Property Management News
A new report from Cotality reveals that investment homebuyers frequently overbid by up to 4.3% per property, often pay in cash, close quickly and are more likely to waive contingencies. On a median-priced home of $405,000, that overbid amounts to more than $17,000 extra, the report noted. These aggressive tactics make it harder for non-investors—particularly first-time buyers—to compete, effectively locking them out of the housing market and leaving them in the rising rental market. Since 2020, the average age of a first-time homebuyer has increased by five years, reaching 38, according to Cotality. Despite high home prices, investor appetite for residential real estate has... Read more
Imagine living in (or renting out) an apartment where rent doesn’t jump hundreds of dollars each year. The price stays steady, the lease keeps renewing, and tenants...
Homeownership may still be the American Dream, but for many younger buyers, that dream is increasingly being put on the back burner. A recent survey of more than 2,000...
Student renters make up a small but significant slice of the renter population. Compared to adults in full-time employment, students are much more likely to rent. And...
Key Takeaways US average multifamily rent fell by $6 to $1,750, the largest September drop since 2009 and the worst monthly decline since late 2022. A glut of new...
Apartment rents slipped for the first time since the Great Recession, signaling a cooling market driven by oversupply. Developers are pulling back—but economists warn the pause won’t last. Richard Lawson explores how and why. The Great Absorption For the first time since the Great Recession, U.S. apartment rents fell during the third quarter, a period typically marked by strong seasonal demand. Average apartment rents across the country dipped .28% in the quarter, slipping into negative territory after anemic rent growth through the year, according to data analytics company RealPage. Rent growth was last negative in the third quarter of 2009. Counter-intuitively, absorption rates have... Read more
When you purchase a duplex, triplex, or other investment, there is a crucial question you need to answer: “Should I live on the property?” If this is your...
After more than two years of discussion and debate, the Los Angeles City Council voted Wednesday to significantly lower annual rent increases in most of the city’s...
Imagine having a $2,400 monthly mortgage payment, but only paying $600 out of pocket. The other three bedrooms? They’re covering the rest—plus utilities, plus...
New York City homeowners can now apply to add basement, attic, and backyard apartments to their existing properties. On Tuesday, the city launched an applications...
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