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
Thu
25
Jan
The Editors's picture

Renters Now A Majority In Almost 25 Percent Of Largest U.S. Cities

Renters Now A Majority In Almost 25 Percent Of Largest U.S. Cities

Renters are now a majority in almost a quarter of the 100 largest U.S. cities as they shifted from owner- to renter-majority between 2006 and 2016, according to a new report from RentCafe.

Renters took over in 22 cities including key markets like Chicago, San Diego, Detroit, Austin and  Sacramento, boosting the total number of renter-dominated cities to 42. 

“Furthermore, over the 10-year period we analyzed, rentership growth outpaced homeownership in 97 of the 100 most populous cities,” RentCafe writes in the report.

Tue
23
Jan
The Editors's picture

Strong Multifamily Market To Continue In 2018

multifamily market 2018

The multifamily market will see continued strength in 2018, largely mirroring last year's performance, according to new findings in the Freddie Mac Multifamily 2018 Mid-Year Outlook.

The outlook also shows Sacramento, Portland, Seattle, Tacoma and Colorado Springs among the top 10 metros for income growth in 2018.

In the outlook, Freddie Mac Multifamily Research and Modeling Vice President Steve Guggenmos and Manager Sara Hoffmann find:

Fri
19
Jan
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Yardi Matrix Report Forecasts A Solid Multifamily Housing Market

Yardi Matrix Report Forecasts A Solid Multifamily Housing Market

A new market outlook report compiled by Yardi® Matrix concludes that multifamily housing market growth will continue, albeit at a tepid pace, for the next 18 to 24 months, according to a release.

“On a big-picture basis, demand for multifamily shows no signs of slowing,” the U.S. Outlook for Winter 2018  report says, citing the growing 20-to-34-year-old renter cohort, downsizing retirees, a moderate economic growth forecast and anticipated delivery of 360,000 new units in 2018.

The report says that, “after several years of sizzling improvements in fundamentals, 2017 was a year of retrenchment in the multifamily market. Rent growth cooled amid robust development, and occupancy levels—although still solid—began to trend down in some metros.’

Tue
16
Jan
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Utah’s Real Property Management Company Named Top Brand

Utah’s Real Property Management Company Named Top Franchise

Two publications recently named Utah-based Real Property Management, a full-service property management company as a best brand in their industry, according to a release.

Entrepreneur Magazine's Franchise 500, known as the world's first, best and most comprehensive franchise ranking, recognized Real Property Management for the seventh consecutive year, acknowledging its exceptional performance in areas including financial strength and stability, growth rate and brand power.

Tue
16
Jan
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Investment Group Purchases 408-Unit Multifamily Property in Colorado

Investment Group Purchases 408-Unit Multifamily Property in Colorado

An investment group has purchased the Après Apartments, a 408-unit multifamily property located in Aurora, Colorado, an eastern suburb of Denver, according to a release.

Inland Real Estate Acquisitions, LLC bought the apartments located at 1503 South Galena Way, which consists of 17 three-story buildings with 196 one-bedroom and 212 two-bedroom units. Community amenities include a recently renovated clubhouse, fitness center, resident lounge, two swimming pools and a pet park. Units feature walk-in closets, a washer and dryer, fireplace and a private balcony or patio.

Fri
12
Jan
The Editors's picture

8 Ways The Rental Housing Market Changed In 2017

8 Ways The Rental Housing Market Changed In 2017

What were the 8 ways the rental housing market changed in 2017, and what can we learn heading into 2018?

The folks at RentCafe have put together a report that looks at the rental housing trends in 2017 and analyzed rents from the 250 largest cities

Tue
09
Jan
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Rents Unchanged In December But Still Up 2.5% Year-Over-Year

Rents Unchanged In December But Still Up 2.5% Year-Over-Year

The average multifamily rent in the U.S. stood at $1,359 in December, unchanged from November but a 2.5% year-over-year increase for rents, according to a survey of 121 markets by Yardi Matrix.

Strong demand, the economy’s solid footing and a robust job market offer encouraging signs that growth will continue in 2018.

Rents were down 0.3% in the fourth quarter, which is only the second negative quarter of growth nationally since the second quarter of 2010 (rents also fell 0.2% in the fourth quarter of 2016).

“Although the results are somewhat negative compared to recent history, what’s notable is how consistently strong the market has performed during the entire recovery,” Yardi Matrix writes in the report.

Tue
09
Jan
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Portland Tenants United Founder Resigns After “White Supremacy” Charge

Portland Tenants United Founder Resigns After “White Supremacy” Charge

Portland Tenants United founder Margot Black is resigning her leadership post with the organization after a black activist accused the group of "white supremacy," according to a report in Willamette Week.

 Portland Tenants United  has organized protests the last two years at the annual awards ceremony of a Portland property management association with pickets showing up at the event and carrying signs.

Tue
09
Jan
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Are Your Social Media Posts Compliant With Fair Housing Laws?

Are Your Social Media Posts Compliant With Fair Housing Laws?

The Grace Hill training tip of the week focuses on how Fair Housing Laws apply to social media posts and property management.

By Ellen Clark

 Social media is a great tool for marketing in the multifamily industry to help build strong connections and community with your customers, but did you know Fair Housing laws apply?

When you share information in print or in person you may be aware of the Fair Housing issues, but are you watching all of your social media posts as closely?

The same rules apply. You are responsible for complying with anti-discrimination and anti-harassment laws, no matter what form of communication you are using.

Wed
03
Jan
The Editors's picture

The 2018 Salt Lake Home Show Opens Friday, January 5

Aubrey and Bristol Marunde of HGTV’s Flip or Flop Vegas at Salt Lake Home Show this weekend

The Salt Lake Home Show opens Friday at the Mountain America Expo Center featuring Anthony Carrino and John Colaneri of HGTV’s Kitchen Cousins and Aubrey and Bristol Marunde of HGTV’s Flip or Flop Vegas. The will appear on the design stage at the Home Show this weekend, according to a release.

The show runs from Friday through Sunday, January 7 at the Mountain America Expo Center, formerly South Towne Expo Center.

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