Apartment Insiders’ Post

The Nashville real estate market in 2024 showcases impressive growth, with median home values appreciating by 30.7% to approximately $455,304. The median sale price has risen to $440,000, marking a 5% increase from the previous year. This upward trend highlights the market's vitality and appeal. February 2024 saw a 14.6% increase in housing inventory compared to January, indicating the market's ability to meet demand. This surge suggests a positive outlook for buyers and investors alike, making it easier to find suitable properties. Overall, Nashville's real estate market is on a path of sustainable growth, offering promising opportunities for investment and homeownership. Its resilience and dynamic nature make it an attractive option in the real estate sector. #NashvilleGrowth2024 #MusicCityRealEstate #HomeValueSurge #InvestInNashville #NashvilleHomesForSale #RealEstateTrends #NashvilleMarketUpdate #SustainableGrowthNashville #NashvillePropertyBoom #FindHomeInNashville

Apartment rents in Austin have taken a significant dip ⬇ The median rent fell by 4.7% year-over-year, the largest drop among the nation's 50 largest metros. This is a result of the rapid influx of new apartment units, with over 26,700 delivered in 2023 alone 🏢. The current median rent now sits at $1,577, offering renters more negotiating power than ever before 💼. For owners and operators, this means it’s time to rethink your strategies. Ensuring your properties stand out is crucial—think competitive pricing, appealing amenities, and leveraging tools like Rent.'s dynamic advertising solutions. Let’s chat about how you can navigate these changes and come out on top. Reach out to discuss how Rent. can help you make the most of this evolving market! https://lnkd.in/dCsgW5eZ #MultifamilyMarketing #AustinRealEstate #RentalMarket

The national rental-housing market has continued to cool, with differing outcomes based on geography and unit type. Recent analysis by Realtor.com reveals significant year-over-year declines in apartment rental rates in several Southern markets. Notably, Nashville, Tennessee, and Austin, Texas, lead these declines. Austin, Texas, in particular, has experienced an 8.3% annual drop in asking rents and an 11.5% decrease since reaching its peak in September 2022. #RealEstate #RentalMarket #HousingTrends

🏠🌟 Understanding Home Affordability in Nashville 🌟🏠 In today's Nashville real estate market, several factors are influencing home affordability: - Existing owners have low interest rates and do not want to move. - General contractors are carefully managing inventory to stabilize prices and manage costs. - First-time buyers are facing challenges with stagnant wage growth and higher overall costs. - Despite increasing inventory, demand continues to outpace supply. As professionals in the real estate industry, it's crucial to stay informed about these dynamics. Let's discuss how these factors shape our strategies and decisions in serving clients effectively. #NashvilleRealEstate #HomeAffordability #RealEstateMarket

🚨 BETTING ON NASHVILLE! 👉 Demand for Nashville apartments is nearing an all-time high. 👉 Apartment vacancy rates remain relatively high (in the core), but the gap is slowly starting to close as new development slows. 👉 If demand remains intact (which it will), as it is predicted to over the next few years, the city is at risk of a large shortage. “We still have a tremendous shortage of multifamily supply. We have a glut of supply coming on right now, but that's not going to last,” ERIC S. DEEMS - Land Broker, broker at Land Advisors, told the Business Journal. 💯 I'm bullish on Nashville...what do you think? #realestate #realestateinvesting #musiccity #sports #entertainment #multifamily #apartments #syndication https://lnkd.in/e9r7ik_7

"The US apartment rental market is experiencing a significant shift! The data shows a dramatic slowdown in rent growth, with only a handful of major markets exceeding 3% year-over-year increases. Key takeaways: Negative Growth: Many cities previously known for skyrocketing rents are now experiencing negative growth, including Austin, Atlanta, and Phoenix. Market Normalization: This trend suggests a potential return to a more balanced rental market after a period of rapid increases. Read more: #CRE #CRENews #Brokers"

Get savvy: Nashville enters 2024 as renter's market, indicating better deals Contact me to discuss the latest scoop in real estate! #Hendersonvillerealtor #Gallatin #realestateagent #homesearch #realestateinvesting #housingmarket #tennesseehomes #tennesseelisting #tennesseerealtor

How and where have New York #apartment rents changed since last year? After prices took a breather in 2023, neighborhoods are averaging 7% growth year over year (YOY) for Q2 of 2024 (Studio – 4 bed, < $10,000). Not all neighborhoods saw rent increases however. Williamsburg, Turtle Bay-East Midtown, Forest Hills, and Prospect Heights are some of the notable neighborhoods that saw prices cool off YOY. These popular neighborhoods might be feeling a bit rent fatigued as the city looks to find some resemblance of an equilibrium after its significant run up in 2021 and 2022. Source: Zillow.com / RentHop.com apartment listings #apartment #rent #housing #realestate

Over the past year, apartment rent growth has been relatively flat in the Seattle metropolitan area. The trend represents an improvement from mid-2023, when the Puget Sound region experienced two straight quarters of year-over-year rent decline. Last year, rent growth decelerated in the Seattle region, primarily due to a disconnect between supply and demand. Developers added about 7,800 units in 2023. At the same time, absorption — a measure of the change in the number of occupied units from one period to the next — came in just under 5,800 units. The outlook for the year ahead suggests that a slowdown in deliveries and a modest uptick in demand should rebalance the market. We expect that annual rent growth will near 4% by the end of the year. My latest article on the CoStar website is available to subscribers.

Another notch. #ThursdayCRE #CommercialRealEstate #CommercialDebt #CommercialInsurance After several months of rent declines, some high supply markets – namely Austin, Raleigh-Durham and Nashville – recorded increases in May, fueled by strong absorption, according to Yardi Matrix. Austin, which was -5.8% year-over-year in May, posted month-over-month gains of 0.5% in the luxury segment, which Yardi calls the Lifestyle sector and 0.4% in its renter-by-necessity category. Raleigh-Durham, which was -2.4% year-over-year, posted 0.9% growth in Lifestyle and 0.7% growth in RBN. Nashville, -1.7% year-over-year, posted a 0.6% increase in Lifestyle and a 0.4% increase in RBN. In general US rents rose 0.3% month-over-month in May, with 26 metros posting modest gains, it reported. Rents rose 0.3% month-over-month in the RBN segment and 0.4% in the Lifestyle segment #SourcingAndSelling #SellingAndSourcing #Retwit #2024 ~ If you have real estate, and you are willing to entertain offers, have debt to refinance, or in need of insurance for your properties, reach out to me with the details: Lance@RealtyByLance.Com 305.203.2070 ~ Contact Us for Commercial Investments, Financing and Insurance. ~ Multifamily, Industrial, Hotels, Office, Retail, Development Sites, Plus. #ListWithLance #LanceLoans #LetLanceInsureYou #CRE #Owners #InvestmentProperties #Multifamily #Industrial #Hospitality #Retail #Development #Construction #Commercial #CommercialTransactions #CommercialFinance #CommercialInsurances #CommercialTitleAndClosing #CommercialProperty https://lnkd.in/eMN8hSTU