Pacific Investment Properties

Americans are a little more nervous about the direction of the multifamily housing industry now than they were immediately after the election. According to the latest report on consumer confidence by the University of Michigan, confidence in future economic prospects continued to slide in early July, with the report’s Expectations Index now 10.1 points below its January 2017 peak. Even so, consumers still feel reasonably good about the way things are now. Their assessment of current economic conditions regained its March 2017 peak in May, via MHN. PIP is now seeking agents for its firm. Queries to: [email protected]

New efforts to increase choice of Internet service providers could deter broadband investment in multifamily communities. The latest NMHC/Kingsley Apartment Resident Preferences Survey found that high-speed Internet service was ranked as the top apartment feature for 94% of respondents. PIP is now seeking agents for its firm. Queries to: [email protected]

#EconomyWatch | Apartment Rents Rising in Just Over Half of US. Twenty-six states and D.C. saw rental increases over the first six months of 2017, according to a recent ABODO report, with the largest average increases in South Carolina, Maine, Vermont and Rhode Island: http://bit.ly/2thP5Es PIP is seeking agents for its firm. Queries to: [email protected]

In many markets, a mismatch remains between supply and demand as developers overbuild luxury assets and skirt the financial difficulties involved in doing affordable properties. Overall, demand is expected to remain strong, given rising interest rates and current market conditions for potential first-time investors, according to MultiHousing News. PIP is seeking agents for its firm. Queries to: [email protected]

The national apartment vacancy rate increased in the first quarter due to a combination of high class-A construction deliveries and historic fourth-quarter absorption weakness being pushed into the first quarter, notes John Sebree, first vice president and national director of the National Multi Housing Group (NMHG) at Marcus & Millichap. Despite this historic drop in unit absorption, Sebree notes that the multifamily market segment remains strong from a historical standpoint. PIP is seeking agents for its firm. Queries to: [email protected]

While millennials continue to enjoy selfie-level attention from multifamily (and, indeed, surpassed boomers in 2016 as the largest living generation, according to Pew Research), baby boomers are still in the driver’s seat when it comes to purchasing power, household creation, and demand generation for apartments across the country, with population experts and developers in the know pegging the demographic as a primary market force over the next decade. Do you want to be a part of this sector? PIP is seeking agents for its firm. Queries to: [email protected]

Apartment Demand Is Up to Near-Record Highs: Apartment demand rose to 175,645 units across the U.S. in the second quarter of 2017, according to a recent report from RealPage. This number is up one-third from one year ago, and sits close to a record-high level of demand volume. This translates well for multifamily RE buyers. Do you want to be a part of this sector? PIP is seeking agents for its firm. Queries to: [email protected]

According to GlobeSt.com, the multifamily market segment remains strong from a historical standpoint. The market is experiencing a 4.1% increase in overall rent, and 242,000 new apartment units were absorbed in the past year, while demand for and investment in new units remain strong. Do you want to be a part of this sector? PIP is seeking agents for its firm. Queries to: [email protected]

The apartment industry's share of the national economy may be larger than you think. A study by the National Multifamily Housing Council and the National Apartment Association quantified the economic impact the multifamily industry has had on individual markets and the nation as a whole, by calculating the dollars spent and jobs supported from apartment construction, operations, and resident spending. The apartment industry as a whole contributed $1.3 trillion to the U.S. economy. Do you want to be a part of this sector? PIP is seeking agents for its firm. Queries to: [email protected]

Long-term fundamentals continue to favor renting versus owning, according to Commercial Property Executive. The high cost of homeownership and the lifestyle choices of millennials, the target demographic of multifamily REITs, will result in continued consistent demand for apartment units. Millennials are more likely to rent versus own. The high cost of owning a home and the slow recovery of the US single-family housing market also will support the rental sector over the long term. PIP is seeking agents for its firm. Queries to: [email protected]

Technology is now the main catalyst of change in the workplace. Companies are now using it more and more to make their employees more efficient at connecting with potential clients. PIP is seeking agents for its firm. Queries to: [email protected]

They say the most important factor in successfully investing in real estate is location, location, location. The location in which you invest plays a critical role in the success or failure of a property. There is one thing far more critical than location: real estate education. There is nothing more important to an investor than their education and PIP has decades of experience and education. PIP is now seeking agents for its firm. Queries to: [email protected]

Managing cash flow is arguably the most important task for investment property owners, particularly for those in the small-balance market. Investors need to take the time to thoughtfully prepare an accurate budget. When it comes to budgeting for multifamily properties, maintenance and repairs need to be included in the estimate. PIP is seeking agents for its firm. Queries to: [email protected]