Rents fall behind inflation
Tracking rents is important for understanding the dynamics of the housing market. For example, the sharp increase in rents helped me deduce that there was a surge in household formation in 2021 (September 2021:...
Labor Department quietly cuts employment growth in half
The labor market increasingly resembles the imposing visage of the Wizard of Oz, with disappointment behind the curtain. Just look at the latest job numbers.
Recent data indicate the economy added about half as many...
L.A. homeless tower building cost rings bells
Gym, balconies, restaurant, soundproof music studio, business center, located in downtown Los Angeles, and it’s pet friendly.
Sounds like a pretty good hotel, four-stars at least.
Sounds like it, but it isn’t. It’s the new Weingart...
Economics and the hidden order
The “real world” is calling. But the real world is a real mess. So how do we clean up the mess? That’s a massive task: too big for any one person. This looks like...
Millennials rising
Millennials are now wealthier than previous generations were at their age. They can’t believe it either.
The median household net worth of older millennials, born in the 1980s, rose to $130,000 in 2022 from $60,000...
The price of disorder
I was once pitched a deal in the heart of the Amazon—Manaus, Brazil. What was I buying? Firstly, a commercial asset. But I couldn’t shake my concern around governance. The sanctity of a contract...
Market set for recovery
The multifamily housing market is showing promising signs of recovery, with recent data from CoStar Group revealing a significant increase in demand and stabilization of vacancy rates.
Absorption rates have notably risen from 118,000 units...
Categories hit hardest by inflation
Despite inflation cooling to the lowest level in more than three years in July, there’s no way around the fact that consumer prices in the United States have risen sharply over the past three...
Has capitalism come at the expense of the poor?
Perhaps the most amazing fact in all economic history is the unprecedented rise in wealth per person that has taken place in the last two centuries, following the Industrial Revolution. But it remains a...
Market demand sets stage for few rent hikes
While asking rents for new leases nationally are running nearly flat over the past 12 months, those figures are heavily influenced by the Sunbelt, where record-high supply has turned rent growth negative in some...
INFOGRAPHIC: A luxury vibe
High-income millennials and Gen Zers are choosing Class A apartments over home ownership. Is it a lifestyle choice or the economy?
National Class A rents average $660 to $2,000 below the average monthly mortgage
Hospitality-focused apartments
Class...
New metrics make Midwest investment attractive
Recently, the Midwest has shown surprising growth and economic resilience, making this region an attractive candidate for multifamily development, investment and general interest.
Often considered the slowest growing region in the U.S., the Midwest has...
