Property Management News
Rising wages helped to boost housing affordability in the first quarter, even as interest rates rose. The National Association of Home Builders (NAHB) said its NAHB/Wells Fargo Housing Opportunity Index indicates that 60.3 percent of new and existing homes that sold nationwide between the beginning of January and end of March were affordable to families earning the U.S. median income of $68,000. In the fourth quarter of 2016 59.9 percent of U.S. homes met that criteria. NAHB said moderating home prices also played a role in the increased affordability. The national median home price fell to $245,000 compared to $250,000 in the final quarter of 2016, helping to offset the near half-point... Read more
Over the last decade, Long Island City, Queens, has become a refuge for Manhattan professionals who want a short commute and an apartment in an amenity-laden high-rise,...
Today’s housing market is more competitive than ever, but investors are still pouring in. Interest rates remain remarkably low, which makes financing an investment...
Across all demographics, American home ownership is at 63 percent — the lowest rate in more than five decades. Among millennials, the largest generation since...
Racial disparities in subsidized housing — which once saw poor black families overwhelmingly housed in large public developments — have essentially disappeared after...
U.S. multifamily rents increased slightly in April, though the pace of rent growth continued to decelerate in response to new supply. Apartment rents averaged a $3 gain up to $1,314 month-to-month across the country, according to Yardi Matrix’s monthly survey of 121 markets. On a year-to-year basis, rents rose 2% nationwide, reflecting a 5.5% drop in the average growth rate as rents return to their normal growth levels. “As we have said for months, the deceleration is expected, given the rapid increase in supply and the inevitable return to growth that is more in line with income gains,” Yardi reports. The rent-to-income imbalance has been a big problem in recent... Read more
Oregon Governor Kate Brown this month signed a bill that prohibits marijuana retailers from keeping or sharing customer’s personal information. According to...
While multifamily remains one of the most desirable asset classes to finance, a number of new factors have emerged that are making it more challenging to secure...
Say goodbye to tennis courts and drab, windowless fitness centers. Say hello to color-splashed clubhouses with open floorplans, high-end coffee bars, and outdoor...
Nobody can dispute that the housing market has come back, despite the doomsday case laid out by some economists after it peaked in 2006, then crashed in the Great...
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