Multifamily

News coverage of the multifamily housing market for owners, brokers, agents, investors, lenders, appraisers and other service providers. Apartment and condo coverage including market rate, luxury, affordable, student housing and senior housing.

ARTICLES

  • 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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  • Zumper: Rent prices heat up in July, hitting an all-time high in San Francisco

    Median monthly rent for a 1-bedroom unit rises to $1,220
    As the summertime heats up, so are July’s rental prices. According to Zumper’s latest National Rent Report, the rental price for a one-bedroom unit slightly increased by 0.3% this month. This means it now cost the average renter a median of $1,220 to rent the average one-bedroom unit.
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  • Apartment demand spikes to 5-year high

    Lack of affordable homes has locked an increasing number out of the market
    Demand for apartments hit a high not seen in five years as a shortage of affordable homes has locked an increasing number of Americans out of the market. According to recent data from RealPage, the national occupancy rate rose to 95.8% from 95.4% last year.
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  • JLL's $2 billion acquisition of HFF to close on July 1

    Multifamily real estate giant coming soon
    The $2 billion deal that combines two of the biggest names in multifamily and commercial real estate is nearly complete, as Jones Lang LaSalle and HFF announced Friday that JLL’s acquisition of HFF is set to close on July 1.
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  • Fast-growing cities see substantial decline in affordable housing

    Lack of rental housing to accommodate low-income residents
    The fastest-growing cities in the U.S. saw their stock of affordable housing decline substantially from 2010 to 2017, according to the latest research from Freddie Mac, highlighting a strong correlation in population growth and affordability loss. Here are the cities that are seeing the greatest influx of residents.
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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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  • Fitch: NYC rent regulations a negative for multifamily lenders

    New laws could hurt property values and occupancy rates
    Last week, New York State Senate and Assembly leaders passed expansive changes to rent control laws that stunned the real estate industry. While it seems no one working in New York’s real estate market is especially thrilled with the new regulations, a recent report from Fitch Ratings details just how damaging they could be.
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  • RentCafe: The national average rent climbs to $1,442 in May

    But rents in 64% of the country’s largest cities fall below the average
    Although 36% of the country’s largest 260 cities now have rents that exceed the national average of $1,442, RentCafé’s data indicates that a whopping 64% of rents still fall below the median. According to the company's data, cities in the Midwest and the South continue to maintain the most affordable rental prices.
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  • The NRP Group appoints new VP of development

    David Brown will expand the company's presence in the DFW metroplex
    The NRP Group, a builder and manager of multifamily housing, recently appointed David Brown as a regional vice president of development. In this new role, Brown will focus on building the company’s pipeline in the Dallas-Fort Worth metroplex.
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