Yardi reports decline in multifamily rental prices
Latest Yardi Matrix Multifamily Report According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,748 in October, 2024. Year-over-year growth was 0.9%. Yardi says demand remains strong enough to balance the increase in deliveries in most markets. “Through September 2024, 329,000 apartment units have been absorbed, putting the market in […]
Housing Providers’ Brain Games
Brain Games for Housing Providers: Sharpen Your Skills and Succeed Unlock your potential with brain games tailored specifically for housing providers. These activities not only challenge your mind but also improve your cognitive skills, keeping you sharp and focused. By embracing this engaging approach, you can enhance your decision-making, better serve your residents, and effectively […]
The Most Rat-Infested Cities in America – 2024
Orkin’s Top Rattiest Cities List Revealed for 2024 The pest control & rodent removers over at Orkin have released their annual Top 50 Rattiest Cities List for 2024. For the 10th consecutive year, Chicago has secured the number one spot, with Los Angeles and New York following closely in second and third place. Orkin determines […]
The homeownership and rental vacancy rates in the United States for the third quarter of 2024 have been reported.
U.S. Government Reports National Housing Vacancy Rates for Q3, 2024 The U.S. government is reporting that the national vacancy rates for Q3, 2024 were 6.9% for rental housing and 1% for homeowner housing. The national homeownership rate for Q3 2024 was 65.6%. In addition, approximately 89.9% of the housing units in the United States in […]
CoreLogic reports that single-family rental prices remain stable.
CoreLogic Reports Stable Growth in U.S. Single-Family Rental Prices According to the latest CoreLogic Single-Family Rent Index (SFRI), U.S. single-family home rental prices continue to hold steady in June 2024, with prices posting a 2.9% gain year-over-year. In addition they report that rental prices for low-end properties were up 1.9% compared to high-end properties where […]
Yardi Matrix reports that the growth of multifamily rents is currently sluggish.
Latest Yardi Matrix Multifamily Report According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,753 (up $4) in July, 2024. Year-over-year growth was unchanged at 0.8%. Yardi says multifamily growth is weak, but there is some strength. Indeed… “Multifamily rent growth is weak nationally compared to long-term levels, but the […]
Investor Share Rises as Home Sales Plummet to Lowest Levels in Over a Decade
Realtor.com reports that investors have reduced their home buying activity in recent years. However, their latest report shows that investor share has increased despite purchasing fewer homes. The data was obtained by analyzing deed records from January 2000 to March 2024, both nationally and in the 150 largest US metros. The analysis only included single-family […]
For the 12th consecutive year, Americans continue to favor real estate as their top investment choice.
We have shared this information for several years now, and it remains relevant: According to a recent Gallup report, real estate continues to be the preferred long-term investment choice for Americans for the 12th consecutive year. The breakdown shows that 36% prefer real estate, 22% prefer the stock market, 18% prefer gold, 13% prefer CDs/bank […]
How Established Timelines Protect Your Investment
How Established Timelines Protect Your Investment By David Pickron Maybe nowhere does the saying “time is money” apply greater than it does in our industry. For each of us, we are well aware of the expense of having a property sit empty for a month or more, painfully knowing the impact it has on our […]
Yardi Reports that Consistent Absorption is Driving Up Multifamily Rental Rates
The latest Yardi Matrix Multifamily Report reveals that the average U.S. multifamily rent in April 2024 was $1,725. Yardi notes that multifamily rents have increased for the second consecutive month, attributing this trend to robust demand in the market. According to Yardi, although rent growth is moderate, there are several positive indicators in the data. […]