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
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.

Mon
06
Nov
The Editors's picture

Airbnb, Pillow Partner To Make Home Sharing in Apartments Easier

Home sharing partnership between Pillow, Airbnb and Veritas

Airbnb and Pillow have announced a new home sharing partnership to launch in San Francisco that will support landlords and tenants who share their homes on Airbnb, according to a release.

Under the new partnership, Pillow Residential will become the preferred partner for landlords enrolled in Airbnb's Friendly Buildings Program.

Pillow Residential's tools for multi-family housing owners and operators include online dashboards that give landlords information about home sharing and services for hosts who want extra help sharing their space.

Mon
06
Nov
The Editors's picture

Provo Company Says “Tell Alexa”To Open Your Smart Blinds

Smart blinds can enhance your apartment or home

Home automation company MySmartBlinds, who released their smartphone-controlled, solar-powered window smart blinds in 2016, are headed for the cloud, according to a release.

The MySmartBlinds hub, which launched on Kickstarter on November 1, will give new and existing MySmartBlinds users access to their window coverings through their Amazon Echo. This means in addition to energy savings, sun-tracking, in-app scheduling, and solar charging, MySmartBlinds users will now be able to enjoy voice control and access their blinds when they are away from home. Pretty smart.

Mon
30
Oct
John Triplett's picture

70% Of Tenants Think Renting Is More Affordable Than Buying

http://www.freddiemac.com/multifamily/pdf/profile_of_renter.pdf

A large number of renters view renting as an option that fits their lifestyle, and a strategic choice at many life stages, according to new research.

By John Triplett

Rental Housing Journal

More renters say they are satisfied with their living situation and consider it the most affordable option for the foreseeable future despite their view that housing prices -- both to purchase and rent -- continue to rise and supply continues to tighten, according to the research from Freddie Mac and the Harris Poll.

Wed
25
Oct
The Editors's picture

Portland, Salt Lake City Rank No. 1 and No. 2 As Safest Places To Live

Portland, Salt Lake City rank No. 1 and No. 2 as safest places to live

Portland and Salt Lake City rank No. 1 and No. 2 as the safest places to live in the U.S. to avoid natural disasters, and Seattle comes in at No. 5, according to a new report.

The Top 10 Safest Places to avoid natural disasters were analyzed and used eight risk factors from the data to determine the list, according to Sperling's BestPlaces. They looked at the 50 largest metro areas for the report.

The risk factors were weighted by severity and frequency of the threat with the top threats at the top, such as tornados and hurricanes, then flooding and earthquakes, and drought, hail, wind and wildfires which were considered less impactful.

Wed
18
Oct
The Editors's picture

Utah Faith Leaders Urge Action On 3 Affordable Rental Housing Issues

Utah faith leaders urge action on affordable rental housing

Utah faith leaders delivered a letter urging the mayor and Salt Lake City Council to take action on the issue of affordable rental housing before a downtown homeless shelter closes in 2019, according to reports.

 "Market forces have driven rental prices beyond what many families in the rental market can afford," the letter states. "This leaves too many families on the edge of crisis."

About three dozen members of the Coalition of Religious Communities hand-delivered the letter to Mayor Jackie Biskupski, praising the mayor for her proposal to spend nearly $22 million next year on affordable housing projects in the city, according to the Deseret News.

Tue
17
Oct
The Editors's picture

Millennials And Gen Z Prefer To Communicate With Others Digitally Rather Than In Person

Research shows that millennials and Gen Z, the group following the millennials, would rather communicate with each other and companies and brands digitally rather than in person.

For these two generations, the smartphone has truly become an extension of their hands, according to a new survey.

With a constant digital connection at their fingertips, younger consumers expect a high threshold of digital convenience when seeking help from a company or a brand, the survey by LivePerson says.

When asked to rank how they typically try to get a question answered from a company or a brand, going to the app or website was the No. 1 choice, on average, across the globe.

Tue
10
Oct
The Editors's picture

Cities With Fastest Wage Growth In U.S.

Cities With Fastest Wage Growth In U.S.

The Provo-Orem, Utah area ranks number three among metro areas in the West and  Midwest that are experiencing the most rapid wage growth, while metro areas in the southern and eastern regions are growing more slowly or declining, a new study shows.

To determine where wages are rising and where they are falling, personal finance site GOBankingRates analyzed income changes year-to-year from 2010 through 2015 for America's 200 largest metro areas. Changes in income were calculated based on real income per capita in 2009 dollars.

The Bridgeport-Stamford-Norwalk, Conn. metro area experienced the largest decline of any metro area on the list, with a decrease in income of more than five percent between 2010 and 2015.

Mon
09
Oct
The Editors's picture

Top 10 Hottest Hipster Markets In America

Top 10 hottest hipster markets

The top 10 “hipster” markets that draw millennials, businesses and housing demand are led by Columbus, Ohio, Seattle and San Diego, according to a release.

Also making the top 10 list in the West are San Francisco, Colorado Springs and Long Beach, California, according to a new data collaboration from Realtor.com and Yelp.

The “Hottest Hipster Markets in America” list identifies the most in-demand housing markets in the U.S. with the highest concentrations of "hipster" businesses for home buyers looking to embrace indie culture.

Mon
09
Oct
The Editors's picture

Multifamily Housing Part Of Development Plan In Provo

Multifamily Housing Part of Freedom Plaza Development Plan In Provo

A development, including 170 units of multifamily housing, in Provo, Utah is planned for Freedom Plaza.

The development called Freedom Plaza, by PEG Development, will be located at 200 N. Freedom Blvd. in Provo and will contain not only office space and a hotel but also 170 units of multifamily housing, according to reports.

In addition to the multifamily housing, Freedom Plaza will include two six-story Class A office buildings each with about 125,350 square feet, and will be part of a 700,000-square-foot mixed-use development sitting on the 100 North and 200 North blocks.

The rest of the development will include the Hyatt Place hotel and a large 1,000 to 1,200 car parking structure.

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