PROPERTY SEARCH      |      RESOURCES      |      ASSISTANCE      |      REAL ESTATE BLOG
Idaho Bank Owned Real EstateIdaho Short Sale Real EstateIdaho Home Buyer ServicesIdaho Home Seller Services
Find your Idaho dream home now!
View our Idaho real estate listings or search the MLS for the homes and land that fit your needs!
Start Your Search on my Sikku
 
 
SEARCH THIS SITE:
Loading
 
Get Connected to
Iron Eagle Realty Team

Iron Eagle Realty Team on TwitterIron Eagle Realty Team on FacebookIron Eagle Realty Team on LinkedIn
 
Find Idaho Homes By City

Boise Real Estate
Meridian Real Estate
Eagle Real Estate
Kuna Real Estate
Star Real Estate
Nampa Real Estate
Caldwell Real Estate
Middleton Real Estate
Boise , ID - 30°

Testimonials
Idaho real estate clients

Investment Property Search
Real Estate Investment
Boise Homes Link Exchange My Link Exchanges
Exchange links with one of today's top Boise Realtors! Link exchanges can be a great benefit to website owners on both sides! Contact me with your linking info!
Click Here
Blog Subscription
Subscribe to Our BlogGet the latest news and info!

Subscribe to Our Real Estate Blog

Angies List
The Iron Eagle Realty Team at Silvercreek Realty Group
Boise Idaho Real Estate
Boise Idaho Investment Real Estate



The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and purchase of personal homes, investment real estate and commercial real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Our specialties include single family residential units, residential income properties (2-4 units), apartments (5+ units), commercial properties and 1031 Exchanges. Our team has a broad-based market knowledge in areas such as the marketing and selling of personal homes, investment properties, cash flow and return on investment analysis, property management, tax implications, short sales and foreclosures. In addition we have helped many homeowners and investors avoid foreclosure by successfully completing short sales. We handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs. If you are looking for your next Home or the Perfect Investment Property, you can click here to use our Automated Dream Home Search Tool.

Michael Hon, CEO of The Iron Eagle Realty Team and Associate Broker with Silvercreek Realty Group has been successfully helping homeowners and investors since 2005 in the Boise Idaho Real Estate market. Michael has an MBA and a BSEE.

Social Links
Use the links below to get connected on these social networks!

FACEBOOK TWITTER LINKEDIN ACTIVERAIN YOUTUBE


Boise Meridian Eagle Idaho Real Estate - Homes Sales and Boise Investment Properties

What Slowdown? Rent Growth Accelerated in 2014
VIEW BLOG AT BLOGSPOT



What Slowdown? Rent Growth Accelerated in 2014
Rents grew a healthy 4.7 percent last year, the highest level since 2011, according to MPF Research.
By: Les Shaver, Multifamily Executive

Apparently fears of the apartment market slowing were overblown, according to a recent report from RealPage's MPF Research.

Rent growth accelerated to 4.7 percent in 2014, the highest figure since 2011. Usually the pace of rent growth slows after the first couple of years of a cycle, but this upturn is behaving differently, driven by strong job growth in higher-paying jobs in 2014.

“The overall economic performance was stronger than typical at this stage of the recovery,” said MPF Research vice president Greg Willett. “Job production went up 20 to 25 percent over the previous three or four years. In past years, 60 percent of those jobs were in low-paying industries. In 2014, 60 percent of those jobs were in higher paying industries.”

One surprising driver of growth was the fourth quarter, when things usually slow. Rents actually rose 0.6 percent during the last quarter of 2014, which was only the second time in the last decade rents rose so much at the tail-end of the year (the other time was 2005).

“The overall economic performance was stronger,” Willett says. “And, certainly if you compare it to last year, the weather was really cooperative, as well.”

Absorbing the Supply
The industry’s strong performance in 2014 came despite a 14-year high of 246,579 new completions in the nation’s 100 largest metros. But with demand at 268,532 units, the supply/demand equation was still in favor of landlords, as occupancy climbed 30 basis points to 95.3 percent.

Supply should increase this year as well. During 2015, 290,145 new units are expected to be delivered, which will put more pressure on apartment owners. But MPF expects actual deliveries to be less than that because of construction delays due to labor shortages in many markets. As such, the research firm forecasts 2015 new supply to be around 250,000 to 260,000 units, which will be on par with 2014’s tally.

MPF expects the market to be able to absorb those 250,000 to 260,000 new units. Overall, MPF expects rent growth of 3.5 to 4 percent for the year ahead. But the growth won’t be even.

“I do think we are in late innings for the urban core/really expensive apartments,” Willett says. “There just aren’t that many households out there who can afford that. Those units tend to be built for Millennials, but honestly they’re too expensive for them.”

But in other spots, outside of the urban core, 2015 looks a lot better.

“We still have a lot of runway for suburban or even urban fringe, where you’re just coming down from that 'Main and Main' price point by 10 or 20 percent,” Willett says. “The middle market is still going strong. The concern about the middle market was affordability. But if wage growth is getting better, maybe that’s not as big a problem as we thought it should be.”

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.
PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor
Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan! 
Click Here to Pre-Qualify for a Loan Online!

IERT logo
Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com



View Externally Here
Michael Hon, Iron Eagle Real Estate

Idaho Homes For Sale

Michael Hon of Iron Eagle Real Estate is your trusted source for experienced real estate services in Boise and throughout the Treasure Valley. With extensive knowledge in handling foreclosures, short sales, and more he has the skills you will need to navigate today's often turbulent real estate market.
Contact Michael
5 / 5 Stars