Market Insights
By: Brad Dulas Despite a new construction pipeline indicating developers will deliver a wave of apartment properties to the region over the next several years, conditions in the Twin Cities apartment market remain tight, as healthy demand continues to support improving operating fundamentals. According to REIS, developers added 1,279 units to the local apartment inventory […]
Beyond the Headline: Housing Starts Data
In its latest release, the U.S. Census Bureau reported that total housing starts in December 2012 increased 36.9 percent over December 2011 to a seasonally adjusted annualized level of 954,000. This level is the highest reported since July 2008 and signals the housing market continues to improve. While this is a positive indicator for the […]
“Appraising Railroad Corridors: Misconceptions about Across-the-Fence Methodology”
Shenehon is pleased to announce that the International Right of Way Association (IRWA) published “Appraising Railroad Corridors: Misconceptions about Across-the-Fence Methodology” by John T. Schmick in its March/April issue. The IRWA Magazine is a national publication providing news and information for real estate professionals. In his article, John discusses how the across-the-fence (ATF) methodology has been […]
Construction Defects May Reduce Property Values in an Entire Neighborhood
By: Brad Dulas Over the last five years, Shenehon Company has had the opportunity to value several residential developments, including both single-family and multifamily residential dwellings, with significant construction defects. Construction defects to real property are often so complex that market participants rarely understand or fully appreciate the ramifications of such defects to the value […]
Minnesota Ranks High
By: John T. Schmick Minnesota ranked 7th in the nation for business according to CNBC’s recently -released “America’s Top States for Business 2011”. With low unemployment, a high quality of life, and an educated workforce, it is not surprising that Minnesota is one of the top ten states. 33 of the nation’s top 1,000 publicly-traded […]
The Run Up in the Dow: Is it Sustainable?
By: Joshua Johnson Even the most casual observer of the markets cannot help but notice that the Dow Jones Industrial Average (DIJA or the Dow), experienced an overall increase between 2011 and August 2012. Although a few setbacks occurred, particularly in summer 2011 amid talks of the European debt crisis, the Dow has generally trended […]