Items Tagged with 'multifamily research'

ARTICLES

  • Here’s what renters are really looking for in their next apartment

    Search trends reveal the things renters really care about
    Surely one of the top questions for any landlord or property developer is what do renters really want in their next apartment? What matters to them? What do they care about? For the most part, answering that question is probably a guessing game. Well, maybe not anymore. Newly released data from RENTCafé and Yardi Matrix provides insight into what renters truly want, based on the one place they can’t really lie about – their search history.
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  • Mortgage rate increases pull on multifamily investment outlook

    It's getting tougher to invest in multifamily due to strong performance and higher mortgage rates
    Freddie Mac’s Apartment Investment Index took a 7.1% hit over the last quarter as investors seem to be paying more per dollar of income for their multifamily investments. According to the report, the recent increase in mortgage rates is the main culprit behind the drop in the index as its substantial rise made borrowing for multifamily investments significantly more expensive.
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  • RentCafé: 87% of units delivered in 2018 are luxury

    The lion's share of new construction is luxury product, could threaten rent growth
    According to an analysis from RentCafé, luxury rentals, those that are Class B+ and above, dominate the multifamily market’s deliveries and they have been since 2015. As recent as 2015, three quarters of new apartment construction fell into the luxury category. By 2017 that number crept up to 79%, and so far, this year, it is looking like that number soar even higher.
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  • 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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  • 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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  • Apartment List: Housing legislation can't make it through Congress

    Out of 10,222 bills introduced so far this term, only 115 had to do with housing
    Out of the 10,222 bills introduced so far in the 115th Congress, only 115 of those had to do with housing and of those 115, not a one made it to the Oval Office. According to a report from Apartment List, despite growing national concern regarding the housing affordability crisis, what few potential solutions are being put forth, can’t make through Congress because they are not a priority.
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  • 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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