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On this page, you’ll learn about the following:
Best Real Estate Investment Management Statistics
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- Approximately 87.9% of housing units available on the market were occupied during the first quarter of 2019. [0]
- According to the National Association of Realtors, real estate properties with drone photography or video shoots as part of their marketing plan sell on average 68% sooner than properties that donât. [0]
- A $0.4 trillion increase was recorded between 2017 and 2018; meaning, the market has surely surpassed the $9â10 trillion threshold by now, according to housing statistics. [0]
- Nevertheless, the US market remains considerably larger when compared to other nations â according to the MSCI, the US real estate market size was at least 3.5 times bigger than that of Japan, which currently takes second place. [0]
- This illustrates that the real estate market is not lagging behind when it comes to digitalization; back in 1981, roughly 22% of US homebuyers relied on newspapers to look for available properties. [0]
- 92% of realtors on the current real estate market exclusively prefer text messages. [0]
- This market value increased7.78%over 12 months. [1]
- Thatâs 35.95% of the global market, which is valued at $13.88 billion. [1]
- North Americaâs market value grew 7.78% from 2019 to 2020. [1]
- 39% of the national industry market share ultimately goes to the property managers themselves. [1]
- This is a 6.6% greater market share than the global average, which is 36.6%. [1]
- The total market size for renters is 34%. [1]
- 10 housing markets positioned for the highest price growth in 2024 include Providence, Salt Lake City, and Boise where home prices are predicted to grow by more than 7%. [2]
- For the US overall, annualized rent growth on vacantto occupied SFRs surged by more than 17%, with suburban migration and a tight housing market creating upward pressure on rents. [2]
- âHidden gemâ housing markets poised for major growth in 2024 include Salt Lake City, Boise, Spokane, and Indianapolis with combined sales and price growth rates of more than 20%. [2]
- The US market for smart home products grew by 9.5% in the 3rd quarter of 2021, with devices such as home monitoring and security, smart speakers, lighting and smart thermostats seeing some of the greatest demand. [2]
- According toZillow, the hottest real estate market for 2021 is Austin, Texas. [3]
- Days on market is 62 days with single family homes in Dallas selling nearly 14% faster than one year ago. [4]
- Since the last real estate cycle market peak in May 2006, home prices in Dallas have increased by 53.3%. [4]
- Since the last real estate cycle market bottom in March 2012, home prices in Dallas have increased by 80.4%. [4]
- Dallas has an affordability index of 5 out of 10, meaning that housing affordability in the market is mid range and helps to explain the high percentage of people renting in Dallas. [4]
- Statistics reveals that as a demographic, Millennials are accounting for nearly 33% of the home sales in all major housing markets of the country. [5]
Real Estate Investment Management Software Statistics
- Hence, itâs no surprise that around 85% of residential companies use more than one listing software. [0]
Real Estate Investment Management Latest Statistics
- After recording net occupancy growth for the first time since the onset of COVID 19 in Q4 2021, absorption ended Q1 essentially flat, with a quarterly decline of 5 million square feet representing a modest 0.1% decline in occupancy. [6]
- Leasing activity rose by a healthy 5.4% on the back of improved clarity surrounding returnto. [6]
- 5.64 millionexisting homeswere sold in 2020, according to data from the National Association of REALTORSÂŽ. [7]
- 822,000newly constructedhomes were sold in 2020, according to the U.S. Census Bureau. [7]
- There are approximately 119.7 million occupied housing units in the United States, according to the2018 American Community Survey. [7]
- According to the2021 Profile of Home Buyers and Sellers, the typical home seller has been in their home for 8 years. [7]
- In 2019, 64.9% of families owned their primary residence, according to the Federal Reserve’sSurvey of Consumer Finances. [7]
- Monthly Membership Report and NAR Membership Statistics, 1908 present 68% percent of REALTORSÂŽ are licensed as sales agents, 20% hold broker licenses, and 13% hold broker associate licenses. [7]
- 65% of all REALTORSÂŽ are female, and the median age of all REALTORSÂŽ is 52. [7]
- 29%Bachelor’s degree 32%Graduate degree and above. [7]
- 13%Associate degree 13%Some graduate school 6%High. [7]
- ÂŽ affiliation with firmsIndependent contractor 88%Employee. [7]
- ÂŽ most often prefer to communicate with their clients through text messaging, at 93%. [7]
