The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Real Estate

Rent just fell for the first time in 8 months

Multifamily settling into a warm winter

While the decline is slight, the national average rent just dropped for the first time in eight months.

According to Yardi’s monthly rent report, the national average rent dropped by $1 in September. This is the first time in eight months that rent has not risen. Year-over-year rent growth remains unchanged at 3%.

According to the report, this slowdown is likely due to seasonality as the multifamily enters the traditionally slow winter months of the fourth and first quarter. The report predicts that long-term demand will remain strong as demographics, economics and preference all send favorable winds into the industry’s sails.

For those who need a little more convincing that everything is stable, occupancy has continued to increase in recent months, reaching 95.4% in August, which means that demand has continued to absorb new supply.

In September, Orlando came out on top of the list of rent growth leaders again, posting a rate of 6.1% rent growth.

San Antonio came in last place with an overall rent growth of 0.5%.

With strong employment numbers and the economy humming along at a healthy clip, there appears to be continued support for robust, long-term demand for multifamily product. 

Yardi’s report is composed of multifamily data collected from 127 U.S. markets. You can find the full report and breakouts of metro-by-metro data here.

Most Popular Articles

Ex-loanDepot COO: Tony Hsieh cut corners to boost volume

The suit, filed by former COO Tammy Richards, accuses loanDepot CEO Anthony Hsieh of ordering the sales team to “trust [their] borrowers” and close loans, disregarding proper underwriting etiquette. 

Sep 23, 2021 By and

Latest Articles

UWM announces Bolt underwriting system for brokers

In a keynote session about the future of mortgage, UWM CEO Mat Ishbia previewed Bolt, an underwriting system that he said would enable brokers to underwrite a loan in 15 minutes or less, which will go live on Monday, Sept. 27.

Sep 25, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please