California to turn unused school land into millions of housing units
In an effort to address a lack of housing that officials say has contributed to a shrinking teaching workforce, the California Department of Education is planning on converting undeveloped school lots into affordable housing.
State...
The incredible disappearing Starwood CRE investor
The $10 billion fund from Starwood Capital Group has been trying to preserve its available cash and credit by limiting investor redemptions. In the first quarter, the fund was hit with $1.3 billion in...
The price of disorder
I was once pitched a deal in the heart of the Amazon—Manaus, Brazil. What was I buying? Firstly, a commercial asset. But I couldn’t shake my concern around governance. The sanctity of a contract...
Which multifamily market will see the highest rent growth in 2025?
Moody’s Analytics associate director and economist Nick Villa gazes into his crystal ball to determine which markets will see the highest apartment rent growth in 2025.He leans on Moody’s Q3 2024 Preliminary...
Market demand sets stage for few rent hikes
While asking rents for new leases nationally are running nearly flat over the past 12 months, those figures are heavily influenced by the Sunbelt, where record-high supply has turned rent growth negative in some...
Rules that make dishwashers, wash machines perform worse also illegal
Plaintiffs argue that the Department of Energy has no legal authority to impose its own water use limits on energy-consuming home appliances.
The federal regulations that make dishwashers and washing machines worse are also illegal....
INFOGRAPHIC: Appliance payoff models explode
^58 percent increase in requested quotes to thousands of appliance repair businesses y/y (2022-2023)
^43 percent increase in appliance spend in 2023 compared to 2013—rising from $390 to $558 over the decade
Why? 1987. Home appliances...
INFOGRAPHIC: Disparate impact of high interest rates
Disparate impact of high interest rates has adversely impacted millions of low- and middle-income families—and housing providers. More often high interest rates depress stock and housing prices, and other asset values— impacting all income...
Rents fall behind inflation
Tracking rents is important for understanding the dynamics of the housing market. For example, the sharp increase in rents helped me deduce that there was a surge in household formation in 2021 (September 2021:...
INFOGRAPHIC: Interest rates slow apartment development
Rising interest rates, tighter lending and flattening rents in parts of the country have left property companies from California to Florida waiting for financing that may not come soon.
+500 days (up 45% from 2019)...
Deal watch
Oliver Emerson Development, a father-son duo, wants to turn the former Rockford Watch Co. factory in Rockford, Illinois, into affordable housing.
“To be able to do it with my father and be able to contribute...
Buy multifamily – market conditions favor investment
Now is the time to buy multifamily, said Peter Standley, director of Marcus & Millichap's multifamily division, while discussing the state of industry on October 7. He discussed the impact of new...
Major U.S. Supreme Court decisions coming down the track MAJOR UPDATE
June 28, 2024 Update: The Supreme Court in an unprecedented victory for multifamily and other businesses, has today reversed its 40-year-old decision in Chevron v. Natural Resource Defense Council. This law governed how courts...
San Francisco city council targets free speech to cover up its own housing failures
The San Francisco city council is smashing the mirror because it doesn’t like the face staring back at it.
The council just approved a ban on websites that offer data about local rental markets and...
“Sitting empty:” Vast expanse of federal land eyed for new housing
The White House and the Republican National Committee agree on one thing at least: The sale of surplus federal land could help alleviate a crushing shortage of affordable housing.
Proposals to sell federal land to...