- Ninety percent preferred to communicate via telephone, and 89% through e. [7]
- 70% of broker/broker associates and 69% of sales agents have a website. [7]
- 81% of members have their own listings on their website, 69% have information about buying and selling, and 66% have a link to their firm’s website. [7]
- 74% of REALTORSÂŽ use Facebook and 56% use LinkedIn for professional purposes. [7]
- 20% of all members get 15% of their business from social media, and 10% get 6. [7]
- Of the members that use drones in their real estate business of office, 36% hire a professional, 14% have someone in their office that uses drones, and 6% personally use drones. [7]
- 34%Median age of firsttime buyers 33Median age of repeat buyers 56Median household income of first time buyers $86,500Median household income of repeat buyers $112,500. [7]
- Among those who financed their home purchase, buyers typically financed 87% of the home price. [7]
- 87% of buyers purchased their home through a real estate agent or brokerâa share that has steadily increased from 69% in 2001. [7]
- Buyers who would use their agent again or recommend their agent to others 75%. [7]
- Internet 51%Real estate agent 28%Yard sign/open house sign 4%Friend, relative, or neighbor 6%Home builder or their agent. [7]
- from sellers/Knew the sellers 3%Print newspaper advertisement 1% Source 2021 National Association of REALTORSÂŽ Profile of Home Buyers and Sellers. [7]
- 90% of sellers were assisted by a real estate agent when selling their home. [7]
- Recent sellers typically sold their homes for 100% of the listing price, and 35% reported reducing the asking price at least once. [7]
- 68% of sellers who used a real estate agent found their agents through a referral by friends or family, and 53% used the agent they previously worked with to buy or sell a home. [7]
- Sellers who definitely would use same agent again 90% Source 2021 National Association of REALTORSÂŽ Profile of Home Buyers and Sellers. [7]
- FSBOs accounted for 7% of home sales in 2020. [7]
- 34%Yard sign 26%Friends, relatives, or neighbors. [7]
- 18%Social networking websites. [7]
- Tours 3%Forsaleby owner websites 2%Print newspaper advertisement. [7]
- According to Freddie Mac, the 30 year fixed mortgage rate fell slightly to 5.10% from 5.11%. [8]
- The economy contracted 1.4% in the first quarter of 2024 as consumers cut back on essential spending. [8]
- Pending Home Sales Decline 1.2% in March 2024 March 2024’s pending home sales pace decreased 1.2% last month and dropped 8.2% from a year ago. [8]
- In March 2024, pending home sales were down 1.2% monthover. [8]
- Monthover month, contract signings increased in the Northeast and fell in the other three regions of the U.S. Commercial Cap Rates Likely to Keep Compressing in 2024. [8]
- Rising interest rates are likely to put some upward pressure on cap rates in 2024. [8]
- Home Price Index Accelerates to 19.8% in 2024. [8]
- Home prices rose at a surprising, accelerated pace of 19.8% yearover year in the past three months as of 2024. [8]
- 310,894 poll Average Industry Profit Margin x.x% Purchase this report or a membership to unlock the average company profit margin for this industry. [9]
- Managing trash and recycling collection Property accounting Legally representing property owners Finding and screening tenancy applicants Coordinating repair contractors 00.5% increase 0. [9]
- According to Zillow, the value of all US based homes and real estate was estimated at $31.8 trillion in 2017. [0]
- In 2018, at least 44% of US based home buyers used the internet to look up potential properties, whereas 90% of real estate businesses list their properties online. [0]
- In 2020, it is estimated that more than 1 out of every 5 commercial drone shoots will be for real estate purposes. [0]
- Based on those statistics it is predicted that 1 of every 5 commercial drone shoots in 2020 would be for real estate purposes. [0]
- According to the University of Michigan, the number of housing units increased by 13.6% between 2000 and 2010 Since then, massive real estate investments have likely led to an even higher increase in the number of new housing units. [0]
- Itâs worth pointing out that the overall US population was estimated at 330,6 million, which roughly translates to about 2.3 people living in each housing unit on average. [0]
- In other words, this means that as much as 36% of all housing units are either left empty, are being rented, or are occupied by friends and relatives. [0]
- 12.9% 6.8% 12.6% 6.2% 14.7% Source National Association of Realtors. [0]
- In 2018, at least 44% of US based home buyers used the internet to look up potential properties. [0]
- Recent housing sales data shows that 64.2% of nonHispanic whites own a home in the US, followed by 56.9% of native Hawaiians and Asian Americans, 47.4% of Hispanics, and just 41.1% of African. [0]
