Bay Area rail workers allegedly built secret apartments in train stations
Inman
APRIL 10, 2024
Two railway workers in the Bay Area are facing felony charges for allegedly building secret apartments in two train stations.
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This trend has cost New York City over 100,000 apartments
Inman
NOVEMBER 3, 2023
Two or more smaller apartments being combined to make one bigger living space has cost the city over 100,000 housing units according to "The New York Times."
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Adam Neumann’s secretive new apartment scheme is now live
Inman
DECEMBER 12, 2023
The WeWork founder quietly scooped up $1 billion worth of apartment buildings near the peak of the multifamily housing market. His first building is now in lease-up. Here’s what we know.
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Buyers and Sellers Drifting Farther Apart; Lowest Rates in 5 Months
Appraisal Buzz
JULY 8, 2021
The post Buyers and Sellers Drifting Farther Apart; Lowest Rates in 5 Months appeared first on Appraisal Buzz. The index, based on the company’s monthly National Housing Survey, shows a growing difference in the number of consumers who hold one or another of those opinions. The HPSI was largely unchanged in June, dipping from 80.0
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Apartment Space Per Renter Shrinking Nationwide
Appraisal Buzz
MAY 17, 2022
According to a new report from RentCafe, the average apartment space per person is now about 540 square feet, based on the ratio of the average apartment size to the average number of renters living in a household across the U.S. The post Apartment Space Per Renter Shrinking Nationwide appeared first on Appraisal Buzz.
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Los Angeles apartment owners sue over COVID rent freeze
Inman
JULY 27, 2023
The suit from the Apartment Association of Greater Los Angeles argues that the city's rent freeze rule robs property owners of income and due process.
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Apartment Absorption Increased while Completions Fell
Eyes on Housing
JUNE 2, 2022
Data from the Survey of Market Absorption of Apartments (SOMA), produced by the Census Bureau, suggest continued improvement for the multifamily sector in the fourth quarter of 2021 due to strong demand and low vacancy rates.
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Guide to Buying Apartment Buildings for Sale in Ohio
The Robert Weiler Company
JUNE 17, 2022
Ohio is one of the top five tax climates in the United States, so it is not surprising that you are looking at the various apartment buildings for sale in Ohio as a lucrative investment. Trying to determine how to find apartment buildings for sale in Ohio? Want to know how to buy an apartment complex? Reliable Cash Flow.
This apartment complex wants to lock residents inside all night long
Inman
JUNE 13, 2023
The Array Apartments in Austin, Texas, has announced a "mandatory" curfew between 10 p.m. each night. But legal experts are skeptical such a rule can be enforced.
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Apartment at Jay-Z’s former ‘stash spot’ lists for $1.4M
Inman
JUNE 2, 2023
The two-bedroom apartment at 560 State St. in the Boerum Hill neighborhood is in the building eulogized by the rapper as his former "stash spot" in his 2009 hit "Empire State of Mind."
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Apartment Absorption Continued to Soar while Condo Absorption Flat
Eyes on Housing
FEBRUARY 28, 2022
Data from the Survey of Market Absorption of Apartments (SOMA), produced by the Census Bureau, suggest continued improvement for the multifamily sector in the third quarter of 2021 due to strong demand and low vacancy rates.
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Apartment Absorptions Slightly Weaker in Fourth Quarter of 2022
Eyes on Housing
MAY 25, 2023
Data from the Census Bureau’s latest Survey of Market Absorptions of New Multifamily Units (SOMA) indicates that multifamily market demand has softened as the percentage of apartments absorbed within the first 3 months of completion fell to 59.0% The absorption rate of unfurnished, unsubsidized apartments (the share rented out in the.
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Apartment Absorption Surged while Condominium Absorption Remained Steady
Eyes on Housing
DECEMBER 21, 2021
Data from the Survey of Market Absorption of Apartments (SOMA), produced by the Census Bureau, suggest continued improvement for the multifamily sector in the second quarter of 2021 due to strong demand and low vacancy rates.
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'My First Apartment" Podcast by Localize.city: Jonathan Miller, CEO at Miller Samuel
Miller Samuel
OCTOBER 25, 2019
I had a fun discussion about something I hadn't given much thought to in a long time with Aaron Ghitelman of Localize : my first apartment.
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Rent growth shows little fluctuation in January: Redfin
Housing Wire
FEBRUARY 12, 2024
An abundance of new apartments recently hit the market, giving renters more options to choose from. Meanwhile, more apartments are under construction. Redfin chief economist Daryl Fairweather expects apartment completions to peak in 2024. In 2022, rent growth rates spanned a much wider spectrum of 4.8% to 17.7%, Redfin reported.
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Superman’s apartment is real, and it’s available for $5.9M
Inman
JANUARY 4, 2024
The fifth-floor unit at the Standish in Brooklyn Heights was often mentioned in the "Superman" comic books as Clark Kent's abode. Now the real-life 2,400-square-foot condo is for sale.
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State Farm will not renew more than 70K property policies in California
Housing Wire
MARCH 25, 2024
Illinois-based State Farm General Insurance will not renew 30,000 residential property insurance policies in California , as well as 42,000 commercial apartment policies in the state, the company announced last week. 20, 2024, for commercial apartment policies. They will take effect Aug.
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Should You Invest in Furnished Apartments in 2022?
Mashvisor
MAY 31, 2022
Property investments are not restricted to the standard buy-to-let design, and some may ask if furnished apartments are suitable for investors. Table of Contents What Are Furnished Apartments? Are Furnished…
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Condo vs. Apartment Living: 8 Key Differences
Raleigh Realty
JULY 12, 2022
Apartment living is one of the most popular housing options in the United States. In fact, nearly 39 million Americans live in an apartment complex. Living in an apartment or condo building is a great choice — it saves space in cities so more people can enjoy all the benefits of a metropolitan community like Raleigh.
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Apartment and Multifamily Real Estate Price Levels: 3Q2021
Eyes on Housing
FEBRUARY 4, 2022
In the third quarter of 2021, the demand for apartment and other multifamily properties surged, contributing to the rise in their price levels, as shown by the Commercial Real Estate Price Index (CREPI) series.
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The Real Estate Investor’s Guide to Fully Furnished Apartments
Mashvisor
JUNE 18, 2022
Real estate investors are now considering fully furnished apartments as millennial renters prioritize convenience and are willing to pay for it. Table of Contents What Are Fully Furnished Apartments? Why…
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Rents dropped again in September: Realtor.com
Housing Wire
OCTOBER 23, 2023
However, even with an influx of new apartment units coming onto the market and putting a lid on rent growth, renters are claiming these new apartments faster than prior to the pandemic.” The addition of new apartments to the market prompted prices to decline, improving affordability. month-over-month and 15.0%
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Andy Florance discusses Matterport acquisition, lead diversion portal models
Housing Wire
APRIL 22, 2024
Florance said his initial interest in acquiring Matterport came from the usage and influence of the company on renters searching for apartments on CoStar’s rental site, Apartments.com. During the pandemic, more renters than ever before selected their apartment without ever visiting it in person,” Florance said.
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Apartment-building boom is finally making things better for renters
Inman
JULY 11, 2023
Builders are adding more supply than at any point in the past five decades, with another million units on the way in the coming few years, according to a new report from RealPage.
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Apartment mogul Patrick Carroll hit with defamation suit
Inman
JUNE 15, 2023
Patrick Carroll was sued by restaurant manager Miguel Angel Weill, who accused Carroll of spitting on him during a videotaped dispute in April. Carroll has not been served with the lawsuit, according to his attorney Duncan Levin.
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Realtor.com to expand rental listings — using Zillow data
Real Estate News
MARCH 5, 2024
The home search rivals announced a syndication agreement allowing Zillow to be the exclusive provider of multifamily apartment listings on Realtor.com.
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7 Reasons Apartment Buildings for Sale Make Great Investments in 2022
Mashvisor
MAY 15, 2022
Find apartment buildings for sale. With high demand and low supply, apartments can be lucrative investments in 2022. Table of Contents What Is an Apartment?… Ready to grow your portfolio?
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Dramatic Apartment Construction Time Lengthening in 2022
Eyes on Housing
AUGUST 7, 2023
The average length of time to complete construction of a multifamily building, after obtaining authorization, was 19.8 months, according to the 2022 Survey of Construction (SOC) from the Census Bureau. The permit-to-completion time in 2022 was 2.3
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Apartment starts hit a 40-year high in 2023. Don’t expect a repeat
Inman
JANUARY 12, 2024
We may see a reprieve in the number of new rental units coming online in 2024, with CoStar projecting a 25 percent pullback.
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Apartment sales plunge 74%, fastest drop since Great Recession
Inman
APRIL 5, 2023
Interest rates are to blame as investors who scooped up multifamily buildings throughout the early years of COVID-19 pull back, according to a new report.
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Hostaway Reviews: What Sets the Platform Apart?
Mashvisor
FEBRUARY 19, 2024
The rental market’s growth required efficient property management tools. Let’s look at Hostaway reviews to see how the platform fares. Hostaway was created to simplify rental property management. However, a…
Slightly Longer Time to Build Apartments in 2021
Eyes on Housing
JULY 7, 2022
The average length of time to complete construction of a multifamily building, after obtaining authorization, is 17.5 months, according to the 2021 Survey of Construction (SOC) from the Census Bureau. The authorization-to-completion time in 2021 inched up from 2020, decelerating the upward trend since 2013.
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Should You Invest in a Cheap Apartment for Rent?
Mashvisor
JULY 23, 2021
However, many of them tend to involve expensive apartment deals geared solely for the wealthy. There are plenty of real estate investment opportunities nowadays. Nevertheless, there are also investors who…
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Zillow adds new mapping software to show renters apartment views
Inman
MARCH 15, 2023
Zillow said its partnership with Engrain will give renters the ability to see what floor their potential dwelling is on, as well as the view outside and within the building.
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CMG acquires Norcom Mortgage’s retail assets
Housing Wire
APRIL 11, 2024
Homebridge was set to merge with Mike Cagney ‘s Figure Technologies , but the deal fell apart just 10 months after the announcement was made. In March 2023, the company struck a deal to acquire Homebridge Financial Services ‘ retail division and grow its footprint in the channel.
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For lower mortgage rates, finish more apartments
Housing Wire
MAY 17, 2023
The best way to fight inflation and get lower mortgage rates is to get more apartment units finished, and so far, this has been slower than my tortoise Grundy. As we all know, we have a record number of apartments under construction. One of the most frustrating data lines since COVID-19 has been housing completion data.
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Rentec Direct leverages ChatGPT to market apartment vacancies
Inman
JULY 10, 2023
Rentec Direct, a property management software firm, uses OpenAI's ChatGPT to help clients quickly draft marketing content for available rentals, according to the company.
A top NYC broker returns to Compass
Housing Wire
JANUARY 5, 2024
More than just cutting-edge tools, what sets Compass apart is the profound sense of community and interconnectedness among its agents.” “Returning to Compass wasn’t just a strategic decision for me, it was a personal acknowledgment of the transformative impact their technology holds,” Fava said in a statement.
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Florida school district to build housing in effort to fill teacher vacancies
Housing Wire
JUNE 19, 2023
that previously served as a junior high school will be transformed into an affordable housing apartment complex. At Pinellas County Schools , a team of developers has been selected to convert the former junior high school into a development of roughly 225 apartments in total. If you build it, they will teach? A building in St.
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Demand for apartments turns negative for first time since 2009
Inman
JANUARY 10, 2023
A slowdown in new leases paired with higher inventory is expected to hike vacancies and put pressure on rents. The balance of power in the rental market is rapidly shifting to renters.".
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Time to Build an Apartment Building in 2020
Eyes on Housing
JUNE 14, 2021
The average length of time to complete construction of a multifamily building, after obtaining authorization, is 17.4 months, according to the 2020 Survey of Construction (SOC) from the Census Bureau. The authorization-to-completion time in 2020 was relatively unchanged from 2019, slowing down the upward trend since 2013.
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Yardi predicts weak multifamily rental growth for 2024
Inman
FEBRUARY 19, 2024
As a result of the delivery of 540,000 new apartments during 2024, Yardi is predicting weak rental price growth in some markets.
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Apartment construction surges in major Canadian cities
Mortgagebroker News
MARCH 28, 2024
Rental demand drives surge, but will it be enough to tackle affordability?
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Your Guide to Office-to-Apartment Conversions in D.C.
Willowbrook Valuation
MARCH 6, 2023
Office-to-apartment conversions in D.C. This ultimately resulted in a mismatch in supply/demand for office space, […] The post Your Guide to Office-to-Apartment Conversions in D.C. This ultimately resulted in a mismatch in supply/demand for office space, […] The post Your Guide to Office-to-Apartment Conversions in D.C.
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