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Austin cuts minimum lot size for the first time in 80 years… In a groundbreaking move, the Austin City Council has voted to reduce the minimum lot size for single-family homes, a change that hasn't been seen in eight decades. Changing these zoning laws will allow property owners to build homes on lots as small as 1,800 square feet, a significant decrease from the previous minimum requirement of 5,750 square feet. This marks a pivotal shift in Austin's residential landscape, potentially paving the way for more affordable and accessible housing options. By permitting smaller lot sizes, developers and builders can offer more compact and cost-effective housing solutions, making homeownership an achievable dream for a wider array of individuals and families. Tag someone who should know about this. Article in the comments. #austinrealestate #residentialrealestate #amyklinerealtor

Austin apartment doesn't seem to be letting up! Over the first half of the year, Austin has already achieved an absorption of over 8,500 apartment units, putting the Live Music Capital of the World on track for it's second-highest annual absorption rate in the market's history. Households moving to the suburbs looking for less expensive housing and ample job options account for a significant amount of this growth, with renters increasingly settling in the suburbs of Georgetown, Round Rock and Kyle, all within a roughly 30-minute drive of Austin's central business district. Also notable is the strength of leasing that has been seen for apartments at higher price-points within the four- and five-star rated properties. So far this year, four- and five-star units made up 7,400 of the absorbed units, while the mid- to low- priced units made up the other approximately 1,100 absorbed. #AustinTexas #InvestmentStrategies #CREInvestments #Apartments #Housing #ApartmentsDemand

Columbus Thrives: A Bright Spot in the Apartment Market Friends, exciting news from our vibrant city! Columbus, Ohio is defying expectations and showing remarkable resilience in the face of economic headwinds. Let me share some fantastic insights: 2.9% rent growth over the past year - placing us in the top 10 major markets nationwide! Smart, measured development: 5,800 new units completed, just 25% above pre-pandemic levels. We're growing responsibly! Demand is booming: 19% more units occupied compared to pre-pandemic averages. Hotspots like Northeast Columbus (4.1% growth) and Bexley-Whitehall (3.8% growth) are leading the charge! Sure, Downtown faces some challenges, but the overall picture is incredibly positive. With our construction pipeline set to slow, we're poised for even healthier rent gains and sustained growth. This data paints a clear picture: Columbus is a rock star in the national apartment market. Our city continues to attract talent, foster innovation, and provide fantastic opportunities for residents and investors alike. What are your thoughts on Columbus' remarkable performance? How do you see our city evolving in the coming years? Let's discuss in the comments! #ColumbusOhio #RealEstateMarket #EconomicGrowth #CityOnTheRise #ApartmentRentals #UrbanDevelopment #InvestInColumbus #OhioEconomy #RealEstateInvestment #CityPlanning #RentGrowth #HousingMarket #EconomicResilience #MidwestGrowth #BusinessOpportunities #TalentAttraction #SmartGrowth #CommunityDevelopment #UrbanLiving #PropertyManagement

Which Age Segment in Seattle is on the Rise? 📈 The answer to this may surprise you—and it could potentially spell trouble for Seattle apartment operators in the coming months. Looking for more insights about Seattle CRE market? Read more in the July issue of BID Magazine: https://bit.ly/3zvCANf

Markets normalizing and a continued increase of relocation to the Madison area. Hear what's happening in our housing market with the latest stats. Full recap here: https://lnkd.in/dQp7t47r #realtor #MarketTrends #madisonwi

Austin apartment doesn't seem to be letting up! Over the first half of the year, Austin has already achieved an absorption of over 8,500 apartment units, putting the Live Music Capital of the World on track for it's second-highest annual absorption rate in the market's history. Households moving to the suburbs looking for less expensive housing and ample job options account for a significant amount of this growth, with renters increasingly settling in the suburbs of Georgetown, Round Rock and Kyle, all within a roughly 30-minute drive of Austin's central business district. Also notable is the strength of leasing that has been seen for apartments at higher price-points within the four- and five-star rated properties. So far this year, four- and five-star units made up 7,400 of the absorbed units, while the mid- to low- priced units made up the other approximately 1,100 absorbed. #AustinTexas #InvestmentStrategies #CREInvestments #Apartments #Housing #ApartmentsDemand

Austin apartment doesn't seem to be letting up! Over the first half of the year, Austin has already achieved an absorption of over 8,500 apartment units, putting the Live Music Capital of the World on track for it's second-highest annual absorption rate in the market's history. Households moving to the suburbs looking for less expensive housing and ample job options account for a significant amount of this growth, with renters increasingly settling in the suburbs of Georgetown, Round Rock and Kyle, all within a roughly 30-minute drive of Austin's central business district. Also notable is the strength of leasing that has been seen for apartments at higher price-points within the four- and five-star rated properties. So far this year, four- and five-star units made up 7,400 of the absorbed units, while the mid- to low- priced units made up the other approximately 1,100 absorbed. #AustinTexas #InvestmentStrategies #CREInvestments #Apartments #Housing #ApartmentsDemand

Apartment fundamentals are “very strong” https://lnkd.in/eKrfgBT5

The Number of U.S. Homes for Sale Is Slowly Returning to Normal: An 'Incredible Trend,' Economists Say Contact me to discuss the latest scoop in real estate! #kittitascountyrealestate #ellensburg #centralwashintonhomes #ellensburg #kittitascounty #pacificnorthwesthomesales #washingtonhomes #eburglife #realestate #pnwrealestate

Landlords and economists hate rent control policies, which prevent landlords from raising rents beyond certain strict guidelines. But scarce land in attractive cities and zoning rules cause persistent shortages, and that's led to a resurgence of rent control policies lately: In 2019, Oregon became the first state to pass a statewide rent control law, which capped annual hikes at 7% plus inflation. Later the same year, California limited increases to 10%. Two dozen states last year considered caps. As for New York, in 2019 state lawmakers rewrote the rules governing rent control in order to help bolster supply of affordable homes. Story by Patrick Clark and Prashant Gopal #realestate #NYC #rentcontrol #housing