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
26
Mar
The Editors's picture

Millennials Spend About 45 Percent Of Income On Rent Before Age 30

Millennials Spend About 45 Percent Of Income On Rent Before Age 30

A new study based on Census data shows that millennials spend about 45 percent of their income on rent before reaching the age of 30, according to Rent Café.

The cost of renting is a huge subject nowadays and a big expense as well, arguably the biggest it’s ever been. People in their 20s starting a life on their own have always faced a lot of challenges. Besides having a low income because of limited work experience, leaving home and paying rent make things even harder, according to Rent Café.

“Analyzing Census data going as far back as 1974, we discovered that rent burden followed an ascending trend over time, making millennials the hardest hit generation. But the future doesn't look too bright for Generation Z either,” the company said in a release.

Mon
26
Mar
admin's picture

Millennials Spend About 45 Percent Of Income On Rent Before Age 30

Millennials Spend About 45 Percent Of Income On Rent Before Age 30

A new study based on Census data shows that millennials spend about 45 percent of their income on rent before reaching the age of 30, according to Rent Café.

The cost of renting is a huge subject nowadays and a big expense as well, arguably the biggest it’s ever been. People in their 20s starting a life on their own have always faced a lot of challenges. Besides having a low income because of limited work experience, leaving home and paying rent make things even harder, according to Rent Café.

“Analyzing Census data going as far back as 1974, we discovered that rent burden followed an ascending trend over time, making millennials the hardest hit generation. But the future doesn't look too bright for Generation Z either,” the company said in a release.

Thu
15
Mar
The Editors's picture

Utah Company Acquires Two Apartment Communities

Utah Company Acquires Two Apartment Communities

Restore Utah has purchased two apartment communities totaling 76 units, Pine Valley and Pine Cove in Salt Lake County, according to a release.

"We are pleased with the acquisition of Pine Valley and Pine Cove and are optimistic regarding the Salt Lake market because of its expanding population, strong job growth and low unemployment. We now own over 450 multifamily units in and around Salt Lake County and have found great success investing in the Utah economy while delivering quality affordable housing," Jim Schulte, President at Restore Utah, said in the release.

Pine Valley is a 60-unit apartment community that was built in 1970 and offers two bedrooms units. 

Wed
14
Mar
The Editors's picture

Multifamily Rents Remain Steady In February

Multifamily Rents Remain Steady In February

The average multifamily rent in the U.S. rose $1 to $1,364 in February, a 2.7% year-over-year increase, according to the Yardi Matrix Multifamily monthly report for February and survey of 121 markets. 

“The deceleration was expected, coming after a long period of above-trend growth and just as deliveries were reaching a cycle peak,” the report says. “We forecast a slowdown, so growth of 2.7% is not surprising. Nor is it something to be disappointed with, since it is very close to the long-term average.”

Fri
09
Mar
admin's picture

Renters Can Cut Expenses And Save $650 A Month With Roommate

Renters Can Cut Expenses And Save $650 A Month With Roommate

Renters save $650 a month, more than $1,000 if they live in San Francisco or Los Angeles, if they move in with a roommate, according to a new survey.

Nationwide, a renter living alone in a one-bedroom apartment can expect to spend about $1,486 per month on rent. The median rent for a two-bedroom apartment is $1,650, which means two roommates splitting a two-bedroom apartment can each expect to spend $825 a month on rent, saving $661 a month, according to the analysis from HotPads®.

Wed
07
Mar
The Editors's picture

Sleepless In Seattle: 44% Of Professionals Lose Sleep Over Work Stress

Sleepless In Seattle: 44% Of Professionals Lose Sleep Over Work Stress

Sleepless nights caused by work anxiety are taking a heavy toll on employees, according to a release from a top global staffing firm.

Research shows more than four in 10 professionals, 44 percent, often lose sleep over work, according to a release from staffing firm Accountemps.

"Work stressors can often follow you home, but try to check them at the door," Michael Steinitz, executive director of Accountemps, said in the release. "If you have too much on your plate, schedule time with your manager to discuss possible solutions to alleviate the pressure, such as delegating work to others, adjusting deadlines or bringing in temporary help." 

Tue
27
Feb
John Triplett's picture

Almost 4,000 Jobs Available In The Rental Housing Industry

Almost 4,000 Jobs Available In The Rental Housing Industry

The rental housing industry had almost 4,000 jobs available across the county In January, according to a new apartment jobs report that will be coming out regularly from the National Apartment Association.

By John Triplett

Rental Housing Journal

Property management jobs in the rental housing industry are the most in demand right now, according to a new apartment jobs report from the National Apartment Association Education Institute.

The new report, which will be coming out monthly in the future, shows almost 4,000 apartment jobs were available in January. The report shows the need for all job types and skills in the high-demand rental housing industry. And, it shows job growth in the industry is going to be strong in the future.

Tue
27
Feb
The Editors's picture

Phoenix’s Strong Tailwind For Multifamily Growth

https://www.yardimatrix.com/

Multifamily growth is strong as Phoenix is reinventing itself as a tech hub driven by a diverse economy, welcoming young professionals and investors looking for higher yields in secondary markets, according to a new report from Yardi Matrix.

Phoenix rents rose 3.2 percent in 2017, outpacing the 2.5 percent national growth rate. The average rate across the metro reached $1,020, below the $1,359 national average.

These and other highlights are summarized in Yardi Matrix’s new report, “Phoenix’s Strong Tailwind,” a microeconomic analysis of the city’s multifamily market.

Tue
27
Feb
The Editors's picture

Texas Company Acquires Salt Lake City’s Real Property Management

Texas Company Acquires Salt Lake City’s Real Property Management

 A Waco, Texas based franchise of trade service brands, Dwyer Group, has completed the add-on acquisition of Salt Lake City’s Real Property Management, the largest property management franchise in North America, according to a release.

Real Property Management specializes in franchising a system to franchisees who manage single-family homes, townhomes, condos, multiplexes and small apartment buildings without onsite management. Its services include finding and screening tenants, completing the lease agreements, collecting rent, and arranging for any necessary repairs. Real Property Management offices also manage the legal compliance for local, state and federal real estate law.

Mon
26
Feb
The Editors's picture

Seattle No.1 Multifamily Market In 2018 Passing Los Angeles

Seattle No.1 Multifamily Market In 2018 Passing Los Angeles

Seattle has passed Los Angeles and ranks as the No. 1 multifamily market for 2018, according to Marcus & Millichap’s 2018 North America Multifamily Forecast.

Seattle’s ranking is driven by strong employment, especially the tech section, and rapidly rising home prices that push up rental demand in the Seattle-Tacoma area. Portland rose from No. 6 to No. 5 in the ranking.

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