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There is a Severe Shortage of Rental Housing at Every Price Point Now - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

There is a Severe Shortage of Rental Housing at Every Price Point Now

Apartment vacancies hit another historic low in September, declining to 2.7% for a fourth consecutive month of record-breaking lows.  New lease demand in the year ending in September 2021 also i...

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Top California Markets for Multifamily Transactions - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Top California Markets for Multifamily Transactions

Thanks to solid performance in the multifamily sector, investors continue to forge ahead with notable ventures across the country. Year-to-date through August, California markets saw substantial inves...

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Infrastructure, Climate Change Key to Economic Outlook - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Infrastructure, Climate Change Key to Economic Outlook

Economists moderated their outlook in NABE's most recent survey. But there's good news, too. The current economic debate is a good illustration of the limits of forecasting. Many of the central issue...

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To Evict Or Not To Evict? What Comes Next For SoCal Landlords? - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

To Evict Or Not To Evict? What Comes Next For SoCal Landlords?

California's statewide eviction moratorium expired last week, but residents of Los Angeles county may still be protected against eviction proceedings if they are unable to pay rent due to hardships ca...

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U.S. Home Prices Extend Streak of Record-Setting Annual Growth - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

U.S. Home Prices Extend Streak of Record-Setting Annual Growth

U.S. home prices have done it again, setting another high-water mark for annual price gains. S&P Dow Jones Indices said Tuesday that the S&P CoreLogic Case-Shiller U.S. National Home Price NSA...

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Labor Shortages, Wage Increases Should Abate Next Year - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Labor Shortages, Wage Increases Should Abate Next Year

Marcus & Millichap is predicting labor shortages and wage increases will continue to be headwinds for CRE this year, but they should abate a bit in 2022. There is a 2.5 million worker shortage al...

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Apartment Demand Hits Record Cyclical High - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Apartment Demand Hits Record Cyclical High

Consumer demand for apartments hit a record high in the third quarter of this year, with new data from RealPage showing that the nation’s occupied apartment count jumped by a staggering 255,094 ...

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How to Make Sense of Where Cap Rates Are Headed - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

How to Make Sense of Where Cap Rates Are Headed

The big takeaway from last week’s meeting of the Federal Reserve appears to be that interest rates will rise next year – and that has many CRE professionals asking if cap rates will also g...

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 Uh-Oh, Growth is Slowing. Is CRE Next? - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Uh-Oh, Growth is Slowing. Is CRE Next?

Nobody likes being corrected, especially an entire industry. But some are suggesting that one is overdue in commercial real estate. And some outside data seem to say that things are slowing. JP Morga...

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Zillow Estimates 0.6% of Nation's Renter Pool to be Evicted - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Zillow Estimates 0.6% of Nation's Renter Pool to be Evicted

Zillow projects a 50 percent rise in evictions coming out of the expiration of the federal eviction moratorium, or roughly 1.5 times what they would typically have been before the pandemic, according ...

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