People are delaying the decision to buy a home because they are not sure where prices are headed. If they buy and prices continue to soften, they feel that they will not have purchased at the optimal moment. They reason that, if they sit and wait, they can’t be hurt. This thinking assumes that a …
Tag Archive: apartments
May 06
Rental market continues to tighten
Fewer vacancies, higher rents The Market Tightness Index, which examines vacancies and rents, rose to a record 90 from 78 last quarter. … Almost four in five respondents (79%) said markets were tighter (lower vacancies and/or higher rents) and—for the first time ever—not a single respondent thought conditions were looser. According to NMHC Chief Economist …
Apr 28
Economy growing and rents creep up
Despite uncertain impact of world events, economic growth slowly continues After having expanded at an annualized rate of 3.1 percent at the end of 2010, our total economic output grew at an annual pace of 1.8 percent last quarter, the Commerce Department reported this week. This quarter’s moderate growth pace marks the seventh straight quarter of positive …
Apr 26
Greater share of renters spend half of income on housing
Highest in half a century The share of renters who spend more than half their income on housing is at its highest level in half a century — and, it’s no longer just low-income tenants who are feeling the pain, according to a new Harvard University study. About 26 percent of renters — or 10.1 million …
Feb 05
Rental market tightening with vacancies down
The rental market continues to be strong as challenging conditions for homeowners continue to frighten potential new homebuyers away from home ownership. The apartment industry continues its broad-based recovery, according to the National Multi Housing Council’s (NMHC) latest Quarterly Survey of Apartment Market Conditions. For the second consecutive quarter, 60% of respondents said markets were tighter …
Jan 17
Your next apartment may cost more
Why Your Next Place May Cost More , The New York Times, January 14, 2011 Brokers, developers and market watchers say that barring any significant economic hiccups, real estate values in Manhattan will continue to grow at a measured rate through 2011. But starting in 2012, after most or all the new projects that were stalled …

