Connie Lee’s Post

If you’re a renter looking to get the most bang for your buck, a recent RentCafe report might help guide you to just the right place. The apartment search website set out to determine how much apartment space renters across the United States can get for just $1,500 a month. The report found that more than half of the top 20 major cities offering the most space for that amount are in the Southeast and Southwest. Renters in major coastal cities like New York and Boston are sacrificing square footage and shelling out equal amounts in monthly rent, data shows. For example, Wichita, Kansas, offers the most space for $1,500 a month at 1,359 square feet while Manhattan, New York City residents pay the same and get just 228 square feet.

Record Shift: Renting Over Owning in the U.S. Housing Market The rising cost of homeownership is reshaping the housing landscape, with more renters viewing apartments as a long-term lifestyle choice rather than a stepping stone to buying a home. 📈 Major multifamily players like AvalonBay, MAA, and Knightvest report record-low turnover as renters increasingly prioritize the flexibility, affordability, and convenience of renting. In fact: - AvalonBay notes that the gap between renting and owning is the widest on record, with homeownership costs in coastal markets averaging $2,100 more per month than renting. - MAA recorded its lowest-ever turnover to homebuying at just 11.5%, driven by affordability and convenience. - Knightvest’s survey found 63% of renters cite high homeownership costs as their primary reason for renting, while 42% view renting as a long-term solution. The multifamily market is responding to these trends by emphasizing community living and exceptional tenant experiences to retain residents. Such experiences include closet storage solutions. 💡 Find out more from CoStar: https://lnkd.in/e_hjjq7m 💡 What’s your take on the shift toward long-term renting? Are you looking to partner with other multifamily leaders to retain resident satisfaction? Reach out today to discuss. #Multifamily #RealEstate #RentalMarket #TenantRetention #HousingTrends

✨ Have you thought about buying a condo or townhouse as your starter home? Here’s why it could be a great move! 🏡👇 Condos typically have a lower asking price compared to single-family homes because they tend to be smaller. So, if you're ready to buy now and don’t mind a cozier space, a condo may be a more affordable option to get started. The sooner you get your foot in the door, the faster you can begin building home equity, which can help you move into your dream home in the future. Plus, enjoy perks like less maintenance and a strong sense of community. 💫 Let’s chat and see if this could be the perfect option for you! #FirstHome #CondoLiving #TownhouseLiving #StarterHome #HomeBuyingTips #RealEstateGoals #BuildingEquity #DreamHomeJourney #LowMaintenanceLiving #CondoLife #RealEstateExpert #samanthayourrealtor

Rather than a rented house, how about a house full of rented rooms? It’s like the old boarding house concept, but is now being done in regular neighborhood homes. It’s even now a search criteria on Zillow. With rising rental prices and people willing to pay just for a room where they sleep and shared access to a kitchen and bathrooms, this is becoming a viable and profitable business model. In some expensive cities, there are sometimes two people to a room and in New York City, they even have “hot beds” where two people with different work schedules sleep in the same bed. Today’s version of co-rooming or coliving comes with management software options and online resources for homeowners. Learn the ropes and this could dramatically improve your cash flow and ROI on rental properties. Tips delivered daily to your inbox. Always FREE. Never miss a day. Subscribe: https://buff.ly/44RxOWc.

Dreaming of swaying trees instead of towering skyscrapers? 🌳 You're ready to move from your Toronto condo to a tranquil suburban home. But before you leap, here’s the ultimate checklist to guide your journey to homeownership. 👫 For couples living in the heart of Toronto, upsizing isn't just about more space; it's about finding that perfect spot where your future can unfold. The shift from a condo to a house in the suburbs brings new joys—like having a backyard for those summer BBQs or an extra room for a growing family. ✅ Here’s what to look for when you're ready to make that big move: 1️⃣ **Community Feel**: Suburbs offer a unique sense of togetherness. Walk around the neighborhood. Feel the vibe. Can you see yourself planting roots here? 2️⃣ **Space to Grow**: Consider not only the size of the home but also the potential. Will there be enough room if your family expands or if you want that home office? 3️⃣ **Proximity to Amenities**: Look for accessibility to parks, schools, shopping centers, and transportation. Convenience is key! 4️⃣ **Budget Fit**: Calculate beyond the mortgage. Think about property taxes, utilities, and commuting costs. Will the move make financial sense in the long term? 5️⃣ **Resale Potential**: Even if it feels forever, life can surprise you. Choose a home that can adapt to market changes—a wise investment for the future. As a real estate specialist, I understand the blend of excitement and anxiety during this transition. My personal mission is to streamline this process for you; transforming those condo walls into the freedom of your own home. Who else has made the condo-to-suburb transition? Drop your experiences and tips below! . . . . . #TorontoRealEstate #HomeownershipDreams #FromCondoToHome #SuburbanLiving #TorontoSuburbs #DreamHomeToronto #BackyardBliss #RealEstateTips #MovingUpInToronto #TorontoHomes #InvestInHomes #UpsizeYourLife #CanadianRealEstate #PropertyGoals #FindYourSpace #HomeBuyingJourney #TorontoLife #RealEstateGoals #FamilyHome #FutureHomeowners

