Sluggish Demand And Increasing Supply Slowing Rent Growth
Rent prices nationally were up slightly in May at 0.5 percent but sluggish demand and increasing supply of new units is slowing rent growth, Apartment List says in the June report.
“This is the fourth...
Evicted Tenant Charged With Arson In Portland Apartment Fire
Police have charged an evicted tenant with felony arson, criminal mischief and misdemeanor reckless endangerment in a fire that destroyed a Portland apartment building, according to reports.
The 116-year-old apartment building was destroyed and residents...
Multifamily Fundamentals Strong But Mild Recession Predicted
Multifamily fundamentals have been holding up better than expected through the first quarter, but there is still a looming mild recession expected later this year, Yardi Matrix experts explained in a recent Multifamily National Outlook...
Remote Work Wipes Out Decade Of Super Commuters Growth
Super commuters have declined as the recent proliferation of remote and hybrid jobs has reversed this trend, Apartment List’s economist Chris Salviati writes.
Today there are 1.5 million fewer super commuters than in 2019, and...
National Multifamily Rents Up Slightly In April
Multifamily rents were up slightly in April “but less than previous years and in line with our forecast deceleration,” Yardi Matrix writes in the April report.
“Demand remains stable despite the slowing economy and tighter...
Single-Family Rentals, Build-to-Rent Communities and Detached Homes: What is the Difference?
The emerging single-family rentals (SFR) communities have rapidly grown in popularity, filling the void between traditional multifamily rentals and owning a home.
By Brian Rodriguez
Associate Managing Director of Multifamily Investments
A common misconception within the real...
Rents Increase In April But Rent Growth Is Slowing
Nationwide rents increased another 0.5 percent in April, but even as the busy season picks up, rent growth is coming in slower than in previous years, Apartment List says in their May report.
“When prices...
As Apartment Size Shrinks, Storage-Unit Demand Grows
As apartment size shrinks in newly built apartment communities, renters are seeing a higher demand now for storage-unit space, according to a survey by StorageCafe.
“As new apartment units are mostly built in large-scale communities, living...
More Than 50 Percent of Millennials Now Own Homes
Millennials have finally reached a significant milestone as more than 50 percent of millennials now own their homes, according to the latest data from the Census Bureau, Apartment List writes in the fourth installment...
Which Cities Are Most Popular with Renters?
Atlanta is the most sought-after city for renters, according to a new April renter-activity report from RentCafe.
The report says “renting is now the new buying,” due to high home prices. Also, the spring season...