balanced but poised for growth. 🏡 Considering buying or selling? Now might be the perfect time. Connect with one of our expert agents for insights on navigating Austin’s summer real estate market! 🌞 #AustinRealEstate #SummerHousingMarket #HomeBuyingTips https://ow.ly/Ejhx50RAxYE

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