- In 2017, the average sale price for US based homes was approximately $323,100, according to the US Census Bureau. [0]
- Therefore, Americans can, in fact, pay around $125,000 for a house; yet, at this price tag, you will most likely be located in a less ideal location and may even have to dish out several repairs. [0]
- More than 63% of realtors are women. [0]
- Real estate agent facts show that the majority (63%). [0]
- According to a National Association of Realtors study, it is found that 94% of realtors prefer communicating with their clients via emails and 90% prefer communicating via text messaging. [0]
- Most of these realtors are sales agents (68%). [0]
- As boundaries between the physical and digital world are blurred, expectations for instant, personalized customer service have skyrocketed â 59% of respondents in a recent survey said they have higher expectations for customer service than last year. [10]
- Although nearly 70% of property managers believe that a service oriented culture would have a positive impact on their business, only 38% of those surveyed are prepared to take steps to make it a reality. [10]
- This is a major problem, since 79% of renters who consult these sites say that negative reviews have stopped them from visiting a property during their apartment search. [10]
- For example, 84% of property managers believe they communicate effectively with their residents â something that only 38% of residents agree with. [10]
- Or that nearly 60% of consumers surveyed said theyâre willing to switch to a brand that offers a superior customer service experience. [10]
- Since more than 70% of consumers share good experiences when they have them, making the investment in a service oriented business model can generate more than just happy residents â it can spark great word of mouth as well. [10]
- Real estate generates16%of the national gross domestic product. [1]
- The industryâs average annual growth rate for the last 5 years has been 2.5%. [1]
- Since December 2003, the producer price index among real estate property managers nationwide has increased 20.0% for an annual growth rate of 1.143%. [1]
- Thatâs 59.95% of all working property managers. [1]
- The lowest paid 10% earn $31,330 per year while the highest paid earn $134,570 per year. [1]
- Industry experts expect a compound annual growth rate of 9.3%. [1]
- Since December 2003, the industryâs PPI has increased 33.3% for an annual growth rate of 1.903%. [1]
- Since December 1995, the PPI for residential property management services has risen 39.2% for an annual growth rate of 1.537%. [1]
- 81% of property managers have seen their revenues increase over in the past two years. [1]
- 5% of managers saw a decrease in revenue. [1]
- 88% of survey respondents expected their revenues to go up in the next two years. [1]
- Thatâs 31.2% of all residential rental units in. [1]
- 80% of property managers are involved in the coordination or performance of maintenance/repairs as well as rent and fee collections. [1]
- More than 70% of property managers perform property inspections, advertise vacancies, and facilitate leases. [1]
- 47.8% of property managers consider growth a top priority. [1]
- 45.1% express a desire to improve efficiency. [1]
- 31.0% of property managers cite profitability as a top concern. [1]
- Between 2009 and 2020, the national rental vacancy rate decreased by 85%. [1]
- The current nationwide rental vacancy rate is 6%. [1]
- If trends from the last decade continue, the vacancy rate should drop below 4 percent by 2025. [1]
- 42 percent of all U.S. renters live in single. [1]
- Between 20 and 43 percent of renters cannot afford to buy a home or unit where they live. [1]
- In one decade, the number of renters increased by 25%. [1]
- During that same period, the number of homeowners decreased by just over 1%. [1]
- Wisconsin has fewer property managers per capita than any other state, about 30% of the national average. [1]
- Puerto Rico has less than 5% the national per capita average. [1]
- This is 26.3% below the national average wage for property managers. [1]
- Property managers make 15.03% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $25,900. [1]
- The 10% highest paid earn $88,670. [1]
- This is 0.23% below the national average wage for property managers. [1]
- Property managers make 12.75% more than the average worker statewide. [1]
- This is 14.59% below the national average wage for property managers. [1]
- Property managers make 27.74% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $31,900. [1]
- The 10% highest paid earn $101,750. [1]
- This is 23,25% below the national average wage for property managers. [1]
- Property managers make 19.28% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $26,530. [1]
- The 10% highest paid earn $87,600. [1]
- This is 2.98% above the national average wage for property managers. [1]
