Thursday, October 6, 2022

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.

Salt Lake City rents have increased 0.7 percent over the past month, and have increased sharply by 12.4 percent in comparison to the same time last year

Salt Lake City Rents Increase Sharply Over The Past Month

Salt Lake City rents have increased 0.7 percent over the past month, and have increased sharply by 12.4 percent in comparison to the same time last year, Apartment List says in their August report. Currently,...
Multifamily Rent Growth Hits A Wall In August

Multifamily Rent Growth Hits A Wall In August

After two years of rapid gains, U.S. multifamily rent growth hit a wall in August with national, asking rents dropping $1 during the month and year-over-year growth dropping to 10.7 percent, Yardi Matrix says...
On Sept. 1, 2022, the Utah Apartment Association became the Rental Housing Association of Utah (RHA), as part of a rebranding initiative to articulate more accurately who we serve.

Utah Apartment Association Officially Becomes Rental Housing Association of Utah

On Sept. 1, 2022, the Utah Apartment Association became the Rental Housing Association of Utah (RHA), as part of a rebranding initiative to articulate more accurately who we serve. “Apartment units are half of the...
August national rent growth was 0.5 percent, half the rate of growth compared to last month, according to the September report from Apartment List.

August National Rent Growth Half of July Total

August national rent growth was 0.5 percent, half the rate of growth compared to last month, according to the September report from Apartment List. The slowing of rents in August fits more of the traditional...
Seattle rents have increased 0.7 percent over the past month in August, and have increased significantly by 5.8 percent year-over-year

Seattle rents increase sharply over the past month

Seattle rents have increased 0.7 percent over the past month in August, and have increased significantly by 5.8 percent in comparison to the same time last year, according to the September report from Apartment...
Apartment Construction to Reach 50-Year High

Apartment Construction to Reach 50-Year High

An estimated 420,000 new apartment rental units are projected to be completed this year, pushing apartment construction to an historic 50-year peak, according to a report from RentCafé. This construction boom is driven by pent-up...
What Attracts Renters To Smaller Multifamily Properties?

What Attracts Renters To Smaller Multifamily Properties?

Renters living in smaller multifamily properties have lived in their units for one year longer than the average renter, and are slightly less likely to have plans to move out over the next year,...
Multifamily Rent Growth Slows But Still Strong

Multifamily Rent Growth Slows But Still Strong

U.S. multifamily rent growth remains strong despite a deceleration in rent growth performance as asking rents are up 12.6 percent year-over-year through July, as demand continues to exceed supply, Yardi Matrix says in the...
The recent increase in interest rates is forcing institutions and investors to reassess growth strategies in the single-family rental market

Rate Hikes Alter Single-Family Strategies For Investors

The recent increase in interest rates is forcing institutions and investors to reassess growth strategies in the single-family rental market, according to a report from Yardi Matrix. “With home sales cooling as rising mortgage rates...
National rents grew at 1.1 percent in July showing the continued slower rent growth that has been expected, Apartment List August report says

Portland, Seattle Rent Growth Up As Growth Cools In July Nationally

Portland and Seattle beat the national average as nationally rents grew at 1.1 percent in July showing the continued slower rent growth that has been expected, Apartment List says in their August report. “Over the...