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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


Why ADUs Remain the Best Use of Capital for Multifamily Owners
The ADU Parking Tradeoff in LA Multifamily A lot of LA multifamily owners are adding ADUs right now, but there’s no clear consensus on the best strategy. I’m seeing two very different approaches: Some owners are eliminating parking entirely to maximize unit count Others are adding a few ADUs while preserving most of their existing parking There’s no “right” answer. It’s a classic short-term vs. long-term tradeoff. Short term: Units without parking are generally harder to leas

Jason Tuvia
1 min read


Buyer Pool for LA Multifamily to Increase Within the Next 6-18 Months
One thing I don't think enough people are talking about: The buyer pool for LA multifamily may be considerably bigger in the next 6 to 18 months. Once the lock-up periods expire and liquidity events occur at companies like SpaceX, Anthropic, and OpenAI, there will be a massive amount of new wealth created, especially here in California. If you're a tech employee who suddenly has a few million dollars of liquid net worth, LA multifamily starts to look pretty attractive. You ca

Jason Tuvia
1 min read


Labor Market Nears 2024’s End in Solid Position, Aiding Commercial Real Estate
Labor Market Nears 2024’s End in Solid Position, Aiding Commercial Real Estate

Jason Tuvia
3 min read


April's Cooler Inflation Readings Mitigate Economy's Re-Acceleration Concerns
The key CPI measures resumed their descent in April. Annual growth in the headline and core consumer price indices—the latter omitting...

Jason Tuvia
2 min read


CRE Debt and Distress
Commercial Real Estate Market Overview Despite challenges posed by rising interest rates since March 2022, the commercial real estate...

Jason Tuvia
2 min read


Home Prices Hit All-Time High, Leading Apartment Renters to Favor Long Leases
Window of Stronger Buyer Demand Lifts Home Prices The median sale price of an existing single-family home surged to a record high of...

Jason Tuvia
2 min read


Commercial Real Estate Sector Preserves Strength, Despite Inflationary Headwinds
As we embark on a new year, it's crucial to analyze the economic landscape, Federal Reserve predictions, and their potential impact on...

Jason Tuvia
2 min read


Fed Holds Rates Steady, While Taking Note of Emerging Economic Risks
The Federal Reserve's recent decisions and the overall economic landscape have significant implications for the real estate market. In...

Jason Tuvia
3 min read


Hiring Downshift Paves Way for Interest Rate Stability, Boon for CRE Investment
Understanding the dynamics of job growth, interest rates, and real estate trends is essential for navigating today's complex economic...

Jason Tuvia
3 min read


Consumers Tighten Budgets as Student Loan Payments Resume
The landscape of student loans is experiencing significant shifts that will undoubtedly influence various aspects of our economy. From...

Jason Tuvia
2 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


Tuvia Multifamily Memo - December 2022
December 2022 By: Jason Tuvia How High are Cap Rates on LA Rent Control Multifamily? Within the past 90 days throughout all of Marcus &...

Jason Tuvia
4 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


Mortgage Rate Surge Thwarts Affordability; Apartments Offer Relief from Housing Shortage
The red-hot single-family sector rapidly cooled as the Federal Reserve stepped up its fight against inflation. Surging mortgage rates...

Jason Tuvia
4 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
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