Viking Capital’s Post

According to data from RealPage Analytics, almost every one of the 150 largest apartment markets in the U.S. endured at least one quarter when move-outs exceeded move-ins between 2Q 2022 and 1Q 2023. Read on. #apartmentmarkets #housing

The nation is starting to see promising signs that apartment market fundamentals are stabilizing after a challenging 2023. Several positive trends are beginning to surface... Most notably, occupancy has remained steady at or above 94.1% over the past seven months. While this rate is still below past cycle norms, it’s an impressive feat given the current 40-year supply peak. April 2024 also marked the first month-over-month occupancy increase since February 2022. We’re also seeing a return to more typical seasonality in the market. The past two years saw occupancy declines during late spring and early summer—critical months for securing new leases. This year, however, there are promising signs of strong lease activity in the summer months. The modest increase in occupancy of 10 basis points in April and May is less than the 40 basis point average increase seen during the 2010s cycle. This muted seasonality is likely a result of the high supply levels. As we look forward to the full results for Q2, it’s important to note that year-ending Q1 2024 supply (480k units) is expected to increase by another 10% to 531k units by year-ending Q2 2024. Despite this, stable occupancy rates suggest that demand will be excellent by historical standards. At CPI Capital - Real Estate Private Equity, we are closely monitoring these trends to ensure our investors capitalize on the best opportunities in the multifamily real estate market. If you’re looking to invest in a stable and promising market, now is the time to explore our offerings. #RealEstateInvesting #MultifamilyMarket #CPIcapital #InvestmentOpportunities

🔥 Exciting News Update! 🏡 1. A recent study conducted by Redfin showcases a consistent trend with a recent Zillow report - rents are cooling in many regions. 2. Florida cities, particularly those with a surge in new apartment developments, are experiencing price drops in rental rates. 🌟 As we navigate through the real estate market, it's fascinating to observe these shifts and patterns taking place. 1. With rents cooling down, it might soon become a renter's market in certain areas, presenting new opportunities for tenants to secure housing at more affordable rates. 2. This trend could potentially lead to a more balanced and sustainable rental market over time. 💬 It's crucial for both renters and investors to stay informed and adapt their strategies accordingly as we witness these changes unfold in the rental market. 1. Understanding these fluctuations allows for better decision-making and potentially maximizing returns for investors. 2. For renters, it presents the chance to explore new housing options and potentially negotiate better rental terms. 🔍 Keeping a close eye on market trends and being proactive in adjusting strategies will be key in navigating the evolving rental landscape successfully. Let's continue to monitor these developments closely and see how the rental market landscape evolves in the coming months! #RealEstateTrends #RentalMarketUpdates #InvestingWisely 🏠💼

There is a remarkable multifamily demand surge brewing across the country right now, according to research by RealPage, Inc. Market Analytics. Q2 2024 demand soared, a fact reinforced by net absorption of 390,000 apartment units over the past 12 months. Researchers say that figure ranks No. 8 since the start of the new millennium. #CRE https://hubs.la/Q02G7mws0

The nation is starting to see promising signs that apartment market fundamentals are stabilizing after a challenging 2023. Several positive trends are beginning to surface... Most notably, occupancy has remained steady at or above 94.1% over the past seven months. While this rate is still below past cycle norms, it’s an impressive feat given the current 40-year supply peak. April 2024 also marked the first month-over-month occupancy increase since February 2022. We’re also seeing a return to more typical seasonality in the market. The past two years saw occupancy declines during late spring and early summer—critical months for securing new leases. This year, however, there are promising signs of strong lease activity in the summer months. The modest increase in occupancy of 10 basis points in April and May is less than the 40 basis point average increase seen during the 2010s cycle. This muted seasonality is likely a result of the high supply levels. As we look forward to the full results for Q2, it’s important to note that year-ending Q1 2024 supply (480k units) is expected to increase by another 10% to 531k units by year-ending Q2 2024. Despite this, stable occupancy rates suggest that demand will be excellent by historical standards. At CPI Capital - Real Estate Private Equity, we are closely monitoring these trends to ensure our investors capitalize on the best opportunities in the multifamily real estate market. If you’re looking to invest in a stable and promising market, now is the time to explore our offerings. #RealEstateInvesting #MultifamilyMarket #CPIcapital #InvestmentOpportunities

RealPage, Inc. data reveals the U.S. apartment market continued to stabilize in July, occupancy rates held firm at 94.2% for the third consecutive month. ➕ 𝐑𝐞𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡: July saw a modest 0.3% increase in effective asking rents, below pre-2020 norms but better than last year. Year-to-date rent growth stands at 2.2%, matching 2023. ➕ 𝐂𝐨𝐧𝐜𝐞𝐬𝐬𝐢𝐨𝐧𝐬: Stabilized with 14% of units offering discounts, but the average concession period rose to 28 days. ➕ 𝐖𝐞𝐬𝐭: Apartment occupancy is leveling off, down 10 basis points to 94.6%, with coastal markets above 95% and non-coastal markets below 94%. ➕ 𝐒𝐨𝐮𝐭𝐡: High supply pressures rents, with 18 key markets seeing declines. Florida and Texas are particularly affected, while Charlotte and Raleigh/Durham show rent growth. Atlanta experienced a 0.5% drop in July and a 5% decline year-over-year. Read the full report here 👉 https://lnkd.in/eEmygRCk #multifamily #apartment #rents #sunbelt #credaily #cre #realestate

There is a remarkable multifamily demand surge brewing across the country, according to research by RealPage, Inc. Market Analytics. Q2 2024 demand soared, a fact reinforced by net absorption of 390,000 apartment units over the past 12 months. Researchers say that figure ranks No. 8 since the start of the new millennium. #CRE https://hubs.la/Q02Gps4x0

The U.S. apartment market remained incredibly stable in August, with occupancy holding steady at 94.1% for the 10th consecutive month. Year-over-year rent growth was modest at 0.4%, with the Midwest and Northeast leading the way. In comparison to the strength of the U.S. apartment market, Redwood’s stabilized portfolio saw an average rent growth of 4.8% in the last 12 months. Read the full RealPage, Inc. article for more insights into the market trends and performance. #EquityInvestments #MultifamilyInvesting #BuildtoRent #InvestwithRedwood https://lnkd.in/gwg3qA2j

🏠 📊💡 Danielle Hale, Chief Economist at Realtor.com, sheds light on the rental market dynamics. The median asking rent is expected to show resilience, dropping only slightly. 🌐💬 Stay ahead of the curve with data-driven insights as we navigate the evolving real estate landscape together! 🚀🔍 #RealEstateTrends #MarketInsights #RentalResilience

Latest Rent and Occupancy Trends You Need to Know! Tom Lawler, renowned housing economist, has just shared insightful data on the latest rent and occupancy rate trends from two of the biggest players in the US rental market—American Homes and Invitation Homes. Whether you're an agent, investor, or simply keeping tabs on the market, these trends are crucial. Are rents rising or holding steady? What’s happening with occupancy rates? This data could give you the edge in your next deal! #rentalrates #realestate #rentalproperties #realestatemarket #vacancyrates #occupancyrates #realestatestats