Property Management News Let's take a quick look at the latest stats and stories in the rental property sector. Is the Multifamily Apartment Glut Already Over? Rent prices have been impacted by a large release of new construction at the same time as the economy is cooling. Some expect a mild recession but would that…
USA Rent Prices City by City The latest rent price reports for the US from Zumper, Census Bureau, Redfin, Rent.com, and Apartmentlist show asking rent prices have flattened and the median rent price growth has slowed. Their reports reflect an ongoing struggle between the economy, supply shortages and builders who are trying to produce more…
Apartmentlist: Rent Drops Just Ahead? Apartmentlist, one of the leading apartments-for-rent portals online has just released their rental marketing report for October. The report shows rents dropped again last month part of a 3-month decline. The US median rent dropped by 0.7% to $1,354, and is down 1.2% YoY. It's primarily a seasonal drop, however…
How to Get Renters to Pay Rent With inflation, emergency costs, and other issues that tenants might experience, it's inevitable a rent payment will be delayed or missed. If your tenant doesn't contact you or take your calls, it might be they're embarrassed or mentally unable/hopeless to face their situation. It's not always a case…
Real Estate Housing Market Forecast US resale home sales have dropped to their lowest level since 2010. The lagging effect of fast-rising mortgage rates, mortgage rate lock ins, and tougher loan qualification has stopped first-home buyers from entering the housing market, and homeowners are locked in at previous lower mortgage rates and can't sell. The…
Housing Market Going through a Reset? In 2007 to 2009, the housing market went through a great property price reset. Companies could not hold up and a housing market crash ensued. It was the era of sub-prime lending, where major companies were caught off guard by a collapsing banking system. Today, that situation doesn't exist.…
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