Market Intel

Apartment Rents

Apartment Renters Are Paying Up, Says Industry Group

The number of apartment tenants who paid April rent during the coronavirus pandemic has ticked up, according to a new survey of U.S. landlords. The National Multifamily Housing Council said 89% of rental households paid at least some of their rent this month by April 19. That’s up from 84%

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Apartment Rents

Residential Investors Are Bullish Despite Sluggish April Collections

SAN FRANCISCO—The current economic and health crisis has affected many around the globe. One of the harder hit sectors is real estate, although investors remain bullish for its long-term potential, GlobeSt.com learns in this exclusive. San Francisco-based proptech firm, Stessa, surveyed nearly 1,000 of its active real estate investors with

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Apartment Rents

LeaseLock: April Rent Wasn’t Down As Much As You Think

Many data outlets reported that 30% of renters were not able to pay rent in April, but a new report from LeaseLock shows a nominal decrease in payments in April compared to the first three months of the year. According to their data, payments in April were only down 5%

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Apartment Rents

April’s Apartment Rent Defaults Weren’t That Bad After All

WASHINGTON, DC—When the National Multifamily Housing Council reported a drop in April rent payments last week, executives acknowledged the numbers could improve as they expected many tenants would be paying late. Turns out, they were right. In its weekly update to its rent tracker report, the association found that 84%

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Apartment Rents

Phoenix posts nation’s strongest rent growth

After suffering some of the steepest rent cuts nationally during the financial crisis, Phoenix has recovered well, and now commands a drastic lead in pricing performance among the nation’s biggest markets, according to new data from RealPage. As of January, annual rent growth in Phoenix hit 7.7%, by far the best showing out

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Apartment Rents

Phoenix leads nation in rent growth, apartment report reveals

After the U.S. apartment stock grew more than 2 million units during the past decade, the volume of annual completions will climb further as the 2020s begin, according to real estate technology and analytics firm RealPage, Inc. Scheduled deliveries this year jump to 370,942 units, up 50 percent from the

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Apartment Rents

Valley apartment rents pick up pace again in October

Apartment rents in the U.S. inched up again in October despite the minor fall in the previous month, according to a report from RENTCafé. All the signs point towards a strong and resilient multifamily market as the national average rent reaches $1,476. Here are the highlights for Phoenix and suburbs:

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Apartment Rents

One Firm’s Simple Idea to Make Rents More Affordable: No Deposit

(Bloomberg)—How do you make rental housing more affordable? As policy makers nationwide search for an answer — tinkering with proposals ranging from comprehensive rent control to rezoning — one start-up has put to work an idea that makes things cheaper immediately: eliminate the security deposit. Entrepreneur Ankur Jain, a millennial

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Apartment Rents

Metro Phoenix rents pick up pace, contrary to national trends

RENTCafé‘s August rent report is out and while researchers have noticed a slowdown in national rental costs, Phoenix and the surrounding suburbs don’t necessarily follow the trend this time, as Metro Phoenix rents have picked up their rising tendencies yet again.  Here are the highlights for Phoenix and suburbs: •

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