What the Downsizing Trend Means for Apartment Living
Downsizing is becoming more popular and driving rental demand in both younger and older generations.
By Holly Welles
More people than ever are moving out of their homes and transitioning or downsizing to apartment living.
Apartments offer...
2020 Apartment Construction Down 12%, a 5-Year National Low
New apartment construction across the country is starting to mirror the downward trend following the 2008 crisis, down 12 percent and hitting a five-year low for buildings of 50 units or more, according to...
Seattle Rents Continue Decline For Third Month
Seattle rents continued to decline for the third month, falling 0.4 percent in July, according to the latest report from Apartment List.
Rents are down 0.9 percent year-over-year in Seattle, where rents lag both the...
Portland Rents Held Steady Over The Past Month
Portland rents held steady over the past month, but are down moderately by 1.1 percent year-over-year, according to the latest report from Apartment List.
Median rents in Portland are $1,119 for a one-bedroom apartment and...
More Pain Ahead for the Rental Housing Industry Says Multifamily Outlook
With the pandemic continuing to spread and additional federal funds to help uncertain, the second half of the year could mean pain ahead for rental housing and a challenging time for apartments, Yardi Matrix...
Group Says Multifamily Should Ban Smoking Inside and Near Buildings
Multifamily buildings should have complete smoking bans inside and near buildings in order to protect nonsmoking adults and children, according to the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE).
The association said in...
Negative Rent Growth Year-Over-Year For First Time Since 2010
The pandemic is impacting rents now and negative rent growth year-over-year is showing up in statistics across the country for the first time since 2010, according to Yardi Matrix.
National rents declined by $2 in...
Apartment Market Conditions Weaken Due to Continued COVID-19 Impact
Apartment market conditions weakened in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for July 2020, as the industry continues to deal with the ongoing COVID-19 pandemic, according to a release.
The Market...
Unemployed Renters Stand to Lose Lifeline of Federal Unemployment Benefits
Unemployed renters stand to lose the weekly federal $600 payments which, along with eviction moratoriums, have been a lifeline for many renters out of work, a Zillow analysis shows. Expiration dates loom for both...
Apartment Search Data Not Showing Exit from Cities
Apartment search data and behavior show subtle regional shifts, but no overwhelming evidence of a large-scale urban exodus, according to behavior on the Apartment List marketplace, the company says.
“While the coronavirus’s short-term impact on...