If you already feel old, I have bad news for you: kids born in 2000 will be turning 18 next year. The ones born in 1995 are already over 21. Millennials––the cohort born between 1981 and 2000––are a huge consumer demographic. Recent population estimates by the U.S. Census Bureau show that there are 75.4 million [...]
During the second quarter of 2016, the homeownership rate in America fell to 62.9%—the lowest it’s been since 1965. The reasons for this decline include a mix of factors, including the lingering effects of the 2008 financial crisis, strict lending regulations, and expensive real estate costs in major cities. Other experts also cite things like [...]
If you look at big metropolitan areas, such as Los Angeles, Chicago, or Houston, it seems that high-rise apartment buildings are being built nonstop. These sleek glass and steel structures appear as if they’ve been lifted out of a postmodernist masterpiece. But despite the incredible appeal of these skyscrapers to renters and real estate investors, [...]
In the recent issue of National Real Estate Investor Magazine, Michael published this special feature, Multifamily Property Acquisition Strategy, for NREI's Outlook:2017. Click here to read more of Michael's stories at nreionline.com.