Forging Ahead

Renter Demand Shifts Toward Class B/C Apartments The apartment vacancy rate has fallen to a decade low of 4.5%, and the asking rent has soared to a historic high of 10.5%. By: Scholastica (Gay) Cororaton Commercial & Investment Real Estate, Rental Properties Original source: https://www.nar.realtor/blogs/economists-outlook/commercial-weekly-renter-demand-shifts-toward-more-affordable-and-suburban-class-bc-apartments

Instant Reaction: Housing Starts, September 21, 2021 Total housing starts and housing permits made decent gains in August compared to the month prior, but the focus was on multifamily units. By: Lawrence Yun Original source: https://www.nar.realtor/blogs/economists-outlook/instant-reaction-housing-starts-september-21-2021

Thriving Office Market in Secondary Cities With remote and hybrid workstyles bolstered by the continuing pandemic, office space demand continues to be on the decline except in secondary cities. By:  Scholastica (Gay) Cororaton Commercial & Investment Real Estate Original source: https://www.nar.realtor/blogs/economists-outlook/commercial-weekly-thriving-office-market-in-secondary-cities

Impacts of Student Loan Debt on Homebuying Uncovered Experts from the housing & higher education fields & NAR policy thought leaders discussed how the student loan debt crisis affects the… Media Contact: Tori Syrek Student Loan Debt Original source: https://www.nar.realtor/newsroom/impacts-of-student-loan-debt-on-homebuying-uncovered-at-realtor-policy-forum

Instant Reaction: Jobs, October 8, 2021 The job additions of 194,000 in September are light considering there are still 5 million fewer Americans working now versus before the pandemic. By: Lawrence Yun Original source: https://www.nar.realtor/blogs/economists-outlook/instant-reaction-jobs-october-8-2021

Commercial real estate owners and managers are feeling increasing urgency to boost the energy efficiency of existing and new buildings. Original source: https://www.nar.realtor/commercial-connections/green-by-necessity