Kevin Dixon, MSRE’s Post

The apartment market is seeing positive changes! After a boom in construction over the past two years, supply is up, vacancy rates are stabilizing, and demand is rising. This could mean higher rents for landlords in 2025! 📈🏢 #RealEstateTrends #ApartmentMarket #Landlords #RentIncrease #HousingMarket #PropertyInvestment #RealEstateNews #MarketShift #2025Forecast https://lnkd.in/gzZDP-V2

Recently apartment tenants have seen rent relief across the country in some of the biggest cities due to “the enormous amount of new supply being delivered by developers.” Despite this period of relief, we shouldn’t expect it to last too long. Apartment construction is beginning to slow due to a rise in interest rates and inflation, pushing construction costs up. That means supply will start to decline while demand is expected to slowly increase (exacerbated by higher home prices). Economic theory teaches us to expect a rise in rent again. #Apartments #PropertyManagers

Are we facing a #housing shortage? When you look at new job creation relative to total housing permits this cycle, the answer is no. As #multifamily construction has generally remained much stronger than single-family construction, new jobs to total housing even out nationally. This is one reason why the country has seen a significant divergence in the performance of #rentals relative to home pricing patterns. CoStar Group subscribers can click the link below to find out more: #CRE #Apartments

High Construction Costs Continuing to Push Rents, Housing Prices in New York City Contact me to discuss the latest scoop in real estate! #nycrealestate #nycrealestateagent #listingagent #buyersagent #firsttimehomebuyer #realestatenyc #brownharrisstevens #realestatelady #realestateforrealpeople #vonniesviews

Despite challenges in new apartment construction, there are pockets of opportunity in specific markets to acquire properties struggling to meet debt service during lease-up. This slowdown in new construction signals promising future returns for investors across the industry. #RealEstate #Investing #RIA

CENTRAL VALLEY – New home construction is still lagging from the previous two years but may pick up as interest rates begin to fall. Homebuilders constructed almost 30% fewer single-family homes in the Central Valley in the first half of 2024. As of July 25, builders constructed 2,178 homes in Madera, Fresno, Tulare and Kings counties compared to 2,986 during the same period in 2023. Statistics are from Construction Monitor, a trade industry website tracking commercial and residential building. For the same time frame in 2022 builders permitted 2,917 new homes. You can read this article and more at midvalleytimes.com // https://loom.ly/I7apkzs

The over supply of apartment units is starting to change. The vacancy rate stopped rising for the first time in three years last quarter, as demand for apartments rose to its highest levels since 2021, according to CoStar. The more than 1.2 million new apartment units that were built during the past two years are filling up. If that demand is sustained, landlords likely will have more pricing power starting sometime next year. https://lnkd.in/eyPwBD2B

Experts say more new construction homes needed to keep up with San Antonio housing demand Contact me to discuss the latest scoop in real estate! #texasrealtor #sanantoniorealtor #sanantoniohomesforsale #boernerealtor #boernehomesforsale #realestate #realtor #realestateagent #homesearch #housingmarket

As builders adapt to the challenges of affordability and lot shortages, the real estate landscape is witnessing a notable shift with the rise of townhome construction. 🏘️ Single-family attached homes soared 27% in Q4 2023, marking a 17-year high. 📈 Will you be adding any townhomes to your portfolio? #RealEstateInvesting #RealEstateAccounting #RealEstate #Townhomes