Rents: Page 13

  • Apartment property next to a body of water.
    Image attribution tooltip
    Permission granted by Venterra Realty
    Image attribution tooltip
    Q&A

    Why one executive says revenue growth is unsustainable

    Property values may fall, Venterra Realty’s John Foresi says, but the long-term outlook is still in multifamily’s favor.

    By • Aug. 12, 2022
  • A large glass enclosed balcony with a small sofa, tables and various home decor.
    Image attribution tooltip
    Marcus Lindstrom via Getty Images
    Image attribution tooltip

    Rent growth deceleration picks up steam in July

    Price increases are moderating against a slowing economy, but rents remain high against historic trends, according to Yardi and RealPage.

    By • Aug. 11, 2022
  • a couple looks out over an apartment balcony Explore the Trendlineâž”
    Image attribution tooltip
    skynesher via Getty Images
    Image attribution tooltip
    Trendline

    Resident Retention

    Property managers have a variety of approaches to keep tenants satisfied.

    By Multifamily Dive staff
  • Apartment building with palm trees and a pool in the foreground
    Image attribution tooltip
    Permission granted by Fogelman Properties
    Image attribution tooltip
    Q&A

    Why it’s harder to find value-add properties

    Memphis, Tennessee-based Fogelman Properties has ramped up its buying engine, but it has to look hard to find deals.

    By • Aug. 8, 2022
  • A series of windows and balconies on an apartment building.
    Image attribution tooltip
    Chunyip Wong via Getty Images
    Image attribution tooltip

    Freddie Mac expects multifamily contraction through the end of 2022

    Macroeconomic headwinds include inflation and rising Treasury rates.

    By • Aug. 3, 2022
  • Sen. Raphael Warnock at a podium.
    Image attribution tooltip
    Elijah Nouvelag via Getty Images
    Image attribution tooltip

    Georgia senator introduces legislation to bolster military housing nationwide

    Raphael Warnock proposed a series of bills to address the Basic Allowance for Housing, increase homeownership and build more homes for service members.

    By • Aug. 2, 2022
  • Picture of three-story, brown and white apartments with a pool in the foreground.
    Image attribution tooltip
    Permission granted by Magma Equities
    Image attribution tooltip
    Q&A

    Why one apartment owner is betting on North Carolina

    As Magma Equities secures more deals, it’s able to unearth more buying opportunities.

    By • July 26, 2022
  • Young couple looking for apartment
    Image attribution tooltip
    gremlin via Getty Images
    Image attribution tooltip

    It costs nearly $4,000 to replace a resident when they leave

    Property managers say they must forgo lost rents and give away concessions when a renter departs.

    By • July 19, 2022
  • House model on wood table
    Image attribution tooltip
    sommart via Getty Images
    Image attribution tooltip

    LIHTC expiration affects deeply affordable properties the most

    When income restrictions are removed, units affordable to people making 30% of area median income disappear.

    By • July 19, 2022
  • Image attribution tooltip
    Drew Angerer via Getty Images
    Image attribution tooltip

    Rent hits new highs, but rent growth slows

    Although the rate of rent growth is decelerating, the national average asking rent rose to $1,706 in June, according to Yardi Matrix.

    By • July 18, 2022
  • Overhead view of apartment complex
    Image attribution tooltip
    Permission granted by Trion Properties
    Image attribution tooltip
    Q&A

    One owner sits at 99.5% occupancy at some properties in Miami

    Seeing strong fundamentals, Trion Properties is still buying despite capital market volatility.

    By • July 15, 2022
  • low-rise red apartment building
    Image attribution tooltip
    Andrey Sayfutdinov via Getty Images
    Image attribution tooltip

    After leaving the tax credit program, many properties see modest rent increases

    Generally, former Low-Income Housing Tax Credit apartment communities remain affordable to those making 60% of AMI, according to Freddie Mac.

    By • July 12, 2022
  • A modern, mid-rise apartment building with a blue and yellow paneled exterior.
    Image attribution tooltip
    Sundry Photography via Getty Images
    Image attribution tooltip
    Q&A

    RealPage economist: Rent growth likely to moderate in the second half of 2022

    Current growth rates are not sustainable in the long term, according to Jay Parsons.

