The Chicago rental market continues to be a whirlwind, with demand remaining strong and prices steadily rising. #Habitat's EVP of Property Management, Sheila Byrne, provided key insights into the current state and future outlook of the market with Shanzeh Ahmad’s latest article in the Chicago Tribune. Sheila highlighted that Habitat is managing approximately 16,000 units in Chicago, with occupancy levels averaging at an impressive 95%. She emphasized that renters today are not just looking for a place to live, but for a lifestyle enriched with top restaurants, entertainment, and great amenities. Despite the high demand, the development of new units is challenging due to high taxes, insurance rates, and construction costs. As Sheila noted, "There’s going to be less coming out into the market in the next couple of years. Real estate is very cyclical like that. You see peaks and valleys." While the market faces these challenges, a significant number of new units are expected to be added this year, providing some relief and potentially more opportunities for renters. At Habitat, we are committed to navigating these market dynamics to continue providing exceptional living experiences for our residents. For the full article and to see the rest of Sheila's insights, visit https://lnkd.in/dNskwkux #RealEstate #ChicagoRentals #PropertyManagement #TheHabitatCompany #MarketTrends
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🏡💰 Thinking about investing in real estate? The rental market for single-family homes is thriving and shaping the post-pandemic housing landscape. But what do tenants value most in this market? Here’s what you need to know: 📊 A recent Point2 survey highlights these top features: * Pet-friendly accommodations: A top priority, with over 68% of renters being pet owners who view their pets as family. * Privacy, space, and a yard: House renters seek features typically associated with homeownership. * Upgraded kitchens: Modern, functional kitchens remain highly desirable. * Size matters: Detached 3-bedroom, 2-bathroom homes are the sweet spot for renters, offering just the right amount of space. 🗺️ Where’s the hottest market for investors? Miami! Investors purchased a staggering 30.6% of homes sold here recently. 💡 Ready to take the leap into real estate investment? Let’s connect and make your journey seamless—because here, real estate is made easy Marina Orfali DeRobertis ☎️+1(847)530-1593 www.marinaderobertis.com Berkshire Hathaway HomeServices EWM Realty The Monica Betancourt Group #RealEstateInvesting #RentalMarket #SingleFamilyHomes #RealEstateInvestor #HomeInvesting #InvestmentProperties #MiamiRealEstate #MiamiInvestments #SouthFloridaRealEstate #MiamiHomes #miamirealtor
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🏆 **Dinerstein Companies and Harrison Street Receive National Recognition for Build-To-Rent Success!** Big news in the real estate world! Dinerstein Companies and Harrison Street have been recognized nationally for their exceptional contributions to the Build-To-Rent real estate sector. With investments spanning senior housing, student housing, healthcare delivery, life sciences, and storage real estate, it's clear that these firms are shaping the future of sustainable and inclusive community living. This recognition underscores the growing significance of Build-To-Rent projects in addressing housing demands while creating tailored living experiences for diverse markets. Houston's real estate market continues to thrive with innovative projects like these driving the growth! 💡 Are you looking to explore investment opportunities, learn more about Build-To-Rent communities, or find your next home in Houston's dynamic market? Let **The Alam Group** guide you every step of the way. 📩 Reach out today—whether you're buying, selling, or investing, we have the expertise to turn your real estate goals into reality! #TheAlamGroup #TevasRealEstateGroup #HoustonRealEstate #BuildToRent #RealEstateNews #SustainableLiving #InvestmentOpportunities #TexasRealEstate 👉 *Follow us for the latest updates, property listings, and industry insights!*
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When you enter into the world of city living, you may come across different types of ownership in multi-unit buildings. The choice between a condo and a co-op is more than just a technicality; it’s a lifestyle decision. Condos offer clear-cut ownership, much like a single-family home, but with the convenience and camaraderie of community living. They're more like traditional real estate with a modern twist—amenities, shared spaces, convenience, and the added bonus of lower property maintenance. Co-ops, on the other hand, are about collective living; when you buy into a co-op, you're buying into a community, sharing in the building's triumphs and challenges. Typically, the entry process is more discerning, ensuring that every member is a perfect fit for the community's tapestry. Co-ops can be less expensive than condos in terms of initial purchase price because you're buying shares in a corporation rather than real property. While the financial commitment in a co-op includes a share of the building's mortgage and taxes, it also weaves you into the fabric of a close-knit neighborhood. When weighing condos against co-ops, remember that it’s not just the square footage but the sense of place and people that make a house a home. If you need help navigating the condo vs. co-op landscape, I am happy to assist you. #condoliving #coopliving #realestatetips #realestatemarket #realestateindustry
