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
Tue
12
Dec
The Editors's picture

7 Predictions For Housing And Property Management In 2018

predictions for housing and property management in 2018

Predictions for housing and property management are things a property manager or landlord rarely have the time to look at. So here is a quick guide from the folks at Buildium.com that looks at 7 predictions for 2018.

“We know that you don't have the time to find out what hundreds of experts have to say about the 2018 real estate market. That's why we did it for you—and we’ve boiled down our extensive research into 7 quick predictions to help you prepare for the challenges you can expect to face,” Buildium.com writes.

Tue
05
Dec
The Editors's picture

Tenants Rights Protestors Show Up At Seattle Landlord Conference

Tenants Rights Protestors Show Up At Seattle Landlord Conference

Tenants rights protesters showed up outside the Trends Rental Housing Management Conference and Tradeshow Show Tuesday in Seattle outside the Washington State Convention Center.

About 75 protestors from the Washington Community Action Network showed up to demand protection for renters, according to a media advisory the group put out.

Tenant rights, labor, and housing advocate groups planned a day of protests and education to “counterbalance the presence of landlords from around the state at an industry trade show at the convention center downtown Tuesday,” according to the Capitol Hill Seattle Blog.

Observers said the group was orderly and quiet, unlike some tenants’ rights groups in Portland which have protested landlord and property management events in Oregon.

Mon
04
Dec
The Editors's picture

Real Estate Investor Group Buys Arizona Apartments For $101 Million

Real estate investor group buys Arizona apartments for $101 million

A private San Diego-based real estate investor and operator, has announced the acquisition of Lakeview at Superstition Springs Apartments, a 676-unit apartment community on the east side of Mesa, Arizona, according to a release.

MG Properties Group announced the purchase of the apartment community built in two phases between 1995 and 1998 within the Superstition Springs Master plan.

The company plans to continue the interior upgrade program in progress and enhance common area amenities, according to the release.

Thu
30
Nov
The Editors's picture

Rents Stabilized In November While Mid-Sized Markets Grow

November rents report

Rents stabilized or cooled down in some of the nation’s hottest markets, including Portland, as rental seasonality put a damper on prices, according to RentCafe.

Meanwhile the long-term outlook for renting is still strong with 360,000 new units to come online in 2018.

"Housing demographics continue to favor renting with a continued robust delivery pipeline with 300,000 apartment units expected to come online for 2017 and 360,000 in 2018,” Doug Ressler, senior analyst at Yardi Matrix, said in a release.

Where will new apartments be in 2018?

“This amount of new supply exceeds previous national levels over the last twenty years,” he said. Where are the new apartments going to be?

Wed
29
Nov
The Editors's picture

Salt Lake City Tentatively Approves Mother-In-Law Apartments

After some controversy, the Salt Lake City Council has tentatively approved an ordinance to allow small apartments, called accessory dwelling units (ADUs) and also mother-in-law apartments, to share a lot with single-family homes, according to reports.

Council Chair Stan Penfold hopes the increase of available units will help relieve some of the housing crisis. Vacancy rates are historic lows, which has forced rents to record highs.

"Low vacancy rates drive all apartment rents up, and so hopefully this will spread out that pool a little bit," Penfold told good4utah.com.

Tue
21
Nov
The Editors's picture

Arizona Tenant Charged With Murder In Stabbing Of Landlord

Arizona Tenant Charged With Murder In Stabbing Of Landlord

An Arizona tenant has been charged with murder in the stabbing death of his landlord in a rent dispute three months ago, according to reports.

James Womble, 21, has been charged with one count of second-degree murder after stabbing Peter Gillespie, 63, in Flagstaff on July 25. He pleaded not guilty to the charge and is claiming self-defense, according to the Arizona Daily Sun.

The Coconino County Attorney’ Office which delayed charging Womble until it received all of the forensic evidence from the Department of Public Safety Crime Lab.

Mon
13
Nov
The Editors's picture

Rents Up An Average $30 From A Year Ago But Slowing

Rents in the latest yardi matrix monthly report

Seasonal factors and an extended deceleration in national rent levels combined to reduce U.S. rents by $4 in October, according to a survey of 121 markets by Yardi Matrix.

The drop to $1,358 reflects an expected slowdown in rent growth at the beginning of the last quarter and the multifamily sector’s ongoing deceleration from cycle highs in 2016.

“Overall, the drop on a national level is no surprise. It comes at the beginning of the fourth quarter, when rent growth tends to slow due to seasonal factors. Moreover, the multifamily segment is in the midst of an extended deceleration from the cycle highs of 2016. Nationally, rents are only $5 off their all-time peak set in August and are $30 above their level a year ago,” the Yardi Matrix report states.

Fri
10
Nov
The Editors's picture

High Credit Score Needed By Tenants In Class A Apartments

Higher credit score needed by tenants in class a apartment buildings

Landlords are demanding a higher credit score in many major cities for Class A apartment buildings, especially in the tight rental markets in Seattle and San Francisco, according to new research.

The research from RentCafe, a Yardi Matrix company, looked at the average credit score of rental applicants in the nation's most competitive markets.

While the metros have high credit score requirements, the average across the entire country is also up from a score of 638 in 2014 to 650 now in 2017 and getting more aggressive. . If you think these credit standards are a bit harsh, try to get into a high-end building. The average score of renters accepted in Class A buildings is 683.

Tue
07
Nov
The Editors's picture

Seattle Councilwoman Wants Landlords To Pay Tenant Relocation Costs

Seattle councilwoman wants landlords to pay to relocate tenants

Sound familiar Portland?

Seattle seems to be following Portland’s lead with the latest proposal from a city councilwoman to have landlords pay three months of tenant relocation costs, including rent in a new housing location, according to reports.

Seattle City Councilmember Kshama Sawant plans to introduce a bill requiring landlords to pay to relocate tenants who can no longer afford rent. The proposal would force landlords who raise rent by more than 10 percent in a year to pay a tenant's rent for three months if they have to move out.

Mon
06
Nov
The Editors's picture

Seattle’s Avenue5 Property Management Named One Of Fastest Growing Private Companies

Seattle property management firm named one of fastest growing

Seattle's Avenue5 Residential, a multifamily property management services firm, has been named as one of the 100 Fastest-Growing Private Companies of Washington for 2017 in the Puget Sound Business Journal's prestigious annual list, according to a release.

The company has ranked fourth place on the list, based on its revenue increase from 2014 through 2016.

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