7 Predictions For The 2024 Rental Market
Here are 7 predictions for where the rental market is headed in 2024 from the economists at Apartment List as the once red-hot rental market of previous years has now cooled.
Here is a key...
Where Was The Hottest Rental Market In 2023?
RentCafe took a look back at the hottest rental markets in 2023 and while the Midwest has been getting more competitive, there was a clear winner, according to a report.
Miami was the hottest rental...
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...