MARKET INTEL

Intel

Home Prices Will Grow at a Steady Pace Starting in 2024, Experts Say

AZ Business Magazine Economists and housing experts polled in the latest Zillow Home Price Expectation (ZHPE) survey expect home prices to fall 1.6% through Dec. 2023. Affordability challenges are still dragging down demand for homes – lower mortgage costs in January translated into sales that tracked pre-pandemic trends, but higher rates in February

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Intel

The Rent Growth Narrative Is Out and NOI Is In

Karlin Conklin Aggressive rent hikes have dominated our news feeds for years. And what a story it’s been. Average national rents in 2021 posted a new record at 15 percent year-over-year, with 2022 coming in second at over 6 percent, according to Yardi Matrix. With rents projected to trend flat-to-slightly-increasing

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Intel

3 Million U.S. Households Making Over $150,000 Are Still Renters

By Wall Street Journal More high-earning Americans are opting to rent than in the past, with the number of renter households earning $150,000 or more a year rising 87% between 2016 and 2021. This amounts to more than 3 million households, according to five-year estimates from the Census Bureau. Will

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Intel

Apartment Rents Surge as Vacation Rentals Reduce Supply for Tenants

Richard Lawson Record growth in apartment rents in some of the biggest U.S. metropolitan areas coincided with more short-term rental listings, renewing concerns about housing affordability as more property owners cater to travelers rather than long-term tenants. Before the pandemic, cities around the country had put tougher regulations in place

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Intel

Single-Family Rentals Are Filling an Important Void in the Market

By Kelsi Maree Borland The single-family housing rental (SFR) market quickly became a commercial real estate investment darling over the last few years. And as housing costs increased more than 13% last year, and mortgage rates are now keeping more potential buyers in rentals, demand from growing millennial families looking

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