Real estate news & trends
Latest news from YoChicago
Rents
Yesterday CoreLogic released its April MarketPulse Report (PDF, free registration required). The report includes a discussion of housing’s anticipated contribution to economic growth and an analysis of single-family rental supply and demand trends. Key findings in the report include: Increasing equity has revived buyer demand, and trade-up opportunities are increasing for some buyers. Investor demand ...
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Posted by Joe Zekas on April 24, 2013
Marcus & Millichap just published its data-packed 2013 National Apartment Report (free registration required). The money quote for Chicago: Tenant demand will exceed completions this year, further tightening vacancy and cementing Chicago’s place among the Midwest’s leading apartment markets. Roughly 80 percent of new market-rate rentals slated to come online in 2013 are in the ...
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Posted by Joe Zekas on January 31, 2013
Marcus & Millichap has just published its Third Quarter 2012 Apartment Research Market Report (PDF, Registration required). Here are some of the highlights for the City of Chicago: More projects are under way, but few have yet to come online. In the past 12 months, 166 market-rate rentals were delivered in the city. The total ...
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Posted by Joe Zekas on July 11, 2012
Marcus & Millichap’s 2012 National Apartment Report (PDF, registration required) just became available online. The report summarizes information about apartment markets in 44 large US markets. The outlook for Chicago: Completions will increase, but tenant demand will grow at a faster pace, reducing vacancy in Chicago for the third consecutive year in 2012. Occupancy and ...
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Posted by Joe Zekas on January 18, 2012
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