Items Tagged with 'multifamily housing'

ARTICLES

  • 6 Questions with 6 HUD Executives, Ep. 5: Assistant Secretary Anna Maria Farias

    Farias talks about her motivations, taking down corruption and the real reason HUD went after Facebook
    Anna Maria Farias shares a special bond with Department of Housing and Urban Development Secretary Ben Carson. Farias also grew up in public housing. She, like Carson, fought hard to achieve a greatness unparalleled. Farias was the child of a single parent who struggled to make ends meet, and she witnessed first-hand the discrimination and harassment her mother faced daily.
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  • Zillow: The rent growth fever just broke

    For the first time in six years, year-over-year rent growth is flat
    The rent growth fever may have just broken. For the first time in six years, year-over-year rent growth is flat. According to a new report from Zillow, the national median rent in August came in at $1,440, unchanged from a year ago. This is the sixth consecutive month of slowing rent growth and month 27 of sub-3% annual growth.
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  • Singapore real estate giant CapitaLand enters U.S. multifamily with $835 million acquisition

    Buying 16 Class-B properties in Seattle, Portland, Los Angeles, and Denver
    With rents continuing to rise with little sign of slowing, multifamily real estate in the U.S. is beginning to draw some serious international investor interest, as one of Asia’s largest real estate companies is planning a U.S. invasion of its own. Singapore’s CapitaLand announced Tuesday that it is entering the U.S. multifamily market with an $835 million acquisition of 16 apartment communities in Seattle, Portland, Los Angeles, and Denver.
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  • RealPage completes $100 million acquisition of LeaseLabs

    Provider of digital marketing services and software is RealPage’s latest acquisition
    RealPage’s $100 million acquisition of LeaseLabs is now complete. The acquisition of LeaseLabs is just the latest for RealPage, a provider of software and data analytics to the real estate industry. This is RealPage’s sixth since January 2017 and pushes the company’s total outlay for its recent expansion past $1 billion.
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  • Co-living startup Starcity launches expansion in California

    Company is expanding into Los Angeles after success in San Francisco
    Purveyors of a growing trend in the multifamily market, Starcity, is expanding its co-living operations to Los Angeles. Los Angeles is the second city Starcity is operating in. San Francisco, a city desperate for affordable housing, was the first.
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  • NIMBYism is depressing multifamily developers

    “Not In My Backyard” is keeping some developers from building
    Multifamily developers’ confidence in the health of the market fell over the last few months, thanks to a combination of factors, including the threat of rising construction costs due to tariffs and NIMBYism standing in the way of new multifamily developments getting off the ground.
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  • Inside the scandal that could explode multifamily real estate

    WSJ reports on massive multifamily mortgage fraud investigation
    Everything is going swimmingly in multifamily real estate these days, right? Rents keep rising, construction is still chugging along, deals are being made, and delinquencies are still at historic lows. So everything’s good, right? Maybe not. It appears there could a deep, dark secret at the core of multifamily lending. Fake residents, fake incomes, and inflated mortgages. Sound familiar?
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  • From HW Magazine

    The Multifamily Movement: Renting steps into the spotlight

    More Americans are opting for apartment-style living
    Favored as one of the most stable real estate investments, and quickly becoming America’s abode of choice, apartments are inching toward center stage in the residential real estate realm. Skyrocketing home prices, hefty interest rates and demographic trends are creating a perfect storm for multifamily to step into the spotlight. There are 111,054,354 renters in the U.S., according to the U.S. Census Bureau. This represents 35% of the U.S. population, and that number is increasing as people continue to move from rural or low-growth areas to national job nodes.
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  • Employers eager to hire are waiving requirements; will the housing market see a boost?

    Employers are abandoning traditional requirements for applicants; will the housing market see an uptick as a result?
    According to the Wall Street Journal, the percentage of jobs asking for a college degree fell from 32% to 30% in the first half of this year. Even more significant has been the drop in experience requirements for entry-level jobs, which dropped from 29% in 2012 to 23% now. With more people taking jobs, will they also begin to look for homes?
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