by Joe Stampone | Aug 24, 2020 | Market News, Multifamily
As I write this, I’m sitting in my home office, working at full capacity. The S&P 500 is back near all-time highs and asset prices have remained high, driven by the reduction of interest rates to near zero and the liquidity that has flooded the markets. Things...
by Joe Stampone | Jun 6, 2020 | Market News
I started my career in real estate in 2009. For the first 11 years, I enjoyed one of the longest expansions in history. I remember thinking in 2015 that assets were expensive and good opportunities were hard to come by. I’m not sure where that came from. Perhaps it...
by Joe Stampone | Apr 12, 2020 | Market News, Multifamily
Over the past 3 weeks, nearly 17 million people filed for unemployment. True unemployment at this moment is about 18%, compared with just 3.5% as of the first week of March. Many of these individuals rent apartments, have little in the way of savings, and find...
by Joe Stampone | Mar 22, 2020 | Market News, Multifamily
I started my career in the real estate business in 2009, the bottom of the Global Financial Crisis. It’s been a historic 10+-year run for the multifamily sector. The combination of economic growth, organic rent growth, compressing cap rates, and sustained low interest...
by Joe Stampone | Jun 23, 2019 | Entrepreneurship, Market News, Multifamily, Passive Investing, Value-Add
Multifamily has been the darling of the recovery and remains one of the most sought-after asset classes. And why wouldn’t it be? We’re constantly bombarded with the case for multifamily; there’s a secular shift toward renting, millennials are getting married and...
by Joe Stampone | Mar 9, 2019 | Market News, Multifamily
Multifamily, class B in particular, has been one of the best performing asset classes over the past decade. Demand has outpaced supply, leading to sustained rent growth and significant investor interest. As of March 2019, the average apartment vacancy rate was near...
