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
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."

Fri
13
Apr
The Editors's picture

Top Apartment Owners Show Strong, Continued Growth

Top Apartment Owners Show Strong, Continued Growth

The apartment sector continued its strong economic run last year for apartment owners with more than two million units being owned by firms on the National Multifamily Housing Council’s (NMHC) top 50 owners list, representing about 10 percent of all apartments in the U.S., according to a release.

“Strong underlying demand and investment performance metrics continue to buoy the market,” Mark Obrinsky, NMHC’s Senior Vice President of Research and Chief Economist, said in the release.

Mon
09
Apr
The Editors's picture

Research Says More Tenants Are Renters For Financial Reasons

Research Says More Tenants Are Renters For Financial Reasons

New research shows that more tenants are renters for financial reasons and that a growing number are satisfied with the rental experience, according to Freddie Mac.

However, renters in the West say they are feeling impact of rent increases more than other areas.

Among millennials 71 percent say renting is a good choice for them.

The spring "Profile of Today's Renter" by Freddie Mac finds a total of 67 percent of renters view renting as more affordable than owning a home, including 73 percent of Baby Boomers (aged 53-71).

Similarly, 67 percent of renters who will continue renting say they will do so for financial reasons—up from 59 percent just two years ago.

Fri
06
Apr
The Editors's picture

Seattle Landlords Must Charge For Parking Separate From Rent

Seattle Landlords Must Charge For Parking Separate From Rent

The Seattle City Council has passed 7-1 an ordinance banning Seattle landlords and property managers from bundling the cost of parking with rental payments.

Landlords of buildings with more than 10 apartments will no longer be able to include the cost of parking in rent, and must bill tenants separately for parking. Tenants, especially those who do not own a car, will have the option then of not paying the landlord for parking if they choose.

“We know that an oversupply of cheap parking has a negative impact on Seattle – it increases driving and traffic congestion, increases our carbon footprint, and makes housing more expensive,” City Councilman Rob Johnson said in a statement.  

Thu
05
Apr
The Editors's picture

Salt Lake City Apartment Complex Wins Development of the Year

Salt Lake City Apartment Complex Wins Development of the Year

A Salt Lake City apartment complex has won the development of the year award from the Utah Apartment Association, according to a release.

Alta Gateway Station, a project of Wood Partners, a leader in real estate development and construction, won the award.

“I am ecstatic that our first project in Utah is being recognized for our thoughtful design and best-in-class service that Wood Partners is known for,” Director for Wood Partners Tim McEntee said in the release.

“I grew up in Utah and am a graduate of the University of Utah. I have pursued development opportunities in the Salt Lake City market for almost 25 years and seen the tremendous growth and change,” McEntee said.

Mon
02
Apr
The Editors's picture

Fast Rising Rents In Tacoma, Reno And Phoenix

Fast Rising Rents In Tacoma, Reno And Phoenix

Rising rents are showing up in the national average as rent hit $1,371 in March 2018, up 2.5% year-over-year, following a 14-month growth plateau, according to RentCafe.

No sign of spring yet in the apartment market, as the national average rent continues its sluggish under 3% growth year-over-year for the 14th month straight, according to the release.

 The national average rent increased by 2.5% in March compared to the same time last year, reaching $1,371/month. Month-over-month, national rents showed a more visible 0.3% increase, or $4, compared to the previous month.

Tue
27
Mar
The Editors's picture

Seattle City Council Halts Online Rent Bidding Apps

Seattle City Council Halts Online Rent Bidding Apps

The Seattle City Council in an 8-0 vote has put a moratorium on the use of rent bidding apps for rental housing in Seattle until the council can study the impact of the technology, according to a release.

Startups like Rentberry allow landlords to list rental units so that would-be tenants can offer higher or lower prices, based on what they would be willing to pay. The sites take a percentage of the difference. Operators of these rental auction sites claim supply and demand already affect rent prices and that their services just make the process more transparent, according to reports.

Tue
27
Mar
The Editors's picture

Renters Feelings About Buying Diminish As Rates Climb Amid Tight Inventory

Renters Feelings About Buying Diminish As Rates Climb Amid Tight Inventory

There should be a continued good pool of renters for landlords as new research shows many renters feel now is not a good time to buy a home, as interest rates climb and the tight supply of homes for sale continues.

Renters and rent payments are going to continue to grow as renters spent a record $485.6 billion in 2017, an increase of $4.9 billion from 2016, according to Zillow research.

New consumer findings from the National Association of Realtors (NAR) show that while a growing share of households feel more confident about the economy and their financial situation, those positive feelings are not translating to positive views that now is a good time to buy a home.

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