New apartment communities must have amenities, right? Not necessarily. Our consumer research shows that the most valued amenity is frequently “low rent.” A recent survey by the NHMC showed that the two top community amenities nationwide are:
Read MoreAs expected, the Federal Reserve cut its federal funds rate today by 25 basis points (bps) to a range of 2.0% to 2.25%. This cut represents a marked change in the direction of monetary policy in the first half of 2019, following a hike of 25 bps in December 2018. Responding to evolving market conditions, the Fed also announced that it will end its balance sheet reduction program in August rather than previously planned in September.
Read MoreTook a trip to Creative Planning, a firm in Overland Park, Kansas, with my beautiful wife to take some time and get our affairs in order. Be sure you’re organized and that you have the best team ensuring everything is working together seamlessly. If you have any questions about getting your personal affairs in order, or would like some advice, reach out today.
Prices paid for goods used in residential construction decreased by 1.1% in June (not seasonally adjusted) according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics. The decline broke a four-month trend of increases and was only the fifth month over the past two years in which prices fell.
Read More18 Apartments in this Low Rise 50+ building. Just got a new roof, decks, paint and parking lot sealed. On McCoy park, just one block from Independence square, Truman Library and public Transportation.
Read MoreIn the 130 metro areas we analyzed, only 54% of Americans can afford a home priced 20% below the median home price in their area—a reasonable proxy for an entry-level home¹. The recent plunge in mortgage rates to 3.7% from 4.9% in November added just 3% to that affordability figure.
Read MoreAccording to recent data from RealPage.com, strong leasing activity this summer has pushed occupancy levels to their highest level in nearly 20 years. U.S. apartment occupancy hit 96% in May, up 60 basis points (bps) from April.
Read MoreWe see a lot of these "is it better to rent or buy" stories from time to time and we have covered them. However, the bottom line is that it's all about the local market conditions.
Read More
