According to new data released by Redfin, the economic trauma inflicted during the COVID-19 pandemic has taken a more severe toll on renters than homeowners.
Due to forbearance plans, home foreclosures are at record lows, but skyrocketing serious-delinquency rates point to a rough road ahead.
More than one-third of landlords have not received 100% of rent payments during September, according to new data released by the Urban Institute and Avail, a property management platform.
Major news outlets announced on Saturday that former Vice President Joe Biden is the president-elect. A Biden administration may bring major policy changes with it.
Multifamily rents were flat for the third consecutive month in October, but the national numbers appear misleading, as the sector is experiencing an ever-increasing divergence between outperforming and underperforming markets. On a year-over-year basis, rents fell 0.6% nationwide.
A review of several data outlets by Freddie Mac shows that renters are prioritizing rent payment. Apartment rent payments overall have remained stable throughout the pandemic—a welcome surprise considering the rapid increase in unemployment. The reason? Renters have been prioritizing rent payments. This is according to Freddie Mac, which recently reviewed several apartment rent data sources, including National Multifamily Housing Council, The Household Pulse Survey, LeaseLock, Apartment List and National Association of Real Estate Investment Trusts.
While the results of last night’s presidential election remain too close to call, a leading political science academic is warning that the January 2021 occupant of the White House will be forced to deal with the greatest foreclosure and eviction crisis since the Great Recession.
Top real estate economists at the CPE-MHN Summit share insights into what's next for the industry.
At the same time, the vacancy rate increased 10 basis points in Q3, which put it at 5.0% at quarter's end.
Orange County’s multifamily fundamentals were a mixed bag at the close of the third quarter. Rent performance recovered after six consecutive months of declines, as the average rent rose 0.3% to $2,121, on a trailing three-month basis as of September.
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