Property Management News
With U.S. apartment supply hitting record levels, four of the nation’s largest markets also saw peak volumes delivered in the past year. The U.S. apartment market hit another supply milestone in 2nd quarter, when annual completions reached over 376,000 units, the biggest volume delivered since RealPage Market Analytics began tracking the market in the early 1990s. Recent deliveries increased the existing unit base by 2%. While most of the nation’s largest apartment markets have seen a similar surge in construction activity in recent years, four of the top 50 stand out for hitting all-time high supply volumes in the year-ending 2nd quarter. With the South making up a sizable portion... Read more
In almost a dozen U.S. cities, not even some residents earning six figures can comfortably afford rent, according to new analysis. Renters in the country’s 11...
U.S. multifamily rents have slipped since record highs about a year ago, but still remain relatively high despite an influx of new supply, according to a new report...
New-lease rents expected to fall from year-ago levels Tenants have been at the mercy of landlords — and each other, as they compete for apartments — since the...
Some Los Angeles tenants who didn’t pay rent during the pandemic could be facing eviction in August Payments missed between Mar. 1, 2020 and Sept. 30, 2021 are due on...
Renters might want to take cover—because rental prices are falling. For the first time since 2020, landlords asked for less than they did a year earlier. Prices nationally dipped 0.5% year over year in May to a median of $1,739 a month in the 50 largest metropolitan areas, according to a recent report from Realtor.com®. Rents fell $38 from the peak in prices last July. “The biggest takeaway is it’s a great relief for renters who have faced financial hardships over the years,” says Realtor.com economist Jiayi Xu. “It opens doors for renters who want to move to new places to explore job opportunities, but haven’t wanted to do so because of high relocation... Read more
A number of market participants agree that activity is on the upswing despite the current low transaction numbers. As the Federal Reserve nears the end of its...
Two of the biggest multifamily associations are supporting a bipartisan bill in Congress aimed at attracting more private landlords to participate in the Section...
Three major rental platforms will start showing extra monthly fees that can surprise tenants — and add up to make a place less affordable than it first seemed. These...
Rents are set to fall even more this year, which could be the key to getting the economy back on track. With inflation slowing down, renters may be in for more relief...
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