Monday Multifamily Links

Cheap 30-year home mortgages have done little to boost housing sales as Americans bought 2.6% fewer homes in March.  Housing prices still are falling which continues to drive more Americans to rental units. Seattle Times: US rate on 30-year mortgage rises to 3.90% Ten Year Treasury Yields have dipped under 2.0% again to 1.93%. Bloomberg: … Read more

Monday Multifamily Links

Secondary and Tertiary markets should be seeing an influx of new investors reaching out of their comfort zones in the coming months according to a 2011 Colliers study.  Investors will be searching for the higher returns that they say are in the “non-core” markets.  The trading in the outer markets sees “two-thirds of the larger … Read more

Monday Multifamily Links

The Riverpark Apartments in Redmond have been sold by developer Legacy Partners to Chicago based Equity Residential for $95 Million. Seattle Times: Equity Residential pays $95M for Redmond units Ten year Treasury Yields are floating around 2.05% Bloomberg: Ten Year Treasury Yields According to Mike Scott of Dupre & Scott, “Job growth has been picking … Read more

Monday Multifamily Links

The Certified Commercial Investment Member Institute gives us some Market Trends they have observed from 2011 and offer an outlook at this year. CCIM: Market Trends First Hill in Seattle has gotten a proposal for two apartment towers by a Swedish pension fund.  A year ago the fund started buying property from foreclosure. Now the … Read more

Monday Multifamily Links

A 24-story apartment tower will finally break ground next week more than 6 years after it was proposed.  The original condo project went into foreclosure in 2009 and now a joint venture between Goodman Real Estate and Harbor Urban will be developing 249 rental units. Seattle Times: 24-story Apartment Tower Set For Second Avenue Downtown … Read more

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