Rents Are Falling But Strong Economy Gives Optimism
Multifamily rents continued to fall in September, but “interest-rate cuts and robust GDP and job growth have given the multifamily market a shot in the arm,” writes Yardi Matrix in the September Multifamily Report.
Nevertheless,...
Evictions and How Hurricanes Affect Landlords and Tenants
Hurricane damage to rental units has an impact on both landlords and tenants, causing evictions when landlords need to repair damage and creating hardship for tenants unable to find a new rental property.
According to...
September Saw 0.5% Drop in National Median Rent
The national median rent dropped 0.5% in September, according to the October report from Apartment List. 80 of the nation’s 100 largest cities saw rents fall in September, in line with the broader national...
Oregon Rent Control Will Allow A 10% Rent Increase in 2025
The Oregon Department of Administrative Services (DAS) has published the annual maximum rent increase allowed by statute for calendar year 2025 and the Oregon rent control law maximum percentage is 10%, according to a...
Salt Lake City Rents Fell In August
The median rent in Salt Lake City fell by 0.4% over the course of August, and has now decreased by a total of 0.9% over the past 12 months, according to the September report...
Millennials Purchasing More Homes Than Other Groups
Millennials are the nation’s largest generation, and by sheer volume they are purchasing more homes than any other group, Apartment List research reports.
The Census Bureau even credits them with driving a recent upward trend in homeownership...
Multifamily Awaits September Fed Rate Cut
Multifamily is awaiting the news of the September rate cut with “hope that lower rates will break the logjam in the transactions market and spur refinancing activity,” Yardi Matrix says in the August report.
However,...
Consumer Bureau Targets Rental Debt Collection, Junk Fees
The Consumer Financial Protection Bureau (CFPB) has received more than 1,700 complaints about rental-debt collection, according to a new report, and has been taking action against debt collectors.
The report says that in the United...
Slight Decrease In Rents In August
National rents fell 0.1% in August signaling the end of the rental market’s typical busy season, according to the September report from Apartment List.
The median national rent is now $1,412. In August, 59 of...
New Freddie, Fannie Tenant Protections For Multifamily Properties
Freddie Mac and Fannie Mae have announced new tenant protections for residents in multifamily properties with mortgages backed by the two Government-Sponsored Enterprises (GSEs), according to a release from the Federal Housing Finance Agency...