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Media Contact: Chris Kelley, MPD Ventures PR Principal, for CONTI Capital
chris@mpdventures.com or 214-457-5266
CONTI Capital Releases List of Top 10 Real Estate Investment Markets, Soaring Cost for First-Time Home Buyers, Rent Growth Moderating but Still Surpassing Historical Levels, and More – News and Expert Analysis from CONTI Capital
This month, CONTI Capital released its list of top 10 markets for multifamily real estate investment going into the second half of 2022. The Dallas/Fort Worth Metroplex tops the list, followed by other notable Sun Belt metros. And while rent growth is moderating throughout the country, CONTI shows that rent growth is still outperforming historical levels, with particular strength being seen in the Sun Belt region among Class A apartments. This trend is evident as costs soar for first time home buyers.
Here is a look at some of the latest in-depth analysis from CONTI Capital:
CONTI Capital’s top 10 markets for multifamily investment, mid-year 2022
By tracking 400 weighted indicators, the CONTI Index shows Dallas/Fort Worth tops the list for multifamily real estate investment in the 2nd half of 2022, followed by Atlanta, Austin, Raleigh-Durham, Charlotte, Houston, Phoenix, Nashville, Orlando, and Tampa.
Rent growth is moderating, but still outshines historical growth
While rent growth is cooling from its breakneck pace in 2021 and early 2022, it’s still outperforming historical rent growth levels. Rent growth is particularly strong in the Sun Belt region among Class A apartments.
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The soaring cost of housing for first-time homebuyers
The homebuying market is still entangled in an affordability crisis exacerbated by increasing interest rates. This presents challenges especially for renters who would like to buy homes, according to a report by Harvard University’s Joint Center for Housing Studies. Prohibitively high buying costs are pushing many potential buyers to continue renting, strengthening fundamentals for multifamily real estate.
Overbuilt data center supply could negatively impact performance
Data centers are projected to see the biggest supply growth by far of all real estate sectors into 2026, and due to projected supply might be looking at compromised income appreciation.
Income growth is strongest in Sun Belt metros
Sun Belt metros overall saw aggregate incomes increase in Q2 by 10.96% year-over-year – significantly more than coastal and Rust Belt markets.
Breaking news: CPI sees largest increase since 1981
On a year-over-year basis, prices are up by 9.1%, the largest annualized increase in prices since November 1981.
Nashville’s office job market is one of the strongest in the U.S.
Nashville experienced a solid 8.5% growth in office-using jobs year-over-year in April, and in the overlapping job category of professional and businesses services, 9% job growth year-over-year.
Texas is good for business: Caterpillar moves to the Lone Star State
Caterpillar Inc. is moving its corporate headquarters to Irving, Texas for its favorable business environment after nearly a century of calling Illinois its home.
With global market offices in Dallas, Miami, São Paulo, and future offices in New York and London, CONTI Capital is here to keep you up to date on CRE and multifamily industry news and insights for 2022 and beyond.