NEWS BRIEFS
NATIONAL UPDATES
TECH TOWNS TOP ‘BEST HOUSING MARKET’ LIST
ROBERT RAKOWSKI NEW VP OF MEDIA SALES FOR THINK REALTY/PREI
Denver, followed by Seattle and Dallas-Fort Worth, top the list of Top 10 housing markets for 2016, as predicted by Zillow. All are major tech towns— ideal for job growth. Other places that made the list are Utah markets Ogden and Salt Lake City, along with Omaha, Neb., and Boise, Idaho. “Trendy tech centers like San Francisco, Seattle and Denver hogged the spotlight in 2015. But this year, the markets that shine brightest will be those that manage to strike a good balance between strong income growth, low unemployment and solid home value appreciation,” Zillow Chief Economist Dr. Svenja Gudell said. To determine the Top 10, Zillow evaluated home value appreciation, unemployment rates and income growth. Those three variables then were scaled and combined to form a “hotness score.”
Robert Rakowski, longtime asso- ciate publisher of PERSONAL REAL ESTATE INVESTOR MAGAZINE , has joined AFFINITY REAL ESTATE MEDIA LLC and AFFINITY ENTERPRISE GROUP as Vice President of Media Sales. In his new role, Rakowski will oversee advertising sales for Think Realty Magazine (formerly titled Personal Real Estate Investor Magazine), among other responsibilities. “We are very happy that Bob has joined us,” said Matt Benson, Executive Vice President of Global Sales for AEG. “We are confident he will contribute significantly to the success of Think Realty Magazine and other future company initiatives.” Rakowski has deep relationships within the residential real es- tate investing space, extending even beyond his start with PREI in 2009. Prior to that, he owned a business working with land developers on zoning entitlements, which he began after a long career as a U S. Army Armor officer. “I really enjoy meeting people, bringing them aboard not only as clients but as partners, working with them to help them be success- ful,” Rakowski said. “I look forward to connecting themnot only to the magazine, but to all of the resources thatThink Realty offers.” A native of East Chicago, Rakowski earned his undergraduate degree from Purdue, and later a Master’s in Public Administration (focusing on urban planning) fromArizona State University. He can be contacted at RRakowski@affinitymediaservices. com or at 913-599-2020. SPENDING ONRENT SURGES FOR 2015 Americans spent nearly $20 billion more on rent in 2015 than in 2014 as people around the country set up 1.8 million new renter households and median monthly rents rose at a record pace, according to a recent Zillow rentals analysis. In all, Zillow said, renters spent $535 billion on rent in 2015 – nearly as much as the total budget of the Department of Defense ($575 billion). In 2014, they spent $516 billion. Renters of single-family homes and apartments spent about the same amount on rent in 2015, with apartment renters paying $239 billion and single-family-home renters paying $245 billion. Renters in the New York-Northern New Jersey metro area spent the most on rent in 2015—about $56 billion. Los An-
ZILLOW’S TOP 10 HOUSING MARKETS FOR 2016:
1 Denver, Colo. 2 Seattle, Wash. 3 Dallas-Fort Worth, Texas 4 Richmond, Va.
5 Boise, Idaho 6 Ogden, Utah 7 Salt Lake City, Utah 8 Omaha, Neb. 9 Sacramento, Calif. Portland, Ore.
SOURCE :: www.zillow.com/blog/hottest-markets-2016-190331/
geles-area renters spent nearly $35 billion, and San Francisco renters spent $17 billion. About two-thirds of the total rent paid in 2015 was spent in the 50 largest metros. Rental rates also continued their steady climb, growing 3.8 percent annually to a Zillow Rent Index of $1,382.
SOURCE :: www.zillow.com/research/2015-total-us-rent-paid-11528/
8 | think realty magazine | mar :: apr 2016
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