Friday, September 29, 2023

Article

Resident retention issues spark new strategies

The number of people looking for an apartment this year has returned to a more normal pattern from the high rent, high occupancy days of 2022, according to RealPage Analytics. “Demand for apartments appears to...

Opportunities in ULI’s real estate economic forecast

Demand for apartments is likely to stay relatively strong. At the same time prices are likely to fall for all types of real estate property, according to the March 2023 edition of the Urban...

Weathering the perfect supply storm

The theme of multifamily industry reports this year has centered around uncertainty, but seasoned apartment developers, investors and analysts believe the sector is well positioned to weather economic storms. They call what some see as...

Supreme Court urged to step in on NYC’s rent-control laws

The Supreme Court is considering a petition to hear a case that challenges New York City’s rent stabilization law as pressure builds from stakeholders who say the law infringes on the rights of property...

Navigating multifamily risk

A new report from Yardi Matrix has highlighted rent growth and high supply amid low sales and price declines. Real estate is a lot like the weather: A momentary appearance of sunshine usually hides a...

L.A. owners sue over COVID-era restrictions

Apartment owners are suing the City of Los Angeles for keeping in place its emergency ban on rent increases first implemented at the start of the COVID-19 pandemic. In a lawsuit filed at the end...

Crushing property insurance hurting apartment deals

The lack of affordable insurance options for property owners of all types increasingly puts needed insurance coverage out of reach and limits the ability of property owners to make needed investments in their properties. As...

Property conversions: Will today’s office vacancies become tomorrow’s WFH locations?

New government incentives and shifting market dynamics could make it worth U.S. real estate owners’ time—and money—to move forward with office-to-residential conversion projects. With the shift to hybrid work models, there is much more unused...

Complaint: not renting to people with past evictions is illegal

HOPE Fair Housing Center argues in a new federal complaint that an Illinois landlord’s blanket refusal to rent to people with eviction records amounts to illegal sex and race discrimination. A taxpayer-funded fair housing nonprofit...

Rental fees new target for White House

The Biden administration recently announced a new component of its war on junk fees, curbing rental fees that officials assert are exacerbating housing affordability challenges. The White House plans to focus on repeated rental application...

SFR Housing market institutional freeze

Just as national home prices were bottoming in early 2012 following the crash that started in 2007, institutional buyer Invitation Homes (owned by Blackstone at the time) was entering the U.S. housing market and...

Public Storage to acquire Simply Self Storage for $2.2 billion

Self-storage operator Public Storage has moved to buy Simply Self Storage from Blackstone Real Estate Income Trust for $2.2 billion. Demand for storage space has waned from the heights of the pandemic as people...

Fitch downgrades U.S. credit rating

Fitch Ratings downgraded the U.S. government’s credit rating weeks after President Biden and congressional Republicans came to the brink of a historic default, warning about the growing debt burden and political dysfunction in Washington. The...

Groups urge Supreme Court to overrule pro-bureaucracy rule that aids administrative state

Limited-government advocates are urging the Supreme Court to overrule “Chevron deference,” a bureaucracy-empowering legal doctrine they say has distorted the U.S. system of government for decades at the expense of everyday citizens. The court’s ruling...

Incandescent bulbs banned (again)

The Biden Administration has implemented a ban on incandescent light bulbs in favor of energy-efficient bulbs, following a years-long bipartisan effort to phase out the bulbs after earlier regulations and standards were blocked by...
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