The strange thing about renting an apartment is that each time you rent a unit you find some new tactics that you did not know before. And you think this time moving to apartments dallas was more sensible. This is life; you always learn new things even if you are repeating the same act again and again. Continue reading “Know Your Landlord Well Before Renting an Apartment”
LOS ANGELES, CA / ACCESSWIRE / April 15, 2018 / The commercial real estate investment company, CBRE, has announced that for the third year in a row the city of Los Angeles, CA, has ranked as the most commercial real estate market for the entire Western Hemisphere.
CBRE surveyed more than 300 real estate investors and gathered their feelings about the market across North America and, in particular, Los Angeles. The real estate investment firm asked them to rank the cities in the U.S. in terms of desirability for commercial purposes.
According to the head of CBRE’s research department, Spencer Levy, the biggest cities like Los Angeles and New York still ranked the highest on the scale of desirability according to survey takers. Despite this, some smaller markets showed signs of improvement.
Per Neil Shekhter, Dallas, Texas, for example, came in second, even ahead of New York. Seattle showed up in a tie with New York and San Francisco and Houston also tied for fifth place in the survey. These two cities were followed by Atlanta and Washington, with Denver coming in eighth. Miami showed up ninth and then there was another tie for tenth place with Portland, Nashville, and Boston.
As for the reasons why these cities were ranked and why Los Angeles came in at the top, it comes down to economic growth and tax cuts. There were other factors, such as regulatory changes that created a more favorable commercial real estate market overall.
Interestingly, interest rates might be higher in these cities, such as Los Angeles, 96 percent of the investors polled indicated they were still ready to invest in real estate in the coming year, 2018. In fact, the study showed that 45 percent of those called wanted to increase the real estate acquired in 2018, compared to their investment level in 2017, Neil Shekhter notes.
Americans surveyed also indicated they were expecting strong returns on their investments in areas like Los Angeles and New York. Real estate investors said they were expecting unlevered returns will range from 6 to 9 percent. A significant percentage are anticipating returns even higher than that in 2018, according to Neil Shekhter, founder, and CEO of Santa Monica-based NMS Properties.
Despite this positive feeling, Levy has a cautious word for investors. In fact, he recommends they remain agile in their investment portfolio. In fact, Levy stated, "capital structure needs to be agile in debt by considering longer-term paper, which is what our Debt & Structured Finance professionals are advising today. For equity capital structure, investors need to consider lowering their cost of capital if they are going to stay in the same markets/asset classes."
Launching NMS Properties in 1988, Neil Shekhter assumed the role of CEO in January 1995. The real estate management company focuses on multi-family and mixed-use properties in the Greater Los Angeles area and in Santa Monica.
SOURCE: NMS Properties, Inc.
Rent growth over the past year show supply and demand are relatively aligned in Dallas’ rental market.
That’s according to a report by Apartment List, which showed year-over-year rent growth in the city was 1.8 percent. Some increase in rental prices is healthy and a matter of inflation, according to Chris Salviati, a housing economist with Apartment List.
Dallas’ rent growth over the past 12 months and flat growth in the past month show builders are keeping up with more demand for rental units in the city, maintaining a healthy and vibrant rental market.
“Dallas has a strong economy with solid job growth driving demand, but the area has also been building a good amount of new housing to keep up with that demand,” Salviati added. “For those reasons, I expect that rents in Dallas will continue to increase, but a relatively modest pace.”
Despite any anticipated increases, the average rent in Dallas for a two-bedroom apartment is $1,100, below the national average of $1,170. And rents are growing at a slower rate than the country’s average of 2 percent and Texas’ average of 2.1 percent year over year.
“Dallas has been and continues to be relatively affordable compared to most other major cities in the country,” Salviati said. “Despite experiencing increasing rents, growth over the past year has actually been slower than the national average.”
One factor that could change Dallas’ supply-and-demand ratio is an influx of new residents from a major corporate relocation, like Amazon’s HQ2. Landing the campus would bring roughly 50,000 jobs to the region.
But even that would raise rents only slightly, between 0.2 percent and 0.4 percent annually, Apartment List estimates.
But there’s no doubt demand for apartments in Dallas, specifically in the city’s core, is on the rise. Companies like Toyota and Liberty Mutual are bringing in millennial workforces looking to live, work and play in the same area. While downtown and Uptown Dallas remain hot spots, the Deep Ellum/Farmers Market and Knox Henderson neighborhoods are also seeing an uptick in interest.
