Property Management News
In a reversal of migration trends over the past 25 years, Americans are beginning to move away from areas where the high risk of extreme weather events is pushing up the cost of property insurance. Residential real estate values have grown by more than $20T since 2020 — but insurance costs have also spiked by double digits on an annual basis since 2017. Now, states with the highest levels of climate risk are starting to see changes in migration as insurance costs begin to tarnish property values, according to data from real estate business intelligence firm Cotality. “We just see very early signs that insurance premiums are having an effect on where people live,” John Rogers, chief... Read more
Occupancy and rent change are improving a bit in the most upscale communities, where a big wave of new supply had held back earlier results. At the same time, however,...
New York City Mayor Zohran Mamdani barreled into City Hall vowing to tackle the city’s notoriously high cost of living, partly by fulfilling a campaign promise...
More tenants living in New York City’s least expensive housing units aren’t paying their rent — a trend that risks further destabilizing the city’s...
Key Takeaways In expensive coastal metros, ownership is out of reach for the majority of families with young children, making renting the default for most...
Using Zillow Observed Rent Index data, this analysis compares average rent levels in the New York City metro area with the US average, tracking the percentage premium paid by NYC-area renters from January 2015 through March 2026. Renters have always paid a premium to live in the New York City metro area. The more interesting question is how much of a premium. As of March 2026, average rents in the NYC metro area were 74.7% higher than the national average, according to Zillow Observed Rent Index data. That is a substantial premium, but it is also a moving target. Over the past decade, the NYC rent premium has gone through three distinct phases: pre-pandemic compression, pandemic... Read more
KEY TAKEAWAYS Class B apartments are outperforming both Class A and Class C segments due to stable demand and lower risk exposure. Class B assets benefit from strong...
Renters are getting a bit of relief as landlords offer more concessions — like free rent or waived fees — to fill units in a cooling market. Rent growth has slowed...
Rents are still rising nationwide, but at a slower pace than in years past. Plus, income is now growing at a faster pace and the slowdown is relieving some renters of...
Incomes are rising faster than rents nationwide, putting an extra $193 a month back in renters’ pockets The typical U.S. asking rent was $1,910 in March, up 1.8%...
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