Apartment Look

When it comes to condominium development , Cascadia’s two largest cities couldn ’t be more different. Last year nearly 60 percent of new housing starts in the city of Vancouver, BC , were condominiums; meanwhile, Seattle saw no new condominium buildings open . And that’s not changing anytime soon: less than 10 percent of all building slated for downtown Seattle in the next three years will be condos. What’s the difference—why the blossoming of condominium construction in one city and the almost complete dearth in the other? The short answer is economics. In Vancouver, apartments are saddled with an unfavorable tax code , making condos the more lucrative multi- family housing investment even despite high rental demand . In Seattle’s skyrocketing rental market , one that’s climbed even faster than the condo market in recent years, apartment buildings are much more financially attractive, while condos come with bigger risks and, typically, lower returns. Compounding this profit differe...

Matt Boys recently bought a dilapidated triplex near Charles and Snelling avenues in St. Paul with the goal of leasing out one apartment the traditional way and listing two others through the short- term rental platform Airbnb . Given the ongoing construction of a Major League Soccer stadium down the street, the Airbnb opportunity justified the $40,000 renovation, said Boys, noting he might not have taken the chance otherwise. Likewise, not all the apartments at the Lowry Building on downtown St. Paul’s Wabasha Street are available for lease year-round or even month-to-month. Building owner Madison Equities rents out at least seven units through Airbnb, and a handful of year-round tenants have taken to doing the same. As a result, visitors to downtown St. Paul can spend a night or two at the Lowry relaxing in a more residential setting than the typical hotel. But soon both properties may be out of step with the law in St. Paul. On Friday, the St. Paul Planning Commission voted 11...

{Zillow} Great news? According to Zillow’s May 2017 Rental Market Overview , Skinker DeBaliviere has shown the largest increase of any St. Louis neighborhood in annual rents, a 12.9 percent gain. The only other neighborhoods where rents grew by more than 10 percent in the last year were Vandeventer (11.2 percent), and Tiffany (10.3). Notably, the increase in rents in our neighborhood was also higher than any town in the St. Louis Metro area , including towns in St. Charles County and Metro East in Illinois. People clearly want to live here, and we are on a roll. If you own rental properties in the neighborhood, this news might make you feel like breaking out the champagne. It also might give you some second thoughts about selling when you get those unsolicited letters from real estate operators asking to buy your home, as so many of us on my block seem to. If you own property in the neighborhood, then what’s not to like? {Zillow} Well, even if you like and will benefit from higher r...

Most people associate Memphis with blues music and Elvis Presley, and that certainly isn't wrong. However, the city has a lot more to offer than just its vibrant musical history . Memphis is home to fascinating museums, beautiful landscapes and some of the best barbecue on the planet. These factors combine to make rental properties in Memphis, TN so desirable. Attractions in Memphis If you come to Memphis for the music, you won't be disappointed. You might want to visit the Stax Museum of American Soul Music , Elvis Presley's Graceland, the studios made famous by Johnny Cash or even the many live music venues along Beale Street. Lovers of music, dining and nightlife will naturally be drawn to the downtown Memphis apartments , and families who want to be close to the Memphis Zoo might be interested in one of the great midtown Memphis apartments . Memphis' Natural Beauty Memphis is also a wonderful destination to head outdoors and enjoy the beautiful scenery. You can ...

Zillow Group, Inc. (ZG) Q2 2017 Earnings Conference Call August 08, 2017 17:00 P.M. ET Executives RJ Jones – VP, Investor Relations Spencer Rascoff – CEO Kathleen Philips – CFO Analysts Ronald Josey - JMP Securities Mark Mahaney - RBC Capital Markets Unidentified Analyst - Sli.do © Provided by Seeking Alpha Earnings Call Transcripts Michael Graham - Canaccord Genuity Christian Rice - Needham & Company Hayden Blair - Stephens Inc. Brian Nowak - Morgan Stanley Mark May - Citigroup Lloyd Walmsley - Deutsche Bank Bradley Erickson - KeyBanc Capital Markets Shyam Patil - Susquehanna Financial Group Heath Terry - Goldman Sachs Presentation Operator Good day, ladies and gentlemen, and welcome to the Zillow Group's Second Quarter 2017 Earnings Call . At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will be given at that time. [Operator Instructions]. As a reminder, today's call is being recorded. I wou...