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IN THIS ISSUE

CAA News
  • Avoid the lines — pre-register for the TSEC!
  • Reserve your spot for CAA Golf Outing


  • Education In Focus
  • Certified Pool Operator certification program


  • Industry News
  • Survey finds shifting views on rental housing, homeownership
  • Bronzeville celebrates groundbreaking of new shops, apartments
  • Developer adds 61 apartments to growing roster of West Side plans
  • Looking to share your expertise?
  • Rentals: It's a landlords' and investors' market
  • Rent rises showing signs of cooling off
  • Roosevelt Square gets OK to construct 2 apartment buildings
  • Houston rising — why the next great American cities aren't what you think
  • Las Vegas 1 of best places to buy a home to rent out




  • 2013 Trade Show & Education Conference only 1 week away!
    CAA
    Thursday is the last day to pre-register for this dynamic show and education conference. All other registrations are welcome the day of the show. To register for our classes (six of which qualify for NAA designation Continuing Education Credits) or walk the show floor for free, click here to register online, or here for a faxable registration form. A full list of classes, descriptions and times is available here. Nonexhibiting vendor companies are not allowed. Click here for a comprehensive list of our exhibitors and their specials/giveaways.
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    CAA Golf Outing — May 17
    CAA
    Since it's a Friday event, this year's golf outing is filling up fast. Reserve your tee now right here. There are just a few sponsorships left. If you want to get in on this popular event, don't wait any longer! See what's left.
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    Certified Pool Operator certification program — 8 a.m. to 4:30 p.m. April 24-25
    CAA
    The Illinois Department of Public Health requires pools and spas to meet water quality and safety standards and enforces these through rigorous inspections. The last thing you want is to have your pool shut down during a prime summer event due to a failed inspection. Join us for our new, two-day CPO certification program and learn the information vital for safe swimming pool and spa operations.
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    Survey finds shifting views on rental housing, homeownership
    The Oregonian    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    Americans still reeling from the housing crash are increasingly willing to embrace rental housing as an alternative to homeownership, a housing attitudes survey backed by the John D. and Catherine T. MacArthur Foundation found. The survey found that 57 percent of those surveyed, including both renters and homeowners, say buying has become less appealing while 54 percent say renting has become more appealing. More
    Looking for similar articles? Search here, keyword RENTAL HOUSING.


    Bronzeville celebrates groundbreaking of new shops, apartments
    CBS
    VideoBriefGround was broken recently on a new commercial and residential development in Bronzeville, a project the likes of which haven't been seen in that neighborhood in 50 years. CBS 2's Roseanne Tellez reports new life will fill a vacant lot at the long-neglected southwest corner of 47th Street and Cottage Grove Avenue. Mayor Rahm Emanuel said the Bronzeville community "is just poised for economic growth and economic development in a great neighborhood."
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    Developer adds 61 apartments to growing roster of West Side plans
    Curbed Chicago
    For those counting, tally another 61 units for Michigan Avenue Real Estate's portfolio of West Loop apartment ventures. And hike the project count from three to five. That's right — this one developer, based in Northbrook and in cahoots with Bulls owner Jerry Reinsdorf, has closed on the purchase of five separate development sites within a roughly 10-square-block area. No projects have reached their groundbreaking, but if and when they do, expected units will total 220. In each instance, the buildings will top off at four stories.
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    Looking to share your expertise?
    MultiBriefs
    In an effort to enhance the overall content of CAA In Focus, we'd like to include peer-written articles in future editions. As a member of CAA, your knowledge of the industry lends itself to unprecedented expertise. And we're hoping you'll share this expertise with your peers through well-written commentary. Because of the digital format, there's no word or graphical limit, and our group of talented editors can help with final edits. If you're interested in participating, please contact Ronnie Richard to discuss logistics.
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    Rentals: It's a landlords' and investors' market
    Lehigh Valley Business
    The rental tide has turned in today's real estate rental market, according to area real estate professionals. In the Greater Lehigh Valley, today is a landlords' market with more renters bidding on fewer rental properties, according to Frank Renaldi Jr., a realtor with Century 21 Pinnacle, in Bethlehem, Penn. "Five years ago, it was a renters' market, but right now the tables are turned," Renaldi said of the ratio between those wanting to lease properties and the inventory available to them.
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    Rent rises showing signs of cooling off
    The Wall Street Journal
    Apartment rents continued to rise in the first quarter, but signs are mounting that landlords' leverage could be lessening as new supply floods the market and the single-family housing market heals. The nation's average monthly rent came in at $1,054, up 0.5 percent from the previous quarter and up 3.4 percent from the year-earlier period, marking the slowest growth rate since the end of 2011, according to a report by Reis Inc., a real-estate research firm.
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    TRENDING ARTICLES
    Missed last week's issue? See which articles your colleagues read most.

        Investors pile into housing, this time as landlords (The Wall Street Journal)
    Chicago no. 2 in super-fast home sales (Crain's Chicago Business)
    The US simply doesn't have enough available rental housing (The Atlantic Cities)
    Top rental broker and owner of Luxury Living Chicago Realty, Aaron Galvin, fields questions (Curbed Chicago)
    Real-estate market trends: Existing home sales, prices up (Millionaire Corner)

    Don't be left behind. Click here to see what else you missed.


    Roosevelt Square gets OK to construct 2 apartment buildings
    Gazette Chicago
    With Ald. Danny Solis and Jason Ervin saying they will endorse construction of two apartment buildings with a combined 120 units, Roosevelt Square construction is almost set to resume. The developer's Phase 2A, which contains the two mostly marketrate rental buildings as well as lowrise for-sale houses, depends on Chicago City Council approval of an extended tax increment financing district.
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    Houston rising — why the next great American cities aren't what you think
    The Daily Beast
    America's urban landscape is changing, but in ways not always predicted or much admired by our media, planners and pundits. The real trend setters of the future — judged by both population and job growth — are not in the oft-praised great "legacy" cities like New York, Chicago or San Francisco, but a crop of newer, more sprawling urban regions primarily located in the Sun Belt and, surprisingly, the resurgent Great Plains.
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    Las Vegas 1 of best places to buy a home to rent out
    VEGAS INC
    As if the investors swarming Las Vegas didn't know, the valley is one of the top places in the country to buy and then rent out a house, a new report says. Las Vegas is the fifth-best market for buying single-family rentals, according to a new report from RealtyTrac. The median sales price of a three-bedroom home in Las Vegas is $115,000, but the average monthly rent is $1,575. This produces a monthly cash flow — rental income minus the mortgage payment, property taxes, repairs and other costs — of $506.
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