Friday, December 1, 2023

News And Trends

At News & Trends you will find trends in rents, real estate sales, apartment development, the economy at large and property management and investing industry matters.

TransUnion To Pay $15 Million Over Tenant Screening Inaccuracies

TransUnion To Pay $15 Million Over Tenant Screening Inaccuracies

TransUnion has agreed to pay $15 million in a settlement over tenant screening inaccuracies because “TransUnion and subsidiary violated the FCRA (Fair Credit Reporting Act) by failing to remove inaccurate or incomplete eviction records...
The U.S. saw a second consecutive month of negative rent growth in September, according to the October report from Apartment List.

Second Consecutive Month With Negative Rent Growth

The U.S. saw a second consecutive month of negative rent growth in September, according to the October report from Apartment List. The nationwide median rent fell 0.5 percent to $1,364 and “we are now squarely...
6 vital tools you need to fight fraud as the stories of fraud are becoming all too common and we need to stay vigilant.

6 Vital Tools You Need To Fight Fraud

6 vital tools you need to fight fraud as the stories of fraud are becoming all too common and we need to stay vigilant. By David Pickron I have a neighbor who over a year ago...
Oregon audit questions emergency rental assistance spending including the Oregon Housing and Family Services agency

Oregon Audit Questions Emergency Rental Assistance Spending

Oregon Secretary of State auditors unearthed millions of misappropriated dollars and a lack of oversight and accountability in four state agencies including emergency rental assistance spending at the Oregon Housing and Family Services, according...
Rental growth rates are returning to pre-pandemic levels in line with historic standards even though asking rents are increasing slowly

Rental Growth Rates Return To Pre-Pandemic Levels

Rental growth rates are returning to pre-pandemic levels in line with historic standards even though “asking rents are increasing at a slower rate than the last two years,” Yardi Matrix says in a special...
Now is the time to promote mental health in multifamily for owners and operators to understand the mental health challenges of their teams

Now Is The Time to Promote Mental Health In Multifamily

"Multifamily experienced an improvement in mental health last year, but the number of people who reported less stress in 2023 fell to nearly the same level that multifamily experienced during the pandemic, according to...
The FTC is making two background check report providers pay $5.8 million to settle charges they deceived consumers over criminal reports

2 Background Check Providers to Pay $5.8 Million Over Inaccurate Reports

The Federal Trade Commission (FTC) will require background check report providers TruthFinder and Instant Checkmate to pay $5.8 million to settle charges that they deceived consumers about whether consumers had criminal records, according to...
Expense growth clouds future multifamily performance as operators are now facing the rapidly growing expense side of the ledger

Expense Growth Clouds Future Multifamily Performance

While economic growth and a strong job market have helped multifamily asking rents grow nationally in August, operators are now facing the rapid expense growth on that side of the ledger, led by mushrooming...
The rental market continued slowing down in August as both monthly and annual rent growth turned negative, according to Apartment List.

Rental Market: August Rent Slows, Annual Fall Decline is Early

The rental market continued slowing down in August as both monthly and annual rent growth turned negative, according to the September report from Apartment List. Rent growth typically follows a seasonal pattern with rents up...
Operational efficiencies that can reduce costs are now the top challenge for rental property managers a new report from the NAA says

Operational Efficiencies Top Challenge For Property Managers

Inflation has spoken “loud and clear” says a new report and operational efficiencies that can reduce costs are now the top challenge for rental property owners and property managers. The National Apartment Association (NAA) along...