Wednesday, December 6, 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.

Rents are falling in most parts of the country but falling slower in many suburban communities than the rent drops seen in urban areas

Rents Are Falling But Falling Slower In The Suburbs

Rents are falling and down year-over-year in most parts of the country but many suburban communities, which experienced dramatic rent inflation in 2021 and 2022, are seeing slower rent drops than urban areas, according...
The U.S. Dept. of Energy announced states can apply for funding allocations through the Inflation Reduction Act Home Energy Rebate programs.

Accessing Utah’s Home Energy Rebate Programs

Ryan Kristoff The U.S. Dept. of Energy (DOE) recently announced that States can apply for their funding allocations through the Inflation Reduction Act (IRA)-created Home Energy Rebate programs. Utah’s Office of Energy Development (OED) will administer...
The new apartment construction building boom- the biggest since the 1970s – while slowing somewhat is expected to continue until 2025

New Apartment Construction To Remain High Until 2025

The new apartment construction building boom- the biggest since the 1970s – while slowing somewhat is expected to continue until 2025, according to a new report from Rent Café. “Our annual apartment construction report based...
Rent growth is being driven by new units, and those multifamily rents are tied to supply as demand slows, says Yardi Matrix in  July report.

As Demand Slows, Supply is Key to Multifamily Rent

Rent growth is being driven by new units, and those multifamily rents are tied to supply as demand slows, says Yardi Matrix in its  July report. Also, demand is being driven by a strong job...
Here are some ways to successfully and effectively overcome today's economic obstacles in the multifamily sector and navigate cycles

Overcoming Today’s Economic Obstacles in the Multifamily Sector

Here are some ways to successfully and effectively overcome today's economic obstacles in the multifamily sector. By John Carlson President of Mark-Taylor The state of the U.S. economy is experiencing notable changes, and the multifamily industry is...
The Seattle rent-control bill failed in committee by a vote of 3-2, but will now go to the full city council in August, according to reports

Seattle City Council Votes Down Rent Control

The Seattle City Council voted down a rent-control bill that would have allowed rent control in the city if the state lifted the ban on rent control, according to reports at King5.com. The council voted...

National Rent Growth Turned Negative Year-Over-Year

National rent growth turned negative for the first time since early in the pandemic, according to Apartment List’s August rent report. “This means that on average across the nation, apartments today are renting for less...
Rents are behaving as expected so far this year, Yardi Matrix says in a special Multifamily Rent Forecast Update, with some rent deceleration but mid-market is strong

2023 Rent Update: Midsize Markets Grow, Pandemic Boomtowns Struggle

Rents are behaving as expected so far this year, Yardi Matrix says in a special Multifamily Rent Forecast Update, with some rent deceleration happening in two geographic areas. Yardi Matrix says the decline in asking...
5 ways to maximize financial efficiency so property managers can do more with less and become good at resource management

How Property Managers Can Do More with Less

5 ways to maximize financial efficiency so property managers can do more with less and become good at resource management in the short and long term. By Allison DiSarro Enterprise Bank & Trust Many property management companies...
Apartment conversions seem to have stalled, as the office market is stuck between the expectation that workers will return and hybrid work

Apartment Conversions Stall, but Interest Remains High

Apartment conversions seem to have stalled, as the office market is stuck between the expectation that workers will return and the increasing popularity of hybrid work, according to a RentCafe report. Apartment conversions of office...