Young hires of 2023 ill-prepared
The effect of years of remote learning during the pandemic is gumming up workplaces around the country. It is one reason professional service jobs are going unfilled and goods aren’t making it to market....
American Homes 4 Rent, Invitation Homes strike separate expansion deals
For all the concerns about the rental housing business, American Homes 4 Rent and Invitation Homes are expanding.
Single-family home rental REIT American Homes announced in the course of its Q2 2023 earnings results a...
A changing housing market has led to the rise of “attainable” housing brands
It’s no secret that housing costs have gone up in the last few decades—a lot. Buying a home has become extremely expensive in many cities around the country, and with ongoing high interest rates,...
FHA increases threshold for large multifamily loans
The Federal Housing Administration (FHA) has increased the threshold at which a multifamily loan is considered a large loan from $75 million to $120 million.
This is the first increase in the threshold since 2014...
Housing’s recession already happened?
A lot of people still expect the U.S. to fall into a recession. But for the housing market, the recession could already be in the rearview mirror.
Builders are sounding less downbeat than they were...
Rent control renaissance
Failed attempts to implement rent control remind us there is really only one way to lower housing prices when there is a shortage: build more housing.
If one needed any more proof that rent control...
Making it to morning
“Tell us about the American miracle,” someone yelled breaking the crowd’s silence.
It was 1981. The event was an international economic summit in Canada, and America was firing on all cylinders. The country was entering...
Hope and uncertainty
Better times might be just around the corner for apartment investors stressed by the highest interest rates in years.
Or interest rates could easily keep rising as federal officials try to smother price inflation.
The uncertainty...
The great setting of expectations
Good customer service begins with onboarding. Studies have shown that residents who are satisfied at move-in tend to remain satisfied through renewal and those who are unsatisfied tend not to renew.
But resident onboarding is...
Hard habit to break: eviction moratoriums
A handful of California cities are still enforcing laws that protect tenants from eviction or rent increases, extending pandemic-era policies that most of the country wound down more than a year ago.
The San Francisco...
The road to $1T
American credit card debt remains at record-breaking heights according to fresh government data as consumers turn to plastic amid stubbornly high prices on everyday items and housing.
U.S. credit card debt was $986 billion in...
Summer of blackouts
Two-thirds of North America could face power shortages this summer during periods of extreme electricity demand and spiking temperatures, the nation’s grid reliability monitor warned in May.
The North American Electric Reliability Corp. (NERC) found...
Marketing must haves
As a property management company (PMC) it’s essential to ensure you’re making the most of your localized marketing efforts. PMCs face the challenge of marketing for the corporate entity while also finding ways to...
19 big errors to avoid in social media management
When companies decide it’s time to up their social media game, they have to figure out a way to manage the work that entails.
Some businesses lean on their marketing team or interns to handle...
Second act
Playhouse Square Foundation is beginning work to convert half of the Bulkley Building in downtown Cleveland into market-rate apartments.
Playhouse Square is converting four of the nine floors into 84 apartments, with a portion available...
