Campus Life & Style’s Post

Passed during the 2024 Colorado legislative session, HB24-1175 created a right of first refusal (ROFR) and/or a right of first offer (ROFO) for local governments to make an offer to purchase certain types of multifamily rental properties for the purpose of increasing the supply of long-term affordable housing or mixed-income units. Seems like this would be an encumbrance to owners and have the potential to affect the market for multifamily properties. I wonder if the local governments would also be bound to all terms of the contract beyond the price. Most government entities cannot act is quickly and freely as private buyers. I feel this is an overreach by the State and foresee a powder keg of issues for both buyers and sellers.

Buy or Rent when the kids are in college? When your kids are in college in Boston, it might be wise to buy a condo instead of renting. This way, your kids can live there, and you can rent out some rooms to their friends. Properties in Boston tend to appreciate, so when your kids graduate, you can sell the condo for a profit. This extra money can help pay off any college debt. Homes for sale in Back Bay!! Condominium Listings: 23 Median Liv. Area SqFt: 1,403 Median List $: $3,100,000 Median List $/SqFt: $1,589 Median DOM: 23 Median DTO: 13 Median Sale $: $3,075,000 Median Sale $/SqFt: $1,589 Most expensive sale $6,500,000 Least expensive sale $515,000 Ready to make your next best move? You know who to 📲 (617) 340-9135 https://lnkd.in/eHDP6t5 #DNARealtyGroup #Boston #GreaterBostonRealEstate #RealEstate #Flip #Build #Buy #Sell #Invest ☎️ #BostonPropertyBrothers 🐞🌎☕🏘🏝💫☕🏙 #MARealEstatee #DNARealtyGroup

President Biden's recent proposal to cap rents at 5% has sent the housing industry and the economics world buzzing. Economists of various ideological leanings cite years of research showing that aggressive rent control policies have often backfired, protecting renters from being displaced but failing to reduce overall prices in many cases for new tenants. There is an industrywide fear that limited rent stabilization rules, once enacted, inevitably expand to cover more units, hampering profits and limiting construction. Many in housing development research hope that this latest debate will lead to bipartisan conversations in Congress next year about ways to encourage, subsidize or directly finance more housing. The New York Times #housing #rentcontrol

The GSEs' most recent rent reporting update tells us what they want us to know, not what we need to know. Please click on the photo to see the full blog

USC Forecast Predicts Rising Rents and Commercial Real Estate Financing Struggles - WestsideToday Contact me to discuss the latest scoop in real estate! #homesmartegr #Homeownership #SylmarHomes #ChatsworthHomes #PorterRanchHomes #LakeBalboaHomes #NorthHillsHomes #NorthridgeHomes #californiahomes #losangelesrealestate

Question: What is something that almost every buyer wants, and nearly every homeowner wants to know how to add to their property? Answer: an ADU (Accessory Dwelling Unit). ADU’s have been such a hot topic lately, I’m here to share more about some recent developments that could reshape the way we approach property investments and development projects. Have you heard about AB 1033? It's shaking things up in the real estate world by allowing Accessory Dwelling Units (ADUs) to be converted into condos. Each local municipality has to decide to adopt this ordinance, but AB 1033 opens the door to do so.  As someone deeply passionate about real estate, I'm fascinated by the potential of this new legislation. It's not just about giving homeowners more flexibility – it's about tackling the housing shortage and creating new opportunities for investors. Imagine turning your ADU into a condo and unlocking a whole new income stream. Plus, this legislation could have far-reaching implications for the real estate market, potentially influencing property values, rental markets, and urban development patterns. I encourage you to delve deeper into this topic by reading the information I've linked below. I’m excited to continue to learn, adapt, and innovate in our ever-evolving industry. What are your thoughts on AB 1033? Have you considered how this legislation could influence your investment strategies or development projects? I'd love to hear your insights and perspectives! https://lnkd.in/gwkipcNF

Student housing preleasing is at 80%, keeping pace with last year's record levels. Rent growth remains strong at 5.3% in May, averaging 6% during the leasing season, outperforming general multifamily. However, concerns arise over potential FAFSA processing delays impacting preleasing in the summer and long-term enrollment. Let's strategize to overcome these challenges! #StudentHousing #RealEstate #EnrollmentTrends #YardiReport

🏠 Biden/Harris Propose National Rent Control! 🏠 What could national rent control mean for housing prices and supply? Our latest blog dives into the potential impact of this policy on the real estate market. Whether you're a landlord, tenant, or investor, find out how this proposal could shape the future of housing. 🏢 👉 Read more: https://lnkd.in/ezHF8YHC

#RENTIncreasesApproved! Meeting last night, the #RGB (Rent Guidelines Board) has approved rent increases for almost one million stabilized apartments. The carefully watched annual vote by the nine-person panel, voted to support an increase of 2.75% for one-year leases, with five voting in favor. They also voted to support two-year lease increases of 5.25%. Increases will go into effect starting Oct. 1st! These increases were slightly less than those that the board approved last year, as a very vocal group of tenants gathered outside of Hunter College on Park Avenue to express their anger…regardless of these increases #affordablehousing remains a top concern in NYC where the cost of living is high and while tenants struggle to pay the rent, landlords are faced with the high costs of property taxes, insurance, mortgages and maintenance. #RentStabilization Douglas Elliman Real Estate Scott Durkin Stephen Larkin Hal D. Gavzie