Richard Redding’s Post

🏙️OKC Rent Growth Continues to Outpace National Average as U.S. Multifamily Market Faces Slower Expansion According to Yardi Matrix's August report, the U.S. multifamily market is seeing signs of slowed growth, with national advertised rents decreasing slightly by $1, though still up 0.8% year-over-year. In contrast, Oklahoma City continues to outperform the national average, with its rent growth at 2.5% in Q2 and projections to reach 4% by year-end. As the national market adjusts to high supply volumes and stable occupancy, OKC's balanced development pipeline offers opportunities for steady rental income growth and investment.💲💲💲

What’s the Biggest Driver Behind Oklahoma’s Booming Population Growth? Affordability!! A recent study ranked Oklahoma #1 for the lowest cost of living in the nation. 💡 According to data from GOBankingRates, housing costs in the state are 32% lower than the national average, and the overall cost of living is a remarkable 14.8% lower. With the average family’s annual cost of living at just $62,898 compared to the national average of $72,967, it’s no wonder people are drawn here. Add in lower grocery and utility costs, and you’ve got an ideal environment for both families and businesses alike. Oklahoma’s affordability is a key driver of its population growth, making it a prime spot for investment!! 📈🏡 #Oklahoma #CostOfLiving #RealEstate #CommercialRealEstate #PopulationGrowth #OKC #AffordableLiving https://lnkd.in/g5edi7fU

RealPage's 2024 National Multifamily Renter Study reveals a significant demand for flexible payment options, with 93% of renters expressing interest in alternative schedules! Multifamily owners who find creative ways to meet these expectations may see increased tenant retention. #MultifamilyTrends #TenantRetention

🚫 Proposition 33: California’s Rent Control Battle & Why Midwest Markets Like Oklahoma Offer Stability for Investors This legislation could overturn the Costa-Hawkins Act, allowing cities to expand rent control, which would limit rent increases and potentially lower property values. This kind of policy makes investing in California riskier for landlords and could hurt profitability. In contrast, investing in Midwest markets like Oklahoma offers stability. Oklahoma is more landlord-friendly, with fewer regulative polices that hamstring landlords. That means you can adjust rents based on market demand without worrying about strict controls. If you're looking for long-term security and better returns, Midwest markets are a safer bet!! #OKC #MMG #multi-family

On Market: Ash Tree & Jackson Square | 204 Units | Edinburg & McAllen, TX Investment Highlights: ☑️ Prime Location in Booming McAllen & Edinburg Markets ☑️ Significant Opportunity to Enhance Unit Interiors ☑️ Immediate Upside through Natural Rent Growth ☑️ Historically High Demand Submarkets View Offering: https://lnkd.in/gyrpSknm Contact Michael Moffitt Alex Thompson Thomas Rodriguez Brad Madison Michael Watson Thomas Skevingtons Skevington for more info or to schedule a property tour! #mmgrea #justlisted #multifamily

Closed! Congratulations to our client on the successful sale of Autumn Ridge, a 60-unit multifamily property. This is our fifth LIHTC closing in Oklahoma this year. 🏘️ The demand for affordable housing remains strong among both market-rate and affordable housing owners as they seek quality construction at a lower basis! #justclosed #clientsuccess

Had a blast representing the team at the InterFace Conference this week! The outlook for Oklahoma multi-family is bright— month over month absorption this year is has increased substantially, and new construction starts in 2024 have dropped off. Take this in account with our booming population, we are set up for steady growth in occupancy and rent as we look to 2025!! Big thanks to Stuart Krous, Colton Howell & Nate Ulepich for joining as well. #MMG #Interface #multifamily

While the numbers show a decline in new permits, this can actually benefit current multifamily owners. With fewer new units entering the market, we may see rental rates climb and occupancy levels rise, leading to a stronger bottom line.  #RentalGrowth #MarketTrends