Monday, December 5, 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.

Multifamily Rent Gains In Many Metros Overshadow Seasonal Decline

Multifamily Rent Gains In Many Metros Overshadow Seasonal Decline

U.S. multifamily rent dropped by $1 to $1,420 in October 2018, the second straight month of decline, according to a survey of 127 markets by Yardi® Matrix Multifamily. The 3.3% year-over-year multifamily rent growth for the...
short-term multifamily rentals

New Short-Term Multifamily Rental Player In Portland, Seattle

A Portland based vacation rental management company has launched a new short-term multifamily rental site that claims it is “ready to become your most reliable tenant,” according to a release. Vacasa, the largest vacation rental...
Portland Apartment Technology Company Cozy Sells For $68 Million

Portland Apartment Technology Company Cozy Sells For $68 Million

CoStar Group has acquired Portland apartment technology company Cozy Services Ltd., and plans to integrate its Innovative renter screening and rent payments solutions into Apartments.com, according to a release. Cozy is considered an industry leader...
Amazon To Spark Apartment Boom With New Second Headquarters Locations

Amazon To Spark Apartment Boom With New Second Headquarters Locations

Amazon is expected to spark an apartment boom in the Long Island City and Crystal City areas of New York and Washington where the company has announced it will place its additional headquarters locations. So...
Rent Control Still Not the Solution to Housing Affordability

Rent Control Expansion Soundly Defeated By California Voters As Landlords Win

Rent control expansion in California was soundly defeated by voters who declined to repeal a 23-year-old law that limits cities’ ability to enact rent control, giving an election-day win for landlords. Voters declined to repeal...
Seattle Rents Decline Sharply Over The Past Month While Other Cities In Metro Rise

Seattle Rents Decline Sharply Over The Past Month While Other Cities In Metro Rise

Seattle rents have declined 0.7% over the past month, and have decreased moderately by 1.3% in comparison to the same time last year, according to the November report from ApartmentList.com. Currently, median rents in Seattle...
Portland Rents Continue Decline

Portland Rents Continue Decline But Rents Rising In Some Cities Across The Metro

Portland rents have declined 0.6% over the past month, and are down moderately by 1.1% in comparison to the same time last year, according to a new report. Currently, median rents in Portland stand at...
Apartment Residents Favor Living In A Green Apartment Community

Apartment Residents Favor Living In A Green Apartment Community

Apartments that pursue more environmental friendly practices will gain favor with a majority of apartment residents who believe global warming is a real danger and want to live in a green apartment community, according...
25-Story High-Rise Seattle Apartment Tower Opens

25-Story High-Rise Seattle Apartment Tower Opens

A Seattle apartment tower, South Lake Union's first high-rise, has completed construction and opened welcoming new residents, according to a release. Ascent South Lake Union by national multifamily developer Greystar, has 251 contemporary high-rise apartment homes inspired...
Portland regulators, through the city’s revenue department,t have reached a memorandum of understanding with Airbnb

Portland Mayor To Take On Short-Term Fake Rental Owners And Airbnb

Back in August Portland auditors found about 80 percent of short-term rentals operate illegally, and now the Portland Tribune in an excellent article has exposed a fictitious Airbnb host named Nadia who claimed to...