Biden calls for rent control -update
In President Biden’s press conference on July 11, he mentioned his plan to impose rent control with a 5 percent rent increase cap on corporate landlords as part of his second term agenda if...
Single-family rent growth rate rises in May
CoreLogic reported that their single-family rent index (SFRI) for May rose 3.2 percent from its year-earlier level. This is up 0.2 percentage points from last month’s reported year-over-year rent growth rate but is down...
The time to speak is now
Plato once stated, “Silence is Consent.”
Currently the Environmental Protection Agency (EPA) is updating their criteria for Rev. 05 of the ENERGY STAR Multifamily New Construction Program (MFNC). You can review the list of changes...
Prettiest girl in the room
Did you ever watch a rom-com from the 1990’s? Invariably some super popular hot ultra cool guy is given a dollar to date some bookish, plain-Jane with a ponytail and glasses. At some point...
MSCI: Multifamily property prices continue to fall in June
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 0.5 percent from their level of the month before in June. While still negative, this is less...
Increasing apartment supply is slowing new lease-up velocity
Increasing apartment supply is slowing new lease-up velocity, said Madera Residential head of investment strategy and research Jay Parsons. Leasing velocity for newly built apartments is at its slowest pace in recent...
Multifamily starts predicted to pick up in 2025
Fannie Mae’s May economic forecast calls for multifamily housing starts to reach their low point in Q2 2024 and then to rise, if unevenly, through the end of 2025. Single-family housing starts are expected to...
Multifamily property investment environment improves in Q1
Freddie Mac recently released its Apartment Market Investment Index (AIMI) for Q1 2024. The national index was up 8.8 percent in the quarter, indicating improving conditions for multifamily property investment. The improvement was largely due...
RealPage breaks silence in response to allegations of price fixing
RealPage breaks silence in response to allegations of price fixing levied by renters' groups and the U.S. Department of Justice, releasing a statement that tells "the real story."
The statement is a response...
Forecast: multifamily starts lower as interest rates to remain high
Fannie Mae’s May economic forecast calls for multifamily housing starts to decline through the end of 2024 before slowly recovering in 2025 despite persistently high interest rates. Single-family housing starts are expected to rise...
Multifamily housing construction bounces back from May lows
The Census Bureau’s new residential construction report for June stated that multifamily permits, starts, and completions were all up from May’s depressed levels. In addition, revisions to May’s multifamily housing construction data were all...
Tenant protections to be imposed for GSE loans
The Federal Housing Finance Agency (FHFA) has announced tenant protections that will be imposed on all multifamily properties with financing from the Government Sponsored Entities (GSE’s), Fannie Mae and Freddie Mac. The protections will...
Renters agree it’s a bad time to buy
Fannie Mae’s National Housing Survey revealed that 80 percent of renters believe that this is a bad time to buy a home. This is in line with the beliefs of other consumers.
Long term look
The...
Insurance costs lead the rise in multifamily expenses
Insurance costs are leading the rise in multifamily expenses, which abated somewhat in the second half of 2023, but still remain high, while increases in property insurance premiums accelerated throughout the year,...
Surging demand in Q2 2024 helps stabilize occupancy and rent growth
Surging demand in Q2 2024 helps stabilize occupancy and rent growth and narrow the gap between supply and demand, according to RealPage Market Analytics. RealPage market analyst Carl Whittaker thinks this is...
