AREI 81:Our Multifamily Real Estate Outlook Suzy & Michael
There's no time like now to be a continued student of the markets while investing in commercial real estate, especially in a bear market and with the uncertainty of a recession in the coming years.
Susie and I constantly review reports from various different sources, such as media, our such as Yardi and the bureau of labor statistics, as well as other, sources out there that markets in middle chap and, other, multifamily reports that are available as well as economic reports.
In this episode we discuss our Multifamily Real Estate Outlook and also stay tuned until the end as we share with you about the greatness of the Tulsa market and how that's combined in all of this. Come join us and listen in!
[00:00 - 01:45]
• Welcome for today's show were excited to share this with you.
[01:47 - 03:57]
• Single family housing market is cooling off.
•Rent growth on 2021 was an anomaly.
[03:56 - 05:27]
• Sunbelt areas, and why the average mortgage payment is still higher than the average rent?
[05:26 - 09:57]
• Why we love Oklahoma city and Tulsa?
• The trend of sales volume since 2021 is down in 2022.However, it is still trending higher than 2018 and 2019, with, 2020 lower because of the pandemic.
[09:59 - 12:24]
• How we do our underwriting with current rent growth in Tulsa?
• What's on our next episode?
Memorable Quotes
"Employment in Tulsa has grown by 3.6% over the past 12 months, while hourly wages have risen by 7.4% YoY to $28.77 according to the Bureau of Labor Statistics." - Michael
"New lease asking rents are at $939, up 12.3%, from the previous year placing Tulsa at 47th overall in year-over-year rent growth." - Michael
Until next time…
Explore more. Adventure awaits.
