Rental Industry Raising Credit Score Standards
Credit scores of approved applicants have increased by 12 points, on average, since 2014, and in some cases even more.
Year-Over-Year Origination Volume
As indicated by the latest data available, origination volume was up 8 percent year over year in 2016, according to the Mortgage Bankers Association. Nearly 3,000 different lenders provided a total of $269.2 billion in new mortgages for apartment buildings with five or more units.
Rents Rebound Amid Boston Building Boom
The metro’s economy remains on sound footing, generating high-paying jobs at a fast rate and driving demand for upscale housing.
Mixed-Use Picks Up Steam in Philadelphia
Despite the recent spate of multifamily deliveries, occupancy remained high across the metro, reflecting the market’s capacity to rapidly absorb new product.
Jacksonville Powers Through
A relatively limited amount of new multifamily construction in Northeast Florida has kept the occupancy rate above its historical average, presenting opportunity for increased rent growth.
Job Diversity Sustains Denver’s Economy
Employment and population gains are pushing up demand for apartments across the metro, which had roughly 26,000 rental units under construction as of November.
Economy Watch: Amazon HQ2 to Drive Up Rents in Winner’s Market
Some markets will benefit more than others, but every location under consideration would be able to offer a rate hike—some as much as 2 percent.
Economy Watch: Apartments Rents Falling in Some Major Markets
While nationwide apartment rents continued to rise in 2017, 14 of the largest U.S. cities saw average rents either decrease, stagnate or grow slower than the national average, a recent RentCafé report noted.
Top 10 Orlando Apartment Owners
The city has a thriving market, thanks in part to an expanding young workforce. However, the metro still faces a shortage of affordable units, a growing concern for lower-paid
workers.
Fundamentals Rock Solid in Multifamily, Office Markets
Commercial real estate historically has been a cyclical sector, and eight years into a solid recovery, players are having trouble deciding whether to laugh at their good fortune or cry at the thought that prosperity is about to come to an end.