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.

Zillow analyst on whether home prices can keep climbing

Today’s episode of HousingWire Daily features an interview with Nicole Bachaud, as she discusses annual and monthly home price appreciation growth, rising inventory levels and rent prices.

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.

Here are the metros with the highest apartment occupancy

Plus, the markets where rent is growing the fastest

Apartment occupancy nationwide is as high as it's been in nearly 20 years, with more than 96% of all apartments filled in the 150 largest apartment markets in the country.

Overall, all four regions of the country saw a rise in apartment occupancy in August, according to a study from RealPage

The Northeast saw 97.1% occupancy; 96.6% in the West; 96.5% in the Midwest and 95.7% in the South.

Of the largest markets in the U.S., eight of them saw a weaker occupancy rate in August than in July, while only three had occupancy below 95%. Conversely, nine of the big markets saw greater than 97% occupancy in August. 

Here, from RealPage's report, are the markets where the most apartments are filled:

1. New York-White Plains, New York, 97.9% occupancy

2. (tie) Newark-Jersey City, New Jersey-Pennsylvania, 97.5% occupancy

2. (tie) Detroit-Warren-Dearborn, Michigan, 97.5% occupancy

4. (tie) Providence-Warwick, Rhode Island-Massachusetts, 97.3% occupancy

4. (tie) Boston-Cambridge-Newton, Massachusetts-New Hampshire, 97.3% occupancy

6. (tie) Milwaukee-Waukesha-West Allis, Wisconsin, 97.2% occupancy

6. (tie) Minneapolis-St. Paul-Bloomington, Minnesota-Wisconsin, 97.2% occupancy

8. (tie) Sacramento-Roseville-Arden-Arcade, California, 97.1% occupancy

8. (tie) Cincinnati, Ohio-Kentucky-Indiana, 97.1% occupancy

10. (tie) Virginia Beach-Norfolk-Newport News, Virginia-North Carolina, 96.9% occupancy

10. (tie) Philadelphia-Camden-Wilmington, Pennsylvania-New Jersey-Delaware-Maryland, 96.9% occupancy

Meanwhile, RealPage's report also showed that August was the 12th consecutive month that annual rent growth was at or above 3%, which hasn’t happened since 2016.

But there were some markets where rent growth in August was well beyond the national average.

Here are the rent growth leaders for August:

1. Phoenix-Mesa-Scottsdale, Arizona, 8.2% rent growth

2. Las Vegas-Henderson-Paradise, Nevada, 7.5% rent growth

3. Raleigh.Durham, North Carolina, 5.4% rent growth

4. Greensboro/Winston-Salem, North Carolina, 5.2% rent growth

5. (tie) Austin-Round Rock, Texas, 4.6% rent growth

5. (tie) Charlotte-Concord-Gastonia, North Carolina-South Carolina, 4.6% rent growth

5. (tie) Riverside-San Bernardino-Ontario, California, 4.6% rent growth

8. Nashville-Davidson-Murfreesboro-Franklin, Tennessee, 4.5% rent growth

9. Sacramento-Roseville-Arden-Arcade, California, 4.4% rent growth

10. Memphis, Tennessee-Mississippi-Arkansas, 4.1% rent growth

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