MARKET INTEL

Intel

Multifamily Rents Inch Up in March

Multifamily rents increased slightly in March despite the nation’s economic challenges. According to the latest Yardi Matrix Multifamily Report, U.S. asking rents saw a $3 increase last month to $1,706, while year-over-year growth decelerated to 4% nationally, 90 basis points less than February and the lowest level since rents began

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Intel

Here’s How the Arizona Luxury Home Market is Heating Up

Arizona has long been a refuge, attracting people from other parts of the country for a variety of reasons. From agreeable weather, to tolerable taxes, to a lower overall cost of living, the desert is enticing for homebuyers across all income brackets — and lately — more so for some of

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Intel

Multifamily Fundamentals Return to Historical Norms

Nothing about the last business cycle has been normal. A global pandemic, a prolonged zero or near-zero federal funds rate and a decade of outsized rent growth nationwide have skewed multifamily investors’ perception of normal market dynamics. This year, it is officially time to take away the punchbowl. Markets are

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Intel

Multifamily’s Triple Play: Long-Term Trends That Favor the Sector

As much of the commercial real estate market languishes, the multifamily segment seems to be enjoying its time in the sun. From the Twin Cities—where 67 percent of all new building permits last year were for multifamily, the highest in 22 years, according to Housing First Minnesota and Axios—to continued

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Intel

Apartment Demand and New Lease Rent Growth on the Rebound

The multifamily sector has been a growing disappointment. Not that it was expected to be otherwise. Interest rates up, consumers beset with higher prices and growing concerns over potential layoffs. Companies wondering how close a recession is. Transaction volumes have been down and rent growth slowed. Refinancing properties is tight

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