Hey there, fellow adventurers in the real estate realm! We’ve got some juicy insights fresh from the real estate seas – concessions are making waves, and we’re here to spill the deets. According to our trusty Zillow report, 43 out of the top 50 markets are sprinkling more giveaways than a birthday party, changing the game for landlords and renters alike.
Salt Lake City is rocking the leaderboard with a whopping 54% of listings throwing in some goodies. But fear not, not every city is caught in the giveaway frenzy; New Orleans is playing it cool with only 9% of properties joining the party.
Our report spills the beans on major increases in concessions, with Salt Lake City leading the charge with a 26 percentage point surge from last year. We’ve got the lowdown from industry gurus like Ric Campo, spillin’ the tea on peak concessions (think three months’ worth!) in some markets.
As we ride the waves of change, our blog is your go-to compass in this sea of real estate craziness. Whether you’re a seasoned investor or just testing the waters, we’re here to break down the trends, challenges, and opportunities emerging in the multifamily real estate scene.
The Takeaway: Stay ahead of the curve in the ever-evolving real estate surf. The rising tide of concessions is turning the game upside down, and we’ve got the scoop. Dive into our blog for an adventure through the currents of change. Ready to ride the tide? Let’s plot a course together!