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A Better Way for LA to Improve Housing Conditions
A week ago, the Los Angeles Controller’s Office released what it called the “Top 100 Rental Properties” list in LA. As I started going through the addresses, I noticed something interesting. I recognized many of the properties not because I was involved in them, but because a surprisingly significant number of them have traded over the past few years. Roughly 16% of the buildings on the list have sold within the last 4 years. That raises a bigger issue. Instead of focusing on

Jason Tuvia
1 min read


Rental Demand Shifts into Higher Gear as Inflation Eases, Helping Offset Supply Pressures in Many Markets
Lower-cost submarkets on solid footing. Amid a period of household budget tightening, local apartment fundamentals point to strong...

Jason Tuvia
3 min read


Demand Hits a First Quarter Record, but New Supply Curbs Vacancy and Rent Progress
Robust Demand Momentum The multifamily sector experienced substantial demand growth in the first quarter of 2024, with a record-breaking...

Jason Tuvia
2 min read


Divergent Residential Construction May Provide Greater Balance Longer Term
Single-family accounts for a growing share of development. Multifamily and single-family construction trends are moving in opposite...

Jason Tuvia
2 min read


Housing Market Enters Spring Thaw as Listings, Sales Gain Momentum
More Prospective Buyers and Sellers Coming to Terms The number of existing single-family homes available for purchase swelled to a...

Jason Tuvia
2 min read


Normalizing Rent Growth Points to Future Cooling in Core Inflation
Inflation Continues to Show Varied Trends The headline consumer price index (CPI) showed a slight uptick in July, rising by 3.2 percent...

Jason Tuvia
3 min read


Higher-Wage Households Renting as Home Prices Get a Summer Sizzle
The real estate market continues to be a hot topic in mid-2023, with sellers maintaining the upper hand due to a shortage of housing...

Jason Tuvia
3 min read


Tuvia Multifamily Memo - March 2023
Los Angeles Multifamily Market Update March 2023 By: Jason Tuvia Where are Interest Rates Now for LA Multifamily? Many lenders have...

Jason Tuvia
4 min read


Fed Continues to Ease Back on Rate Increases to Assess Cumulative Impact
Softening economic data warrants less-assertive rate increase. The Federal Reserve has extended its tightening cycle into 2023 by raising...

Jason Tuvia
2 min read


Ongoing Job Growth Reflects Economy’s Resilience, but Portends Fed Response
Hiring continues, but signs of slowdown emerging. The labor market welcomed 263,000 new jobs in September, above the long-term monthly...

Jason Tuvia
2 min read


Development Slowdown a Step Backward in Resolving Housing Shortages
Home purchases and prices stay on the descent. In the wake of the Federal Reserve’s fifth interest rate hike so far this year, borrowing...

Jason Tuvia
2 min read


Structural Inflation Drivers Prompt Rate Hike; Real Estate Capital Markets Responding
Federal Reserve enacts fifth rate hike of the year. Following accelerated core CPI inflation and ongoing above-average hiring last month,...

Jason Tuvia
2 min read


Housing Dynamics Signal Long-Term Tailwinds as Sector Exits Record Demand Stretch
After vacancies plunged to historic lows for many parts of the country in 2021, rates have trended up in the first half of 2022 as...

Jason Tuvia
2 min read


Job Growth Downshifts to Goldilocks Zone, Providing Runway for Fed to Pull Off Soft Landing
Last month’s employment report ideal for Fed objectives. Employers added 315,000 personnel to payrolls in August, below the 526,000 jobs...

Jason Tuvia
1 min read


Rental Demand Cools Off After a Record-Breaking Stretch, but Housing Market Dynamics Indicate Longer
After national vacancy plunged to a historic-low in 2021, the rate trended up in the first half of 2022 as inflationary impacts and broad...

Jason Tuvia
3 min read


Multiple Real Estate Sectors Poised to Benefit from July’s Inflation Slowdown
Inflation trend may be turning corner. The headline Consumer Price Index in July was up 8.5 percent compared to a year prior, a...

Jason Tuvia
2 min read


Living Cost Sensitivity and Slower Household Creation Modify Demand Flows
Sequence of rate hikes decay housing affordability. In late July, the Federal Reserve again lifted the overnight rate by 75 basis points...

Jason Tuvia
2 min read


Recession Call Elusive as GDP Declines Against Strong Labor, Property Markets
GDP contracts, but other economic indicators in the green. Real gross domestic product declined at an annualized rate of 0.9 percent in...

Jason Tuvia
2 min read


Inflation Accelerated in June, but Forward Indicators Suggest Relief Ahead
High inflation persists, but pressure may ease. The Consumer Price Index advanced 9.1 percent year-over-year in June, its fastest pace...

Jason Tuvia
2 min read


Strategies for Greening Your Building
Reduce Costs and Increase Tenant Satisfaction with Energy-Efficient Upgrades to Your Building Greening a building is not just a matter of...

Jason Tuvia
4 min read
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