Market Intel

By Ash Shah The rental housing industry saw an overall slowing of investment growth in 2022 due to rising inflation, interest rates and various global events. Interest rates were driven higher by the Federal Reserve’s decision to raise the target federal funds rate by 25 basis points in February, bringing

By Erik Sherman Famous robber Willie Sutton said he never provided the famous answer to the question of why he robbed banks: “That’s where the money is.” Some reporter apparently made it up. Still, a great line. At its heart there is a pithy explanation of an economic truth: supply

By Ali Wolf Homeownership has traditionally been considered a key component of the “American dream.” In fact, 98% of millennials want to become a homeowner at some point if they aren’t already, according to Zonda’s 6th annual millennial survey of more than 1,000 respondents across the country. Millennials are the

By Bob Pinnegar The rental housing industry has seen its fair share of ups and downs over the past few years. As we settle into 2023, property managers, owners, developers and stakeholders should continue preparing for what may come through the remainder of the year. Following the unprecedented growth of

By Reade Pickert (Bloomberg)—New US home construction increased in February for the first time in six months, led by a surge in starts of multifamily projects and suggesting the housing market may be starting to stabilize. Residential starts rose 9.8% last month to a 1.45 million annualized rate, the fastest

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

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

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

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

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