DIRS.INFO The most relevant business & tech news

☆ The 15 US cities where your money goes the furthest
▼ + stars: | 2024-03-05 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

This city is also where renters can see their money go the furthest among 189 places in a recent analysis from RentCafe. Meanwhile, Both wrote that "Boston had similar prices for basic necessities" as well as "a slightly higher monthly rent" than for Sunnyvale. AdvertisementManhattan had the largest monthly rent plus basic necessities value but ended up having one of the lower scores, at 14.73. Based on the scores calculated using income, rent, and expenses data, three of the top 15 cities where income can go far were in Texas, with scores near or over 60.0. "The coastal cities, the gateway cities have always been hubs for greater density," Ressler said.

Persons: —, Lockheed Martin, Doug Ressler, RentCafe, Alexandra Both, Ressler, there's, they've Organizations: Service, Google, Lockheed, Council for Community, Economic Research, Business, BI, Sunnyvale, Manhattan Locations: Sunnyvale , California, Athens, Georgia, New Orleans, Albany , New York, Gainesville , Florida, Auburn , Alabama, RentCafe, Silicon Valley, Boston, Sunnyvale, Texas, Virginia

☆ Gen Zers are 'increasingly drawn to simpler living.' Here's where they're moving.
▼ + stars: | 2023-10-23 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +2 min

Gen Z is looking beyond more crowded states for places where there's elbow room and affordability. Older generations aren't selling homes, making it hard for Gen Z to get into more popular markets. Emilia Mann, a senior analyst at StorageCafe, said that Gen Z doesn't have the same location preferences as older generations. "Gen Zers are increasingly drawn to simpler living in their housing choices," Mann told Insider via email. "We see the Gen Zers be more movement oriented, especially in long distances," Ressler said.

Persons: Z, —, Emilia Mann, Zers, Mann, Gen X, Doug Ressler, Gen Z, Ressler, StorageCafe, Gen Organizations: Service, Survey Locations: Midwest, DC, Washington, Illinois, Montana, Idaho, Kansas, Nebraska, what's, RentCafe

☆ The top 10 states people are flocking to
▼ + stars: | 2023-10-14 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +2 min

Midwestern and southern states with smaller populations are attracting more residents. Now, people are going even farther outside of the suburbs, particularly to rural states like Idaho and Montana , a new report says. All 10 states on the list have populations under 8 million, according to Census estimates for 2022. That is really driving a lot of what we see in a lot of these less dense areas around the states." AdvertisementAdvertisementHere are the 10 states that are leading the rankings in net migration, according to StorageCafe.

Persons: —, Doug Ressler, Ressler Organizations: Service Locations: Idaho, Montana, South, Midwest, Montana , Idaho, Vermont, Montana , Vermont

☆ The ultimate real-estate guide: Where homes are most affordable, prices have the most upside, taxes and closing costs are lowest, and rents are falling the fastest
▼ + stars: | 2023-08-30 | by ( Business Insider | ) www.businessinsider.com time to read: +4 min

Below, we've compiled stories with tips for prospective homeowners, investors, and renters. And for those opting to continue renting since this path is increasingly cheaper than taking on a new mortgage payment, one piece shows where rents are falling the fastest. Sean Pavone/ShutterstockThis list from Scholaroo shows where prospective homeowners can find the cheapest combo of prices and property taxes relative to local incomes. John M Lund Photography Inc/Getty ImagesThis piece on an analysis by CoreLogic shows where investors are betting on most right now. Earlier in August, Goldman Sachs said they expect home prices on a national basis to grow another 1.8% this year.

Persons: we've, Goldman Sachs, hasn't, Sean Pavone, El Paso , Texas Denis Tangney Jr, Alan Diaz, Doug Ressler, John M, David Greene Organizations: CoreLogic, Service, AP, Kansas, John M Lund Locations: Wall, Silicon, El Paso , Texas, Kansas City , Missouri, Scholaroo

☆ The top researcher at a real-estate intelligence firm shares 5 up-and-coming cities he thinks have the greatest home-price growth potential as new residents and jobs flood in — and the 2 riskiest mark
▼ + stars: | 2023-08-23 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

Doug Ressler says Columbus and Nashville are among those cities best-positioned for growth. The Yardi Matrix analyst says population growth and an influx of jobs there will boost home prices. Doug Ressler doesn't think there will be a significant drop in home prices in the near future as housing supply stays low. But Ressler, the director of business intelligence at Yardi Matrix, a real-estate intelligence firm, says some markets are more immune to home price declines than others. We've listed the cities below, starting with those best positioned for growth.

Persons: Doug Ressler, Doug Ressler doesn't Locations: Columbus, Nashville, Boise, Minneapolis

☆ One of New York's largest commercial landlords is spending $1.5 billion to convert office buildings into apartments as office vacancy rates remain elevated
▼ + stars: | 2022-12-10 | by ( Robert Davis | ) www.businessinsider.com time to read: +5 min

Prior to the pandemic, office buildings were the lifeblood of central business districts across the country. For example, data from commercial real estate giant CBRE shows that about 25% of all New York's offices remain available for lease while other markets, like San Francisco and Boston, face similarly high vacancy rates. Silverstein's move also comes at a time when commercial real estate property values are declining. According to a November study from RentCafe, developers created more than 28,000 apartments through conversion projects in 2021, an increase of 25% when compared to 2020. Sage acquired Econo Lodge and a Travel Lodge in Tacoma, Washington for $14.2 million and plans to convert both buildings into apartments.

☆ Apartment conversions jumped 25% over the past two years, meaning that swanky place you're renting likely used to be an office space, hotel room, or church.
▼ + stars: | 2022-11-08 | by ( Robert Davis | ) www.businessinsider.com time to read: +4 min

Developers converted more old buildings into rentals than ever before between 2020 and 2021. Developers are targeting a range of building types, from office buildings to churches. That represents a 25% increase over the more than 22,300 apartments developers converted between the years of 2018 and 2019, prior to the pandemic. "Larger office buildings in abandoned central business districts are better suited to conversion than the often-smaller office complexes distributed around the suburbs." Local governments have gotten behind the trend by creating incentives for conversion projects.

Search resuls for: "Doug Ressler"

7 mentions found