Property Management News
Analysts have predicted that mortgage rates, which are now at their highest level in a year and a half, will result in a shift from a refinance-driven originations market to one that is more purchase loan-oriented. A recent analysis from Black Knight Financial Services shows evidence that the shift is taking place, reporting a decline of approximately 60 percent (from 8.3 million down to 3.3 million) in the number of candidates who would benefit and have the incentive to refinance in the last two months. In addition, CoreLogic Chief Economist Frank Nothaft said the market can expect “a drop in refinance originations in 2017,” due to the higher rates, and “This drop will be at least... Read more
Boston City Council members exposed a long-simmering debate over the digital economy’s impact on the housing market Monday as they began considering regulations on...
As demand for luxury real estate falls in New York, developers are increasingly offering up flashy extras to attract new tenants. That’s particularly the case at...
In recent years, there has been a proliferation of “drive-by lawsuits” involving the Americans with Disabilities Act (“ADA”). Such actions...
Investors have already spent a record $4.5 billion on Valley apartment complexes through November of this year, according to research. If you see a big construction...
The average rental price of a one-bedroom unit dropped last month by five dollars, from $1,042 to $1,037, according to new data from ABODO. Among the major metro markets, Miami saw the greatest rent decrease, with the price of a one-bedroom falling dropping by 11percent to $1,569. Other markets showing rent declines were Minneapolis and Seattle (both registering a nine percent drop), Dallas (down seven percent) and Oakland (down six percent). But not every market registered a decline: Colorado Springs saw the average price of a one-bedroom jump by eight percent to $962. Three California cities also saw rent hikes: Long Beach (up six percent) and Sacramento and San Diego (both up by five... Read more
Energy efficiency in residential apartments is different than in commercial, industrial or other types of structures or facilities. Differences can include the way in...
Retail sales during the weekend from Black Friday through Cyber Monday reached record proportions this year, which is positive news for the apartment market. While there...
NEW YORK CITY – The Obama administration has banned smoking in NYCHA residences and public housing developments nationwide. The Department of Housing and Urban...
New York City housing and finance officials will notify 3,000 landlords this week that they will lose a lucrative property tax break unless they follow procedures aimed...
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