Radix

Despite a strong headline number showing more than 200,000 new jobs added in June, the employment market may be showing signs of weakness. The unemployment rate rose for the third consecutive month. Some economists are now expecting the Fed to cut interest rates sooner than previously anticipated, potentially later this month at the Fed’s next meeting. The multifamily industry has flattened as is typical this time of year. West Coast markets including Seattle and Reno, continue their recent growth in key operating metrics including rent, occupancy and leasing. 🖥️ Blog post: https://lnkd.in/dXfVChAQ 🎙️ Listen on Spotify: https://lnkd.in/dTMhmiB5  🎧 Listen on Apple: https://lnkd.in/dZKy2JCH #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata

Chris and Jay are back to break down the first half of 2024 in multifamily. West coast markets have had a strong start to the year with metros including Reno, Riverside, San Diego, Portland and Seattle cracking the top 5 for many apartment metrics. Detroit and Minneapolis have also been doing well as the midwestern resurgence continues. Jay breaks down the recently released metropolitan level jobs report, with major Gateway markets adding the most jobs on an absolute basis, while smaller markets including Charleston and Boise lead the way from a percentage gain perspective. The guys wrap up this week's show sharing their plans for the fourth of July and looking back on fond memories of past Independence Days. 🇺🇸Happy Fourth of July to all our listeners!🇺🇸 Check out this week’s show and subscribe to get access to all future episodes when they drop!   🎙 Listen on Spotify: https://lnkd.in/dFVZUyG5 🎧 Listen on Apple: https://lnkd.in/dU-_tJ5U     #MultifamilyData #WebScrapedData #RadixSoftware #MultifamilyTrends #HousingMarket

The economy has been steady thus far in 2024, although persistent inflation leading to high interest rates have been the thorn in the side of many economists. Multifamily fundamentals had a decent leasing season, but the end of the supply wave has kept performance in check. Demand remains strong, and units are absorbing, but annual rent growth is negative, especially in sunbelt cities. As we move away from the prime leasing season, performance will likely soften, but for most markets, especially those on the coasts and in the Midwest, the softening will reflect typical seasonal patterns. 🖥️ Blog post: https://lnkd.in/dVCVj9zA 🎙️ Listen on Spotify: https://lnkd.in/diXfKaae 🎧 Listen on Apple: https://lnkd.in/dJe8gbFM #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata

Chris and Jay are back with this week's Radix Review: Multifamily Trends Explained. Jay Denton kicks things off recapping the NAA Apartmentalize conference last week. He shares his insights from several client meetings, the tradeshow floor and even a few cheesesteak adventures. Chris Nebenzahl breaks down the recent home sale and home price data from the National Association of Realtors. The guys talk about the nuances between the for sale and rental housing market and the need for more housing supply despite the generational new supply levels currently impacting multifamily. Jay Denton shares an update to Radix's product offering as the company will soon make their web scraped data available to clients. Finally Chris wraps up the episode introducing some questions and thoughts on the state of the power grids in the U.S. and how future housing growth will be shaped by infrastructure. Check out this week's show and subscribe to get access to all future episodes when they drop! 🎙 Listen on Spotify: https://lnkd.in/dPB5kCsA 🎧 Listen on Apple: https://lnkd.in/dMKsBjS8     #MultifamilyData #WebScrapedData #RadixSoftware #MultifamilyTrends #HousingMarket

🎉 Thank You for Connecting with Radix at #Apartmentalize2024! We had an amazing time reconnecting with familiar faces and meeting new folks at this year's event. Your partnership and collaboration mean the world to us. Here's a recap of our highlights: We had a fantastic time at our booth (#2857), sharing our innovative solutions, meeting new prospects, and giving away our golf-themed swag. Stay tuned for the raffle winner announcement! Chief Economist Jay Denton provided invaluable market insights in private meetings with clients and prospects, while Radix CEO Blerim Zeqiri's presentation on leveraging unique data to boost market knowledge and performance was well-received. Our intimate reception at Bank and Bourbon inside the Loews Hotel was a lovely evening, providing a quiet setting to connect with our valued clients and partners. Thank you for making this event unforgettable! #RadixSoftware #PropTech #RealEstateTech #MultifamilyHousing #NAA2024

The median home price reached an all time high of $419,300 last month according to the National Association of Realtors. Limited inventory has helped push prices higher. With mortgage rates stuck at 7%, purchasing a home has become unaffordable for many Americans. In the short term, this provides added demand for multifamily, but it also underscores the growing challenges around the nation’s housing shortage. Affordability and housing demand have become hot button issues for the upcoming election both at a local and federal level. As we have seen in multifamily recently, the law of supply and demand has the largest effect on pricing, and the key to solving America’s housing affordability issues will depend on how much new housing can be built in the coming years. 🖥️ Blog post: https://lnkd.in/dzmtNxzD 🎙️ Listen on Spotify: https://lnkd.in/dBPa_iEN 🎧 Listen on Apple: https://lnkd.in/djUVTThv #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata

Exciting news! Beginning July 1st, Radix will provide access to our web-scraped data to all active clients, free of charge! Radix has had web scraping capabilities within our platform, but offering this to our clients for free is part of a broader effort to democratize data consumption and empower you with the resources needed for informed decision-making. To learn more about this exciting new offer, click to read our latest press release! #multifamilydata #radixsoftware #proptech #webscrapingdata

📢 Final Day to Connect with Radix at #Apartmentalize2024!   Don't miss your last chance to visit us at Booth #2857. Discover how Radix can transform your multifamily operations with our cutting-edge solutions.   See you there!   National Apartment Association (Naahq) #RadixInnovates #RealEstateTech #MultifamilyHousing #Booth2857

Are you at #Apartmentalize2024 today? 👀 Stop by Booth #2857 to enter our raffle for a chance to win amazing prizes! Plus, grab some swag, including golf balls, tees, and shirts. Don’t miss out on this exciting opportunity. See you there!   #RadixSoftware #PropTech #MultifamilyData #DataDriven

Join Radix CEO & Co-Founder Blerim Zeqiri at #Apartmentalize2024! 📢 Don't miss Blerim's presentation on "Building Intelligence: Unique Data to Increase Your Team’s Market Acumen." Gain valuable insights on how to leverage data to boost your market knowledge and performance. 📅 Event Details: 🗓️ Date: June 21, 2024 ⏰ Time: 11:00AM - 11:50AM 📍 Location: Room 108AB, Apartmentalize 2024 Be sure to mark your calendars and join us for this insightful session! #RadixSoftware #PropTech #MultifamilyData #DataDriven