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
Mon
16
Jul
The Editors's picture

Topless Woman Charged For Apartment Damage With Front End Loader

Topless Woman Charged For Apartment Damage With Front End Loader

The topless woman who drove a stolen front end loader into a Montana apartment complex has been charged with four felonies and two misdemeanors after doing $1,600 in damage to the apartment complex, according to reports.

Officers detained the woman at the scene and interviewed a witness who stated the front end loader crashed into his upstairs window and the woman, who lived in the upstairs apartment next door, climbed into her own upstairs apartment from the front end loader, grabbed some clothes and was trying to leave before officers arrived, according to the Great Falls Tribune.

Mon
09
Jul
The Editors's picture

44 Percent Of Workers Would Quit For Better Pay

44 Percent Of Workers Would Quit For Better Pay

New research from staffing firm OfficeTeam, a Robert Half company, says more than two in five professional office workers, 44 percent, said they'd leave their current job for one with better pay.

Whatever the reason for leaving, employees should have a good exit plan when parting ways with a company. In a separate survey of HR managers, 83 percent said the way someone quits affects their future career opportunities.

 

More women would resign for better pay than men

In terms of gender, 47 percent of women would resign if offered more money elsewhere, compared to 40 percent of men.

Among professionals in the 28 U.S. cities surveyed, those in Des Moines, Cleveland, Philadelphia and Salt Lake City are most attracted by a bigger salary.

Fri
06
Jul
The Editors's picture

Rents Upsurge Of 2.9 Percent Nationwide In June

Rents Upsurge Of 2.9 Percent Nationwide In June

Renters are paying an average of $40 more per month than a year ago as June rents brought an upsurge of 2.9 percent in national average rents, according to RENTCafe.com, based on Yardi Matrix data.

The national average rent reached the all-time high of $1,405.

 

Mon
02
Jul
The Editors's picture

Prices Rising Fastest For Two-Bedroom And Three-Bedroom Apartments

Prices are rising the fastest for two-bedroom and three-bedroom apartments, according to a new rent report, and tenants should expect to see higher prices this summer than last.

Prices are rising the fastest for two-bedroom and three-bedroom apartments, according to a new rent report, and tenants should expect to see higher prices this summer than last.

Rent among two and three-bedroom homes is appreciating slightly faster than one-bedroom homes in U.S. metros with more new apartment construction, according to a release from the Zillow affiliate HotPads® Rent Reporti.

Tue
26
Jun
The Editors's picture

Potential Regional Multifamily Supply Overload In Key U.S. Housing Markets

Potential Regional Multifamily Supply Overload In Key U.S. Housing Markets

Outsize multifamily deliveries and development activity in some major metros could increase vacancy rates and stagnate rent growth, according to a new report by Yardi® Matrix focusing on regional multifamily supply in some key U.S. housing markets.

Yardi Matrix conducted a study to determine which areas might be at risk of oversupply or undersupply over the next five years.

The research revealed that deliveries in 2016 and 2017 helped compensate for the construction shortage in the wake of the great recession.

Mon
18
Jun
John Triplett's picture

Property Managers Challenged By Tenants Thin, Limited Credit History

Property Managers Challenged By Tenants Thin, Limited Credit History

Property managers have a lot of balls in the air and many problems to deal with, but potential renters with thin, limited credit history is one of the bigger issues.

In a survey across all geographic areas of the country conducted by MMR Research Associates, Inc. earlier this year on behalf of Equifax, the company received feedback from nearly 200 nationally-based landlords and property managers of varying size apartments.

Respondents were asked about the pain points they experience in areas such as screening processes and online payments and how they rank them on level of importance.

Mon
18
Jun
admin's picture

Potential Renters Pass On Apartments Because Of No Time To See Them

Potential Renters Pass On Apartments Because Of No Time To See Them

Nearly 40 percent of potential renters passed on an apartment because they could not find time to see it, according to a survey by a company that does online tours.

While over 40 percent of U.S. adults have searched for an apartment in the last two years, four in 10 have passed on an apartment because they couldn’t find time to see it, according to a recent survey conducted by Zogby Analytics and commissioned by tour24

Another 27 percent prefer to take a self-guided tour with no leasing agent.

Leasing agents did not show up

The survey also shows:

Tue
12
Jun
John Triplett's picture

What Is The No. 1 Reason Renters Move?

Jobs are the No. 1 reason renters move

Jobs in locations with strong economies are the main reason renters move, according to a survey of more than 10,000 renters from across the country.

Sydney Bennett, Senior Research Associate at Apartment List, said in an interview the company decided to do the research because, “We're a rental platform. We're kind of helping people move all the time, and we got curious. We wanted to talk to our renters and better understand when they're making these moves.

“Moving to a new state, or even a new city across the state can be a big life change, and we wanted to know if they're moving because they had a job offer there that kind of retracted them away from their current city? Or, if it was because they're ready for a change, and they just kicked up and decided on a new city and started looking for jobs there,” Bennett said.

Mon
11
Jun
The Editors's picture

Millennial Loans To Buy New Homes Increase Steadily

Millennial Loans To Buy New Homes Increase Steadily

Millennial homebuyers across the country continued to pursue the limited housing inventory available despite rising interest rates in April, as millennial loans rose to highest level since May 2017, according to a release from Ellie Mae.

Eighty-nine percent (89 percent) of mortgage loans made to Millennial borrowers during the month were for new home purchases, up one percentage point from the month prior, and the highest percentage since May 2017.

Mon
11
Jun
The Editors's picture

Company Breaks Ground On New Affordable Apartments In Salt Lake City

Company Breaks Ground On New Affordable Apartments In Salt Lake City

A Utah company has broken ground on a new mixed-use, affordable apartments in Salt Lake City, according to a release.

J. Fisher Companies, a Utah-based fully integrated real estate firm, gathered with Millcreek city officials and community partners to celebrate the groundbreaking of Moda Meadowbrook in Millcreek, Utah.

"The Moda Meadowbrook groundbreaking was an exciting event for our companies,”   Owen Fisher, CEO, J.Fisher Companies, said in the release.

“We have spent a lot of time working with local city officials and national partners and consultants putting this project together.  It has been a huge success so far and having representatives from all of these organizations attend the event was a tribute to what is to come," he said.

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