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
21
May
The Editors's picture

Mural Of Geese Flying Over Portland At New Apartment Community

Mural Of Geese Flying Over Portland At New Apartment Community

A hand-painted, 60-foot tall mural of two geese flying over Portland in the courtyard is a highlight for people living at a new apartment community called North Hollow, according to a release.

"Being at one with nature is important here at North Hollow," Terry Roberts, property manager, said in the release.

 "Living here is within an easy walk to the natural wonders of Washington Park with its hiking trails, thousands of rose bushes and Japanese Gardens. Alternatively, residents can enjoy the tones and textures of our expansive community lounge with its courtyard featuring the fabulous mural or go up to our rooftop terrace to enjoy views of downtown

Pacific Northwest artist Olivia Knapp created the mural

and West Hills."

Tue
15
May
admin's picture

Share Of Millennials Living With Mom On The Rise

living with mom

More millennials ages 24- to 36-years-old live with their moms than at any time in the past decade, according to the latest Zillow analysis.

Nearly a quarter of U.S. millennials are living at home with their mom, which translates to about 12 million young adults nationwide.

Despite a strong economic recovery, the share of millennials living with their moms has been increasing since 2005, when just 13.5 percent lived with their moms.

 

Rapidly rising rents and living with mom

The combination of rapidly rising rents and slow income growth over the past half-decade drove many young adults to either move back in or never move out of their parents' home, but the trend has been persistent even as the U.S. labor market has improved.

Mon
14
May
The Editors's picture

More Renters Say Renting Is A Good Choice For Them Right Now

Renters say renting is a good choice for them

Renters are comfortable with continuing to rent with many believing renting will be more affordable or stay the same for them in the next 12 months, according to research from Freddie Mac.

The research says more renters say for right now, renting is a good choice for them.

Also, millennials are more likely to rent by choice, while Baby Boomers say they have no interest in owning, according to the research.

Freddie Mac commissioned the Harris Poll to survey more than 4,000 U.S. adults to get their perceptions about renting in the post financial crisis marketplace.

In large cities, urban renters are more likely to say renting is a good choice for them, but they admit they would like to own at some point.

Tue
08
May
The Editors's picture

Washington, Colorado Top States For Economic Growth

Washington, Colorado Top States For Economic Growth

Washington, Colorado, Arizona and Utah were among the top states for economic growth, showing top gross domestic product (GDP) growth rates between 2016 and 2017, according to a new report from Bureau of Economic Analysis of the U.S. Department of Commerce.

Real estate and rental and leasing, health care and social assistance and durable goods manufacturing were the leading contributors to national economic growth in 2017, according to the news release.

Mon
07
May
The Editors's picture

April Highest Rent Growth Month Since End Of 2016

April Highest Rent Growth Month Since End Of 2016

Increasing demand across the board has caused one, two, and three-bedroom apartment rent growth up by 3.3% in April 2018 compared to prices in April 2017, according to a new report from RentCafe.

With a 6% increase over the year, Las Vega rents rose the most among the largest U.S. cities, reaching $979/month in April, as the local housing market is rebounding.

Denver, Phoenix also lead rent growth

 Denver remains one of the hottest cities for renters in the U.S., with apartments renting for $1,559/month, 5.8% more expensive than they were one year prior. Rental housing in Detroit is making a comeback after years in the slump. Apartments in Detroit saw the third highest yearly increase in prices among big cities, 5.4%, reaching just $1,015/month, still well below the national average.

Tue
01
May
John Triplett's picture

Apartment Jobs In Maintenance Continue In High Demand

Apartment Jobs In Maintenance Continue In High Demand

Apartment jobs in maintenance continue to be in high demand as leasing and property management jobs have leveled off, according to quarterly jobs report from The National Apartment Association Education Institute.

By John Triplett

Rental Housing Journal

The new jobs report focuses on jobs that are being advertised in the apartment industry as being available, according to Paula Munger, Director, Industry Research and Analysis, for the National Apartment Association’s Education Institute.

While the total number of apartment jobs were down compared to first quarter last year, “I don't see it as an alarming sign that jobs are down. Even though we are comparing the same quarter of the year, I think there is still seasonality factors in here,” Munger said.

Sun
29
Apr
The Editors's picture

Tacoma Votes To Make Landlords Give 90-Day Notice Before Evictions

Tacoma City Council Votes To Look Into Tenants’ Rights Issues

The Tacoma City Council has adopted a temporary ordinance that requires property owners to give 90 days notice to tenants who are being evicted due to building demolition, renovation or change of use.

That ordinance will expire at the end of September, but the city council said it's working on something more permanent.

The new temporary ordinance came after councilmembers  voted to look into tenants’ rights issues and landlord-tenant laws after a hearing involving residents at the Tiki Apartments who had been facing evictions after a 20-day notice, according to reports.

The temporary ordinance is intended to provide interim enhanced protections as the city develops further recommendations to address housing and tenant protections for City Council consideration.

Tue
24
Apr
The Editors's picture

Real Estate Will Be Stronger In 2018 Than Originally Forecast

Real Estate Will Be Stronger In 2018 Than Originally Forecast

The U.S. real estate industry is, in general, expected to be stronger than previously anticipated through 2018, according to the latest economic forecast from the Urban Land Institute's (ULI) Center for Capital Markets and Real Estate.

The ULI Real Estate Economic Forecast, which includes predictions over three years, is based on a semi-annual survey of 48 of the nation's leading economists and industry analysts. Responses to the most recent survey, conducted in March 2018, suggest that the industry is receiving a boost from the enactment of the Tax Cuts and Jobs Act in December 2017.

Tue
24
Apr
The Editors's picture

Expanding Rent Control Across California Could Be Headed For A Vote

Expanding Rent Control Across California Could Be Headed For A Vote

Rent control advocates say they now have enough signatures to place on the November ballot an initiative that would allow cities across California to put in place rent control if they choose, according to a release.

“At a series of rallies held throughout California, a coalition of renters, small landlords, labor allies, faith-based organizations, and civil rights leaders came together to place the repeal of the Costa-Hawkins Rental Housing Act on the November 2018 ballot,” according to the release.

“Repealing the act could allow rent control to be extended locally throughout the state. The coalition announced that more than 588,542 signatures were collected to place the Affordable Housing Act on the statewide, November ballot.”

Mon
16
Apr
The Editors's picture

Multifamily Properties Biggest Volume Of Mortgage Bankers Originations In 2017

Multifamily Properties Biggest Volume Of Mortgage Bankers Originations In 2017

Multifamily properties led as commercial and multifamily mortgage bankers closed a record $530.1 billion of loans in 2017, according to the Mortgage Bankers Association's (MBA) 2017 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation, according to a release.

"2017 was a very strong year, driven by solid property fundamentals, rising property values, low interest rates, and a ready supply of mortgage capital all contributing to extraordinarily attractive finance markets," Jamie Woodwell, MBA's Vice President of Commercial Real Estate Research, said in the release.

 "We expect another robust year in 2018, even with the slight increase in interest rates, although perhaps not quite as robust as 2017."

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