Rising construction costs contribute to the continued erosion of affordability

The U.S. housing market benefited in 2019 from mortgage and unemployment rates that were each below 4%, the first time that happened in the post-World War II era. In 2020, we expect more of the same. Although economic growth will likely be slower than it was last year, it will be sufficient to continue the […]

International Investments: South Korea

It was a banner year for South Korean cross-border real estate investments in 2019, with the Asian nation exporting record amounts of capital and emerging as a new international power in the Far East. Just don’t look for most of that money in the U.S. During the first three quarters of last year, investors from […]

The self-storage real estate sector is overbuilt

In many U.S. metro areas, development of new self-storage facilities has gotten a bit out of control. The top 50 self-storage markets in the nation have seen supply growth of 15.5% over the past five years, well ahead of the 13.3% occupancy-growth figure during the same period. As a result, the U.S. market is oversaturated […]