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In the heart of the #BostonRealEstate market, we're seeing a shift in the renting landscape - renters are staying put. A Redfin analysis predicts that by 2024, over half of Boston renters will have lived in the same place for five years or more. This is due to rising housing costs heightened by the Covid-19 pandemic, particularly profound in high-cost coastal cities like our beloved #Boston. This trend has a substantial effect on rent strategies and rental property operations. Landlords gain from longer tenant tenure through steadier rental income while avoiding costs associated with tenant turnover. Have you taken this into account in your real estate planning? Knowledge gaps in such overlooked issues can affect your Real Estate strategy. The right expert can help you navigate through such challenges. Reach out to Real Estate expert Joe Turco to gain deeper insights and solutions tailored according to your needs. Why not stay ahead by understanding the patterns shaping the future of Boston’s rental landscape? #BostonRealtor #eXpRealty #MovemetoBoston #TurcoGroup
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In a recent article, Commercial Observer discusses how the world of commercial real estate has rapidly changed since the pandemic. As rising insurance costs and climate risks reshape decisions, owners are adapting by diversifying their investments—from multifamily and retail to student housing and self-storage. The future of real estate isn’t just about owning space, it’s about providing experiences and actively managing assets. Note, Brinkley Morgan Partner William Kramer highlights an increase in clients seeking self-storage centers across Florida and Puerto Rico. As young people increasingly need extra storage space, demand for self-storage centers continues to rise. However, with rising costs and risks, the decision to diversify into this sector has become more complex than ever. As for why that pattern has cropped up? “It’s easy,” said Kramer, who noted a self-storage demand from young people in need of extra space. “It’s low maintenance.” Read more: https://lnkd.in/g3xxZg9f #FloridaLawFirms #FloridaLawyers #FamilyLaw #RealEstate #MarketTrends
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Should You Build or Buy? As someone with over a decade of experience in real estate and years of building single-family homes and townhouses for top companies like Beazer Homes, I understand the pros and cons of both building and buying. The Atlanta real estate market offers diverse opportunities—whether you’re looking for the charm of a pre-owned home or want to customize your dream space from the ground up. Buying may save time and upfront costs but might come with maintenance issues. Building gives you the freedom to customize but can involve delays and higher costs. With my background in construction and real estate, I can guide you through this important decision with expert advice tailored to your needs. 📞 Call me at 770-652-6528 to discuss your options. www.TheMattBrownGroup.com Let’s navigate the Atlanta market together and find the perfect path for you! #AtlantaRealEstate #BuildOrBuy #AtlantaRealtor #DreamHome #KW #TheMattBrownGroup #RealEstateExpert #ConstructionKnowledge #YourFavoriteRealtor #AtlantaRealtorLife
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A new multi-family affordable housing development broke ground this week in Detroit. Detroit Land Bank Authority "The Claire" is a $9.17-million project that will bring another 42 new affordable housing units to Detroit. The project is expected to be completed next year. "This is the way the city is coming back," Mayor Mike Duggan said. "We're going to make sure people of all incomes can afford to live here." Vacant for almost 25 years, the Claire, a 1920s vintage apartment building formerly called The Clairwood, will undergo extensive rehabilitation to offer studio, one-, two--, and three-bedroom apartment units. Of the 42 units, a total of 27 will have rents set between 50 to 80 percent of area median income (AMI). Under the agreement, affordability of the apartments is guaranteed for the next 11 years. To learn more about multifamily real estate investing follow Darrick Muhammad Credit: @metrodetroitnews #realestate #bigdeals #realestateinvestor #realestateinvesting #realestateinvestors #investments #investmentproperty #wealthymindset #love #wealthhacks #propertyinvestment #multifamilyinvesting #apartmentinvesting #investormindset #successtips #residualincome #investing #apartmentinvestor #followus #likepost #luxurylistings #luxuryhomes #wealthbuilding #financialfreedom #financialliteracy #buildingwealth #passiveincome #passiveinvesting #detroit
