Real estate developers are increasingly building low-amenity rental properties, which grew to 16.2% of the new construction category, up from a previous 12.2%, according to a recent analysis by CoStar. Affordability is driving this trend. In 2017, wages increasing by 2.7% while rents increased by almost 4%.
Posted by Jeff Mindham
Prior to becoming a full-time writer in 2015, I was the Senior President of National Marketing for Prudential Real Estate (63,000 agents & 700 franchisees), and the Chief Marketing Officer at several real estate tech startups. Those included ForSaleByOwner.com, the nation’s largest online FSBO, Foxtons and USRealty.com, among others. I began my career on Madison Ave. working at some of New York’s largest ad agencies.
I have a master’s degree from the University of San Francisco and a BA degree in Communications.
