Property Management News
The dynamics of individual apartment markets can often change significantly as time passes. Tremendous shifts have occurred in the past year in markets such as the San Francisco Bay Area, New York and Austin on the downward side, and Riverside, Las Vegas and Detroit on the upward side, according to Axiometrics apartment data. Changes can also be found in smaller metros, seven of which were highlighted in last July’s article “7 Under the Radar Apartment Markets.” Given the changing dynamics of the market throughout the latter half of 2016 into 2017, we revisit our initial discussion on these cities, this time from more of an operator’s perspective. Source: Axiometrics Ann Arbor,... Read more
Dive Brief: Apartment rents across the U.S. continued to edge higher in February as an uptick in some central and southern markets offset ongoing price drops in some of...
Is Real Estate the sleeper sector of 2017? Yes, it is. Reason #1: Millennials Reason #2: Rising Interest Rates (yes, “rising” rates!) Reason #3: Economic...
Ah, baby boomers and millennials – could they be more different? The former are in or nearing retirement, while the other group is ambitiously rising in the...
Innovations in university housing set the bar high. As these college graduates enter the rental market, they’ve been primed to expect a similar level of sophistication...
The good news for renters is that landlords today are less likely to raise the rent by a lot. The bad news is, rents are still high and unlikely to fall anytime soon. As with all real estate, though, rents are local, and some unexpected markets are heating up, while some hot ones are cooling off. Austin, Texas, for example, is one of the most affordable rental markets in the nation, even though home prices there are rising fast. The reason is that job and wage growth are strong in the new tech hub, and rents are still comparatively low. It would take just 23 percent of the average resident’s monthly household income to pay the average monthly rent, according to a new study by... Read more
BROOKLYN – A developer in an asthma-ridden section of the South Bronx noticed something unusual about one of their smoke-free, eco-friendly affordable housing...
Dive Brief: The U.S. homeownership rate rose slightly to 63.7% in the fourth quarter from 63.5% in the previous quarter and is roughly on par with the same period a...
Workers are building a new community of micro-apartments in Austin, Texas. The 138 units at Indie Apartments will range from 350-sq.-ft. studios to 520-sq.-ft....
Real estate industry veterans and public policy pros came together at the National Multifamily Housing Conference’s annual meeting to discuss the impact of the...
Accessibility