As economists forecast for 2020, some are already thinking past the next recession
“Economists generally expect will experience a downturn... over the course of 2020 or early 2021,” says Sam Chandan, a trained economist, an associate dean of New York University’s Schack Institute of Real Estate,...
Why business leaders need to understand their algorithms
One of the biggest sources of anxiety about AI is not that it will turn against us, but that we simply cannot understand how it works. The solution to rogue systems that discriminate against...
OK Boomer is just the first salvo of a larger generational showdown
The inscription (above) is reminiscent of another that, according to Newsweek, was unearthed in the Sumerian city of Ur (located in modern-day Iraq and founded in 3800 B.C.), which says, “If the unheard-of actions...
Rental prospects rank top amenities they want in a multifamily property
The option of in-unit laundry left other amenities out to dry—cleaning up as the most in-demand apartment feature that renters seek, with 3 out of 4 prospects preferring a unit with a washer and...
The regulation burden
The Mercatus Center’s RegData project has recently extended its methodology for quantifying the number of regulations and other restrictions imposed by U.S. government agencies down to the state level, where they have data for...
Who will buy 21 million homes? Not I, said gen X.
Who’s going to buy all the boomer’s homes? A recent story in the Wall Street Journal asked who would buy all the baby boomers’ retirement homes as they begin to age into assisted living,...
Blackstone moves out of rental-homes
Blackstone Group Inc. sold the last of its stake in Invitation Homes Inc., the company it created after the housing crisis to scoop up tens of thousands of foreclosed single-family properties from the courthouse...
Record-breaker for multifamily sales volume
In the first nine months of 2019, multifamily sales volume has been higher than during any other comparable period in the past 10 years. Despite concerns about potentially slowing economic growth and new rent control...
How marketers can overcome short-termism
Marketing is all about strategy—or is it? To find out, the August 2019 CMO Survey asked U.S. marketing leaders: “How much time do you spend managing the present versus preparing for the future of...
Is Airbnb’s overhaul a turning point?
It shouldn’t have taken two major incidents of fraud and violence to convince one of the world’s leading travel brands to upgrade their approach to safety and security. Airbnb, the popular online marketplace for lodging...
Virtual tours and live videos give rental prospects intimate access
Matt Weirich devised the concept of a video leasing platform after a painful apartment hunting experience when he graduated from Purdue University and moved more than two hours away to Chicago. Weirich says he...
Making Disparate Impact deliver fairness
HUD’s proposed revisions to our disparate-impact rule enhance our commitment to fairness for everyone. Everyone agrees that discrimination has no place in society. But everyone also agrees that a city should be able to require...
Census releases multifamily housing construction data for October 2019
The Census Bureau released its monthly new residential construction report for October 2019. The report showed a continued surge in the number of building permits issued. Starts were also strong but completions lag for...
HUD awards more than $130 million to provide affordable housing to people with disabilities
The U.S. Department of Housing and Urban Development (HUD) awarded $131.3 million to 325 local public housing authorities across the country to provide affordable housing to approximately 15,363 additional non-elderly persons with disabilities. Secretary...
EIG launches interactive map highlighting innovative Opportunity Zone activity across the country
The Economic Innovation Group (EIG) launched the Opportunity Zones Activity Map, an online portal highlighting some of the most innovative and impactful publicly-announced developments catalyzed in the early stages of this new policy. This...