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In the ever-changing landscape of #BostonRealEstate, are you tracking the boom in the suburban condo market? This shift resulted in an overwhelming condo inventory downtown, hinting that our focus may need a rethink. Not only are more people choosing suburban living over apartments, but the Boston condo market is also showing a rapid turnover rate, even more than houses. While it may seem like all roses, developers predict an upcoming correction due to overpricing. This calls for a crucial review of our strategies. Are we overlooking the potential pitfalls of the thriving condo market by not diversifying our portfolio to suburban homes? It's key we adapt our operations to the evolving demand, and not just follow the crowd. It's time for reflection and strategic action. Draw upon industry expertise to navigate the rising tide. For deeper insights, consider reaching out to expert Joe Turco at Turco Group. #Boston #TurcoGroup #BostonCondo #BostonRealtor
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Columbus Thrives: A Bright Spot in the Apartment Market Friends, exciting news from our vibrant city! Columbus, Ohio is defying expectations and showing remarkable resilience in the face of economic headwinds. Let me share some fantastic insights: 2.9% rent growth over the past year - placing us in the top 10 major markets nationwide! Smart, measured development: 5,800 new units completed, just 25% above pre-pandemic levels. We're growing responsibly! Demand is booming: 19% more units occupied compared to pre-pandemic averages. Hotspots like Northeast Columbus (4.1% growth) and Bexley-Whitehall (3.8% growth) are leading the charge! Sure, Downtown faces some challenges, but the overall picture is incredibly positive. With our construction pipeline set to slow, we're poised for even healthier rent gains and sustained growth. This data paints a clear picture: Columbus is a rock star in the national apartment market. Our city continues to attract talent, foster innovation, and provide fantastic opportunities for residents and investors alike. What are your thoughts on Columbus' remarkable performance? How do you see our city evolving in the coming years? Let's discuss in the comments! #ColumbusOhio #RealEstateMarket #EconomicGrowth #CityOnTheRise #ApartmentRentals #UrbanDevelopment #InvestInColumbus #OhioEconomy #RealEstateInvestment #CityPlanning #RentGrowth #HousingMarket #EconomicResilience #MidwestGrowth #BusinessOpportunities #TalentAttraction #SmartGrowth #CommunityDevelopment #UrbanLiving #PropertyManagement
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Portland's real estate market isn't just about owning property—it's about tapping into a city that's evolving and growing in exciting ways. Here's why investing here could be your best move: Consistent Demand 🌟 Portland's neighborhoods range from walkable urban hubs to family-friendly suburbs, offering options for buyers and renters alike. These areas see strong appreciation and rental demand year-round. Thriving Rental Market 💰 With rising demand and limited housing supply, Portland's rental properties offer competitive yields, making them a reliable investment. Sustainability Sells 🌱 As a leader in green living, Portland attracts eco-conscious buyers. Homes with energy-efficient upgrades or eco-friendly designs often sell faster and at premium prices. Surrounding Growth 🚀 Affordable suburbs like Beaverton and Gresham are seeing increased demand, offering space and proximity to the city—great for long-term investments. Appreciation Through Development 🏙️ Portland's infrastructure improvements and revitalization projects drive steady value growth. Investing now lets you benefit from these developments for years to come. Portland combines lifestyle, opportunity, and long-term growth potential. Let's explore how investing here can work for you. 😊 #portlandrealestate #pdxinvestments #homesforsaleportland #portlandliving #oregonrealestate #portlandhomesforsale #pdxrealestate #portlandinvestments #homesinportland #portlandrealtor
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Social Services/RSC at The Habitat Company
11moOutstanding industry leader! Insightful article! Opportunity to learn new facts from one of the top experts in the industry. Kudos