Property Management News
The median U.S. asking rent dropped 1% year over year to $1,633 in May as elevated apartment supply gave renters room to negotiate. Asking rents fell fastest in Austin, down 9% to the lowest level since 2021. Rents hit a record high in four metros: Chicago, Cincinnati, Memphis and Washington, D.C. The median U.S. asking rent fell 1% year over year in May to $1,633, which is $72 below the August 2022 record high. On a month-over-month basis, the median U.S. asking rent rose 0.5% in May—typical for this time of year. Overall, 28 of the 44 major U.S. core-based statistical areas (CBSAs) Redfin analyzed saw asking rents decline last month—the highest number since September... Read more
Byron Sellers had wanted to get into real estate investing for years, but the deals he came across were always prohibitively expensive. One day in 2017, he was listening...
Key Takeaways Seattle ranks last among 100 major US cities for average size of new apartments, at just 649SF, down from 706 ten years ago. Developers are prioritizing...
When recession fears rise, budget cuts often follow—and education directors are being asked to make hard choices. Training programs frequently top the list of cuts,...
When developer Steve Patron was planning a neighborhood of townhouses in Winslow Township, Camden County, a decade ago, he expected to sell the new homes. But after...
Although rents have been on a decline in the top 50 metros for over a year, low multifamily permitting could unfold higher rent prices. In 2024, within the top 50 metros only 294,000 multifamily units were permitted, which is well below the 318,000 units permitted in 2020, according to the Realtor.com February rent report. “During the pandemic, rent prices surged significantly. While there has been a gradual correction, the current trend of declining rents over the past 19 months and a still-sizable number of multifamily units under construction have impacted builders’ enthusiasm for new projects,” says Danielle Hale, chief economist of Realtor.com. “The nation is short 3.8... Read more
In today’s shifting real estate landscape, investors increasingly prioritize stability and long-term value. One sector that has consistently demonstrated stability is...
Call it another quirk of New York City living. Though washers and dryers have been ubiquitous household items in most of the United States since the Eisenhower...
California law makes it illegal for landlords to refuse to rent to people who participate in rental assistance programs like Section 8, but tenant advocates say the...
Crouching on the sidewalk in front of his apartment building in San Francisco’s Tenderloin neighborhood last Monday, Bradford Berger shuffled through legal papers in a...
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