Articles by Jeremiah Jensen

Same rent, different day: Multifamily mighty at midway point in 2018

Freddie Mac predicts strength in the multifamily market with moderate corrections to continue
It looks the multifamily housing market is going to continue its strong performance with continued gradual correction, according to Freddie Mac, which just released its mid-year multifamily outlook. Same rent, different day. Rent growth remains healthy at the national level as continued demand keeps multifamily afloat.
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Marcus & Millichap hires multifamily ace to run its financing division

David Shillington stepping into William Hughes position as Hughes transitions to retirement
Marcus & Millichap hired David Shillington to lead its financing arm. Shillington will serve as president of Marcus & Millichap Capital Corporation and brings over 30 years of experience to the firm and is taking the place of William Hughes, who announced his retirement earlier this year.
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Fisticuffs in Beverly Hills: Mom-and-pop multifamily vs. regulations

The Apartment Association of Greater Los Angeles is challenging Beverly Hills in court
The Apartment Association of Greater Los Angeles filed a federal lawsuit against the City of Beverly Hills on behalf of apartment tenants and owners seeking relief from the city’s Rent Stabilization Ordinance. The crux of the case is what the plaintiffs feel is an unnecessary regulatory burden on mom-and-pop owner/operators.
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The rise of renter nation and why it's here to stay

High rents, home prices and interest rates should keep people renting for a while
Nationwide, the percentage has been growing for the last 10 years, and though homeownership has been making a small comeback lately, escalating rents and continually rising home prices are keeping many households on the lease life. And it looks like it's going to stay that way for a while.
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Zillow: America will have 23 more $1M housing markets by next year

Affordability is slated to die for good in more and more cities in the U.S.
Over the next year, the median value of a home will soar to $1 million or more in 23 more U.S. cities, providing further evidence of the worsening affordability of housing around the nation and a harbinger of how much worse it will get. Is it time to say goodbye to affordability?
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NAR: Home prices soar to all-time high

Affordability becoming a distant memory for today's homebuyers
According to research from National Association of Realtors, second quarter home prices soared to an all-time high. The national median existing single-family home price in Q2 was $269,000, up 5.3% year-over-year and surpassing last year’s Q2 as the new peak.
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Gateway Mortgage to acquire Oklahoma's Farmers Exchange Bank

The acquisition will create one of the top five banks in Oklahoma
With an eye on long-term growth posturing, Gateway Mortgage Group has entered into an agreement to acquire Oklahoma’s Farmers Exchange Bank. With the acquisition, Gateway anticipates the ability to expand the resulting bank’s suite of services and lower the costs of those services for consumers.
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Inside look: Freddie Mac's new affordable rent program and its effect on the multifamily market

Here's how the new program addresses affordable housing and return on investment
In a multifamily market struggling to stem the affordable housing crisis, Freddie Mac rolled out a new financial product for multifamily properties that is meant to keep rents affordable for 10 years. HousingWire brings you an inside look at the program, courtesy of its designers at Freddie Mac.
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