News & Trends

This department of Rental Housing Journal is dedicating to keeping apartment owners, multifamily executives, real estate investors, landlords and other real estate professionals up to date with the latest trends in real estate, property management and more. Here you will find trends in rents, real estate sales, apartment development, the economy at large and property management and investing industry matters.

real estate market trends
Mon
22
May
The Editors's picture

Zillow Launches Instant Offer Program In Two Test Markets

Zillow launches instant offer test program

Zillow has launched a new program called instant offer that allows homeowners to get offers from real estate investors as well as local Zillow premier agents, according to a release.

Zillow says the program, which is being tested in Las Vegas and Orlando, as way for homeowners to sell their homes quickly by providing them with offers from investors and a comparative market analysis (CMA) from a local real estate agent, as an estimate for what the home might fetch on the open market. In addition to investors being required to use an agent, should a homeowner select an investor’s offer, Zillow will also offer to connect them with a local agent to represent them throughout the transaction.

Fri
19
May
The Editors's picture

Why Rents Are Rising Faster In The Suburbs

Rents rising in the suburbs Zillow study says

Rents are rising in the suburbs as many renters are looking outside of city centers for more affordable housing, causing rent payments to grow faster in the suburbs than urban areas

As rents become more expensive, renters are starting to look for cheaper housing options outside downtown cores, according to a release from Zillow.

Tue
16
May
The Editors's picture

Why Millennial Renters Are Living At Home And Where

A new study has measured the obstacles millennial renters who are currently living at home would face if they chose to move out and rent, according to apartment search company Abodo.com.

“It's our job to help people of all ages find apartments, and we know that a lot of renters are younger
 adults specifically millennials,” Sam Radbil, senior communications manager for Adobo.com said. “And with recent research showing that millennials are living at home more than ever before, we set out to uncover why this is happening, and also where this is happening most."

Thu
11
May
The Editors's picture

Technology Disruptors Speed Up Home Selling Time

Technology advances have changed the time it takes to sell a home and sales can now be done much more quickly than in past years, according to new research from John Burns Real Estate Consulting.

Technology has permanently taken two months off the time required to sell a home,” Rick Palacios Jr, Director of Research for the consulting firm writes.

New real estate technology empowers:

  • A new group of highly informed, quick-close, all-cash buyers
  • Very informed homeowners who are increasingly choosing to rent the house rather than sell it, or to sell the home themselves to an all-cash buyer

Traditional first-time and move-up home buyers have a competitive disadvantage in this new market, Palacios says.

Mon
08
May
The Editors's picture

Clayton Introduces Tiny Homes At Berkshire Hathaway Meeting

Tiny homes introduced by Clayton Homes at Warren Buffett's Berkshire Hathaway shareholders meeting

The growing trend of tiny homes with luxury amenities was featured by Clayton Homes new Designer Series Tiny Homes and shown during Warren Buffett’s annual Berkshire Hathaway shareholders meeting this past weekend.

“The tiny home movement is driven by people who want to downsize their living space with an efficient, stylish home design,” Jim Greer said a release. “By listening to our customers, we started to see a growing demand for minimalism, high-quality materials and increased functionality.”

Thu
04
May
The Editors's picture

Home Prices Up 7.1% In March And Strongest In The West

Home prices increased the most in the West in March 2017

Home prices jumped after strong job gains, household formation, population growth and still-attractive mortgage rates in the face of tight inventories drove the increase across the U.S. and especially in the West, according to a release from Corelogic.

Wed
03
May
The Editors's picture

Group Acquires 64-Unit Infill Apartment Complex In California

Apartment complex acquired by Bascom Group

An investment group has acquired a 64-unit infill apartment complex for $14 million in the south bay area of Torrance, California, according to a release.

The Bascom Group, LLC acquired Harvard Villa Apartments in the desirable South Bay Los Angeles city of Torrance, California at $218,750 per unit. It closed on April 27, 2017.

Tue
02
May
The Editors's picture

Student Debt's Drag On Homeownership Means More Renters

Declining homeownership means more renters

While student debt is a drag on homeownership, that may be good news for owners, landlords and property managers as more people will continue to rent.

John Burns writes in his latest email that for eight years in a row now, homeownership has fallen in the first quarter.

The Census Bureau reported last week the rate stayed statistically the same at 63.6%.  

Mon
01
May
The Editors's picture

Multifamily Fund Acquires 1,094 Apartments In The West

SARES•REGIS Multifamily Fund acquired more than 1,000 apartments in the West in the fourth quarter of 2016

A multifamily value-add fund acquired four rental communities totaling 1,094 apartments in Washington, Colorado and Arizona in the fourth quarter of 2016, according to a release.

The fund, which has $304.2 million in equity commitments, has acquired a total of nine communities since 2015.

"With 2,351 apartments under management in Fund II and approximately two thirds of the fund's equity invested, we're in a great position to selectively fill out the balance of the portfolio in 2017,"  Bill Montgomery, chief investment officer of the SARES•REGIS Multifamily Fund, said in the release.

 "The fund's equity commitments can be leveraged to acquire approximately $850 million in assets," he said.

Mon
01
May
The Editors's picture

Renters Can Buy Without Increasing Their Monthly Housing Costs

How much house renters can afford

Median rent is more expensive than the mortgage payment on a median valued home in the U.S., but many renters are struggling to come up with a down payment, according to a release.

Rent is so high that a typical renter in the U.S. can purchase a home nearly 50 percent more expensive than the median valued home and keep the same monthly housing budget, according to a new Zillow® analysis.

The median rent in the U.S. is $1,416 per month, which is enough to cover the monthly expenses associated with owning a $289,505 home. The median U.S. home value is $196,500.

Pages

Subscribe to RSS - News & Trends