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The Housing and Apt. Outlook for 2017

IRVINE, CA—GlobeSt.com speaks with MBK’s Craig Jones to get his take on the biggest events that shaped the residential sector this year and what to expect for 2017, including the election’s impact.

Craig Jones Jones: “While still moderate at a national level compared to historic standards, the scale of new development within specific submarkets for completion of units in 2017 and 2018 is concerning and may lead to increased concessions. “

IRVINE, CA—Both the housing and apartment sectors have been experiencing a long and steady upward trajectory since the recession, but both still face challenges. We spoke with MBK Rental Living’s VP of acquisitions and asset management Craig Jones about some of the biggest events and challenges in both sectors this year and his outlook for 2017.

GlobeSt.com: What were a few of the biggest events that shaped the housing industry in 2016? Was it what you expected? 

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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