Great news for renters: rent prices are trending downwards to an average of $1,900 for a typical two-bedroom apartment.
Read More »Rents Fall for Fifth-Straight Month
Although completed multifamily units drove down rent prices for the fifth month in a row, short vacancy times reveal just how high demand is for these units. Here’s what the landscape looks like according to a new report.
Read More »The Multifamily Building Surge: Which Cities Lead the Charge?
With single-family inventories struggling to keep up, here are the ZIP codes where multifamily inventories are spiking to try to meet housing demands.
Read More »New Builds Offer Renters More Options Amid Competitive Market
Midwest markets were a hot spot for renters seeking more affordability during peak rental season, dominating the top half of the nation's 20 most competitive rental markets. Renters now have more options to choose from, as the national supply of apartments experienced a slight increase compared to the same time last year, according to a new RentCafe study.
Read More »Live-Work-Play Residences on the Rise
The number of units that incorporate retail space and residential living has quadrupled over the past decade.
Read More »As Home Prices Rise, so Do Rents
With home prices rising, first-time buyers are looking towards renting as a more affordable option. As the demand for rentals rises, a report found that rents in some cities rose faster than the others. Which were these metros and what other factors impacted rents?
Read More »Meeting the Challenges of Inventory Shortage
A new study analyzed the current problem of low housing supply and what could be done to alleviate it. Here’s what they found.
Read More »Tight Inventory Drives Apartment Demand Sky-high
As housing inventory continues to tighten, would-be homeowners are being driven toward renting—and the apartment market is struggling to keep up. According to a new study, the U.S. will need 4.6 million new apartments by 2030 in order to keep up with demand—or 325,000 every year. About 1 million new renter households were formed every year over the last five years. This steep jump is caused, in large part, by consumers delaying housing purchases. Aging and changes in consumer sentiment have also played a role, according to experts.
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