Housing situation article – LINK
In short, this article explains the topic of housing in New York and some of the theory used throughout this process.
The above article peaked my interest so I wanted to see what the year over year residential rates looked like and I came across this from Real Property Management:
Better yet, ApartmentList.com produces another detailed report that shows some areas (Bloomfield in particular) above a 5% rent growth. Here is the details of their study:
Denver Rent Report – Link
I can geek out on this type of information only because I know how much work goes into this type of data, and the information has great implications into the commercial real estate sector. For example, if the cost of living (rent in particular) is driving up higher than the employment wages in a given area it’s easy to see how office buildings and retail settings will be impacted. I know this is one of those “chicken or egg” topics, but I think it’s fun to explore.
Higher Home Value – Link