STAY REAL ESTATE INTELLIGENT
At REIM, our mission to deliver current and revelant intel in the multifamily market. Every week we share the top five articles we are reading from sources we trust. Our goal is to keep you informed, up to date and real estate intelligent.
Investors, many from out of state, spent a record amount of money to buy more than 500 Phoenix-area apartment complexes in 2021 and 2022. That buying spree led to rent spikes and more evictions, housing advocates say. About $27.3 billion was invested in 517 Valley apartments during the pandemic years
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,
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,
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
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
Crunching the data across 23 metrics for the 96 most populated U.S. cities, Forbes Advisor has uncovered a list of the best cities suited for renters. Considering rental prices, sizes, affordability, crime, amenities, and neighborhood features, Chandler, Arizona, came in as No. 1, followed by Gilbert. The overall Phoenix metro