Property Management News
Key Points While rent prices for apartment buildings are flattening out because of a supply increase, single-family rentals did not see that same level of construction. That dynamic has kept available supply of single-family rentals low, and prices higher. “Single family rentals are detached homes, perhaps with a yard,” said Jessica Lautz, deputy chief economist at the National Association of Realtors. Renters looking for a better deal may need to rethink the kind of properties they’re focused on in their search. As of January, median single-family home rent prices are up about 41% since before the pandemic, according to a recent report by Zillow. Meanwhile, multi-family... Read more
Renting has become slightly more affordable for minimum workers across the United States, but not by much, according to a Redfin report. A worker making an average...
Renters have quietly enjoyed a nice run over the past two years. A historic wave of apartment construction has tamped down rents from their pandemic-era peak — last...
California’s real estate landscape is changing with new laws taking effect in 2025, impacting landlords, developers, property owners, and investors. These legislative...
Investors, property owners, and developers that are involved in affordable housing were doubtless glad to hear of the Department of Housing and Urban Development’s...
California is leading the way in housing innovation with the recent passage of SB 1211, a landmark bill that updates and enhances current accessory dwelling unit (ADU) regulations. Authored by Senator Nancy Skinner and backed by housing advocates such as California YIMBY and the Casita Coalition, this new legislation promises to reshape the way multifamily properties can increase their ADU potential, creating a blueprint that other states and countries should consider adopting as well. What does SB 1211 do? ADUs, commonly known as “granny flats” or “backyard homes,” are already prevalent as an effective solution for increasing California’s affordable housing. Over the past 7... Read more
For renters looking for the most bang for their buck in the rental market, it might pay to go small. While December 2024 rents were down overall in units of all sizes,...
In recent years, tiny homes have become a popular alternative to the traditionally large American-style home and a viable way to provide shelter within a small space....
Renters need to earn $63,680 to afford the median asking rent for a U.S. apartment—the lowest income required since early 2022. Texas metros Austin, Houston and...
National REITs like Avalon Bay Communities and local investor-operators have completed many ADU projects, are pleased with the results, and plan to keep building...
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