Multifamily demand will moderate its growth through 2035, according to a soon-to-be-released study from the National Multifamily Housing Council. The new study predicts that demand will rise 25% to 30% below previous forecasts. The reduced projection is due to the likelihood of a major recession, flat population growth and low immigration levels. Real estate finance professor Norm Miller presented this forecast at the recent MHNC Research Forum in Denver. According to Professor Miller, inflation and […]
The national multifamily market remails strong but is showing signs of slowing according to the latest Yardi Matrix report. Although rent growth remained positive in March, its rate of growth is decelerating after the extraordinary rate of 2021. Most of the rent growth for 2021 started in the second quarter, meaning that going forward the year-over-year growth will likely be reduced although apartment rents will continue their trajectory. Household Growth Moderates Although the numbers are […]
At the end of March, Multifamily Executive released its rankings for the Top Residential Real Estate Investment Trusts (REITs) for 2021. Multifamily Executive creates the rankings of both publicly listed and private REITs, based on their online reputation assessment scores (ORA). They have developed this list for the last seven years and it shows the strength of the top operators in the multifamily real estate market. These multifamily REITs are some of the largest owners […]
As we start 2022, the multifamily real estate market remains strong. In 2021, the market saw unprecedented growth in rental rates and also in investor demand. Market research from Apartment List showed that rental rates increased 17.8% in 2021, a record shattering rate of growth. Investors were bullish on multifamily properties, due to the sector’s resilience when compared with other types of commercial real estate. Although these trends are likely to continue in 2022, they […]
Throughout most of 2021, apartment leasing and rents surged as pent-up demand caused by the pandemic exploded onto the market. However, the rental rate growth has slowed considerably, signaling that the market may have stabilized. The national rent index from Apartment List showed rent growth of 0.8% from September to October. This was the slowest rate of growth since February 2021. In any other year, a growth rate of 0.8% is a typical rate for […]
The multifamily real estate market looks largely positive for the second half of 2021. Rents and collections are increasing and development continues despite increased prices. Hiring experienced professionals for many jobs remains challenging, especially for Maintenance Techs and Property Managers.