tag:blogger.com,1999:blog-13164186.post6460975749453505352..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: Rents fallingDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-13164186.post-63126038017552900772009-01-12T09:48:00.000-05:002009-01-12T09:48:00.000-05:00Looking at the YOY numbers, it seems that the last...Looking at the YOY numbers, it seems that the last to capitulate will be Arlington and Montgomery Counties. Perhaps they'll undergo what Loudon, Fairfax, and other Northern VA counties have.<BR/><BR/>So I guess the price drop of 7.5% is capitulation in Alexandria?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-46452130648738519932009-01-12T00:26:00.000-05:002009-01-12T00:26:00.000-05:00Looking at the YOY numbers, it seems that the last...Looking at the YOY numbers, it seems that the last to capitulate will be Arlington and Montgomery Counties. Perhaps they'll undergo what Loudon, Fairfax, and other Northern VA counties have.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-40772078326072419922009-01-11T22:51:00.000-05:002009-01-11T22:51:00.000-05:00I agree with the anonymous comment on January 11, ...I agree with the anonymous comment on January 11, 2009 at 12:17 PM. There are only a limited supply of basement apartments for all those moving to DC for a chance of being fully employed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-29486299638840045792009-01-11T17:16:00.000-05:002009-01-11T17:16:00.000-05:00I agree seems like rents are not really dropping h...I agree seems like rents are not really dropping here in Fairfax County Springfield area.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-18296569903528369032009-01-11T15:17:00.000-05:002009-01-11T15:17:00.000-05:00I have to agree about the communities that are far...I have to agree about the communities that are far away from the employment centers. Arlington and Fairfax are employment centers, so we'll see how they fare especially since there will be an influx of job seekers. There are so many basement apartments available.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-57462548091145774732009-01-10T18:59:00.000-05:002009-01-10T18:59:00.000-05:00"we have saw this same thing in our area. Rents ar..."we have saw this same thing in our area. Rents are going down a lot more than I would like to see"<BR/><BR/>Be on the lookout for new ghettos forming in apartment rental communities - especially those far from employment centers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-48185107789895118552009-01-10T12:59:00.000-05:002009-01-10T12:59:00.000-05:00Anonymous, in your post to "Anonymous Franconia" y...Anonymous, in your post to "Anonymous Franconia" you mentioned townhomes selling for $460,000 now going for $280,000 to $300,000. Please provide some listing examples of this.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-89060893063454622172009-01-10T10:57:00.000-05:002009-01-10T10:57:00.000-05:00Anonymous Franconia -- Rents may be holding steady...Anonymous Franconia -- Rents may be holding steady in your area, but real estate certainly isn't. I see townhouses walking distance from the metro that were once selling for $460K that are now selling for $280-$300K. Hardly "steady".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-22492134534219826962009-01-10T07:41:00.000-05:002009-01-10T07:41:00.000-05:00In my homeland of the Rust Belt, falling rents mea...In my homeland of the Rust Belt, falling rents mean more Section 8 subsidized housing (more reliable than low-end tenants, all that were left after everyone else bought a house they couldn't afford); HUD is the main housing buyer. Section 8 and HUD bring (more) crime. Thanks, Uncle Sam and social engineering!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-35785052768723449192009-01-10T02:12:00.000-05:002009-01-10T02:12:00.000-05:00we have saw this same thing in our area. Rents are...we have saw this same thing in our area. Rents are going down a lot more than I would like to seeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-77271256801272396612009-01-09T23:12:00.000-05:002009-01-09T23:12:00.000-05:00I live in Franconia near the beltway and my rent i...I live in Franconia near the beltway and my rent is going up 4.5%. Real estate is holding steady. One thing I have noticed is that from January 2003 to January 2004 that prices sort of held steady. Is it because the onslaught of sub-prime mortgages that drove prices exponentially up since 2004?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-19385855680489702232009-01-09T22:39:00.000-05:002009-01-09T22:39:00.000-05:00Point taken, but counting your chickens before the...Point taken, but counting your chickens before they've hatched is a bit like... what led to the economic situation in the first place, isn't it?