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New Home Insights Podcast Episode 56: Jeff Adler

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…the Episode Transcript Featured Guests Jeff Adler, Vice President, Yardi Matrix Jeff Adler serves as Vice President, Yardi® Matrix (the data division of Yardi Systems), which is a US multifamily (market rate and affordable), student housing, office, medical office, industrial, retail, and self-storage asset information toolset for originating, underwriting, and asset managing commercial real estate investments, used by many of the largest…

Past Speaking Engagements

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…rence Lesley Deutch, Principal Tallahassee, FL October 20, 2017 ULI Trends Day John Burns, CEO Los Angeles, CA October 25, 2017 ULI Urban Development and Mixed Use Council John Burns, CEO Los Angeles, CA October 25, 2017 ULI Student Housing Council John Burns, CEO Los Angeles, CA October 25, 2017 2017 APA Annual Meeting: Housing Outlook for 2018 and Beyond John Burns, CEO Huntington Beach, CA October 30, 2017 September 2017 HIRI Insights…

Demographic Shifts: Two Years Later

…hifts since the baby boom continue to create opportunities and present challenges. America has more people in their early 20s and early 60s than ever before. More people than ever have college degrees, saddled with 500% more student debt than in 2004. Opportunities abound. Women receive far more college degrees than men and increasingly earn more than their spouse. Immigration has shifted from impoverished refugees walking across the border or…

Strategies for Success: Navigating DC’s Turbulent Housing Markets

…s by considering: Providing Affordable Housing Solutions for Younger Households Less amenitized apartments. Younger “Connector” renters (born in the 1990s) are seeking value, as they have good jobs, but many are saddled with student debt. They don’t have parents’ financial assistance like their 80s-born “Sharer” and 70s “Balancer” counterparts. These younger renters will also consider roommates, so think about appropriate floor plans that…

Inside the Mind of a Millennial

…e first-time buyer was partially responsible. NAR’s survey showed that first-time buyers1 accounted for just 33% of new and existing home sales in 2014, the lowest level since 1987. Last September we highlighted in our student loan white paper that 414K housing transactions would be lost in 2014 due to student loan debt, but this is just the tip of the iceberg holding back first-time buyers. We agree with recent surveys that conclude young…

Gen Y—You’ll Have To Wait

…t While the 25+ portion of Gen Y will grow significantly over the next three years, their anticipated influence won’t come into play until 2020. The home buying delay for this generation is a result of three things: 1. Student loan debt. With 40% of the 18-29 year old population with established credit saddled with student loan debt, homeownership is taking a back seat. 2. The Great Recession. The persistent downturn that began in 2008 hit…

New Homes Too Expensive For Most Buyers

…to be built in outlying areas, they are less appealing to today’s young buyers. and although millennials prefer new—especially with the latest technology, this same group is also strapped with unprecedented amounts of student debt, which diminishes their buying power. Pricing Spread While a number of home builders are traditionally known for building entry-level homes, those builders have really always focused on the more affluent…

Affluent Apartment Renters Slow to Buy a Home

Categories: Rental Housing

On an almost-daily basis, we hear the question: When will the millennial / first-time buyer emerge? While predicting the behavior of a cohort still recovering from high levels of unemployment and a record amount of student loan debt can be tricky, the response of some of the largest apartment REIT operators is an unhesitating no time soon. When your apartment lease expires, you have two choices: to renew or move out. Each quarter we track the…

The Light: Suburban Apartment Opportunity: Follow the Homes

…pecially for the renter population as a whole. However, we expect that the combination of low mortgage rates, a potential housing tax credit, consumer psyche shifting to fear of missing out (FOMO) on new homes, and potential student debt forgiveness will drive demand in the housing sector for the next few years. Strong housing demand may translate into stronger-than-expected apartment demand in the thriving suburban submarkets across the…

Burns Single-Family Rent Index™ Shows US Rents Up 3.8% YOY in September

…tial single-family rental units, which is what happened during the last recession Unprecedented government assistance for consumers (i.e., extra $2,400 unemployment per month cushioning renters through July, stimulus checks, student loan payment deferrals, and temporary eviction moratoriums) Extremely tight for-sale housing supply at entry-level price points, which is where single-family renters who want to buy a home typically search Among the…