Here are seven stories about apartment market and investment trends in the Puget Sound region. This is a summary of our presentation on Wednesday to the Rental Housing Association of Puget Sound at their annual Spring Workshop. Fasten your seatbelt. That presentation was 70 minutes but we'll whisk you through the key points in this 8 minute video.
2. 7 STORIES TO TAKE AWAY TODAY:
• The intertwined couple
• The 3 rules of development
• The iHome
• Justin time
• Leave it to Beaver
• The “Geezer Effect”
• 3 rules of forecasting
19. Mortgage payment as % of rent
(King County; 20+ units)
300%
275%
250%
225%
200%
175%
150%
Mortgage/Rent
125% Long term average
100%
1992
2006
1980
1982
1984
1986
1988
1990
1994
1996
1998
2000
2002
2004
2008
2010
2012
Source: Dupre + Scott www.duprescott.com
20. Vacancy forecast: Tri-county
(King, Pierce, Snohomish counties; 20+ units)
8.0% Gross
7.5% Market
7.0%
6.5%
6.0%
5.5%
5.0%
4.5%
4.0%
3.5%
3.0%
Dec 12 Jan 14 Jan 15 Jan 16 Jan 17
Source: Dupre + Scott www.duprescott.com
21. Rent forecast: Tri-county
(King, Pierce, Snohomish counties; 20+ units)
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
-1.0%
Dec 12 Jan 14 Jan 15 Jan 16 Jan 17
Source: Dupre + Scott www.duprescott.com
22. 7 STORIES TO TAKE AWAY TODAY:
• The intertwined couple
• The 3 rules of development
• The iHome
• Justin time
• Leave it to Beaver
• The “Geezer Effect”
• 3 rules of forecasting