Thursday, April 25, 2013

Blog Assignment #7


Task #1. Find an example of a Real Estate Project that is a new trend.

Homes within homes

Almost one-third of American adults today are "doubled up," or living in the same household with another adult generation, the U.S. Census Bureau says. Those adults could be "boomerang" kids who have come back home to live after college, or aging parents who moved in with adult children.

Homebuilders are starting to respond to this trend. "We're seeing a huge growth in floor plans that include dual master suites." Lennar Homes has introduced its NextGen home in several areas of the country. "It really is a home within a home," says Alan Jones, Arizona division president for Lennar. Imagine a home that contains a separate apartment with its own sleeping area, kitchenette, bathroom and perhaps even garage. A door connects it to the rest of the house, Jones says. "This allows them to come back and live with you, but not on top of you." At other stages of life, the apartment can serve other uses, Jones says.




Sunday, April 7, 2013

Blog Assignment #6

Blog Assignment #6

  • Which property type should you invest in?
    • The summer of 2013 I would like to invest in retail real estate in Houston Texas.
    • I believe this is a good idea due to data I've found to back up my premise.
      • Vacancy rates:
        • Houston’s retail vacancy rate decreased from 7.2% to 7.0% between quarters aswell as over-the-year. Due to the large amount of new inventory deliveries,Houston’s retail vacancy only decreased 2% between quarters, despite thesignificant positive absorption
      • Rental rates:
        • The citywide average quoted rental rate for all property types is $14.34 per squarefoot; however, rental rates vary widely from $10.00 to $70.00 per square footdepending on location and property type and class.
      • Absorption rates:
        • Houston’s retail market posted 1.1M square feet of positive net absorption in Q4,bringing the year-end 2012 total to 1.2M SF.