CoStar: multifamily property prices higher in October
CoStar reported that its value-weighted index of multifamily property prices rose 1.4 percent month-over-month in October. This index was down 7.1 percent year-over-year.
Note that the month-over-month price movement reported by CoStar varies significantly from...
Criminal investigation of RealPage dropped
RealPage announced Friday, December 6 that the U.S. Department of Justice (DOJ) notified them that the DOJ was dropping its criminal investigation of RealPage for its multifamily rental housing pricing practices. The civil suits...
Multifamily CMBS delinquency rate jumps in November
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans rose sharply in November, more than reversing last month’s decline. The overall CMBS delinquency rate also rose, climbing another 42 basis points...
Multifamily starts forecast to rise throughout 2025 and 2026
Fannie Mae’s November housing forecast calls for multifamily housing starts to bottom out at the end of 2024 and then to steadily increase through the rest of the forecast horizon. Despite the growth, the...
Multifamily permits, starts and completions all lower in September
The Census Bureau’s new residential construction report stated that multifamily completions retreated from last month's high. Multifamily starts also fell as multifamily permit issuance continued its long-term slide.
Multifamily housing permits lower
The number of permits...
GRESB is where the action is
One of my favorite Elvis Presly songs, “A little less conversation” starts with the lyric, “A little less conversation a little more action, please”, which speaks to my soul.
I like practicing sustainability and reporting...
Tech firm launches BPS management solution software
GreenT Climate Software has announced the official launch of their BPS Management Solution, a web-based software built specifically for multifamily real estate portfolios to automate portfolio-wide sustainability compliance visibility, plan capital expenditures and protect...
Job openings higher in October
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in October was 7.74 million. This was reported to be up 372,000...
Yardi Matrix looks at student housing trends for Fall 2024
According to the Yardi Matrix Fall 2024 student housing report and webinar, the strong getting stronger is an emerging theme among the Yardi 200. Yardi tracks the performance of 1.15 million student...
Multifamily CMBS delinquency rate declines in October
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans fell in October, breaking a string of 5 consecutive monthly increases. However, the overall CMBS delinquency rate continued to rise, climbing 28...
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...
SFR rents rise, but more slowly
CoreLogic reported that their single-family rent index (SFRI) for September rose 2.0 percent from its year-earlier level. This is down 0.4 percentage points from last month’s reported year-over-year rent growth rate and is down...
Multifamily CMBS special servicing rate higher in October
Trepp reported that special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans moved higher for the third month in a row in October, rising another 14 basis points. The overall CMBS special servicing...
2025 GSE multifamily loan caps set
The Federal Housing Finance Agency (FHFA) announced that the 2025 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $73 billion for each Enterprise, for a combined total of...
‘Tis the seasonality
Growing up in unincorporated Fresno where your nearest neighbor was five miles away, it was a prerequisite to have a hound dog. Mine was a coonhound named Major. I loved him. In addition to...