- Property managers make 5.47% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $29,290. [1]
- This is 29.39% above the national average wage for property managers. [1]
- Property managers make 49.13% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $43,210. [1]
- The 10% highest paid earn $169,030. [1]
- This is 13.66% above the national average wage for property managers. [1]
- Property managers make 4.31% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $46,880. [1]
- The 10% highest paid earn $147,950. [1]
- This is 15.41% below the national average wage for property managers. [1]
- Property managers make 9.09% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $37,110. [1]
- The 10% highest paid earn $96,420. [1]
- This is 23.22% above the national average wage for property managers. [1]
- Property managers make 3.61% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $46,420. [1]
- The 10% highest paid earn $155,610. [1]
- This is 14.83% below the national average wage for property managers. [1]
- Property managers make 23.22% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $32,040. [1]
- The 10% highest paid earn $96,600. [1]
- This is 16.91% below the national average wage for property managers. [1]
- Property managers make 18.89% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $27,980. [1]
- The 10% highest paid earn $114,220. [1]
- This is 8.35% below the national average wage for property managers. [1]
- Property managers make 10.49% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $37,630. [1]
- The 10% highest paid earn $106,090. [1]
- This is 44.45% below the national average wage for property managers. [1]
- Property managers make 16.34% less than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $17,620. [1]
- The 10% highest paid earn $71,560. [1]
- This is 10.31% above the national average wage for property managers. [1]
- Property managers make 28.24% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $35,830. [1]
- The 10% highest paid earn $138,000. [1]
- This is 26.21% below the national average wage for property managers. [1]
- Property managers make 5.22% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $29,360. [1]
- The 10% highest paid earn $83,560. [1]
- This is 20.02% below the national average wage for property managers. [1]
- Property managers make 6.03% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $32,900. [1]
- The 10% highest paid earn $95,390. [1]
- This is 27.52% below the national average wage for property managers. [1]
- Property managers make 5.37% less than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $25,430. [1]
- The 10% highest paid earn $85,620. [1]
- This is 22.13% below the national average wage for property managers. [1]
- Property managers make 22.58% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $27,930. [1]
- The 10% highest paid earn $88,210. [1]
- This is 29.71% below the national average wage for property managers. [1]
- Property managers make 2.84% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $18,950. [1]
- The 10% highest paid earn $90,130. [1]
- This is 16.01% below the national average wage for property managers. [1]
- Property managers make 13.40% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $35,320. [1]
- The 10% highest paid earn $95,780. [1]
- This is 5.74% above the national average wage for property managers. [1]
- Property managers make 13.41% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $37,040. [1]
- The 10% highest paid earn $128,950. [1]
- This is 23.58% above the national average wage for property managers. [1]
- Property managers make 13.48% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $50,180. [1]
- The 10% highest paid earn $139,920. [1]
- This is 9.82% below the national average wage for property managers. [1]
- Property managers make 24.60% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $33,650. [1]
- The 10% highest paid earn $105,290. [1]
- This is 1.87% above the national average wage for property managers. [1]
- Property managers make 21.19% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $42,600. [1]
- The 10% highest paid earn $123,780. [1]
- This is 40.34% below the national average wage for property managers. [1]
- Property managers make 4.64% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $18,850. [1]
- The 10% highest paid earn $70,660. [1]
- This is 8.40% below the national average wage for property managers. [1]
- Property managers make 31.04% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $29,850. [1]
- The 10% highest paid earn $132,480. [1]
- This is 35.91% below the national average wage for property managers. [1]
- Property managers make 12.02% less than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $20,040. [1]
- The 10% highest paid earn $78,730. [1]
- This is 12.98% below the national average wage for property managers. [1]
