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Three REITs to Consider in September

Sep 25, 2020

Three REITs to Consider in September

Real estate investment trusts (REITs) have taken a beating this year. The average REIT has produced a negative 22.7% total return. So why is it a good time to invest in one? Despite disappointing numbers, investors can take advantage of some high-quality REITs like Camden Property, AvalonBay Communities and Equity Residential. Yes, they’re all down from 13% to 29% this year, but they all have good balance sheets and excellent credit ratings. That high rating means that they h

Downtown Chicago Is Losing Lots of Apartment Renters

Sep 23, 2020

Downtown Chicago Is Losing Lots of Apartment Renters

American cities, beset by Covid-19, are losing people as worried renters flee to the relatively safer suburbs. And Chicago is no exception. According to the Chicago office of Integra Realty Resources, an appraisal and consulting firm, downtown apartment occupancy rate fell to 89.2 percent in the second quarter, its lowest level since 2002. Some tenants are fed up with the crime rate while others find themselves working from home and no longer want to pay big rents if they’re

New Report Shows Some Cities Seeing Rental Price Hikes

Sep 19, 2020

New Report Shows Some Cities Seeing Rental Price Hikes

All is not doom and gloom in the apartment rental market. While a number of large cities experienced falling rents, others continued to see rising ones, particularly in areas with high demand. During the second quarter, cities that were deemed Covid-19 hotspots, saw a decline in rents; yet others, despite high rates of infection and deaths, saw rents increase. Between April and June 2020, rents were down in Los Angeles by 5.42%, Miami by 3.97%, Seattle by 2.33% and Houston by

COVID-19 Slows Apartment Construction by 12%

Sep 18, 2020

COVID-19 Slows Apartment Construction by 12%

According to RENTcafe Blog, construction bans and crew shortages that came with COVID-19 have cut apartment construction by 12% this year. 283,000 new apartment units expected to hit the market this year, down from 321,000 in 2019. which is much less than a peak in 2018, said the report. While most U.S. metro areas will see construction slowing, there are some cities that are doing much better; three of them are in Texas: Dallas-Fort Worth, Houston and Austin. The biggest dec

Trump Administration EvictionPlan Has a Big Catch

Sep 12, 2020

Trump Administration EvictionPlan Has a Big Catch

The Trump administration announced a moratorium on most residential evictions through the end of the year effective Sept. 4 as the pandemic still rages across the country. The order, made public by the Centers for Disease Control, will prevent landlords from evicting most tenants through December. But renters who take advantage of this new eviction moratorium could wind up owing months of back rent starting in January. Renters will be responsible for paying back the delayed r

Prospects Uncertain for Multifamily Units During Economic Comeback

Sep 11, 2020

Prospects Uncertain for Multifamily Units During Economic Comeback

According to Fannie Mae’s Economic & Strategic Research (ESR) Group, the U.S. economy is poised for a comeback in Q3, but big job losses and shrinking city and state budgets could hamper multifamily development. Existing single-family home sales increased by 20.7 percent in June to 4.72 million annualized units while new home sales rose 13.8. However, despite the good news on from the housing market, multifamily starts jumped 17.5 percent in June. It sounds good, but Fannie M

Industrial Spaces AreBooming in Chicago

Sep 5, 2020

Industrial Spaces AreBooming in Chicago

E-commerce is booming and so demand for industrial distribution space is booming as well. Chicago’s projected to add up to 220 million square feet of product by year-end 2025, according to CBRE. That would bring the region’s industrial market up to 1.5 billion square feet. CBRE Research says that each $1.0 billion in additional e-commerce sales creates 1.25 million square feet of additional warehouse demand nationally. Amazon may be the biggest player now, but other companies

Amazon Becomes Chicago’s Biggest Growth Engine

Sep 4, 2020

Amazon Becomes Chicago’s Biggest Growth Engine

Love ‘em or hate ‘em, Amazon has emerged as Chicago’s biggest growth engine this year. Their timing is perfect. Beset by the pandemic that has destroyed many local businesses and put thousands of people out of work, Chicago needed a major economic boost. Now Amazon has provided it. Local unemployment in Chicagoland exceeds 15 percent, so Amazon's timing couldn't be better for people looking for jobs. "A year ago, they would have had a hard time finding that labor," says Craig

New Debates Rage over Mortgage Interest Deduction

Harold Willig

Oct 22, 2017

New Debates Rage over Mortgage Interest Deduction

Tight Housing Market: Bad News for Buyers

Harold Willig

Oct 7, 2017

Tight Housing Market: Bad News for Buyers

Wealthy Investors Opt for Real
Estate Instead of Hedge Funds

Harold Willig

Aug 20, 2017

Wealthy Investors Opt for Real Estate Instead of Hedge Funds

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