Wednesday, November 20, 2024

Trends

High-income millennials and Gen Zers are choosing Class A apartments over home ownership. Is it a lifestyle choice or the economy?

INFOGRAPHIC: A luxury vibe

High-income millennials and Gen Zers are choosing Class A apartments over home ownership. Is it a lifestyle choice or the economy? National Class A rents average $660 to $2,000 below the average monthly mortgage Hospitality-focused apartments Class...
Often considered the slowest growing region in the U.S., the Midwest has recently shown surprising improvements, both in the performance of its multifamily markets and in the resilience of the region’s economy. The outperformance comes amid a volatile economic backdrop—the Midwest’s relative stability is one of the region’s defining features and highlights its importance in any multifamily portfolio.

New metrics make Midwest investment attractive

  Recently, the Midwest has shown surprising growth and economic resilience, making this region an attractive candidate for multifamily development, investment and general interest. Often considered the slowest growing region in the U.S., the Midwest has...
Absorption rates have notably risen from 118,000 units in the first quarter to 166,000 in the second, fostering optimism among industry experts about a potential shift from decelerating fundamentals to a growth phase.

Market set for recovery

The multifamily housing market is showing promising signs of recovery, with recent data from CoStar Group revealing a significant increase in demand and stabilization of vacancy rates. Absorption rates have notably risen from 118,000 units...

Affordability is re-emerging as a tailwind for market-rate apartments.

Affordability is re-emerging as a tailwind for market-rate apartments. One takeaway from data discussed on a RealPage podcast this week is that rent-to-income ratios have returned to pre-pandemic levels, suggesting affordability issues...

Low average renter household size could signal a decoupling in 2024

This year’s average renter household size, based on the number of adult signers on new leases, is at its lowest level since 2016. This low average renter household size could signal a...

Surging demand in Q2 2024 helps stabilize occupancy and rent growth

Surging demand in Q2 2024 helps stabilize occupancy and rent growth and narrow the gap between supply and demand, according to RealPage Market Analytics. RealPage market analyst Carl Whittaker thinks this is...

Homeownership in America remains resilient

Renter nation? Not yet! says data from U.S. Census Bureau that reveals homeownership in America remains resilient. Again, Jay Parsons, head of investment strategy at Madera Residential, punctures narratives with facts, this...

Professionally managed apartments report lower vacancies than the broader market

Professionally managed apartments report lower vacancies than the broader market, according to data from RealPage and the U.S. Census Bureau. Since 2010, the professionally managed segment of the multifamily industry has averaged five...
Empower’s new study found that Americans spend 2.5 hours a day, or 873 hours per year, modern-day window shopping and gazing at dream purchases.

Are you dreamscrolling? Three ways to gain control

Beth Martin may be a designer in Charleston, South Carolina, but, in her head, she is in the south of France, touring a 1700s chateau. Real estate site Zillow is where Martin tends to take...
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