Carpathian Capital Management

Exciting progress at The Gathering! Our joint venture with Brock Built Homes in Alpharetta, GA, is moving forward rapidly. The site (land) is now 91% developed, with Phase 1 platting completed, paving the way for lot closings and home construction. 📸 Check out the latest aerial images showcasing: • Substantial infrastructure progress in key areas of the site. • Framed structures for the first phase of townhomes. With 45 lots closed (25% of the total; as of Sep 30, 2024) and 11 home contracts signed, sales are ahead of schedule, driven by strong buyer interest. Stay tuned as we continue building in Alpharetta, widely considered the number 1 submarket of Atlanta. Want to learn more about The Gathering? Visit: https://lnkd.in/gruAiHyS #CarpathianCapital #TheGathering #BrockBuilt #RealEstateDevelopment #AlpharettaLiving

Consumer sentiment is shifting, with growing optimism that mortgage rates may decline in 2024, according to a recent survey highlighted by Builder Online. If rates drop, we could see pent-up demand driving a surge in homebuying activity by 2025. For investors, this presents an opportunity to position portfolios ahead of the trend, especially in high-demand residential markets. While current rates remain elevated, this optimism signals potential momentum for the housing market in the near future. #CarpathianCapital #HousingMarketTrends #MortgageRateOutlook #RealEstateInvesting

Progress Updates at Everly in East Walnut Hills - Cincinnati, OH! Drywall and siding are being installed, windows are fully in, and balconies for Building 5 are up. Homes will be ready for move-in by Spring 2025. 🏡 Every step brings us closer to welcoming homeowners to this thoughtfully designed community, complete with stylish finishes, modern features, and the unbeatable charm of East Walnut Hills.✨ Learn more about Everly: https://lnkd.in/g-KP9yNQ

Here’s the latest on Walnut Grove Villas, our joint venture with Schaefco Development, LLC. This thoughtfully designed, age-targeted community in Shorewood, MN is shaping up beautifully. 𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: • 𝗣𝗿𝗶𝗺𝗲 𝗟𝗼𝗰𝗮𝘁𝗶𝗼𝗻: Situated in the Lake Minnetonka area, close to Excelsior and Wayzata’s shopping, dining, and recreation. • 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗡𝗲𝗶𝗴𝗵𝗯𝗼𝗿𝗵𝗼𝗼𝗱: Featuring 14 single-level villas on 7 acres, designed for empty nesters, with homes ranging from 2,400 to 2,700 sq. ft. • 𝗘𝘅𝗰𝗲𝗽𝘁𝗶𝗼𝗻𝗮𝗹 𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀: Homes priced at $890k–$960k, with enhanced landscaping, natural wetlands, and trail connections to Freeman Park and the Hennepin County trail system. Construction is moving along steadily, and Walnut Grove Villas is set to provide a well-designed, convenient living option for its future residents. 📸 Check out the latest photos below to see how the site is progressing! Learn more here: https://lnkd.in/gwk5zZ4e #CarpathianCapital #WalnutGroveVillas #SchaefcoDevelopment #RealEstateDevelopment

Interesting article discussing the latest election’s impact on the housing market. Conclusion? The real estate market is influenced by numerous economic factors that operate independently of election cycles. 𝗞𝗲𝘆 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀: • 𝗘𝗹𝗲𝗰𝘁𝗶𝗼𝗻𝘀 𝗱𝗼𝗻’𝘁 𝗰𝗮𝘂𝘀𝗲 𝗰𝗿𝗮𝘀𝗵𝗲𝘀 𝗼𝗿 𝗯𝗼𝗼𝗺𝘀: Seasonal dips in sales during election years are typical and temporary, driven by local market conditions - not politics. • 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗿𝗮𝘁𝗲𝘀 𝗿𝗲𝗺𝗮𝗶𝗻 𝘀𝘁𝗮𝗯𝗹𝗲: Rates are determined by Federal Reserve policies, inflation, and global factors. Historically, rates often dip during election cycles as lenders adopt cautious strategies. • 𝗜𝘁’𝘀 𝗮𝗹𝘄𝗮𝘆𝘀 𝘁𝗵𝗲 “𝗿𝗶𝗴𝗵𝘁” 𝘁𝗶𝗺𝗲 𝘁𝗼 𝗯𝘂𝘆 𝗼𝗿 𝘀𝗲𝗹𝗹: Personal circumstances -like career moves or family changes - are the true drivers of real estate decisions. Post-election, sales frequently rise as confidence returns. The real estate market’s resilience highlights the importance of focusing on long-term fundamentals like job growth, housing supply, and demographics. Elections may stir headlines, but they don’t determine market health. #CarpathianCapital #HousingMarketInsights #ElectionImpact #RealEstateTrends

A quick update on Bay Street, our joint venture with Jobalia Development Group! November photos highlight steady progress on this 99-townhome lot development in Sarasota, FL. Strategically located in the Palmer Ranch master-planned community, Bay Street benefits from proximity to I-75, top-rated schools, and local amenities like the Shoppes at Palmer Lake. As part of the Palmer Ranch Development of Regional Impact (DRI) - which includes over 13,000 residential units and 600,000 sq. ft. of commercial space - Bay Street continues the successful collaboration between Jobalia Development Group and D.R. Horton, the nation’s largest homebuilder. We’re excited to see this community taking shape and look forward to sharing more milestones soon! #CarpathianCapital #BayStreet #LandDevelopment #RealEstateDevelopment

