Category: Trends
-
NoCo towns among state’s fastest growing
from NCBR – NoCo towns among state’s fastest growing WASHINGTON, D.C. – Towns in Larimer and Weld counties saw some of the highest population growth in the state from 2007 to 2008, according to the latest data from the U.S. Census Bureau. Mead was the fastest growing municipality in the state, based on population estimates…
-
Terrix Financing Rates 06/29/09
Fannie Rates are down today compared to last week. Below are rates for various apartment loan programs. Please keep in mind Terrix also has other non-traditional/non-apartment specific sources for apartment lending. Loans about ~$2,000,000+5 yr – 5.14%7 yr – 5.55%10 yr – 5.73%Non-recourse Loans ~$750,000 to $3,000,0005 yr – 5.44%7 yr – 5.82%10 yr –…
-
Terrix Financing Rates 06/23/09
Below are rates for various apartment loan programs. Please keep in mind we also have non-traditional sources for apartment lending. Loans about $3,000,000+5 yr – 5.34%7 yr – 5.77%10 yr – 6.02%Non-recourse Loans $1,000,000 to $3,000,0005 yr – 5.50%7 yr – 5.89%10 yr – 6.11%Typically recourse – but non-recourse may be available Loans $500,000 to…
-
EPA Memo to Landlords regarding Lead Based Paint
EPA’s Renovation, Repair and Painting (RRP) rule was signed in April 2008 and will impact your property management practices in important ways. The rule requires landlords and property managers who disturb paint in pre-1978 structures to be certified and follow lead-safe work practices by April 2010 or to hire certified firms who follow lead-safe work…
-
Terrix Financing Rates 06/15/09
Fannie Mae rates have been up and down (mostly up) until recently. Late last week we saw a nice decline. Below are rates for various apartment loan programs. Please keep in mind we also have non-traditional sources for apartment lending. If you have clients who need financing – please keep me in mind – we’ll…
-
Student Housing: The Party Isn’t Over
from Black Swan Blog: Student Housing: The Party Isn’t Over The news as of late has been dour. GM filed for Chapter 11 bankruptcy protection. Formerly stalwart banks have been nationalized. Retailers are vanishing from the U.S. landscape at an alarming pace. Corporations are failing. Unemployment hit 9.1%. The world is falling around us. Whether…
-
Can our residents afford to buy a home? Rent an apartment?
I found a very interesting website by the Center for Housing Policy that analyzed 200 major markets across the United States regarding the cost of housing and average rents vs. occupational pay. The website is: http://www.nhc.org/chp/p2p/ “Paycheck to Paycheck, the Center for Housing Policy presents wage information for more than 60 occupations and home prices…
-
Fort Collins-Loveland area real estate outlook positive
from Coloradoan, David Young Fort Collins sits atop a desirable list released this month by U.S. News and World Report. The national publication has Fort Collins and Loveland ranked as one of the top 10 housing markets for the next 10 years in terms of appreciation. While the economy has cut a swath through the…
-
Study: Weld to lead state in growth pace
from Greeley Tribune’s Chris Casey Weld County’s projected population growth for the next 15 years ranks as 17th-fastest in the nation, according to an analysis by the Denver Business Journal’s parent company. American City Business Journals Inc. used U.S. Census Bureau population data and existing rates of growth to predict growth rates in 250 U.S.…
-
Renters a Growing Share of the Housing Market
from NMHC New data from the Housing Vacancy Survey underscore NMHC’s claims that rental housing is becoming increasingly important to the housing sector. According to the survey, 2.83 million new renter households were created in the last four years, the biggest such gain in 24 years. This increase more than offsets the 2.05 million renter…