All Blogs
Risk
There’s nothing like a hard-boiled, stringent, specific, detailed, robust and comprehensive SOP (standard operating procedure), says K. David Melt, Expert Witness | Principal of Oculus Expert Witness, Oculus Realty & Oculus Development & Advisory Services …
Bottomed Out?
John Chang is the Senior Vice President – National Research and Investor Relations – Marcus and Millichap and is a great economic analyst. He’s measured, thorough, disciplined and personable. I respect him greatly and pay attention to his observations …
Rescue Me
From Utah Business – Advisor, “…we got kicked in the face” is how Dejan Eskic, senior research fellow at the Kem C. Gardner Policy Institute, bluntly puts it when describing how Utah has “…utterly failed to meet housing demand.” Per the article, and using statistics …
Multi in Millcreek
If you haven’t been in the Millcreek area recently take a spin through. Starting at 3300 South and 1300 East and going north to approximately 3000 South and east to Highland Drive, a total of nearly 1,000 apartments are either in the finish stages …
Boost Lease-Ups in 2024
In 2023, 416,500 new apartments were delivered into markets across the United States, the highest amount of deliveries since 1996, 27 years ago. The article claims that in 2024 there are 900,000 units under construction in the country with …
State of the Market: Q12024
The attached video clocks in at just over 9 minutes. In it, Mr. Jay Libek, National Director of Multiyear Analytics for CoStar, provides both a look back and forward focus comments. Mr. Libek notes: in Q12024, 104,000 units were absorbed, the highest amount of …
Both Sides Now
Real Page Analytics reports that apartment starts (new construction) are down 40% year over year. How long will the oversupply last? Market analyst Carl Whittaker of Real Page is predicting it won’t be until 2026-2027 when balance returns to the market …
Leader of the Pack
Admittedly, this story is from December-2023. As I write this, it is April 22, 2024. But in December-2023, landlords in 43 of 50 markets (86%) across the United States were offering concessions. At that time, Salt Lake City lead the pack with 54% of the properties …
Insurance Expense
According to the article, insurance cost is about 7% of a property’s total expense budget. But property insurance expense has increased by a whopping 27.7% for the year ending January 2024. And since 2018, the cost of insurance has risen by 129% …