Multifamily

With home sales down for the last three months, economists predict home prices will fall to meet the new market conditions.

The organization 17-Forward-86 staged a press conference today at the State Legislative Office Building in Albany where it unveiled its initiative to convince state lawmakers to fund a third lane each way on Route 17 from the Exit 131 Harriman interchange to Exit 103 in Monticello.

The cap rate spread between Phoenix and California multifamily is 75 to 100 basis points, and it is driving investment capital south.

Amherst Residential is targeting the purchase of more than 10,000 single-family rental homes by the end of 2019.

Florida Valuation Group's three principals Nick Chop, MAI, R/W-AC; Courtland Eyrick, MAI, AI-GRS and Justin S. Markley, MAI, CCIM, along with the firm's team of appraisers are all joining CBRE in Jacksonville. Every member of the Florida Valuation Group's team has extensive commercial and litigation appraisal experience.

While rising interest rates and peak pricing have slowed home sales, tech industry growth continues to drive strong demand for for-sale product.