2Q19 Excerpt: Leasing Revival Continues

2Q19 Witten Advisory Excerpt: The favorable overall supply/demand dynamics for the nation carried over to most local markets – with all but 7 reporting leasing rates outstripping net supply.  If we went back a year, only 15 metros – rather than 36 – would have reported more demand than supply and thus rising occupancy rates. …

4Q18 Excerpt: No Housing Debacle Ahead

Excerpt from the 4Q18 Witten Advisory:  The “double-barreled blitz” of rising mortgage rates and solid increases in home prices should result in waning homeowner affordability.  Home appreciation reached nearly 6% over the past year, while mortgage rates rose by 60 bps, pushing principal and interest payments up almost 14%.  Double-digit P&I increases should continue through…