Tag: Rentals
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🏢 Former Racetrack Transforms into Thriving Community near Detroit
In a bold move, Michigan’s last horse racing track, Northville Downs, has given way to a visionary master-plan. The $248 million development, known as “The Downs,” is taking shape just 27 miles from downtown Detroit. Here’s what you need to know: Got questions? Ask away! 👇
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Built-for-Rent Housing Starts Continue to Increase
The housing market is at a standstill, with homeowners reluctant to move due to low-interest rate mortgages. New construction offers a solution to this crisis, but inventory shortages and soaring home prices make homeownership unattainable for many. Enter the rising trend of “built-for-rent” homes—a concept that’s gaining traction. What Is Built-for-Rent? Built-for-rent refers to constructing…
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San Antonio’s Real Estate Market Faces Challenges Amid Population Growth
San Antonio, Texas – The U.S. Census Bureau recently declared San Antonio as the fastest-growing city in the nation, with a staggering 22,000 people moving to the Alamo City in 2023. While this growth is exciting, it raises critical questions about the city’s real estate market. Can it handle the heat? Affordable Housing Concerns One…
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From Ghost Mall to Vibrant Community: The Rise in Cupertino, California
Silicon Valley’s once-abandoned Vallco shopping mall is undergoing a remarkable transformation. The Rise, a visionary mixed-use development, is breathing new life into this 50-acre site, replacing the former mall with a vibrant community that addresses Cupertino’s pressing housing needs. The Rise: A Bold Vision A Historic Moment for Housing In the heart of Silicon Valley,…
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Silicon Valley Luxury Home Market Heats Up Amid AI Boom
The Intersection of Technology and Real Estate Introduction The heart of innovation, Silicon Valley, is not only home to groundbreaking tech companies but also boasts a thriving luxury real estate market. As artificial intelligence (AI) companies experience explosive growth, their success is directly impacting San Francisco’s high-end housing sector. Let’s delve into the fascinating dynamics…
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Revitalizing America: The Rise of Adaptive-Reuse Apartments
In a remarkable resurgence, the United States has seen a significant boost in its housing stock, with nearly 13,000 apartments emerging from the transformation of obsolete buildings. The trend of adaptive-reuse in multifamily developments has surged, with a 17.6% increase in converted apartments compared to the previous year, introducing 12,713 new living spaces into the…
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April’s Real Estate Riddle: More Homes, Higher Prices, and the Investor’s Edge
In a surprising twist, April’s real estate market saw home sales dip despite a significant boost in inventory. For developers and investors, this signals a complex landscape where strategy is key. The median sale price for homes hit a new April record at $407,600, marking a 5.7% increase from the previous year. Inventory levels rose by 9% monthly and 16%annually, yet…
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Surge in Built-to-Rent Homes as Housing Affordability Wanes
In the face of a deepening affordable housing crisis, the construction of built-to-rent (BTR) homes has surged, with a record-breaking 93,000 single-family rental homes completed in 2023, marking a 39% increase from the previous year. This trend emerges as housing affordability hits its lowest point since the 1980s, compelling a significant portion of Americans to…
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U.S. Census Bureau Spotlights America’s Fastest-Growing Cities
The U.S. Census Bureau’s latest data reveals a list of the fastest-growing cities in the nation, with some unexpected names leading the charge. Celina, Texas, tops the list with an astonishing 26.6% growth rate, significantly outpacing the national average. Texas Takes the Lead Texas cities dominate the rankings, with eight of the top fifteen, including…
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CBRE Reports Stabilization in Multifamily Housing Market
In a recent analysis, CBRE has reported signs of stabilization in the multifamily housing market. The first quarter of the year saw a slight uptick in average monthly rents, with a 0.4% increase from the previous year, settling at $2,163. The beginning of the year marked the introduction of 73,700 new multifamily units, contributing to…
Daniel Kaufman Real Estate 