Real Estate Market. Thoughts?

[Dave_L]

Post a link please.

Was just hearing a story today about how more luxury apartments were built than there are people able to afford them and that rent prices are dropping in places like New York, and even Texas.

http://www.forbes.com/sites/learnves.../#5f9dcf1b5512

Much as economic analysts had expected, the Federal Reserve announced at the close of its two-day meeting on Wednesday that it was raising the target federal funds rate by a quarter of a percentage point to between 0.5% and 0.75%, marking the first time the Fed has raised rates since December 2015 and only the second time in a decade. The Fed also indicated it expects to make more rate hikes in 2017.

[Irving]

Thanks. Right on time, as we expected.

[roberth]

Some links for you guys:

http://www.bankrate.com/rates/interest-rates/libor.aspx

http://www.bankrate.com/rates/intere...rime-rate.aspx

http://www.marketwatch.com/investing...countrycode=bx

[Firehaus]

Could be some truth to this, we received our notice to renew the lease at our apartment about three months ago, and at that time our rent was scheduled to go up a hundred bucks a month. We ended up renewing, and to our surprise, it was only going to go up twenty a month.

Class A to AAA (1990- present) apartments will be offering flat rent increases and concessions for new leasing. So much is coming online that that market is flat or mildly receding in rents.

House prices should start going more flat as increased interest rates push up monthly payments. Older apartments are still seeing rent increases, but not like a few years ago.


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[hurley842002]

Class A to AAA (1990- present) apartments will be offering flat rent increases and concessions for new leasing. So much is coming online that that market is flat or mildly receding in rents.

House prices should start going more flat as increased interest rates push up monthly payments. Older apartments are still seeing rent increases, but not like a few years ago.


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Wonder what that means for my 80's apartment lol.

[Firehaus]

Wonder what that means for my 80's apartment lol.

Depends on how much your paying now and what your renting (example 2bed/1bath).


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[CS1983]

Wonder what that means for my 80's apartment lol.

Depends... do they know about the jacuzzi you installed?

[hurley842002]

Depends... do they know about the jacuzzi you installed?

Haaaa, that was on last night.

[Rumline]

Rents in the Springs are up over 10% from 2015. http://www.denverpost.com/2016/08/01...-springs-rent/

[Firehaus]

For an example, I newly refinished 3bed/1 bath unit with washer/dryer hookups at my Lakewood building goes for around $1400/month. Older building built in 1960.


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