- Property managers make 9.95% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $19,930. [1]
- The 10% highest paid earn $105,690. [1]
- This is 26.20% below the national average wage for property managers. [1]
- Property managers make 0.74% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $36,730. [1]
- The 10% highest paid earn $74,330. [1]
- This is 2.83% below the national average wage for property managers. [1]
- Property managers make 7.11% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $40,220. [1]
- The 10% highest paid earn $107,370. [1]
- This is 30.36% above the national average wage for property managers. [1]
- Property managers make 26.84% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $46,670. [1]
- The 10% highest paid earn $193,420. [1]
- This is 22.48% below the national average wage for property managers. [1]
- Property managers make 23.90% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $26,720. [1]
- The 10% highest paid earn $84,350. [1]
- This is 58.00% above the national average wage for property managers. [1]
- Property managers make 53.11% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $62,280. [1]
- The 10% highest paid earn $196,410. [1]
- This is 4.66% below the national average wage for property managers. [1]
- Property managers make 39.36% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $36,200. [1]
- The 10% highest paid earn $114,560. [1]
- This is 23.73% below the national average wage for property managers. [1]
- Property managers make 5.97% less than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $35,760. [1]
- The 10% highest paid earn $83,220. [1]
- This is 11.67% below the national average wage for property managers. [1]
- Property managers make 21.34% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $23,140. [1]
- The 10% highest paid earn $122,910. [1]
- This is 21.57% above the national average wage for property managers. [1]
- Property managers make 80.71% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $28,740. [1]
- The 10% highest paid earn $180,870. [1]
- This is 23.58% below the national average wage for property managers. [1]
- Property managers make 1.44% less than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $31,870. [1]
- The 10% highest paid earn $91,270. [1]
- This is 25.39% above the national average wage for property managers. [1]
- Property managers make 47.59% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $40,630. [1]
- The 10% highest paid earn $190,740. [1]
- This is 22.65% above the national average wage for property managers. [1]
- The 10% lowest paid property managers earn an average of $32,540. [1]
- The 10% highest paid earn $140,320. [1]
- This is 25.91% above the national average wage for property managers. [1]
- Property managers make 51.52% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $52,880. [1]
- The 10% highest paid earn $132,800. [1]
- This is 0.82% below the national average wage for property managers. [1]
- Property managers make 52.86% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $27,480. [1]
- The 10% highest paid earn $128,490. [1]
- This is 40.35% below the national average wage for property managers. [1]
- Property managers make 23.75% less than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $27,570. [1]
- The 10% highest paid earn $62,440. [1]
- This is 18.86% below the national average wage for property managers. [1]
- Property managers make 17.51% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $26.760. [1]
- The 10% highest paid earn $105,310. [1]
- This is 18.11% above the national average wage for property managers. [1]
- Property managers make 57.67% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $32,860. [1]
- The 10% highest paid earn $168,310. [1]
- This is 25.64% below the national average wage for property managers. [1]
- Property managers make 4.19% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $25,680. [1]
- The 10% highest paid earn $96,340. [1]
- This is 11.19% below the national average wage for property managers. [1]
- Property managers make 10.86% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $28,200. [1]
- The 10% highest paid earn $107,910. [1]
- This is 21.85% below the national average wage for property managers. [1]
- The 10% lowest paid property managers earn an average of $27,840. [1]
- The 10% highest paid earn $83,500. [1]
- This is 27.06% above the national average wage for property managers. [1]
- Property managers make 49.16% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $47,930. [1]
- The 10% highest paid earn $145,580. [1]
- This is 27.74% above the national average wage for property managers. [1]
- Property managers make 36.88% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $45,940. [1]
- The 10% highest paid earn $158,220. [1]
- This is 23.86% below the national average wage for property managers. [1]
