Kenneth Perlman, with John Burns Real Estate Consulting recently spoke @ the FIG, IREI Summit in February. His session was entitled, "State of Multifamily Market in the West." Here's a breakdown of several of the topics he covered that you can learn in his video or read at fig.us/kennethperlman.
The 5+ Things You'll Learn Today:
Learn "the Demographic Tailwinds and Opportunities" - demographics by generation
What's Happening in the Economy Right Now - recession risks - growth in 2020+? - "the economy is solid but be cautious.."
Rental Market Fundamentals in the West - effects of low unemployment - multifamily construction boom has ended: YOY decline forecast - the true cost of renting vs owning - projected cap rates/interest rates
Renter Demographics in the Rental Market - today's affordability is much worse - multifamily permit volume changes and predictions past 2021 - occupancy trends
Strategies for Success in the West - speculative investing has preceded 11 of the last 12 recessions - class A vs B/C - how to shift your business based off shifting demographic demand - success factors to consider
67% of Economics Forecast a Recession in the Next 2 Years"
"Speculative Investing - Often Fueled by Debt - Has Preceded 11 of the Last 12 Recessions"
"Strong Demand, Low Supply and Low Rates Have Pushed Home Prices and Mortgage Payments up 30+% Faster than Incomes Since 2011"
"Owning an Entry-Level Home Costs More Than Renting in All Top Apartment Markets"
Background on Kenneth Perlman:
Ken has more than 20 years of experience in the real estate industry. He has directed analyses of residential and commercial projects throughout the US, including master-planned communities, active adult housing, high-rise development, urban projects, and commercial and retail developments.
Prior to joining John Burns Real Estate Consulting in 2010, Ken was Vice President with a San Diego market research team and a Senior Analyst with a national housing market analysis firm. He began his career as a residential land broker with Grubb & Ellis.
Ken holds a B.A. in Urban Studies and Planning from the University of California, San Diego and an M.B.A. from the University of San Diego, and is based in our San Diego office.
Request material from the Presentation:
If you'd like a copy of the slides, contact firstname.lastname@example.org
Or learn more about Kenneth Perlman @ fig.us/kennethperlman
The State of the Multifamily Market in the West - IREI Summit 2019