Items Tagged with 'Rental Market'

ARTICLES

  • Average rental prices rise as nation faces multifamily housing shortage

    Rents in 36% of the nation's cities exceeded the national average
    RentCafé indicates that the nation’s average rent rose $48 month over month to $1,469 in July. Not only is this a 0.2% increase from the previous month, but it is also 3.4% higher than the same time period in 2018. Doug Ressler, Manager of Business Intelligence at Yardi Matrix, said rents continue to rise partly because more and more Americans are looking for apartments while too few are being built.
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  • Freddie Mac: It will be another banner year in multifamily

    Low rates will spur investments, drive up originations
    It looks like the multifamily sector is set to have another strong year thanks to a combination of factors that will fuel demand for rental housing. According to Freddie Mac’s midyear outlook, 2019 will see a robust rental market as the nation’s housing shortage, a strong labor market and low interest rates create a potent recipe for multifamily growth.
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  • America's rental market heats up as its housing market takes a breather

    Zillow says U.S. rental prices accelerated for the ninth-straight month in June
    Although the housing market continues to experience a slowdown in home price appreciation, new data from Zillow suggests the nation’s rental market is thriving. According to the company’s Real Estate Market Report, U.S. rent prices accelerated for the ninth-straight month in June, climbing to $1,483. Unfortunately, home values grew only 5.2% annually, falling from last year's growth of 7.6%.
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  • Only half of Americans can afford an entry-level home

    This spells major opportunity for the rental market
    Just over half of Americans can afford an entry-level home as affordability issues continue to plague the nation’s housing market. According to a study by John Burns Real Estate Consulting, only 54% of Americans are able to afford a home priced at 20% the median home price in their area. The situation is creating a robust opportunity for rentals.
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  • Rental prices hit a median of $1,465 in June

    Rents in 88% of the nation's cities increased in the first half of the year
    As rent prices continued to climb in June, RentCafé indicates that the nation’s mid-year average rent spiked $37 from the previous year. According to the company’s Mid-Year Rent Report, the national average rent in June totaled $1,465. Not only is this a 0.8% increase from the previous month, but it is also 2.6% higher than the same period in 2018.
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  • WSJ: Rent control law sends New York building values tumbling

    "Every spreadsheet in New York just changed," says one broker
    New York’s new rent control law could cause rent-stabilized apartment buildings to drop 20% to 45% in value, brokers and investors said in a Wall Street Journal story on Monday. "Every spreadsheet in New York just changed," said Steven Vegh, a real estate broker who sells buildings to investors.
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