Property Management News
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 supply, particularly in high-growth Sun Belt markets, is intensifying leasing competition and pushing rents down. While demand is softening, renting continues to outpace homeownership due to affordability issues in the for-sale market. A Cooling Market US multifamily advertised rents saw a notable $6 drop in September—down to $1,750—signaling potential softening after years of record-setting rent levels. According to Yardi Matrix, this marks the sharpest September rent decline since 2009 and the worst monthly performance... Read more
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...
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 portal for ancillary dwelling units (ADUs) at one- and two-family homes across the five boroughs, a key part of Mayor Eric Adams’ City of Yes housing plan that passed last year. Adams also announced the “ADU For You” program to provide guidance and resources, including design help, to homeowners building ADUs. “Too many New Yorkers are forced to choose between having a roof over their heads in an Ancillary Dwelling Unit or living in safe, regulated housing. New Yorkers no longer have to choose,” Adolfo Carrion, Jr.,... Read more
Key Takeaways More than 1,000 tenants living in Capital Realty Group-owned properties are organizing a multi-state tenant union campaign to push for collective...
Rent Prices Dropping Across All Unit Sizes Median rent declined across units in all size categories examined by realtor.com. Studio rents dropped to $1,430 per month,...
After multifamily REITs set near-record renewal rates through the first half of the year, renters are starting to look for new options that save them money or...
Key Takeaways Modular construction made up 8.8% of US apartment starts in 2024, showing its strongest adoption yet. A bipartisan Senate bill could modernize financing...
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