Items Tagged with 'multifamily rent growth'

ARTICLES

  • Apartment List: Nearly 50% of renters are cost burdened

    Number of cost-burdened renters has been inching down, but it's still a problem
    Nearly 50% of U.S. renters are cost burdened and spend 30% or more of their income on housing. According to Apartment List research, cost burden has been inching down for the last six years, but improvement has been incremental. In 2016, the percentage of cost-burdened renters was 49.7%. In 2017, that number fell just two tenths of percent to 49.5%, the lowest since 2007.
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  • Yardi: Multifamily rent growth shows no signs of tiring

    Market conditions are still solidly on the side of rent growth despite continued deliveries
    Rents are still on their way up nationwide. The industry just posted the seventh consecutive month with an all-time high average rent. Here's a look at the latest nationwide rent data. Plus, a glimpse of where rents will rise the most for the rest of the year.
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  • Class-A rent is still growing in a handful of U.S. markets

    Despite overall softening in nationwide Class-A rent, these markets are still soaring
    Despite nationally slowing rent growth in Class-A multifamily product, some markets are defying the odds and posting significant Class-A rent growth. Here's a breakdown of which markets are on the upswing in the Class-A segment.
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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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  • Want to save up for a home? Say goodbye to 54% of your income for 6 years

    It will take the average renter 6 years saving 20% of their income to afford a 20% down payment
    According to research from Zillow affiliate Hot Pads, it will take the average U.S. renter more than six years to save up for a 20% down payment on a home. With rent now taking up an average of 34% of a renter's income and home prices on the rise, the dream of homeownership is becoming more and more distant for U.S. renters.
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  • Zillow: Slowing rent growth signals stability in multifamily

    As rent growth tapers off, market moves toward equilibrium after hitting peak in 2016/2017
    Though rent growth is slowing, bringing with it fears of a big tumble in the multifamily market, Zillow’s research indicates the median rent is growing faster than it was last year and that current conditions signal stability rather than a crash.
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  • RealPage: Rent growth continues slow slide, but multifamily remains healthy

    Large delivery numbers are slowing rent growth, but strong demand is keeping occupancy up
    Rents are increasing at the slowest rate in eight years, according to a report from RealPage. Though the run of annual growth has reached a record 32 quarters, the continued delivery of new units has taken its toll on rent growth, slowing it to 2.3%. But there are several silver linings in this cloud.
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  • RENTcafé: 83% of renters can't afford to live where they want

    Sky-high prices in job nodes make a hellacious commute nearly universal for renters
    A RENTcafé survey of more than 2,000 renters found that less than 17% of them lived close to their desired location, meaning that 83% of renters have to go the extra mile(s) to get where they’re going. According to RENTcafé, apartments in desirable areas (aka job centers) cost $1,655 per month, a 37% increase over the national average rent of $1,211 in regular or low-rated locations.
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