- Property managers make 23.57% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $23,070. [1]
- The 10% highest paid earn $110,720. [1]
- This is 0.12% above the national average wage for property managers. [1]
- Property managers make 32.10% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $39,260. [1]
- The 10% highest paid earn $125,790. [1]
- This is 7.39% below the national average wage for property managers. [1]
- Property managers make 7.17% more than the average worker statewide. [1]
- The 10% lowest paid property managers earn an average of $24,850. [1]
- The 10% highest paid earn $129,360. [1]
- Among surveyed property managers, however, just 11.2% say technology is a top priority. [1]
- Home values in the United States have increased 50.7% since November 2016. [2]
- That number has fallen to 50%, with many Millennials choosing to invest in real estate instead. [2]
- Sales of vacation homes skyrocketed during the pandemic, with sales outpacing the growth of existing home sales by nearly 300%. [2]
- The average nightly rental rate in the US for short term rentals is $202.50 per night, with 60% of stays seven days or longer. [2]
- It is expected to have a compound annual growth rate of 3.4% over the next 5 years. [2]
- Individual real estate investors account for 72.5% of rental properties in the United States. [2]
- Construction of entry level homes below 1,400 square feet has consistently declined as a percentage of new construction since 1980. [2]
- By 2020, the percentage of smaller starter home construction dropped to about 7% of total construction. [2]
- Industry experts mostly agree that 30year interest rates on fixed rate mortgages could reach the high 3% to low 4% range by the end of this year. [2]
- For Sale by Owner properties accounted for 7% of home sales in 2020. [2]
- Rental costs increased in 65% of US counties in Q1 2020, with 7 California counties listed among the top 10 counties where it is cheaper to rent, according to the most recent rent vs buy data from Realtor.com. [2]
- The number of over 60 renters increased by 43% between 2007 and 2017 as retiring Baby Boomers chose to rent rather than buy when downsizing. [2]
- The fastest single family rent growth in the US occurred in three Sun Belt cities â Miami, Phoenix, and Las Vegas â where annual rents increased by 21.4%, 19.2%, and 15.4% respectively. [2]
- Florida witnessed the largest increases in single family rents during the pandemic, with rents in Sarasota, Port St. Lucie, and Daytona Beach soaring by more than 50% on average between March 2020 and October 2021. [2]
- More than 45% of renter households pay rent equal to 30% or more of their gross household income. [2]
- About onethird of the rental units in the US are single family homes, with the number of SFRs rising by 18% between 2008 and 2018. [2]
- Over 44 million housing units in the US are renteroccupied, with 41% of renters living in single. [2]
- In 2020, US property management accounted for about $88.4 billion in revenue in North America, an increase of nearly 8% over the past 12 months. [2]
- According to a study from Harvard University, spending on remodeling is expected to reach $400 billion by Q3 2024, with annual improvement and repair spending growing by 9% yearover. [2]
- According to HomeUnion, 9 must haves for a successful single family rental property are. [2]
- According to Dodge Data & Analytics, the value of multi family and commercial construction starts in the top 20 metro areas lost 23% in 2020. [3]
- According to theUS Census Bureau, renter occupied housing units made up 30.4% of the inventory in the fourth quarter of 2020. [3]
- The US Census Bureau reports that individual real estate investors own over 74% of rental properties. [3]
- Over 30% of millennials view a garage as unnecessary. [3]
- According to a survey by Venturebeat, 63% of individuals want smart home security and climate controls, while 58% would appreciate smart lighting options. [3]
- Research from the National Association of Realtors indicates that nearly 80% of buyers believe that neighborhood quality is more important than square footage. [3]
- According to popular site Zillow, home values across the US have increased 7.2% since 2018. [3]
- Zillow surveyed several economists and real estate experts across the US to find that around 14% expect a recession in 2021. [3]
- The LA Times reported in June of 1923 that the real estate development effort employed over 200 men with an estimated 300,000 cubic yards of dirt moved to make way for new homes in the Hollywood Hills. [3]
- According to a report from The Dallas Morning News, median home prices in November 2021 were 18% higher than one year ago. [4]
- Over the past 10 years the population of the City of Dallas grew by about 9%, according to the most recent census. [4]
- Suburbs around Dallas, including Collin and Denton counties, have seen their populations grow by more than 36% since 2010. [4]
