Red tape fuels wildfires
Last summer, my family spent days smelling smoke and seeing thick plumes from the wildfires that surrounded our piece of Arizona. At night, flames licked above the rim of Sycamore Canyon from the Rafael...
Can Biden help housing? White House solution isn’t nearly enough.
At one time or another, every politician—local, state, and federal—promises to help create “affordable housing.” The issue has become especially critical of late with rents and housing prices rising and higher interest rates making...
Prepping for the oncoming rate hikes
At the dawn of 2022, the outlook for multifamily real estate looked as bright as in the year just ending. Industry experts released bullish forecasts and a number of loan specialists spoke on the...
The makers
For the lion’s share of entrepreneurs, business owners and other captains of their own fate, American freedom is an immutable part of our DNA. Lest we forget, freedom is neither engineered nor manufactured, regulated...
Apartment deals find equity investors in a changing environment
Apartment companies need more equity than ever to buy and build for a number of reasons: They are acquiring and developing apartments at record volumes The cost to complete these deals is growing as...
Renters renew at record levels
More apartment renters than ever are choosing to renew leases in the same unit, even as rents jump amidst rapid inflation. At the same time, market-rate renter incomes continue to soar—helping push up affordability...
Two of three private apartment deals off-market
Apartment buyers are turning to off-market transactions more frequently as a way to find opportunities and curb competition. According to Thomas Foley, co-founder and CEO of Archer, two out of three private multifamily transactions...
Returns on SFR tick downward
Average yields on three-bedroom single-family homes (SFR) ticked downward in 72 percent of U.S. counties surveyed leaving the average yield between 5 and 10 percent even as demand for housing spiked across the nation....
U.S. housing market cools
Permits for future U.S. homebuilding tumbled to a five-month low in April, suggesting the housing market was slowing as rising mortgage rates contribute to reduced affordability for entry-level and first-time buyers. But the report from...
Rents set records
New data indicate that rental competition remained relentless in April, as the U.S. median rental price hit a new high for the fourteenth month in a row, according to the May Realtor.com Monthly Rental...
Foreign investors return to U.S. multifamily with $21 B
Foreign investors made up for lost time during the epidemic by investing $21 billion in multifamily properties in the U.S., pivoting their focus away from key coastal cities and toward the Sun Belt and...
L.A. city council plans eminent domain
The Los Angeles City Council has voted to try to buy a 124-unit housing development in Chinatown by exercising the power of eminent domain, in an effort to freeze rent increases by the landlord,...
U.S. Supreme Court decides in favor of property owners
Property owners won a significant victory in the recent case of Pakdel v. San Francisco, in which the U.S. Supreme Court rejected a restrictive view of the “finality requirement,” which generally requires a government...
Bubble trouble?
The Federal Reserve Bank of Dallas identified signs of a “brewing U.S. housing bubble” in March. Though the sharp increase in home prices in itself does not indicate a bubble, the report said, there...
Providers of single-family rental homes are an important part of America’s housing ecosystem
President Biden’s release in May of a “Housing Supply Action Plan” represents a commendable effort to bring much needed quality, affordably-priced housing to communities throughout the country. In taking steps to “ease the burden...
