Items Tagged with 'Rent Growth'

ARTICLES

  • Multifamily occupancy rates keep rising

    More Millennials opt to rent instead of own
    Apartment occupancy rates climbed in July to their highest level since in since 2000, according to a report from RealPage, which revealed that occupancy rates rose 0.4% from last year to reach 96.2% last month. Meanwhile, average rent prices across the U.S. remain around $1,414, as a number of Millennial renters keep demand strong.
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  • Multifamily developers struggle to keep up with Austin's booming job market

    Rent growth expected to rise again
    In March, Austin’s employment growth rate climbed to 2.5%, far above the nation’s average of 1.6%. With Apple and Amazon both announcing further job expansions within Austin, there doesn’t seem to be an end in sight with regard to job growth. In the midst of it all, rent growth rose at a 3.7% rate through April. 
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  • Capital Economics: Rental growth may see modest declines

    Latest report says rental growth will fall back as earnings cool down
    Economists at Capital Economics noted in their latest housing market report that they expect that the gradual loosening in market conditions to mean rental growth is set to cool down. "Our profile for rental and house price growth implies that gross rental yields will rise slowly over the next three years, from 6% today to around 6.3% by the middle of 2021," the firm writes.
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  • Denver turns to "granny flats" to stave off affordability woes

    An urban regeneration coalition in Denver is receiving backing from Fannie Mae to install ADUs in low-income neighborhoods
    Auxiliary dwelling units could be the answer to helping low-income households afford to stay in gentrifying areas. According to a report by Donna Bryson from CNBC, the residents of a West Denver neighborhood are taking the affordability issues facing their neck of the woods into their own hands.
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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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  • 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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  • Realtor.com: Home prices are rising 3 times faster than rents

    This could mean further reinforcement for multifamily demand for the foreseeable future
    According to Realtor.com, home prices are rising at three times the rate of rent growth. A new analysis by the real estate company’s research division shows that the monthly costs of buying a home have risen by 14% over the past year while rents have only increased by 4%. That's likely to keep people renting.
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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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