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-31846510313242353392009-01-09T19:48:00.000-05:002009-01-09T19:48:00.000-05:00Anonymous said... Considering the fact that the fi...<I>Anonymous said... <BR/>Considering the fact that the first quarter of 2009 is the period between January 1st 2009 and March 31st 2009, and the fact that today is January 9th 2009; your thought regarding the quarter is either pure speculation or complete fantasy. Pick one.</I><BR/><BR/>HUmm. Me thinks you don’t remember too much about the first quarter 2008.<BR/><BR/>Speculation, yes. But did we start the first quarter of 2008 with a half million in jobs lost? Did we start the first quarter of 2008 with bailouts for the big three? Did we start the first quarter of 2008 with a trillion dollars of tax payer bailouts gone-poof-?<BR/><BR/>The fantasy would be in thinking that the first quarter of 2009 is “shaping up” to 2008 levels.roberthttps://www.blogger.com/profile/10354810363004791622noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1810234183539127442009-01-09T19:38:00.000-05:002009-01-09T19:38:00.000-05:00I live in Springfield, VA and my rent just went do...I live in Springfield, VA and my rent just went down....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-19962066745730437572009-01-09T15:32:00.000-05:002009-01-09T15:32:00.000-05:00the first quarter of 2009 is a lot different than ...<I>the first quarter of 2009 is a lot different than the first quarter of 2008</I><BR/><BR/>Considering the fact that the first quarter of 2009 is the period between January 1st 2009 and March 31st 2009, and the fact that today is January 9th 2009; your thought regarding the quarter is either pure speculation or complete fantasy. Pick one.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-36589342800851252492009-01-09T14:24:00.000-05:002009-01-09T14:24:00.000-05:00the first quarter of 2009 is a lot different than ...the first quarter of 2009 is a lot different than the first quarter of 2008Gates2Uhttps://www.blogger.com/profile/17199873722060765531noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-57831321740032669672009-01-09T10:31:00.000-05:002009-01-09T10:31:00.000-05:00Renters can't escape housing foreclosure crisis By...Renters can't escape housing foreclosure crisis <BR/><BR/>By Stephanie Armour, USA TODAY<BR/><BR/>Rents, in fact, are accelerating in many markets across the USA. Vacancy rates are down from last year, and average rent is projected to rise 5.3% in 2008, up from a 3.1% increase in 2007, according to the National Association of Realtors. In some cities, rents are climbing at a double-digit clip.<BR/><BR/>Median rent for the first quarter of 2008 in 12 major metropolitan areas: <BR/><BR/>Atlanta: $986<BR/>Austin: $907<BR/>Boston: $1,645<BR/>Chicago: $1,355<BR/>Las Vegas: $1,056<BR/>Los Angeles: $1,699<BR/>Miami: $1,368<BR/>New York: $1,751<BR/>Phoenix: $939<BR/>San Francisco: $1,810<BR/>Seattle: $1,211<BR/>Washington D.C.: $1,687<BR/>All metro areas: $1,368<BR/><BR/>In San Francisco, the median rent rose 14.6%, to $1,810 a month in the first quarter this year compared with a year earlier, according to an analysis by Newton, Mass.-based Investment Instruments. The median rent in Seattle rose 10.3%, to $1,211, in the same period. In Washington, D.C., the median rent rose nearly 5%, to $1,687.<BR/><BR/>And in 2007, the number of renters in professionally managed apartments leapt by the largest amount since 2000, according to the National Multi Housing Council's March report. That increase was as large as the increase for the previous five years combined. From 2004 through 2006, 1.2 million households joined the ranks of renters, more than making up for the loss in renter households sustained from 2002 to 2004. <BR/><BR/>more<BR/><BR/>http://www.usatoday.com/money/economy/housing/2008-04-21-rent-rising-eviction_N.htmAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-61842845870221619582009-01-09T10:27:00.000-05:002009-01-09T10:27:00.000-05:00Spring 2008 Sunrise Multifamily Rental Market Repo...Spring 2008 Sunrise Multifamily Rental Market Report Finds Average Rental Rates Rising Across Northeast Markets. <BR/><BR/>From: Business Wire | Date: June 20, 2008 | COPYRIGHT 2008 Business Wire. <BR/><BR/>ALBANY, N.Y. -- The Spring 2008 Sunrise Multifamily Rental Market Report (c) released today by Sunrise Management & Consulting, reports average rental rates rising in most of the markets surveyed. Rate increases were recorded in all the New York, Massachusetts, New Hampshire, Maine and Vermont markets. Only Rhode Island and Western Connecticut, regions with existing high housing costs, reported flat growth. <BR/><BR/>more:<BR/><BR/>http://www.encyclopedia.com/doc/1G1-180378335.htmlAnonymousnoreply@blogger.com