Generic Data Mixed With Non-Industry Author = Waste of Reading Time

Generic Data Mixed With Non-Industry Author = Waste of Reading TimeBY: Nicholas A. Dunlap, CPMAn article in today's Orange County Register touts rising rents in the multifamily sector as the reason that there are more and more buyers entering into the single family residential for sale market. For those of us working in the multifamily … Continue reading Generic Data Mixed With Non-Industry Author = Waste of Reading Time →

Held Hostage By the Gas Company

Held Hostage By the Gas CompanyBy: Nicholas A. Dunlap, CPMOne of the great things about large utility companies such as So Cal Gas Company, So Cal Edison and AT&T is that there are so many layers of bureaucracy and so many levels of middle-management, that it is actual possible for lower-level employees and otherwise unqualified … Continue reading Held Hostage By the Gas Company →

New Homeownership Stats Great For Apartment Owners

New Homeownership Stats Great For Apartment OwnersBy: Nicholas A. Dunlap, CPM Today's HBR Stat of the Day shows the direct correlation between uncertainty of income and declining marriage rates in the US among people ages 25 to 44 and the declining rates in homeownership. There was 5% total growth between 1962 & 2007 from 62% … Continue reading New Homeownership Stats Great For Apartment Owners →

Good News From Westwood

Good News From Westwood By: Nicholas A. Dunlap, CPMUCLA’s School of Economics announced today its beliefs that the State of California is just a year away from economic recovery. Though unemployment will remain in the double digits through the end of 2011, by 2012 UCLA projects the unemployment rate at just below 10%. While there … Continue reading Good News From Westwood →

Vacancy Rates On the Decline?

Vacancy Rates On the Decline?By: Nicholas A. Dunlap, CPMCB Richard Ellis reported today that multi-family vacancy rates in the United States will decline from their all-time high of 7.4% in 2009. While rents are down approximately 1% from the fourth quarter of 2009, job losses have slowed and thus, occupancy rates are increasing, pushing vacancy … Continue reading Vacancy Rates On the Decline? →

I’m With Arnie on This One

I’m With Arnie on This OneBy: Nicholas A. Dunlap, CPMArnold Schwarzenegger has not done many positive things for the state of California, but he does speak the truth when he speaks of California’s significance as a state and destination. Tuesday night, our Governor was speaking at a conference, encouraging people to invest in California (specifically … Continue reading I’m With Arnie on This One →

Pie in the Sky

Pie in the SkyBy: Nicholas A. Dunlap, CPMTen percent rent hikes in this market? Sure, it’s a nice idea. I guess this would apply to the complexes where vacancy rates had increased so dramatically that teaser rates, free rent and other such promotions were introduced in exaggerated form. But really, ten percent hikes? I guess … Continue reading Pie in the Sky →

Doubling Up

Doubling UpBy: Nicholas A. Dunlap, CPMNumbers published today by Realfacts data and statistics show that some of the largest reductions in rent were incurred by the smallest apartment homes. For example, bachelors, studios, junior one bedrooms and one bedrooms suffered a decline of approximately 7.3% to 11.4% in monthly rental figures, whereas two and three … Continue reading Doubling Up →