Home price growth in the U.S. slowed in September, with the S&P CoreLogic Case-Shiller U.S. National Home Price Index recording a 3.9% annual gain, down from 4.3% in August. While this suggests a cooling market, it's important to note that the decline isn't uniform across all regions. The October New Residential Sales report shows a sharp 17.3% drop in new single-family home sales from September. However, this decline is heavily influenced by two hurricanes that impacted the South, causing an outsized decrease in that region. 𝗘𝘅𝗰𝗹𝘂𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗦𝗼𝘂𝘁𝗵, 𝗻𝗲𝘄-𝗵𝗼𝗺𝗲 𝘀𝗮𝗹𝗲𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗼𝘁𝗵𝗲𝗿 𝘁𝗵𝗿𝗲𝗲 𝗿𝗲𝗴𝗶𝗼𝗻𝘀 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝘀𝗵𝗼𝘄𝗲𝗱 𝗽𝗼𝘀𝗶𝘁𝗶𝘃𝗲 𝗴𝗿𝗼𝘄𝘁𝗵, reflecting continued strength in those markets. Regions like the Midwest and Northeast are experiencing strong appreciation, supported by robust demand and better affordability. New York leads with a 7.5% annual home price increase, followed by Cleveland and Chicago. For investors, this means opportunities still abound outside hurricane-affected areas. Focusing on markets with strong growth and affordability can help navigate these shifting trends. Stay informed and adjust your strategies accordingly to capitalize on these regional variations. #CarpathianCapital #HousingMarket #InvestorInsights

A quick update on Everly, our JV project with Onyx+East. Latest site photos show steady progress on Building 1, from both street level and aerial perspectives. The core structure is fully visible now, giving a great sense of the building's presence along the streetscape. Construction continues to track well for our March completion target for this first phase. For more information about Everly, visit https://lnkd.in/ggXXy_jn #CarpathianCapital #Everly #RealEstateDevelopment

Despite higher mortgage rates, October saw new home mortgage applications increase, reflecting resilient demand. According to the Mortgage Bankers Association, a drop in average loan size signals a shift toward affordable housing, while the rise in FHA loans highlights growing activity from first-time buyers. Could these FHA trends indicate that younger first-time buyers are re-entering the market after sitting out earlier this year? Previously, we discussed findings from the National Association of Realtors showing the average homebuyer age hitting a record high of 56. Time will tell if this trend balances out and skews younger in the months ahead. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗼𝗿 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀: • 𝗥𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝘁 𝗗𝗲𝗺𝗮𝗻𝗱: Year-over-year growth in mortgage applications underscores strong demand, despite higher rates. • 𝗔𝗳𝗳𝗼𝗿𝗱𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗙𝗼𝗰𝘂𝘀: Lower average loan sizes point to opportunities in affordable housing, attracting a broader buyer base. • 𝗙𝗶𝗿𝘀𝘁-𝗧𝗶𝗺𝗲 𝗕𝘂𝘆𝗲𝗿𝘀: Increased FHA loan activity signals renewed interest from first-time buyers, potentially influencing entry-level housing demand. 𝘚𝘰𝘶𝘳𝘤𝘦 1: 𝘉𝘶𝘪𝘭𝘥𝘦𝘳 𝘖𝘯𝘭𝘪𝘯𝘦 - 𝘔𝘰𝘳𝘵𝘨𝘢𝘨𝘦 𝘈𝘱𝘱𝘭𝘪𝘤𝘢𝘵𝘪𝘰𝘯𝘴 (𝘩𝘵𝘵𝘱𝘴://𝘸𝘸𝘸.𝘣𝘶𝘪𝘭𝘥𝘦𝘳𝘰𝘯𝘭𝘪𝘯𝘦.𝘤𝘰𝘮/𝘥𝘢𝘵𝘢-𝘢𝘯𝘢𝘭𝘺𝘴𝘪𝘴/𝘯𝘦𝘸-𝘩𝘰𝘮𝘦-𝘮𝘰𝘳𝘵𝘨𝘢𝘨𝘦-𝘢𝘱𝘱𝘭𝘪𝘤𝘢𝘵𝘪𝘰𝘯𝘴-𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘦-𝘪𝘯-𝘰𝘤𝘵𝘰𝘣𝘦𝘳-𝘥𝘦𝘴𝘱𝘪𝘵𝘦-𝘩𝘪𝘨𝘩𝘦𝘳-𝘮𝘰𝘳𝘵𝘨𝘢𝘨𝘦-𝘳𝘢𝘵𝘦𝘴_𝘰) 𝘚𝘰𝘶𝘳𝘤𝘦 2: 𝘉𝘶𝘪𝘭𝘥𝘦𝘳 𝘖𝘯𝘭𝘪𝘯𝘦 - 𝘕𝘈𝘙 𝘍𝘪𝘯𝘥𝘪𝘯𝘨𝘴 (𝘩𝘵𝘵𝘱𝘴://𝘸𝘸𝘸.𝘣𝘶𝘪𝘭𝘥𝘦𝘳𝘰𝘯𝘭𝘪𝘯𝘦.𝘤𝘰𝘮/𝘥𝘢𝘵𝘢-𝘢𝘯𝘢𝘭𝘺𝘴𝘪𝘴/𝘩𝘰𝘮𝘦-𝘣𝘶𝘺𝘦𝘳-𝘢𝘷𝘦𝘳𝘢𝘨𝘦-𝘢𝘨𝘦-𝘩𝘪𝘵𝘴-𝘳𝘦𝘤𝘰𝘳𝘥-𝘩𝘪𝘨𝘩-𝘢𝘵-56_𝘰)

U.S. existing home sales rose in October, marking the first year-over-year increase since July 2021, as highlighted by The Wall Street Journal. This milestone was driven by a decline in mortgage rates, which dipped to a low of 6.08%, sparking buyer activity. 🔗 Learn more about this shift and its implications for the market: https://lnkd.in/gMDjDbi6