Rents: Page 11

  • Young couple looking for apartment
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    It costs nearly $4,000 to replace a resident when they leave

    Property managers say they must forgo lost rents and give away concessions when a renter departs.

    By • July 19, 2022
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    sommart via Getty Images
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    LIHTC expiration affects deeply affordable properties the most

    When income restrictions are removed, units affordable to people making 30% of area median income disappear.

    By • July 19, 2022
  • A block of apartment complexes Explore the Trendline➔
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    Trendline

    Top 5 stories from Multifamily Dive

    A roundup of some of Multifamily Dive’s top stories of 2024.

    By Multifamily Dive staff
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    Drew Angerer via Getty Images
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    Rent hits new highs, but rent growth slows

    Although the rate of rent growth is decelerating, the national average asking rent rose to $1,706 in June, according to Yardi Matrix.

    By • July 18, 2022
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    Permission granted by Trion Properties
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    Q&A

    One owner sits at 99.5% occupancy at some properties in Miami

    Seeing strong fundamentals, Trion Properties is still buying despite capital market volatility.

    By • July 15, 2022
  • low-rise red apartment building
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    Andrey Sayfutdinov via Getty Images
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    After leaving the tax credit program, many properties see modest rent increases

    Generally, former Low-Income Housing Tax Credit apartment communities remain affordable to those making 60% of AMI, according to Freddie Mac.

    By • July 12, 2022
  • A modern, mid-rise apartment building with a blue and yellow paneled exterior.
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    Sundry Photography via Getty Images
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    Q&A

    RealPage economist: Rent growth likely to moderate in the second half of 2022

    Current growth rates are not sustainable in the long term, according to Jay Parsons.

    By • July 8, 2022
  • A brown and white brick apartment building with a water fountain and cars parked in front.
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    Mary Salmonsen/Multifamily Dive
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    Equity Residential to pay $2M in Washington, D.C., 'rent hike scam' case

    The lawsuit from the district’s attorney general alleged that the company had leased rent-controlled units at an undisclosed discount, then raised rents based on the actual rate.

    By • July 8, 2022
  • Sleeping pods
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    Permission granted by Brownstone
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    Sleeping pods: coming to a high-rent neighborhood near you?

    The controversial concept that’s catching on in California could be a dystopian fantasy or a solution to the country’s severe housing shortage.

    By Robyn Griggs Lawrence • July 6, 2022
  • the notice of eviction of tenants hangs on the door of the house, front view
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    Vyacheslav Dumchev via Getty Images
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    15% of Americans behind on rent payments

    1.2 million are at risk of eviction, according to the latest Census data, but market-rate property owners say their tenants aren’t feeling the pain – yet.

    By • July 5, 2022
  • Apartment for rent sign
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    Blacqbook via Getty Images
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    Is this the peak? Apartment rents hit all-time high as growth slows

    “Record numbers are never sustainable,” one multifamily market watcher said. 

    By • June 28, 2022
  • Providence at Memorial apartments
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    Permission granted by Nitya Capital
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    Q&A

    Why one Houston-based owner decided to sell

    Swapnil Agarwal traded out of properties in his hometown but bought deals in other markets and asset classes.

    By • June 28, 2022
  • Vacancy sign
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    Pgiam via Getty Images
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    After bottoming out, vacancies slowly tick up

    Despite more apartments being available, the market remains historically tight.

    By • June 27, 2022
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    Joe Raedle via Getty Images
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    YIMBYs add new twist to local zoning, development battles

    Groups dedicated to pushing for affordable housing policies are coming into their own.

    By Robyn Griggs Lawrence • June 24, 2022
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    Permission granted by Evergreen Real Estate Group
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    Q&A

    Pandemic, interest rates create pressure for affordable managers

    Higher borrowing rates, combined with increased labor and materials costs, are forcing managers to operate more efficiently.

    By • June 24, 2022
  • pedestrian, apartment for rent
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    Justin Sullivan via Getty Images
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    The new drivers of apartment demand

    Migration and reopened economies helped propel rent growth 10% beyond wages in the past year.

    By • June 22, 2022
  • hand is writing with a pen on a rental agreement document, house keys in the background,
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    fermate via Getty Images
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    Renters are staying in their apartments longer, paying more

    Residents are renewing their leases, despite an average rent increase of 10%.

    By • June 21, 2022
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    Joe Raedle via Getty Images
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    Housing activists work to move the needle on affordability

    In communities across the country, local groups aim to shed light on the housing crisis while fighting against the NIMBY movement.

    By Robyn Griggs Lawrence • June 15, 2022
  • Soo Line, Village Green
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    Permission granted by Village Green
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    Q&A

    How rising cap rates could put pressure on managers

    Owners could expect more from their managers as rapid property appreciation declines.

    By • June 15, 2022
  • affordable housing protest
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    Joe Raedle via Getty Images
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    YIMBY: The making of a movement

    Yes, In My Backyard groups have formed in communities across the country to fight zoning and development practices that make housing less affordable.

    By Robyn Griggs Lawrence • June 13, 2022
  • 43Green
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    Permission granted by Landon Bone Baker Architects
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    Meet the YIMBYs

    Housing advocates are changing the affordability conversation by standing up for denser development.

    By Robyn Griggs Lawrence • June 13, 2022
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    Justin Sullivan via Getty Images
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    Renters are staying in their apartments longer, paying more

    When residents renew their leases, they’re paying an average of 10.7% more, according to a new report.

    By • June 8, 2022
  • Ridge Point Apartments, Houston
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    Permission granted by Three Pillars
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    Q&A

    Rising interest rates could cause problems — but not how you'd think

    Higher borrowing costs could widen the expectation gap and strain certain multifamily owners, according to the founder of a Houston-based private equity firm.

    By • June 7, 2022
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    CHUNYIP WONG via Getty Images
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    Real estate pros ask: Are we headed into a recession?

    CRE experts break down the uncertain future of interest rates, fundamentals and economic conditions.

    By • June 7, 2022
  • Camden Property Trust's Camden Central in St. Petersburg, Florida
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    Permission granted by Camden Property Trust
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    Q&A

    Camden sees all-time highs in same-store revenue growth

    Despite strong numbers, CEO Ric Campo worries about the economy.

    By • May 31, 2022
  • A view of the college campus at the University of Washington in spring time, with sakura blossoms in full bloom.
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    davelogan via Getty Images
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    RealPage reports 'most optimistic' student housing numbers in 4 years

    Record-high rent growth and a pre-leasing occupancy rebound point to increased demand following the pandemic.

    By • May 27, 2022