Deaton Investment Real Estate & The Wake County Apartment Association

Friday, February 24, 2012

WCAA Next Meeting - Thursday, 3/1/12

The next meeting of the WCAA will be Thursday, March 1st. Coming to share with the group will be Gary Wires. Gary is the Sales Manager for Prestige Restoration which provides a complete line of fire, smoke and soot cleanup, water and mold remediation, cleaning and full restoration services. Through his 20+ years of experience Gary has become an expert on mold. He will be helping to educate (or re-educate) all of us on the various types, what to look for, how to avoid it and what to do if it shows up in one of your rental units.

I will also share an update on the latest PROP proposal and what is being done to try and slow down and/or stop the City of Raleigh from moving forward.

Make sure you are there so you don't miss all the information.

Time: Dinner and Networking 6:00 - 7:00 PM / Presentation 7:00 - 8:00 PM
Where: Golden Corral on Glenwood Avenue (next to Fat Daddy's)
Cost: Meetings are free but you MUST purchase dinner and eat if you attend

Friday, February 10, 2012

Apartment Demand Expected Higher In 2012: Marquette Economist | The Source For NAR Commercial Real Estate

Link to full article: Apartment Demand Expected Higher In 2012: Marquette Economist The Source For NAR Commercial Real Estate:


[Even though growth of households (household defined as that population unit required for rental occupation or home ownership) slowed in the 2000s, current research suggests a nationwide bump in households amounting near 350,000. Against a backdrop of a base 35 million apartments in the US, a pent-up demand for apartment housing is stemming from an oft-discussed trend: After completing school, college students are coming home and staying there – approximately 1.6 million young adults in this situation currently that would under different economic circumstances be in apartments. As jobs return – and the latest numbers show some recovery there – this demand will hit the apartment market. What will further stimulate demand, Eppli said, is the fact that the average age of marriage is on the rise in the US, which means that adults are staying in rental units longer than they have historically.]