I wanted to share this blog post by my son Spencer Angstman! He is working as a real estate agent for Silvercreek and has been studying the multifamily market. He discovered some changes in the data and you might find it interesting. I did. if you want to follow Spencer's later post, here's his link: https://lnkd.in/gxDrwQic

Property owners, media outlets and real estate agents across the Greater Boston area have been calling me non-stop asking about where I see the rental market headed in this second half of 2024. I'm happy to announce you can read the Boston Pads data- driven predictions in the 2024 Boston Mid-Year Apartment Rental Market Report.  Despite some relative easing in the rental market, rent prices remain at all-time highs, and apartment supply is still low compared to historical standards. There are multiple factors driving this current market, but it's becoming more clear than ever that questionable economic policies and excessive regulations have had the greatest negative effect on the rental market.  In the report, I address the various elements having the largest impact on the Boston apartment rental market, and its future, including: high interest rates and inflation, lack of sufficient development, harmful broker fee and rent control bills, and more. Where do you think Boston's rental market is headed in the second half of 2024?  Please let me know your thoughts in the comments.  #Boston #RealEstate #BostonRealEstate #BostonRealEstateMarket #Housing #Inflation #Development #RealTimeData #Construction #Multifamily #PropertyOwners #RealEstateInvesting #Unemployment #MostListings #MostKeys #MostApartments #MostLandlords #MostData #MostLeads #MostDeals #MostTrusted #BostonPads

The current average rent price in the city of Boston is $3,265. That marks a +5.63% increase year-over-year and a +18.43% increase compared to mid-July 2022. The historic apartment shortage that was prevalent over the past 2 years helped fuel what has been some of the sharpest rent price growth we’ve seen in decades. Our legislature simply hasn’t been able to deliver compelling housing policies that work toward creating supply without bankrupting developers. During this period of inflation and high interest rates it shell shocked developers because it was impossible to get cost containment on labor, materials and affordable energy prices needed to build at scale. With record low inventory coming to market it was evident that prices on rent were not going to come down. That being said, rent prices have stabilized over the last 6 months, rising by a much smaller margin of +1.81% since February. When landlords have higher turnover in their portfolio they tend to hold prices stable and you are witnessing this play out in real time.  This is welcome news for Boston renters who have endured exorbitant rent prices and slim inventory over the past 24 months.   The bottom line is that we need far more supply and we need to stimulate housing without excessive regulations so that we bring down pricing for the consumer. #Boston #RealEstate #BostonRealEstate #BostonRealEstateMarket #Housing #Inflation #Development #RealTimeData #Construction #Multifamily #PropertyOwners #RealEstateInvesting #Unemployment

🌟 𝐑𝐞𝐧𝐭𝐢𝐧𝐠 𝐯𝐬. 𝐎𝐰𝐧𝐢𝐧𝐠: 𝐖𝐡𝐚𝐭’𝐬 𝐑𝐢𝐠𝐡𝐭 𝐟𝐨𝐫 𝐘𝐨𝐮? 🌟 Renting a house offers flexibility but doesn’t build equity. On the other hand, owning a house builds equity but comes with maintenance responsibilities. 🏠🔑 At 𝐓𝐡𝐞 𝐓𝐞𝐫𝐫𝐲 𝐒𝐮𝐦𝐦𝐞𝐫𝐡𝐚𝐲𝐬 𝐓𝐞𝐚𝐦, we understand that choosing between renting and owning can be a tough decision. Here’s how we can assist you: 🔍 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐳𝐞𝐝 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞: We'll listen to your needs and preferences to help you decide whether renting or buying is the best option for your situation. 🏠 𝐄𝐱𝐩𝐞𝐫𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: With our deep knowledge of the Brantford real estate market, we can provide you with the latest trends and opportunities. 📋 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐋𝐢𝐬𝐭𝐢𝐧𝐠𝐬: Whether you’re looking to rent or buy, we have a wide range of listings to suit every budget and lifestyle. 💼 𝐏𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥 𝐒𝐮𝐩𝐩𝐨𝐫𝐭: From negotiations to paperwork, we’ll handle all the details to make your experience smooth and stress-free. Are you ready to take the next step in your housing journey? Whether you're considering renting or buying, we can help you make an informed decision! 📞 Call us, 𝐓𝐡𝐞 𝐓𝐞𝐫𝐫𝐲 𝐒𝐮𝐦𝐦𝐞𝐫𝐡𝐚𝐲𝐬 𝐓𝐞𝐚𝐦, 𝐚𝐭 𝟓𝟏𝟗-𝟖𝟎𝟐-𝟖𝟕𝟕𝟎 for personalized advice and guidance. 🌐 Visit ViewBrantfordHomes.com to explore your options and find the perfect home in Brantford! #BrantfordRealEstate #RentingVsOwning #RealEstateTips #TerrySummerhaysTeam #REMAXTwinCity #HomeBuying #HouseRenting