Since the housing market reached its slump, more and more homeowners have resorted to renting – causing vacancy rates to fall. Last month, though, Manhattan's apartment vacancy rate increased. For the first time in nine months, Manhattan saw an increase in apartment vacancy rate in August. In the same month, lesser rent concessions were also provided by landlords. This data came Read full article »
Archives for Multi Family
Apartment Hunters Put Stress On Home Sellers
With home values fluctuating in the past few months and the job market still on shaky grounds, home sales continually drop month to month. The National Association of Realtors (NAR) revealed a 27% decline in July home sales compared to June. With more and more homeowners seeking refuge in home rentals, Apartments.com sought to profile active apartment hunters’ mindset through Read full article »
Commercial Real Estate In Incremental Rebound, Forecasts CB Richard Ellis
Even the industry’s largest real estate brokerage firm fell to the declining real estate market. But LA commercial real estate brokerage CB Richard Ellis has bounced back in the second half of 2009 after hitting the reds in the early months of the year. And now, its chief executive is predicting that the market will be on the rebound as Read full article »
Rentals Went Up As House Sales Went Down
The ongoing housing crisis proves that another man’s loss may be another one’s gain. While the housing sector continues to lose sales, the apartment trade is continually getting renters. The growth, though, may not be sustainable given the current economic state. In Orlando, the apartment sector fared well during the first half of the year. The number of vacant apartments went Read full article »
Beware Of Internet Scams On Apartment Rentals
There’s nothing more frustrating than being on vacation mode only to find out that the apartment you rented out over the Internet and paid for in advanced was not reserved to your name because it was part of a scam to milk you of your money. And there are a lot of these scams out there on the Internet nowadays. A Read full article »
Tenants Say “No” To Sale Of Their East Harlem Apartment
When you have experienced numerous incidents of bad treatment, it is but normal to walk away from another potential case of bad treatment. This is why it’s understandable how some tenants of several foreclosed East Harlem apartment buildings are staging a sort of protest against the new potential buyer of their apartment units. Having had to go through two landlords Read full article »
Zillow Partners With Apartments.com To Further Bolster Its Fattening Rental Listings Database
Following the upgrade it has instituted only nine months ago, leading real estate search site Zillow again padded its rental listings database by an additional 90,000 entries as the company moved to collaborate with Apartments.com. The tie up with the classified ventures site, according to Zillow, would provide the search site rich new listings of housing unit details, unit photos, minute Read full article »
Red Capital Reveals $136 Million Fannie Mae Refinance Loan Deal That Covers Eleven Properties In Ten States
Comprehensive capital provider Red Capital Group has announced on Wednesday that it has just secured a $136 million refinancing contract, through its mortgage banking affiliate, Red Mortgage Capital LLC, for the bulk acquisition of eleven properties spread over a total of ten states nationwide. The capital providing company said that the 11 loans were separately underwritten on a non-crossed basis, with Read full article »
tags: fannie mae, Red Capital
As The Property Crisis Continues, Commercial Real Estates Are Being Touted As The Next Big Loser
The recession pulled down whatever gains that the real estate sector has achieved during the previous years, with the housing market emerging as the biggest loser so far but recent developments were pointing to commercial properties as the likely new target. In Frederick County alone, Costar reported of double digits vacancy rates in commercial spaces as Marty Lapera of Frederick County Read full article »
Police Officer Shot In The Leg At A South Lake Apartment Raid
A policeman’s life is always in danger. And a raid in an apartment can prove very dangerous indeed; just like what happened with a South Jordan policeman last Thursday. Joint Criminal Apprehension Team’s 29-year old police officer Stevan Gerber was shot in the leg during a raid at a South Salt Lake City apartment. The shooting happened at around one in Read full article »
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