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Tim Bruss shares insights on prioritizing upgrades and maximizing ROI to attract and retain residents.
ReadHomeownership Rate Drops to 51-Year Low
The U.S. homeownership rate fell to a five-decade low in the second quarter of 2016, according to the Census Bureau. At 62.9%, the homeownership rate is exactly where it was in the first quarter of 1965.
After reaching a high of 69.2% in the fourth quarter of 2004, the percentage of homeowners dropped dramatically as residents faced the worst recession since the Great Depression. Meanwhile, the rental vacancy rate – which includes all forms of rental housing — dropped to its lowest level since the fourth quarter of 1985.
Read more at Axiometrics.com
Company News
Justin Fossum and other thought leaders detail the wide array of data and factors that multifamily investment firms employ when identifying markets for new acquisition opportunities.
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Hamilton Zanze’s successful renovation efforts included upgrades to the apartment homes, building exteriors, common-area amenities and landscaping. The improvements focused upon enhancing the resident experience and enabling the
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