Market Intel

The Centers for Disease Control and Prevention is extending a federal ban on tenant evictions for what the agency expects to be the last time, prompting some apartment industry leaders to call for provisions to help renters and landlords when rent payments are required again. The CDC pushed the expiration date for the eviction moratorium, which prevents apartment landlords from evicting tenants who are unable to pay rent, to July 31 from its previous expiration

Multifamily investors are following renters back to downtown Phoenix, sending quarterly transaction volume in the area to an all-time high. As a result, sales volume has climbed above $644 million in downtown Phoenix so far this quarter, outstripping the previous record for quarterly sales of $338 million in the third quarter of 2019. The return in investment comes after buyers sat on the sidelines for four quarters. Investors have been cautious in downtown Phoenix during

Unlike other segments of commercial real estate, apartments offer owners flexibility. With shorter leases, often running between six and 24 months, apartment operators can be more attuned to a changing economy. “As those leases roll-off, you’re able to readjust those rent roles based on current market conditions,” says David Vincent, Cadre’s Investment Specialist. “So you have a lot more flexibility than say industrial or office.” These shorter-term leases provide apartment owners with the ability to

On Tuesday, news emerged that private equity giant the Blackstone Group has struck a $6 billion deal to buy Home Partners of America Inc., which owns 17,000 single-family rental homes (SFRs) throughout the United States. The deal is just the latest indication that commercial real estate players believe the SFR sector will continue to be a solid investment for the foreseeable future. The SFR market is blistering hot right now as investors, both private and

More companies are entering the single-family home rental market as institutional investors clamor to expand their portfolios, setting up the relatively new industry for what is expected to be major consolidation. The single-family rental market has evolved rapidly in the past decade, transforming a traditionally mom-and-pop business into a commercial real estate sector luring large investors seeking stable returns. Like multifamily decades ago, single-family home rentals are evolving into a new asset class proven to

Apartments and single-family rentals are showing signs of becoming the fastest-growing sectors of the U.S. housing market as home prices approach record sums that are out of reach for buyers under age 40, signaling a shift in construction demand. A lack of mortgage affordability is driving rentals to exceed sales as many potential homebuyers born between 1981 and 1996, the group known as millennials, struggle under the weight of student debt and stagnating wages, according

Rising real-estate prices are stoking fears that homeownership, long considered a core component of the American dream, is slipping out of reach for low- and moderate-income Americans. That may be so — but a nation of renters is not something to fear. In fact, it’s the opposite. The numbers paint a stark picture. After peaking at 69% in 2004, the homeownership rate fell every year until 2016, when it was 64.3% — its lowest level

The nation’s estimated shortage of at least 5.5 million affordable housing units, particularly apartments, is projected by the largest real estate group to take two decades to close without action from developers and policymakers focused on middle- and lower-income Americans. A severe lack of residential development that has trailed population growth since 2001 created a gap of 5.5 million to 6.8 million housing units of all kinds, including rentals, says real estate economics firm Rosen

With vaccinations increasing, the rental market is taking off. Monthly rents jumped 5.5% year-over-year to an average of $1,527 in May, according to the Realtor.com Monthly Rental Report. By comparison, before the onset of COVID in March 2020, rents were rising at 3.2%. Rents in studio apartments rose for the first time in ten months to hit a median rent price of $1,254, while one-bedroom and two-bedroom rentals reached the highest levels since March 2019,