Employment growth continues at rapid clip. Employers created 678,000 jobs in February, exceeding the 2021 monthly average of 560,000 positions. The strong opening salvo in hiring for 2022 has lowered the unemployment rate to 3.8 percent.
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GDP Growth Strong in Fourth Quarter; Fed Actions To Play Large Role in 2022
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Higher Mortgage Rates Create Favorable Reverberations for Commercial Real Estate
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2022 MULTIFAMILY NATIONAL INVESTMENT FORECAST
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Multifamily Developers to Plug Some Holes in the Housing Shortage in 2022
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Record Year for Job Growth Ending on Slower Note as Labor Slack Tightens
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New home listings elevate, but dynamics tell a different story
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Housing Construction Pushes Toward a Record; Still Not Enough to Meet Demand
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San Diego’s Extremely Tight Suburban Vacancy Rate Revives Class B/C Investment Activity
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A mixed-use complex in Coronado has been acquired with plans to redevelop it as townhomes. The investors plan to build 10 townhomes on the site that will sell for an average price of $2.5 million. Construction is expected to start in February 2022.
Hot Housing Market Spills Over Into Multifamily Rentals
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BIDEN ADMINISTRATION EXTENDS CDC FEDERAL EVICTION MORATORIUM FOR THE LAST TIME
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Civic Park Apartments, a 31-unit multifamily property in Vista, CA recently sold for $7.65 million. The buyer was an individual/personal trust.
Aaron Bove, senior vice president investments in Marcus & Millichap’s San Diego office, and Tyler Leeson, senior managing director in Marcus & Millichap’s Newport Beach office, had the exclusive listing to market the property on behalf of the seller, Civic Park Apartments LLC. The buyer was also procured by Bove and Leeson.
Surging Prices, Supply Shortages Have Impacts Beyond Housing Segment
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Join us in looking beyond the headlines of the new tax and 1031 Exchange proposals.
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Surging Home Sales and Prices Bolster Commercial Real Estate Outlook. Homebuying is being driven in large part by changing demographic trends that have been accelerated by the health crisis
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