Monday, July 4, 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.

Apartment Jobs Account For One Third Of All Real Estate Jobs

A new report from the National Apartment Association says apartment jobs across the country account for one-third of all the real estate jobs in the nation. In Portland it is even higher. Apartment jobs in Portland...

NAA Study: Barriers To Affordable Apartment Housing In Many Cities

Barriers to affordable apartment housing  mean developers cannot get new units off the ground in many cities according to a new National Apartment Association study. By John R. Triplett Rental Housing Journal The challenges developers face in...

Portland, Seattle Apartment Rents Lag As Other Metros Increase For Sixth Straight Month

The national apartment rents index is up 0.1 percent month-over-month in the peak of the rental season, marking the sixth straight month of increasing rents, except in Portland and Seattle where rents have declined...
Phoenix multifamily market blooming in the desert

Mortgage Group Provides Bridge Loan For Acquisition of Phoenix Multifamily Property

A leading mortgage group has provided an $11 million first mortgage bridge loan to finance the acquisition and renovation of a Phoenix multifamily property on North 12th street, according to a release. Regency Park Apartments is a...
Phoenix multifamily market blooming in the desert

Phoenix Multifamily Market Blooming In The Desert

The Phoenix multifamily market has turned into a blooming desert for investors and apartment owners as low business costs and great weather has turned into a magnet for companies relocating from nearby California, pushing healthy demographic...

Tempe Apartment Complex Sold For $60.5 Million

A 402-unit Tempe apartment complex has sold for $60.5 million, or $150,498 per unit, according to a release. Willow Creek, built in 1984, Willow Creek is about one mile from Loop 101/Apache Boulevard light rail...

Living In Cars Turning Into New Form Of Affordable Housing

Thousands of potential tenants are now living in cars instead of rental housing because rents have just become too expensive and there is no affordable housing for them in some metro locations. This lack of...

Company Rolls Out Smart Apartment Technology Package To 25,000 Units

Smart apartment home technology using thermostat and lighting control, digital home access and voice-enabled control is being rolled out nationwide to 25,000 luxury apartments, according to a release. Alliance Residential Company, Dwelo, Google and Nest...

Portland Plans Pilot Program To Expunge Criminal Records For Renters

Mayor Ted Wheeler is planning to have the City of Portland launch a pilot program designed to help potential renters expunge criminal records in an effort to give them access to better housing options,...

Multifamily Market Finishes First Half Of The Year With A Bang

The multifamily market had a healthy first half of the year, setting an all-time high, and easing fears that new apartments coming on line would slow growth, according to new report. Average rents rose $12...