- Dallas Fort Worth could see the biggest population surge in the country this decade, with the population projected to grow by nearly 18% by 2029. [4]
- , TX MSA is nearly $535 billion, according to the Federal Reserve Bank of St. Louis, and has grown by more than 57% over the last 10 years. [4]
- Employment growth in DallasFort Worth is 5.6% yearover year, according to the BLS, with the metro area home to nearly 3.9 million employees. [4]
- Median household incomes in Dallas grew by over 4% yearover year while median property values increased by more than 6% in the past 12 months. [4]
- Unemployment rate in Dallas is currently 3.9% with the manufacturing, trade and transportation, professional and business services, and leisure and hospitality sectors showing the fastest signs of new growth. [4]
- Nearly 87% of the residents of Dallas are high school graduates or higher, while over 36% hold a bachelorâs degree or an advanced degree. [4]
- According to the most recent report from the Texas Real Estate Research Center , singlefamily home prices increased by over 18% yearover year, while months inventory declined from a 1.3 to 1.0 months supply. [4]
- Home values in Dallas increased by 20.0% over the last year. [4]
- Over the last five years home values in Dallas increased by over 78%. [4]
- Median sales price of a single family home in Dallas is $360,000 according to the most recent report from the Texas Real Estate Research Center. [4]
- Singlefamily median sales prices in Dallas have increased by 18.1% yearover. [4]
- Active listings of singlefamily homes in Dallas have decreased by 26.06% yearover. [4]
- As the Dallas News recently reported, low mortgage rates and feverish demand from in state buyers and remote real estate investors are pushing home prices up by 50% in some of the most popular neighborhoods in Dallas. [4]
- Rents in Dallas have increased by 18% yearover. [4]
- Renter occupied households in Dallas account for 44% of the total occupied housing units in the metropolitan area. [4]
- 5year change in house prices 52.5% One year change in house prices 19.8% Monthly change in home prices 1.3%. [4]
- Cost of living in Dallas is about 50% less than urban coastal cities like San Francisco and New York, according to NerdWalletâs cost of living calculator. [4]
- In general, rents and mortgage repayments should not be more than 30% of the monthly income of the household in an area. [5]
- For example, properties sell 68% faster with the help of photos taken through drones. [5]
- More than 90% of all buyers today start their house hunt on internet before they contact a real estate agent. [5]
- 59% reported an increase in tenants with missed, late, or partial office, retail, or industrial rent payments, up 5% from Q3. [11]
- 63% reported an increase in missed/late/partial rental payments for multifamily residential space, up 10% from Q3. [11]
- 65% reported an increase in tenants who received rent concessions, unchanged from Q3. [11]
- 46% reported an increase in leasing transactions in suburban areas versus the central business district, up 3% from Q3. [11]
- 48% reported an increase in demand for flexible/co working office space from individuals such as gig workers, down 3% from Q3. [11]
- 39% reported an increase in demand for flexible/co working office space from enterprise clients and firms, down 4% from Q3. [11]
- 69% reported an increase in companies leasing or moving into offices with smaller square footage due to working from home, up 7% from Q3. [11]
- 63% reported an increase in short term office leases, up 4% from Q3. [11]
- 53% reported an increase in the repurposing of vacant malls, up 1% from Q3. [11]
- According to the “May 2021 RCA CPPI U.S.” summary report, U.S. commercial real estate prices rose at a 1.3% annual rate from April 2020 to 2021. [11]
- Driving that increase were apartments (up 7.6% year over year) and industrial properties (up 9.4%), the retail sector (up 1.3%), and office buildings (up 3%). [11]
- Overall, the dollar volume for commercial real estate in the U.S. was 18% lower year over year in the first quarter of 2021 compared to the third quarter of 2020, where the volume was 57% lower year over year than in 2019. [11]
- In addition, office sales were off 60%, while apartment transactions declined 51% compared to the same period as buyers and sellers chose to wait for a bit more clarity before transacting. [11]
- Meanwhile, thanks to widely available credit, only 1% of the overall commercial real estate dollar volume during the third quarter were sales of properties out of distressed situations. [11]
- However, there were two notable areas of distress retail (3% of deal volume) and hotels (9%). [11]
- That’s the sector’s second down year in a row and would put it 18.8% below its peak of $1.1 trillion in 2018. [11]
