Thursday, March 28, 2024

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.

Rent control laws are contributing to a shortage of affordable housing, according to economists as the supply of housing declines

Rent Control Contributes To Affordable Housing Shortage

Rent control laws are contributing to a shortage of affordable housing, according to economists. When rent caps are imposed, developers build fewer new rental units, the supply of available housing declines and housing costs increase....
Multifamily rents turned negative in September, with the average U.S. rent declining $6 from August amid the multifamily supply surge

Multifamily Rents Drop Amid Supply Surge

Multifamily rents turned negative in September, with the average U.S. rent declining $6 from August and $3 during the third quarter amid a supply surge, Yardi Matrix says in its September report. “Still, the market...
TransUnion To Pay $15 Million Over Tenant Screening Inaccuracies

TransUnion To Pay $15 Million Over Tenant Screening Inaccuracies

TransUnion has agreed to pay $15 million in a settlement over tenant screening inaccuracies because “TransUnion and subsidiary violated the FCRA (Fair Credit Reporting Act) by failing to remove inaccurate or incomplete eviction records...
The U.S. saw a second consecutive month of negative rent growth in September, according to the October report from Apartment List.

Second Consecutive Month With Negative Rent Growth

The U.S. saw a second consecutive month of negative rent growth in September, according to the October report from Apartment List. The nationwide median rent fell 0.5 percent to $1,364 and “we are now squarely...
6 vital tools you need to fight fraud as the stories of fraud are becoming all too common and we need to stay vigilant.

6 Vital Tools You Need To Fight Fraud

6 vital tools you need to fight fraud as the stories of fraud are becoming all too common and we need to stay vigilant. By David Pickron I have a neighbor who over a year ago...
Oregon audit questions emergency rental assistance spending including the Oregon Housing and Family Services agency

Oregon Audit Questions Emergency Rental Assistance Spending

Oregon Secretary of State auditors unearthed millions of misappropriated dollars and a lack of oversight and accountability in four state agencies including emergency rental assistance spending at the Oregon Housing and Family Services, according...
Rental growth rates are returning to pre-pandemic levels in line with historic standards even though asking rents are increasing slowly

Rental Growth Rates Return To Pre-Pandemic Levels

Rental growth rates are returning to pre-pandemic levels in line with historic standards even though “asking rents are increasing at a slower rate than the last two years,” Yardi Matrix says in a special...
Now is the time to promote mental health in multifamily for owners and operators to understand the mental health challenges of their teams

Now Is The Time to Promote Mental Health In Multifamily

"Multifamily experienced an improvement in mental health last year, but the number of people who reported less stress in 2023 fell to nearly the same level that multifamily experienced during the pandemic, according to...
The FTC is making two background check report providers pay $5.8 million to settle charges they deceived consumers over criminal reports

2 Background Check Providers to Pay $5.8 Million Over Inaccurate Reports

The Federal Trade Commission (FTC) will require background check report providers TruthFinder and Instant Checkmate to pay $5.8 million to settle charges that they deceived consumers about whether consumers had criminal records, according to...
Expense growth clouds future multifamily performance as operators are now facing the rapidly growing expense side of the ledger

Expense Growth Clouds Future Multifamily Performance

While economic growth and a strong job market have helped multifamily asking rents grow nationally in August, operators are now facing the rapid expense growth on that side of the ledger, led by mushrooming...