Average multifamily rents increased $2 in February to $1,426, according to the latest Yardi Matrix national multifamily report. The report noted that demand for rentals isn't showing any signs of slowing down, bolstered by low unemployment and growing wage growth.
New York-based commercial real estate firm Savills Studley Inc. announced this week it has shortened its name and rebranded as Savills. The change aligns the U.S. arm of the company's business with the global platform of parent company London-based Savills plc, it explained in a press release.
The Federal Open Market Committee’s statement indicated that the Fed is taking a cautious tone with the rates as it monitors the rate of inflation and other global economic conditions and developments. For the most part, everyone thinks this is a good move. Is an interest rate cut the next step?
Goldman Sachs announced it is expanding its year-old program to add more diverse employees to the company worldwide, according to an article from CNBC. The big bank says that half of its new analysts and entry-level associates must be women. The bank also, for the first time, issued goals for it to meet in hiring blacks and Latinos.
Realtor, CEO and author Leigh Brown announced Friday she is running for Congress in North Carolina's 9th Congressional District. Brown, who is also a motivational speaker, announced via Facebook Live that she is entering the Republican primary race in the district's upcoming special election and housing is at the top of her agenda.
The fight for rent control in the state of California is, seemingly, far from over. Months after the state's voters wholeheartedly defeated a rent control initiative in last November's election, the issue of expanding rent control in California has returned to the state's legislature this week after a group of Democratic lawmakers unveiled a series of bills designed to tackle the issue another way.
We all know housing is crazy expensive in California, but is San Francisco the most expensive place to rent in the world? According to apartment search site Zumper, it is. Read on to see just how expensive the West Coast market is compared with the rest of the world.
A new report from The Wall Street Journal says that JPMorgan Chase is expecting to open 90 branches by the end of this year. The bank is looking to add as many as 700 employees and open locations in cities such as Charlotte, Minneapolis and Nashville as part of its larger plan to enter new markets.
Recent data from RentCafé shows that the number of seniors renting has taken off, seeing stunning growth in a 10-year period. Renters aged 60 and over grew by 43% over 10 years, from 6.55 million in 2007 to 9.37 million in 2017, outpacing their younger counterparts in renter growth.
Tech-driven multifamily operations company Livly officially launched this week and is seeking to digitally disrupt the renting and the property management process. The company has a considerable amount of money behind it, announcing it raised $10 million in capital during its seed funding round.
With the recent turnover in leadership at the Federal Housing Finance Agency, we may be standing at the precipice of great change in the government’s role in supporting the mortgage market through Fannie Mae and Freddie Mac.