Negative Rent Growth Year-Over-Year For First Time Since 2010
The pandemic is impacting rents now and negative rent growth year-over-year is showing up in statistics across the country for the first time since 2010, according to Yardi Matrix. National rents declined by $2 in...
Apartment Market Conditions Weaken Due to Continued COVID-19 Impact
Apartment market conditions weakened in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for July 2020, as the industry continues to deal with the ongoing COVID-19 pandemic, according to a release. The Market...
Unemployed Renters Stand to Lose Lifeline of Federal Unemployment Benefits
Unemployed renters stand to lose the weekly federal $600 payments which, along with eviction moratoriums, have been a lifeline for many renters out of work, a Zillow analysis shows. Expiration dates loom for both...
Apartment Search Data Not Showing Exit from Cities
Apartment search data and behavior show subtle regional shifts, but no overwhelming evidence of a large-scale urban exodus, according to behavior on the Apartment List marketplace, the company says. “While the coronavirus’s short-term impact on...
Rent Control Still Not the Solution to Housing Affordability
The pandemic is intensifying the housing affordability problems that have existed for decades, according to Growing Homes Together, a National Multifamily Housing Council (NMHC) resource center, however, they are firm in believing that rent...
Pandemic Will Lead To Companies, Millennials Moving To Suburbs, Research Says
Companies and millennials will be moving to suburbs as a result of the pandemic and the increasing trend of working from home and desire for shorter commuting times, according to new research and special...
Greater Seattle Area Mid-Year Residential Rental Housing Update
By Corey Brewer While the world has been all but flipped on its axis during the first half of 2020 in reaction to the COVID-19 pandemic, let’s take a look at what has been going...
25 Percent of Renters Say They Will Never Buy A Home
A significant share of current renters now say they will never be homeowners, according to a survey of 7,000 renters from RentCafe. Also, one in 10 renters were ready to buy a home this year,...
Rental Payments Slow Down in Early July, Fall to 77 Percent
The National Multifamily Housing Council’s most recent rent tracker shows a decline in rental payments in early July compared to previous months. The most recent July Rent Payment Tracker found 77.4 percent of apartment households...
Portland Rents Continue Decline During Pandemic
Rents in Portland continued to decline in June, dropping another 0.1 percent after a 0.3 percent drop in May, according to the latest report from Apartment List. Portland rents year-over-year have decreased by 0.4 percent...