Average National Monthly Rent Tops $1,500 For 1st Time
The average monthly national rent hit $1,513, topping the $1,500 mark for the first time in 150 metros that were reviewed, according to the National Apartment Association (NAA).
In addition to the average national monthly...
Bill Kay New Managing Director of Ashcroft Capital Markets
Real estate industry veteran Bill Kay has been hired as the new managing director of capital markets for Ashcroft Capital, according to a release.
The hiring of Kay will support Ashcroft's continued emergence in the rental-housing sector...
Top 4 Best Cities with Least Environmental Risk For Investors
Four metro areas, including Portland, stand out as having the least overall environmental risk for investors in commercial real estate and multifamily, according to a new rating from Yardi Matrix.
The company said they did...
Seattle Area Market Rebounds, Marches On
Veteran property manager Cory Brewer weighs in on how the Seattle area market rebound is going and how the pendulum is swinging.
By Cory Brewer
Perhaps the most prevalent 2020 trend in housing was the “migration”...
New Resident Expectations Accelerate Rise in Smart Communities
Property managers may want to consider investing in the right technologies to create smart communities as nearly half of prospective renters say smart building products increase their interest in a potential apartment, according to...
Portland Rents Continue 5-Month Climb
Portland rents have increased 1.7 percent over the past month, and are now up 2.5 percent year-over-year, according to the June report from Apartment List.
Now, median rents in Portland are $1,197 for a one-bedroom...
Salt Lake City rents increase sharply over the past month
Salt Lake City rents have increased 2.4 percent over the past month, and have increased sharply by 10.5 percent year-over-year according to the June report from Apartment List.
Median rents in Salt Lake City stand...
National Rent Prices Jump Again in June, As Upward Trend Continues
National rent prices jumped again in June by 2.3 percent and now are up 9.2 percent so far in 2021, according to the latest report from Apartment List.
In previous years, rent growth from January...
Multnomah County Extends Tenant Rent Relief Application Period To 90 Days
The Multnomah County Commission has voted to add another 30 days to the time tenants have to apply for rent relief as there are more than 10,000 pending applications currently.
The commission, meeting in a...
U.S. Supreme Court Declines Landlords Appeal To End CDC Eviction Moratorium
The U.S Supreme Court in a 5-4 decision declined an appeal from landlords to end the CDC Eviction Moratorium.
The court action will leave the eviction ban in place until the end of July.
Chief Justice...