Tag Archives: rent

The Issue of Affordability

The Issue of Affordability

Posted on 23. Oct, 2015 by .

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What is your definition of “affordable” housing? To some, it means rental prices that are affordable to those earning the area’s median income or greater. As cities struggle to pass rent control measures, some real estate companies are surprisingly putting a cap to rent renewals. Michael Schall, CEO of Essex Realty Trust, is changing the […]

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Supply of New Apartments Increases

Supply of New Apartments Increases

Posted on 02. Sep, 2015 by .

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Apartment supply is increasing for the year of 2015. Axiometrics.com found that the increasing new supply of apartments are being steadily occupied by American renters. By the end of 2015, there is an expected quarter of a million units to be available. Texas, Colorado and New York are just a few of the states delivering […]

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Property Managers Prepare for More Renters and Fewer Vacancies

Property Managers Prepare for More Renters and Fewer Vacancies

Posted on 25. Aug, 2015 by .

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In today’s housing market there are some unmistakable trends that I’ve commented on in recent articles. The number of owner-occupied dwellings is dropping while rental vacancies are vanishing. Put another way, recent data from varying sources—including the Census Bureau—verifies that vacancy rates have fallen to a 30-year low. Residents are finding fewer choices available to rent than […]

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Vegas Wins Big with Housing and Employment Rates

Vegas Wins Big with Housing and Employment Rates

Posted on 30. Jul, 2015 by .

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Las Vegas is not only prosperous in Blackjack and poker tables, but also in growing housing demand and increasing employment. Where annual effective rent growth has more than doubled in the last year, Vegas has a healthy occupancy of 94.4 percent. The city is also successful in its job growth rate, as it is above the national average of 2.1 […]

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U.S. Homeownership Is Lowest It’s Been in Decades

U.S. Homeownership Is Lowest It’s Been in Decades

Posted on 29. Jul, 2015 by .

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In a new study released by the US Census Bureau, it was found that home ownership has dropped to 63.4 percent, the lowest it has been since 1967. Some economists attribute it to the real estate market crash of 2008, others blame it on wage growth and mortgage standards failing to keep up with rapidly […]

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Property Managers Face Bidding Wars as Housing Bubble Looms

Property Managers Face Bidding Wars as Housing Bubble Looms

Posted on 28. Jul, 2015 by .

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Just when we thought housing prices may cool down, a new sign of a housing “bubble” has emerged. This combined with a June surge in U.S. home construction has property managers paying attention. Other bubbles that directly relate to the property management business include rental rates, which moved 3% higher in June on a year-over-year […]

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