- The continuing uncertainty has contributed to vacancy rates forecasted to rise to 19.2% in 2021, which would exceed the previous 2010 high of 17.6%. [11]
- According to Moody’s Analytics, these vacancy rates will then hold steady in 2024, leading many to believe that the office sector will suffer more than any other in 2021. [11]
- Apartment rents have taken a positive turn following their 3% decline in 2020, with national average effective rents expected to rise by 2.1% in 2021 and a return to pre pandemic levels forecast by 2024. [11]
- Due to strong demand, the industrial sector has shown more than a glimmer of hope in recovery with an expected rent rise of 3% in 2021. [11]
- Retail rents are expected to fall another 6.8% in 2021 as brickandmortar retailers struggle with e. [11]
I know you want to use Real Estate Investment Management Software, thus we made this list of best Real Estate Investment Management Software. We also wrote about how to learn Real Estate Investment Management Software and how to install Real Estate Investment Management Software. Recently we wrote how to uninstall Real Estate Investment Management Software for newbie users. Donât forgot to check latest Real Estate Investment Management statistics of 2024.
Reference
- policyadvice – https://policyadvice.net/insurance/insights/real-estate-statistics/.
- ipropertymanagement – https://ipropertymanagement.com/research/property-management-industry-statistics.
- roofstock – https://learn.roofstock.com/blog/real-estate-facts.
- baymgmtgroup – https://www.baymgmtgroup.com/blog/2021-real-estate-facts-statistics/.
- roofstock – https://learn.roofstock.com/blog/dallas-real-estate-market.
- 386rent – https://www.386rent.com/blog/statistics-that-is-the-most-important-for-real-estate-investors.
- jll – https://www.us.jll.com/en/trends-and-insights/research/office-market-statistics-trends.
- nar – https://www.nar.realtor/research-and-statistics/quick-real-estate-statistics.
- nar – https://www.nar.realtor/research-and-statistics.
- ibisworld – https://www.ibisworld.com/united-states/market-research-reports/property-management-industry/.
- appfolio – https://www.appfolio.com/blog/customer-experience-gap/.
- fool – https://www.fool.com/research/commercial-real-estate-investing-statistics/.
How Useful is Real Estate Investment Management
One of the main advantages of real estate investment management is the expertise and industry knowledge that professionals in this field bring to the table. Managing real estate assets requires a deep understanding of local markets, trends, and regulations. Investment managers have their finger on the pulse of the real estate industry and can help property owners navigate complex market dynamics to make informed decisions that yield the best returns.
Moreover, real estate investment management provides property owners with a comprehensive approach to managing their assets. Investment managers not only oversee the day-to-day operations of properties but also develop long-term strategies to optimize their value. This can include identifying opportunities for property improvement, analyzing market trends, and developing customized plans to maximize returns based on the owner’s goals and objectives.
Another key benefit of real estate investment management is risk mitigation. Investing in real estate comes with inherent risks, such as market fluctuations, regulatory changes, and unforeseen expenses. By working with an experienced investment manager, property owners can leverage their expertise to assess and mitigate risks effectively. Investment managers can help property owners diversify their portfolios, identify investment opportunities with favorable risk-return profiles, and proactively manage potential risks to ensure a stable and profitable investment.
Additionally, real estate investment management can help property owners maximize their returns by leveraging economies of scale. Investment managers often have access to a network of industry professionals, contractors, and service providers that can help reduce operating costs, streamline processes, and increase the efficiency of property management operations. By working with investment managers, property owners can benefit from cost savings, enhanced operational efficiency, and improved profitability.
In conclusion, real estate investment management is a valuable tool for property owners looking to optimize the performance of their real estate assets. Investment managers bring expertise, industry knowledge, and a comprehensive approach to managing real estate investments, helping property owners make informed decisions, enhance their property values, mitigate risks, and maximize returns. By working with experienced investment managers, property owners can unlock the full potential of their real estate assets and achieve their financial goals.
In Conclusion
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