Supply Growth Pushes Multifamily Rents Down
U.S. multifamily rent growth has turned negative, as strong supply growth eroded rent gains in many fast-growing Sun Belt metros, Yardi Matrix reports.
However, the report says despite negative rent growth, demand for apartments remains...
High Costs Continue to Challenge Buyers and Renters
High mortgage interest rates, high home values, and high rents continued to fuel affordability challenges for buyers and renters, Zillow says in a new survey.
Low vacancy rates that limit mobility and also put pressure...
Apartment Development Pipeline to Slow Dramatically In 2024
Apartment developers expect new starts to slow significantly now in the post-pandemic era as high interest rates have sidelined investors, John Burns Real Estate Consulting says in a new survey.
The Burns Apartment Developer and...
Portland Rents Continue Downward Trend
The median rent in Portland fell by 0.9% over the course of October, and has now decreased by a total of 5.9% over the past 12 months, Apartment List says in the November report.
Citywide,...
Salt Lake City Rents Down 1.5% Month-Over-Month
The median rent in Salt Lake City fell by 1.5% over the course of October, and has now decreased by a total of 5.4% over the past 12 months, according to the Apartment List...
Do You Know The Changing Priorities Of Renters?
As a housing provider, do you really know the changing priorities of renters a new survey study asks.
The new report from the National Multifamily Housing Council (NMHC) and Grace Hill of more than 170,000...
Seasonal Slowdown In Rents Continues
The seasonal slowdown in rents continued in October as the nationwide median rent fell 0.7 percent to $1,354 marking the third consecutive month of negative rent growth and “declines are likely to persist in...
Jury Finds Conspiracy On Home Sales Commissions Awards $1.78 Billion
A federal jury in Kansas City has found that the National Association of Realtors and large residential brokerages conspired to keep commissions for home sales artificially high and set damages at $1.78 billion, according...
Rent Control Contributes To Affordable Housing Shortage
Rent control laws are contributing to a shortage of affordable housing, according to economists.
When rent caps are imposed, developers build fewer new rental units, the supply of available housing declines and housing costs increase....
Multifamily Rents Drop Amid Supply Surge
Multifamily rents turned negative in September, with the average U.S. rent declining $6 from August and $3 during the third quarter amid a supply surge, Yardi Matrix says in its September report.
“Still, the market...