Sunday, November 24, 2024

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America’s biggest cities have 5.5 million empty homes

While the housing market is historically tight and seemingly less affordable by the day, the largest U.S. cities have a surprisingly large stock of vacant homes. LendingTree analyzed and ranked the latest U.S. Census Bureau...

Why we shouldn’t fear AI destroying hundreds of millions of jobs

Workers, entrepreneurs, and companies should explore ways to incorporate artificial intelligence into their workflows and businesses—and give the job displacement fears a rest. I recently saw a quote on Facebook attributed to Sigmund Freud that...

Year of the e-bike

Electric bikes are gaining momentum fast. Why—and how—cities and states are helping more consumers get on board. In the quest to electrify the transportation sector, some state and city leaders see the future arriving not...
Toronto’s Cloverdale Square Shopping Mall rehab

Empty offices, troubled malls become new “15-Minute Cities”

At ULI’s Spring Meeting apartment experts found new solutions and opportunities to build—even in uncertain times. A questionable economy and high-interest rates are not stopping apartment developers from making new plans to transform communities. “We keep...
Star Apartments

Make your own luck

Rumors of America’s death have been greatly exaggerated. The proverbial lucky fool—these United States of America—has proven itself replete with those things that truly matter—an innovative, hard-working citizenry, a self-correcting Constitution and a land...

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...
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