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
02
Jan
The Editors's picture

Oregon Tops List For Inbound Movers As They Flee Midwest, Northeast

Oregon Tops List For Inbound Movers As They Flee Midwest, Northeast

Movers are heading to the Mountain West and Pacific Northwest as those locations dominate where people are moving to, according to a new study.

Among the Mountain and Pacific Northwest, Oregon dominates all states. As a region, the Mountain West continues to increase in popularity with 54 percent of moves being inbound. The West is represented on the high-inbound list by Oregon (65 percent), Idaho (63 percent), Nevada (61 percent) Washington (59 percent), and Colorado (56 percent). 

Wed
27
Dec
The Editors's picture

Utah Population Growth Shifts To People Coming For Jobs

Utah Population Growth Shifts To People Coming For Jobs

Utah population growth is continuing and shows a shift in the sources of population growth which is putting a strain on the state's rental housing, according to a report from the Utah Population Committee at the Kem C. Gardner Policy Institute at the University of Utah.

Economic expansion is drawing migrants to Utah and continuing to put pressure on the housing market and rental markets in the state.

“Historically natural increase has been the mainstay of the state’s growth, a product of high birth rates and low death rates. Utah, along with the nation, has had gradual long term increases in median age and declines in fertility,” the report says.

Tue
26
Dec
The Editors's picture

7 Predictions For Housing And Property Management In 2018

predictions for housing and property management in 2018

Predictions for housing and property management are things a property manager or landlord rarely have the time to look at. So here is a quick guide from the folks at Buildium.com that looks at 7 predictions for 2018. The start of a new year is the perfect time to pause and reflect on the larger forces at work in the real estate and housing world  impacting your job.

“We know that you don't have the time to find out what hundreds of experts have to say about the 2018 real estate market. That's why we did it for you—and we’ve boiled down our extensive research into 7 quick predictions to help you prepare for the challenges you can expect to face,” Buildium.com writes.

Thu
21
Dec
The Editors's picture

Seattle Last Of The Boom Markets To See Rents Moderate

Seattle Last Of The Boom Markets To See Rents Moderate

Seattle is the last of the apartment boom markets to begin to see rents moderate, according to a release from Axiometrics.

Seattle was one of the top major metros for effective rent growth back at the peak of this apartment cycle back in 2014 and 2015. And rent trends in the Emerald City area have remained among the elite as the national market moderated in 2016, Dave Sorter reports for Axiometrics.

Mon
18
Dec
The Editors's picture

More Adults Living With Roommates Due To Rental Prices

More Adults Living With Roommates Due To Rental Prices

As rents across the country rise, the number of working adults living with roommates or parents in order to cut costs and share living expenses has grown rapidly, according to new research.

"As rents have outpaced incomes, living alone is no longer an option for many working-aged adults," Zillow senior economist Aaron Terrazas, said in the release.

 "By sharing a home with roommates -- or in some cases, with adult parents -- working adults are able to afford to live in more desirable neighborhoods without shouldering the full cost alone. But this phenomenon is not limited to expensive cities.

Wed
13
Dec
The Editors's picture

Salt Lake City, Phoenix Among Top Cities For Tech Hiring in 2018

Technology executives anticipate strong tech hiring activity in the first half of 2018, according to the latest Robert Half Technology IT Hiring Forecast and Local Trends Report.

 Twenty-one percent of CIOs surveyed say they plan to add full-time technology professionals to their teams in the first six months of the year, the same as the second half of 2017, and up 5 points from one year ago at this time, according to a release.

 In addition to hiring plans, the bi-annual report also highlights technology skills in demand and CIOs' top business priorities.

Tue
05
Dec
The Editors's picture

Tenants Rights Protestors Show Up At Seattle Landlord Conference

Tenants Rights Protestors Show Up At Seattle Landlord Conference

Tenants rights protesters showed up outside the Trends Rental Housing Management Conference and Tradeshow Show Tuesday in Seattle outside the Washington State Convention Center.

About 75 protestors from the Washington Community Action Network showed up to demand protection for renters, according to a media advisory the group put out.

Tenant rights, labor, and housing advocate groups planned a day of protests and education to “counterbalance the presence of landlords from around the state at an industry trade show at the convention center downtown Tuesday,” according to the Capitol Hill Seattle Blog.

Observers said the group was orderly and quiet, unlike some tenants’ rights groups in Portland which have protested landlord and property management events in Oregon.

Mon
04
Dec
The Editors's picture

Real Estate Investor Group Buys Arizona Apartments For $101 Million

Real estate investor group buys Arizona apartments for $101 million

A private San Diego-based real estate investor and operator, has announced the acquisition of Lakeview at Superstition Springs Apartments, a 676-unit apartment community on the east side of Mesa, Arizona, according to a release.

MG Properties Group announced the purchase of the apartment community built in two phases between 1995 and 1998 within the Superstition Springs Master plan.

The company plans to continue the interior upgrade program in progress and enhance common area amenities, according to the release.

Thu
30
Nov
The Editors's picture

Rents Stabilized In November While Mid-Sized Markets Grow

November rents report

Rents stabilized or cooled down in some of the nation’s hottest markets, including Portland, as rental seasonality put a damper on prices, according to RentCafe.

Meanwhile the long-term outlook for renting is still strong with 360,000 new units to come online in 2018.

"Housing demographics continue to favor renting with a continued robust delivery pipeline with 300,000 apartment units expected to come online for 2017 and 360,000 in 2018,” Doug Ressler, senior analyst at Yardi Matrix, said in a release.

Where will new apartments be in 2018?

“This amount of new supply exceeds previous national levels over the last twenty years,” he said. Where are the new apartments going to be?

Wed
29
Nov
The Editors's picture

Salt Lake City Tentatively Approves Mother-In-Law Apartments

After some controversy, the Salt Lake City Council has tentatively approved an ordinance to allow small apartments, called accessory dwelling units (ADUs) and also mother-in-law apartments, to share a lot with single-family homes, according to reports.

Council Chair Stan Penfold hopes the increase of available units will help relieve some of the housing crisis. Vacancy rates are historic lows, which has forced rents to record highs.

"Low vacancy rates drive all apartment rents up, and so hopefully this will spread out that pool a little bit," Penfold told good4utah.com.

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