In Case You Missed It: Week Ending Dec. 9

How Millennials are changing multifamily; blockchain meets real estate; secondary markets drive apartment investment sales activity; and more in this week’s multifamily news roundup. 

How Millennials Are Changing Multifamily

Mortgage Bankers Association – Dec. 9, 2016
“Call it the law of large numbers, but if a large percentage of the largest generation in decades demands something specific in their housing, multifamily developers will find a way to give it to them.”

Blockchain Tracker: Getting Into The Real Estate Business

PYMNTS – Dec. 8, 2016
“Blockchain technology has made its name in the banking sector but has also found its way into the health care world, the music industry and even the U.S. presidential election. And now, it seems it’s building its case for an appearance and use in the real estate sector.”

Visualizing a Full Day on the New York City Subway

CityLab – December 8, 2016
“Will Geary, a Columbia University student, put the visualization together using station location data from the MTA and timetables for each subway line. The orderly nature of train movement masks the madness inside each station and subway car in a project like this.”

U.S. Multifamily Sales Maintain their Accelerated Pace, Driven by Secondary Markets like Phoenix

JLL – Dec. 6, 2016
“The national multifamily market maintains its momentum after another quarter of declining vacancy, steady absorption gains, and rising rents. All of these positive indicators continue to fuel investment activity as 2016 is on pace to exceed last year’s peak volume.”

Top Markets for Expected Deliveries in 2017

Multifamily Executive – Dec. 5, 2016
“The past year saw 337,000 units arrive to the market, on top of the 267,000 units delivered in 2015. For the coming year, things will temper (even if just a bit) with an expected 272,000 deliveries.”