MARKET INTEL

Intel

Here’s Why Building Affordable Housing in Phoenix is a Challenge

Maricopa County continues to be a hotspot for population growth, with the U.S. Census Bureau reporting that the county remained the largest-gaining in the nation in 2022, adding 56,831 residents — an increase of 1.3% since 2021. With so many newcomers to the region — combined with elevated home prices,

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Intel

Flip the Script: Wage Growth Is Outpacing Rent Growth Again

There’s a significant plot shift occurring in the U.S. rental housing market: Wages are outpacing rents again, and by a widening margin. And all signs suggest more of the same for the near future. Year-over-year U.S. wage growth has topped effective apartment rent growth for nine consecutive months. Through August,

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Intel

Multifamily Mortgages Perform Well Between First and Second Quarters of 2023

In the second quarter, commercial and multifamily mortgage delinquencies increased compared with the first quarter of this year, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Delinquency Report. “In general, multifamily mortgages continue to perform well. Delinquency rates on multifamily loans held by banks were essentially unchanged between the

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Intel

Class A Apartment Rents Driving What Little Growth There Is

In August, apartment rent growth stopped throughout the country on an annual basis, according to RealPage. But there were variations by product class and also by geographic market. And on aggregate, it was Class A rent changes that boosted the nationwide performance. As of last month, annual effective rents climbed

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