Homeless families with children were turned away from emergency shelters because no beds were available in 73 percent of the cities surveyed for the U.S. Conference of Mayors' 2014 Status Report on Hunger & Homelessness Policies and Programs Addressing Homelessness.
We’re finally going to see what happens after the federal Terrorism Risk Insurance Act (TRIA) expires January 1. For the last year, real estate experts like DeBoer warned of calamity if Congress failed to renew TRIA, which provides a federal backstop to property insurance plans that cover damages from terrorist attacks.
The good times for commercial real estate are likely to keep going a little longer, according to experts surveyed for the latest Consensus Forecast survey from the Pension Real Estate Association (PREA).
Hang on tight—optimistic projections that apartment markets can absorb high levels of new construction are going to be tested soon. Developers will start construction on 405,000 units of multifamily housing in 2015, according to the 2015 Dodge Construction Outlook.
Multifamily REITs have lots of money from eager Wall Street investors, but it’s hard to find good opportunities to buy properties in core markets. Apartment REITs have been net sellers overall in 2014, though by a very small margin.
By at least one measure, the yield on investments in apartment properties still hasn’t matched the level of the real estate boom. That’s the “risk premium” that investors demand for apartments compared to Treasury bonds—a supposedly risk-free investment.