    By • July 8, 2022
  • A brown and white brick apartment building with a water fountain and cars parked in front.
    Image attribution tooltip
    Mary Salmonsen/Multifamily Dive
    Image attribution tooltip

    Equity Residential to pay $2M in Washington, D.C., 'rent hike scam' case

    The lawsuit from the district’s attorney general alleged that the company had leased rent-controlled units at an undisclosed discount, then raised rents based on the actual rate.

    By • July 8, 2022
  • Sleeping pods
    Image attribution tooltip
    Permission granted by Brownstone
    Image attribution tooltip

    Sleeping pods: coming to a high-rent neighborhood near you?

    The controversial concept that’s catching on in California could be a dystopian fantasy or a solution to the country’s severe housing shortage.

    By Robyn Griggs Lawrence • July 6, 2022
  • the notice of eviction of tenants hangs on the door of the house, front view
    Image attribution tooltip
    Vyacheslav Dumchev via Getty Images
    Image attribution tooltip

    15% of Americans behind on rent payments

    1.2 million are at risk of eviction, according to the latest Census data, but market-rate property owners say their tenants aren’t feeling the pain – yet.

    By • July 5, 2022
  • Apartment for rent sign
    Image attribution tooltip
    Blacqbook via Getty Images
    Image attribution tooltip

    Is this the peak? Apartment rents hit all-time high as growth slows

    “Record numbers are never sustainable,” one multifamily market watcher said. 

    By • June 28, 2022
  • Providence at Memorial apartments
    Image attribution tooltip
    Permission granted by Nitya Capital
    Image attribution tooltip
    Q&A

    Why one Houston-based owner decided to sell

    Swapnil Agarwal traded out of properties in his hometown but bought deals in other markets and asset classes.

    By • June 28, 2022
  • Vacancy sign
    Image attribution tooltip
    Pgiam via Getty Images
    Image attribution tooltip

    After bottoming out, vacancies slowly tick up

    Despite more apartments being available, the market remains historically tight.

    By • June 27, 2022
  • Image attribution tooltip
    Joe Raedle via Getty Images
    Image attribution tooltip

    YIMBYs add new twist to local zoning, development battles

    Groups dedicated to pushing for affordable housing policies are coming into their own.

    By Robyn Griggs Lawrence • June 24, 2022
  • Image attribution tooltip
    Permission granted by Evergreen Real Estate Group
    Image attribution tooltip
    Q&A

    Pandemic, interest rates create pressure for affordable managers

    Higher borrowing rates, combined with increased labor and materials costs, are forcing managers to operate more efficiently.

    By • June 24, 2022
  • pedestrian, apartment for rent
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    The new drivers of apartment demand

    Migration and reopened economies helped propel rent growth 10% beyond wages in the past year.

    By • June 22, 2022
  • hand is writing with a pen on a rental agreement document, house keys in the background,
    Image attribution tooltip
    fermate via Getty Images
    Image attribution tooltip

    Renters are staying in their apartments longer, paying more

    Residents are renewing their leases, despite an average rent increase of 10%.

    By • June 21, 2022
  • Image attribution tooltip
    Joe Raedle via Getty Images
    Image attribution tooltip

    Housing activists work to move the needle on affordability

    In communities across the country, local groups aim to shed light on the housing crisis while fighting against the NIMBY movement.

    By Robyn Griggs Lawrence • June 15, 2022
  • Soo Line, Village Green
    Image attribution tooltip
    Permission granted by Village Green
    Image attribution tooltip
    Q&A

    How rising cap rates could put pressure on managers

    Owners could expect more from their managers as rapid property appreciation declines.

    By • June 15, 2022
  • affordable housing protest
    Image attribution tooltip
    Joe Raedle via Getty Images
    Image attribution tooltip

    YIMBY: The making of a movement

    Yes, In My Backyard groups have formed in communities across the country to fight zoning and development practices that make housing less affordable.

    By Robyn Griggs Lawrence • June 13, 2022