Eight Best Marketing Practices to Fund New Loans Faster

Join our expert panelists to learn which best marketing practices will help you get to your customer quickly with your best offer – and win their business for another loan term.

engage.marketing event: All eyes on purchase

To help power your business forward, we’re bringing together the smartest minds in purchase mortgage marketing to share the insights, tactics and strategies that set leaders apart.

Behind the executive exodus at Fannie Mae

What's behind the wave of executive departures at Fannie Mae? It's not just money, according to former employees of the GSE.

2021 Agent Rankings now live

Today RealTrends + Tom Ferry announce the 16th annual The Thousand of America's top 1,000 real estate sales and professionals and teams.

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

Fannie Mae gives go-ahead for digital verification

Fannie Mae has given mortgage servicers the green light to use third-party digital vendors to verify income and asset information. Mortgage tech firms are thrilled.

Jun 10, 2021 By

Latest Articles

Mortgage forbearance drops as expiration date nears

Mortgages in forbearance fell for the 15th consecutive week last week to 4.04% of servicers’ portfolio volume ― a 12 basis point decline, according to a survey from the Mortgage Bankers Association.

Jun 14, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please