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Category: Apartment Group

Investors See Effects of a Peaked Multifamily Market

April 5, 2018

Changes are on the horizon for San Antonio multi-family investments. Forecasts for renters in San Antonio this year may be great; however, several factors are making it tough to invest in multifamily properties. While renters may be rejoicing, investors are finding it hard to deal with the recent changes to the tax code, higher interests […]

Baby Boomers keep Millennials from buying homes- Housing Shortage Study

September 19, 2017

Baby Boomers may be somewhat to blame for continued housing inventory shortages. Boomers are reluctant to sell which leaves Millennials, also known as Generation Y, with fewer properties to choose from. The new Housing Shortage Study from realtor.com mentioned there is data behind the shortage of homes. Boomers hold a 78% stake in homeownership compared […]

Inclusionary Zoning is Stepping In

January 20, 2017

With Class A apartment construction steadily rising in the last few years, rents have continually risen higher, and higher, so much so that one in four working renters is paying 50% or more of their income monthly. “Inclusionary Zoning” would require developers to allow for a certain number of units to be priced accordingly in […]

San Antonio Apartment Rents Trend Upward

November 18, 2016

Although rents have dropped throughout the country or flatlined, San Antonio has seen a 6.1% increase compared to this time last year according to the National Rent Report by Zumper. Luxury apartment units that have come online throughout the city have helped in boosting citywide average rental rates upward. After analyzing 100 rental markets throughout […]

Apartment Demands Continue to Rise

October 17, 2016

Oversaturation in the San Antonio multifamily market has been on everyone’s minds as construction and permits have continued to rise quarter after quarter, however economic developments in the city make it clear that the absorption for new construction will be there. According to the Marcus & Millichap report for Multifamily in the 3Q, San Antonio […]

Apartment Supply & Demand

November 26, 2012

Earlier this year, there were signs that construction would spike in 2013, in the order of 150,000 to 200,000 units.  Developers have since postponed many projects to 2014, so that 2013 figures hover closer to 130,000 units – not far off from the pre-recession 10-year annual average of around 125,000 units.  The “bubble” now shows […]

San Antonio Snapshot: MultiFamily

October 19, 2012

San Antonio’s multifamily market has historically been exempt from the fluctuations typical of other Texas cities. Job growth is the most powerful force behind San Antonio’s multifamily growth.  The U.S. military has long been one of the region’s largest employers, and San Antonio has been the beneficiary of the Base Realignment and Closure (BRAC) activity, […]

LIHTC Apartment Update

September 21, 2011

In Austin, Apartment Realty Advisors principal Dave Fournier tells us affordable housing occupancy is particularly tight for the LIHTC properties that serve tenants at 30% of area median income and where average market rents are high (i.e. Chicago). In other words, renters are downgrading asset classes and driving up demand for affordable housing. All of […]

Apartment Sector Still on the Up

August 31, 2011

Apartment market conditions continue to improve across the board, according to the National Multi Housing Council’s (NMHC) latest Quarterly Survey of Apartment Market Conditions. “Demand for apartment residences continues to rise, even as the overall economy remains hampered by the aftermath of the housing bubble,” said NMHC Chief Economist Mark Obrinsky. “For the fifth time […]

Q4 2010 Apartment Occupancy at 91%

December 21, 2010

Provided by ALN Apartment Data, Inc.  Fourth Quarter has slowed the progress San Antonio has made over the rest of this year.  Rental Rates are down $2 since September and Occupancy is down 0.1 percentage point.  Nothing unusual about either of these figures as that is often the case as demand drops after Labor Day.  […]