News & Trends

This department of Rental Housing Journal is dedicating to keeping apartment owners, multifamily executives, real estate investors, landlords and other real estate professionals up to date with the latest trends in real estate, property management and more. Here you will find trends in rents, real estate sales, apartment development, the economy at large and property management and investing industry matters.

real estate market trends
Thu
23
Mar
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The 10 Best Counties For Renting Single-Family Homes To Millennials

Top 10 counties for rentals to millennials of single-family homes

A new report has identified and ranked the 10 best counties for renting single-family homes to millennials.

 ATTOM Date Solutions first-quarter 2017 Single Family Rental Market report, which ranks the best U.S. markets for buying single family rental properties in 2017, shows the best millennial single-family markets are in Detroit, Kansas City, Oklahoma City and Duluth, Minnesta.

In all 10 counties, the millennial share of the population increased at least 5 percent between 2014 and 2015 — the most recent data available from the Census Bureau — and millennials accounted for at least 20 percent of the total population in 2015.

Sun
19
Mar
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What Can We Expect From the Portland Real Estate Market in 2017?

Portland Real Estate 2017

What Can We Expect From the Portland Real Estate Market in 2017?

Anyone who has looked for a home in the Portland metro area recently knows the reality: It’s a busy, fascinating, crazy market. A list price is often just a starting point. Writing letters to sellers hoping they choose you to buy their home has become popular – and sometimes even necessary. Bidding wars are common, and homes in some neighborhood areas receive multiple offers the first weekend they are on the market, sometimes in all-cash deals.

Fri
17
Mar
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Property Management Ranks No. 14 In Worst Paying Jobs For Women

Property management ranks No. 14 in worst paying jobs for women

Property management jobs ranked No. 14 among the worst paying jobs for women, according to a release from 24/7Wall St.com.

The website reviewed female weekly earnings as a percentage of male weekly earnings in full-time wage and salary jobs using data from the Bureau of Labor statistics to identify the 20 worst paying jobs for women in America.

The 20 jobs with the lowest pay equity between men and women range from first-line supervisors of food preparation and serving workers, a job in which the typical woman earns 72.8% of male earnings, to personal financial advisors, a job in which women earn 55.6% of what men in the same job are paid. For reference, women across all such occupations earn 81.9% of male earnings, according to the report.

Thu
16
Mar
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Sacramento, Portland, Seattle Grow While National Rents Flatten

Rents increase in key West Coast metros Yardi says while national rents flatten

Year-over-year rents in metros such as Sacramento, Seattle and Portland rose during February, while most of the largest U.S. metros are reverting to flat or modest growth, according to the latest report in a release from Yardi Matrix.

Joining Seattle, Portland, Sacramento and the Inland Empire as year-over-year rent growth leaders in February were Phoenix and Los Angeles.

The anticipated deceleration in rents was expected as national rents held at an average of $1,306. However multifamily fundamentals remain strong, the February report says.

Such deceleration “is not unexpected or a sign of long-term weakness in the sector,” the report says, noting that household formation and occupancy rates are expected to remain robust in 2017.

Looking ahead, the major unknown is how the economy will perform for the remainder of the year.

Tue
07
Mar
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Survey On Home Buying By Gen X, Millennials And Boomers

Survey on home buying by the National Association of Realtors

An improving economy, multiple years of strong job growth and the notable increase in home values in most markets fueled a greater share of home buying from Generation X households over the past year, according to a new survey on home buying from the National Association of Realtors.

The National Association of Realtors 2017 Home Buyer and Seller Generational Trends study, which evaluates the generational differences of recent home buyers and sellers, found:

Thu
02
Mar
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Multifamily Housing Leader Plans $1.75 Million In Philanthropy For 2017

Avalon Bay plans $1.75 million for non-profits in communities where they have apartments such as this one in southern california. https://www.avaloncommunities.com/california

A company that owns more than 80,000 apartment homes in ten states plans to contribute $1.75 million in cash and in-kind support in 2017 to help non-profit organizations focused on providing affordable housing in local markets where the company does business, according to a release.

AvalonBay Communities, Inc.  2017 philanthropic plan will provide “support to advance the missions of non-profit organizations focused on providing affordable housing and supporting the disadvantaged in the local markets where the company does business,” according to the release.

 The plan includes a third contribution of $250,000 toward a four-year $1 million commitment to the American Red Cross to further its purpose of helping those in need during times of natural and human disasters.

Wed
01
Mar
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ManagInc Launches the Apartment Industry's First Corporate Social Responsibility Platform

ManagInc Launches the Apartment Industry's First Corporate Social Responsibility Platform

ManagInc Launches the Apartment Industry's First Corporate Social Responsibility Platform

SatisFacts founder and industry veteran Doug Miller creates corporate social responsibility solution

BALTIMOREManagInc, founded by industry innovator Doug Miller, today announced the launch of the multifamily industry’s first-ever corporate social responsibility platform. ManagInc guides property management companies in the development of world-class CSR rooted cultures designed to not only give back to the neighborhoods they serve, but also to create work and living environments that inspire current and prospective associates and residents.

Tue
28
Feb
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Community Leaders Join In Grand Opening of Indigo Apartment Homes 

Apartment homes grand opening in California

Community leaders joined an apartment management company in the grand opening of a new 10-story luxury apartment homes community of 463 units in Redwood City, California, 25 miles southeast of San Francisco, according to a release.

Apartment Investment and Management Company (Aimco) is the owner and manager of the Indigo Apartment Homes community it acquired for $320 million and partnered with developer PAULS Corporation.

The first residents moved into their new homes in July and the community is currently 80 percent leased.

"We are thrilled to mark the grand opening of Indigo and its expansion of Aimco's investment in the Bay area,"  Aimco Chief Investment Officer John Bezzant, said in the release.

Wed
22
Feb
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Existing Home Sales Jump In January To 10-Year High

Existing home sales in January jump to 10-year high

Existing home sales stepped out to a fast start in 2017, surpassing a recent cyclical high and increasing in January to the fastest pace in almost a decade, according to a release.

The National Association of Realtors (NAR) said in the release that all major regions except for the Midwest saw sales gains last month.

"Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home," Lawrence Yun, NAR chief economist, said in the release.

 "Market challenges remain, but the housing market is off to a prosperous start as homebuyers staved off inventory levels that are far from adequate and deteriorating affordability conditions," Yun said in the release.

Tue
21
Feb
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DocuSign Launches Electronic Payments To Sign and Pay 

DocuSign launches electronic payments

Apartment managers can now have tenants sign a lease and pay at the same time with a new program DocuSign has launched to collect electronic payments at the same time it collects digital signatures, according to a release.

At launch – via the partnership with global payments platform Stripe – users can DocuSign and pay using Android Pay, Apple Pay or any major credit card. DocuSign will continue to integrate new electronic payments partners – including Authorize.Net, Braintree and PayPal – in the coming months. Automated clearing house (ACH) payments, recurring payments and other functionality are expected to be available later this year.

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