Employer sanctions law and investor owned 'shadow market' stymies apartment industry

April 2008
Inside Tucson Business;4/14/2008, Vol. 17 Issue 45, Special section p7
The article highlights the contributing factors causing the increase in vacancy rates of apartments in Tucson, Arizona. Owners and investors who bought homes during the boost of housing market, found themselves unable to sell their properties or lease them at rates to cover the mortgage payments. The state's Employer Sanction Law caused many Hispanic families to flee Arizona to other states and countries. The slowdown in the homebuilding industry cost many construction workers their jobs.


Related Articles

  • THE BIG BOOM. Fernandez, Kim // Mortgage Banking;Jul2006, Vol. 66 Issue 10, p84 

    The article focuses on the status of the multifamily housing market in the U.S. After several years of low interest rates and mortgage companies willing to get creative to help homebuyers fulfill the American dream, the apartment and condominium industry is in a relative boom. If a new...

  • Capital puts the BOOM into buying. Norwood, Graham // EG: Estates Gazette;10/12/2013, Issue 1341, p11 

    The article reports on the resurgence of off-plan buying in the housing market in London and the South of England in 2013. Off-plan sales accounted for 60% of home purchases in London, according to commercial real estate services firm CBRE. Off-plan sales provide evidence of demand to banks and...

  • A city divided. Walkley, Pam // Bulletin with Newsweek;6/5/2007, Vol. 125 Issue 6572, p52 

    The article focuses on the booming real estate business in Melbourne, Victoria. Monique Wakelin, a director of Wakelin Property Advisory, says that there is an increasing divided market with prices in many inner-suburban and bayside areas rushing ahead while mortgage-belt suburbs struggle to...

  • Slowing construction, flat rental market expected. Smith, Jennette // Crain's Detroit Business;11/14/2005, Vol. 21 Issue 46, p25 

    The article reports that with the exception of large-scale contracts such as Detroit, Michigan Metropolitan Airport's north terminal, there are few new commercial real estate projects in the pipeline. Local business is expected to come from refinancing, and public and retail projects....

  • Retail construction starts take a hit in 2008. Kennedy, Kim // Display & Design Ideas;Apr2008, Vol. 20 Issue 4, p10 

    The article offers information regarding the retail construction and housing market of the U.S. It states that retail construction starts are expected to decline in 2008 because of the consistently lower levels of construction over 2007 and continued downturn in the housing market. It's stated...

  • CBRE: 'Healthy' industrial demand in 2014. Sorohan, Mike; Tucker, Michael // Mortgage Banking;Jan2014, Vol. 74 Issue 4, p20 

    The article reports on the announcement of commercial real estate services firm CBRE Group Inc. that the three-plus-year-old industrial real estate recovery will extend into 2014. According to the company's senior economist Jared Sullivan, the increase in the demand for warehouse and...

  • Apartment market tightens nationally.  // Mortgage Banking;Jul2006, Vol. 66 Issue 10, p113 

    The article reports on the status of the apartment market in the U.S. Apartment markets demonstrated further signs of tightening as the improvement in the supply-demand fundamentals continued during the first quarter of 2006. According to a survey, the steady rise in interest rates led to a...

  • Institutional-Grade Properties: Performance and Ownership. Benjamin, John D.; Chinloy, Peter; Hardin III, William G. // Journal of Real Estate Research;Jul-Sep2007, Vol. 29 Issue 3, p219 

    Quality commercial properties differ in operating performance not only on physical characteristics but in type of ownership, management, and control. For 1996-2001 data on Atlanta apartments, a primary market for multiple types of investors, there is varying operating performance by ownership....

  • Welcome to the Stress Test. Woodwell, Jamie // Mortgage Banking;Feb2009, Vol. 69 Issue 5, p50 

    The article discusses the stress experienced by commercial and multifamily real estate due to the economic downturn in the U.S. It is said that property performance with economic decline directly affecting asking rents, vacancies and concessions is a key point of stress confronting the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics