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Property Management News

August 24, 2023

New Property Management News

Enjoy our latest look at the notable news stories in property management.

 

New York leads all U.S. metro areas as the largest net loser with 277 people moving every day — more than double the net exodus of 132 just one year ago.

https://www.bnnbloomberg.ca/more-people-are-leaving-nyc-daily-than-any-other-u-s-city-1.1308635

Texas Property Tax Cut goes to a vote in early November.

https://www.texastribune.org/2023/07/27/texas-property-tax-cuts-explained/

Florida community hit hard by rise in insurance premiums as insurance companies flee the state.

https://finance.yahoo.com/news/protest-broke-55-florida-community-193758949.html

Mortgage Rates hit 22 year high this week, to 7.23% this week, up from last week’s 7.09%, — Freddie Mac.

https://finance.yahoo.com/news/mortgage-rates-surge-to-22-year-high-160008290.html

New multifamily development in the works in Myrtle Beach

https://www.myhorrynews.com/news/new-multifamily-development-planned-for-myrtle-beach-off-pine-island-road/article_249f3b88-416f-11ee-b740-ab4020cd7aac.html

Foreign buyers are bailing out of the U.S. housing market (investment down 14%)

  Foreign buyers are bailing on the U.S. housing market. Here’s why (cnbc.com)

Los Angeles landlords exhausted by continuous restrictions

https://www.msn.com/en-us/money/realestate/la-tenants-welcomed-the-rent-freeze-but-landlords-are-tired-of-restrictions/ar-AA1fEXDs

https://finance.yahoo.com/news/mortgage-rates-surge-to-22-year-high-160008290.html

Wallethub’s report on the best real estate markets to invest in includes Texas, North Carolina, Tennessee, Florida and Arizona. The best major city: Nashville TN.

https://wallethub.com/edu/best-real-estate-markets/14889

Evictions Grow in Nevada as affordable housing market deteriorates. North Las Vegas Justice Court has seen 7,428 eviction filings as of June.

https://lasvegasweekly.com/news/2023/aug/17/tenant-turmoil-evictions-pile-up-housing-worsens/

Nashville market sees a decline in new multifamily development.

https://www.bizjournals.com/nashville/news/2023/08/22/nashville-issues-6-310-multifamily-permits.html

NAHB: Multifamily market shows continued strength (Multifamily Production Index (MPI) at 56 and the Multifamily Occupancy Index (MOI) reading was 89.)

https://www.globest.com/2023/08/22/multifamily-developer-confidence-positive-despite-near-term-headwinds/

Biggest apartment construction boom in decades likely to bring renters uneven relief

https://www.pbs.org/newshour/economy/biggest-apartment-construction-boom-in-decades-likely-to-bring-renters-uneven-relief

 

See more on what landlords are looking for in a property management service firm.

 

NMHC’s OPTECH Conferences 2023 happens November 1st to 3rd in Las Vegas, Nevada.  We’ll be there and hoping to meet with you at our exhibition booth. Learn more about the National Multifamily Housing Council. ManageCasa is continuously exhibiting at major conferences.  Find out more about events near you.

 

Property Management Conferences 2023 | Property Management  | NARPM Conference | How to Benefit from Trade Shows | Who’s Attending Apartmentalize? | Property Management Companies San Diego | NAR Realtor Convention

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Please read our new State of Property Management report, and learn more about what property managers are doing to improve their businesses.

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