“Dallas is top 3 for job growth in the entire country so that’s bringing tons of young professionals here,” said Drew Mancuso, co-owner of Dallas Apartment Locators. “You’ve got huge companies like Liberty Mutual, State Farm and Toyota that have moved their headquarters to North Texas. The demand is definitely there, which is obvious when you see most apartment buildings are occupied around 92 percent to 97 percent.”
See some of the area’s hottest apartments in those neighborhoods, click through the attached slideshow.
Largest North Texas Residential Real Estate Brokerages
Ranked by Transactions Closed in 2016
Rank Business Transactions Closed in 2016 1 Keller Williams Realty 25,301 2 Ebby Halliday Real Estate Inc. 19,719 3 Coldwell Banker Residential Brokerage, Dallas/Fort Worth 7,652 View This List
Housing-Market / US Housing
Early signs that the US Fed may be pushing the envelope of rising rates and creating pressure on banks and borrowers are starting to show up more prominently now. One component of our research at Technical Traders Ltd. is to find data that may be overlooked or ignored by some other researchers. We believe that any pressures or hardships related to general consumers will be seen first in discretionary debt (credit cards, autos, and entertainment/activities). When consumers feel the debt pressure starting to build, they react by cutting back on certain discretionary spending – focusing their purchasing/paying abilities on essential items like food, human necessities (toiletries and other essentials) and maintaining essential components of their lives. Continue reading “US Housing Real Estate Market and Banking Pressures Are Building”
DALLAS, TX — You’re sure to love this charming Tudor located in the heart of Kessler Park. The fully updated exterior and interior provide the best light and overall living experience. Offerings include an updated kitchen with stainless appliances, updated bathrooms, oversized master bedroom a refinished hardwoods throughout. Make the most of the oversized laundry room and back yard leisure space. To tour this house, call your realtor and tell her you saw it on Realtor.com.
This listing originally appeared on realtor.com. For more information and photos, click here.
DALLAS, TX — One man is at large after he took a woman walking near the Morrell DART station to a nearby playground and sexually assaulted her, police say. The assault happened between 4:30 and 5:30 p.m. on Feb. 3 in East Oak Cliff.
Her attacker is described as a black male between 37 and 43-years-old. He has a stocky build, weighs around 220 pounds and is 6-foot tall. Police say he has short, black hair and a dark complexion. He was wearing a black button-up shirt and black pants.
Police said the man was driving a newer four-door silver Dodge Charger with black racing stripes. Continue reading “Man Wanted For Sexually Assaulting Woman In South Dallas Park”
CYPRESS, Texas – Hours after officials in Houston announced the Northwest Mall as the proposed stop for a planned high-speed railroad between the Bayou City and Dallas, residents along the proposed rail line got to give their thoughts on the project.
The Federal Railroad Administration hosted a public hearing Monday at Sadie Harris Woodard Elementary School in Cypress.
Northwest Mall announced as preferred stop for Texas bullet train
“Up to 50 homes would be affected,” said Deddrick Wilmer, HOA president, White Oak Falls subdivision in Cypress.
Wilmer’s neighborhood sits along the proposed line for the high-speed railroad. Continue reading “Cypress community meets in wake of high-speed Houston-Dallas train talks”
When looking for housing options in North Texas, future homeowners might struggle with balancing safety, affordability and quality of education for their children. According to a Realtor.com study, one North Texas suburb meets each of those needs and more.
The study took a look at suburbs surrounding each of the nation’s biggest cities and weighed each city on categories like affordability, number of children in each ZIP code, crime rates, bars and restaurants, school rankings and average commute times.
What they found is that Keller, which sits between Dallas and Fort Worth, is the nation’s No. 4 best suburb for families. Continue reading “North TX Town Named Texas’ Most Affordable, Kid-Friendly Suburb”
Finding a place to reside in Dallas is not difficult at all. It is such a large city, there are new listings that are posted every day. You may be looking for a one bedroom apartment for yourself, or perhaps you are seeking a four-bedroom home for your family. All of this will be available at some point in time. It is likely you will find multiple listings that are similar. You will then compare the location for each of these rentals. Finally, consider how much they are asking for you to move in. All of this information can help you create a short list of potential places to live. Continue reading “Places To Locate Dallas TX Housing Information”
You might believe that you know the neighborhood of your future apartment very well but actually you do not unless you spend quite a long time in the area. Do not underestimate the importance of knowing the neighborhood fully before you move in. Continue reading “Why Neighborhood of Your New Apartment Is of Crucial Importance?”