Multifamily distress logs largest increase in 18 months
The multifamily distress anticipated last year is finally starting to materialize. Although multifamily loan defaults remain relatively low, the multifamily distress rate rose as lenders push maturities forward, wrote Yardi Matrix in...
Building more luxury apartments lowers rent for all classes
One of ten unintended consequences of rent control, according to the National Apartment Association, is that it reduces developers’ incentives to build new rental housing. Rent control has proven to backfire on...
Yardi matrix reports strong student housing preleasing activity
Yardi Matrix reports strong student housing preleasing in its most recent Yardi Matrix National Student Housing Report. The off-campus student housing sector continues to post solid fundamentals, beating out last year’s preleasing rate...
Least and most affordable cities for single renters
According to a new study from New York-based listing service RentHop, single renters are faced with widely varying housing burdens dependent on the median rent and income in a given area. Of...
NMHC survey reveals rise in rental fraud
A recent survey of rental housing providers by the National Multifamily Housing Council found that rental application, financial and identity fraud are increasing throughout the nation, fueled by social media platforms that...
Office-to-apartment conversions gather steam
Office-to-apartment conversions gather steam as developers seek adaptive reuse as a way to fix pandemic-related problems in the office market. Adaptive reuse of office buildings has become so popular, CoStar dubbed 2023...
Fannie Mae predicts instability and cloudy skies in 2024
Fannie Mae issued a multifamily market forecast this month predicting instability and cloudy skies in 2024. “Our prediction of turbulence in the multifamily market last year was correct, and it appears that it...
Class B is the place to be, say analysts
Class B apartment properties outperformed their luxury siblings in 2023, and most analysts expect they will continue outperforming in 2024. Berkadia concluded that data published in a December 2023 report entitled, “Is...
Zumper declares renters’ market
Zumper, one of the nation’s largest rental platforms, declared a renters’ market in its most recent National Rent Report. Easing inflation, slowing migration and a record number of new apartment deliveries are...
Renewed consumer confidence boosts apartment demand
As 2023 comes to a close and inflation eases a bit, consumer confidence has rebounded, according to two December surveys. Renewed consumer confidence is boosting apartment demand in markets across the nation....
SFR industry unjustly targeted in the housing affordability crisis
Hedge funds and private equity investors are the latest culprits in the nation's lack of affordable housing, say lawmakers. But housing experts provide evidence that the SFR industry is being unjustly targeted...
Multifamily fundamentals are strong in 2024, despite uncertainties
The 2024 apartment market forecasts are in and despite twists, turns and uncertainties, multifamily fundamentals are strong. In December, the Apartment List Research Team released its Seven Predictions for the 2024 Rental...
