Nationally, effective asking rents for U.S. apartments climbed 1.3% in April, rising at the fastest pace seen during a single month for the past decade or so and likely at the fastest pace ever, according to new data from RealPage, the leading provider of software and analytics for the real estate industry. In Phoenix,
While multifamily was one of the “hardest hit sectors,” during the pandemic, according to DLA Piper Global Real Estate’s 2021 Annual State of the Market Survey, it’s coming back. “Multifamily, affordable housing and hotels/lodging have gained significant momentum, with 49%, 32% and 22% of respondents, respectively, finding them attractive for
The Sun Belt once again benefited from strong population growth trends in 2020, the latest U.S. Census Bureau estimates show. The state-level census figures from earlier this year gave a glimpse at what to expect on the metropolitan area level, with large Sun Belt states such as Texas, Florida, Arizona,
THE REAL ESTATE INTELLIGENT INTERVIEW SERIES PROFILES EXPERTS IN THE MULTIFAMILY AND DEVELOPMENT INDUSTRY. AN INTERVIEW WITH VICTORIA MIACHIKA, FOUNDER AND MANAGING MEMBER OF REAL ESTATE INTELLIGENT MARKETING. TELL ME ABOUT YOUR JOURNEY INTO MULTIFAMILY SALES AND DEVELOPMENT. HOW DID YOU GET STARTED? When I moved to Arizona in 2010,
International investors ranked Phoenix highly as a market where they plan to increase their real estate exposure in 2021, according to a study by the Association of Foreign Investors in Real Estate. The survey collected information from more than 100 respondents, which include institutional investors, fund and investment managers, family
People have been on the move since the Covid-19 pandemic hit. With remote work at play, many are leaving expensive cities like New York, Los Angeles and Chicago for the suburbs or for more affordable cities like Austin, Phoenix or Nashville, according to a LinkedIn report. Rents prices across the
US apartment rent growth is back in a big way, now that the country’s reopening local economies are fueling household creation and stimulating robust demand for all types of housing. Effective asking rents for US apartments climbed 1.3% in April, rising at the fastest pace seen during a single month
The economic outlook for Arizona and the U.S. is promising as the deep recession sparked by the pandemic quickly recedes, according to three Arizona State University experts. “A year ago, we were wondering how deep it would be and how long it would last,” Dennis Hoffman said of the economic downturn brought
The number of U.S. apartment dwellers paying full or partial rent increased from April to May to one of the best figures during the pandemic, a signal of increasing recovery from the economic hardship since the onset of the health crisis. Roughly 80% of renters paid full or partial rent
Phoenix has maintained its ranking as the top metropolitan area in the nation for net migration for a third consecutive year, according to the latest data from the U.S. Census Bureau. Multifamily landlords and homeowners welcomed the nearly 89,000 people who moved to the Phoenix market between July 2019 and
