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
18
Jun
John Triplett's picture

Property Managers Challenged By Tenants Thin, Limited Credit History

Property Managers Challenged By Tenants Thin, Limited Credit History

Property managers have a lot of balls in the air and many problems to deal with, but potential renters with thin, limited credit history is one of the bigger issues.

In a survey across all geographic areas of the country conducted by MMR Research Associates, Inc. earlier this year on behalf of Equifax, the company received feedback from nearly 200 nationally-based landlords and property managers of varying size apartments.

Respondents were asked about the pain points they experience in areas such as screening processes and online payments and how they rank them on level of importance.

Mon
18
Jun
admin's picture

Potential Renters Pass On Apartments Because Of No Time To See Them

Potential Renters Pass On Apartments Because Of No Time To See Them

Nearly 40 percent of potential renters passed on an apartment because they could not find time to see it, according to a survey by a company that does online tours.

While over 40 percent of U.S. adults have searched for an apartment in the last two years, four in 10 have passed on an apartment because they couldn’t find time to see it, according to a recent survey conducted by Zogby Analytics and commissioned by tour24

Another 27 percent prefer to take a self-guided tour with no leasing agent.

Leasing agents did not show up

The survey also shows:

Tue
12
Jun
John Triplett's picture

What Is The No. 1 Reason Renters Move?

Jobs are the No. 1 reason renters move

Jobs in locations with strong economies are the main reason renters move, according to a survey of more than 10,000 renters from across the country.

Sydney Bennett, Senior Research Associate at Apartment List, said in an interview the company decided to do the research because, “We're a rental platform. We're kind of helping people move all the time, and we got curious. We wanted to talk to our renters and better understand when they're making these moves.

“Moving to a new state, or even a new city across the state can be a big life change, and we wanted to know if they're moving because they had a job offer there that kind of retracted them away from their current city? Or, if it was because they're ready for a change, and they just kicked up and decided on a new city and started looking for jobs there,” Bennett said.

Mon
11
Jun
The Editors's picture

Millennial Loans To Buy New Homes Increase Steadily

Millennial Loans To Buy New Homes Increase Steadily

Millennial homebuyers across the country continued to pursue the limited housing inventory available despite rising interest rates in April, as millennial loans rose to highest level since May 2017, according to a release from Ellie Mae.

Eighty-nine percent (89 percent) of mortgage loans made to Millennial borrowers during the month were for new home purchases, up one percentage point from the month prior, and the highest percentage since May 2017.

Mon
11
Jun
The Editors's picture

Company Breaks Ground On New Affordable Apartments In Salt Lake City

Company Breaks Ground On New Affordable Apartments In Salt Lake City

A Utah company has broken ground on a new mixed-use, affordable apartments in Salt Lake City, according to a release.

J. Fisher Companies, a Utah-based fully integrated real estate firm, gathered with Millcreek city officials and community partners to celebrate the groundbreaking of Moda Meadowbrook in Millcreek, Utah.

"The Moda Meadowbrook groundbreaking was an exciting event for our companies,”   Owen Fisher, CEO, J.Fisher Companies, said in the release.

“We have spent a lot of time working with local city officials and national partners and consultants putting this project together.  It has been a huge success so far and having representatives from all of these organizations attend the event was a tribute to what is to come," he said.

Mon
04
Jun
The Editors's picture

Apartment Job Openings Continue At High Levels

Apartment Job Openings Continue At High Levels

Apartment job openings continued at high levels as openings for leasing consultant positions topped the 1,000 mark In the April edition of the  National Apartment Association Education Institute (NAAEI) Apartment Jobs Snapshot.

This comes right before the most recent numbers of employment increasing by 223,000 jobs in May, well above the estimate of economists,  and a drop in the unemployment rate to 3.8 percent, according to the U.S. Bureau of Labor Statistics.

The number of openings in the apartment industry was in line with a recent release from the Bureau of Labor Statistics, which reported that job openings across the country were at their highest levels ever recorded.

Top openings in leasing consultant positions were driven by openings in Dallas, DC, LA, Houston and Atlanta, according to the report.

Mon
04
Jun
The Editors's picture

Small Cities Lead The Way In Rent Growth In May

Small Cities Lead The Way In Rent Growth In May

The top 25 fastest rent growth places in the country can be found in small cities, driven in part by economic growth and population migration, according to new research from Rent Café.

The small cities and towns across the country are growing in population, jobs, and housing prices, with the top 25 largest increases in rents happening in small markets.

For example, Odessa and Midland, Texas are flourishing oil-industry centers, with rent prices skyrocketing by over 35% compared to 2017.

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.

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