The Real Deal - New York Real Estate News

The 10 best places to buy a winter vacation rental

Posted: 05 Jan 2020 11:00 AM PST

The heart of winter has arrived and for many that means it’s time to hit the slopes. Vacation rental management service Vacasa crunched the numbers on the best places to buy real estate and cash in on the winter vacation crowd for the year, based on median home costs and capitalization rates. Cap rates are a measure of annual income after expenses as a percentage of the cost of buying a property. The cap rates

These will be the best multifamily markets in 2020

Posted: 05 Jan 2020 09:00 AM PST

Multifamily vacancy nationwide is expected to rise slightly as developers keep up the rapid pace of building set over the last few years. Vacancy is expected to rise 20 basis points to 4.5 percent, according to a CBRE’s 2020 market outlook report. Rent growth is expected to slow to 2.4 percent for the year, below the 2.6 percent long-term average. Developers are expected to deliver an estimated 280,000 units across the country, on par with

Developers fail math class in student housing sector

Posted: 05 Jan 2020 05:00 AM PST

High supply and lackluster student enrollment is putting stress on the student housing sector, with some analysts saying developers sought high rents for new apartments but missed the mark. Around 3.9 percent of student housing-backed CMBS debt was more than 60 days past due at the end of November, a 1.1 percentage point increase from last year, according to Fitch Ratings Inc. For comparison, the delinquency rate in the wider residential CMBS market was 0.46