The extended period of good performance has produced one bad side effect: legislation enacted in three states to limit rent growth and pressure to act in more states. After a period of below-par growth in housing stock, the U.S. needs more units built, but rent control moves the needle in the opposite direction. Earlier this […]
The California legislature recently passed a bill called Assembly Bill 1842 designed to enact rent control and protect tenants. Despite its intended purpose, many believe the new law will be detrimental to tenants, owners, developers, and the national apartment industry. The new law, Tenant Protection Act of 2019, outlines a cap on annual rent increases […]
In a recent article for National Real Estate Investor, author Bendix Anderson spoke with some industry experts to learn more about climbing occupancy rates and what they mean to the economy. Multifamily occupancy rates have seen strong growth for over 10 years now, but the market continues to reach new levels. “Terrific absorption has pushed […]
Earlier this week, CNBC interviewed Marcus & Millichap’s President and CEO Hessam Nadji to discuss why upcoming Fed Policy changes and strong fundamentals reinforce a positive commercial real estate (CRE) outlook. Some major takeaways from the interview include: Lower rates energize the market, Fed rates shifted from a headwind to tailwind. Nadji explains how a […]
Earlier this week, Multi-Housing News posted an article highlighting takeaways from a recent Yardi Matrix report pertaining to occupancy growth through the first quarter of 2019. According to the numbers, the nation’s average occupancy rate decreased by 20 points year-over-year through April to 95 percent. Despite the step back on a national level, the five […]
Last week, an unprecedented amount of traders in the fed funds futures market made bets with high expectations of an interest rate cut in the near future. The high volume of trading came as no surprise as many traders had already expressed confidence in the first quarter that a rate cut was coming. Their confidence […]
Despite some reservations before the start of the year, multifamily real estate performed well in 2018. But as we look toward the beginning of the new year, it would prudent of investors and owners to prepare for as the market is expected to shift in a different direction. Earlier this week, Karlin Conklin, a value-add […]
Earlier this week, Marcus & Millichap and National Real Estate Investor (NREI) distributed the results of their second-half Investor Sentiment Survey. Researchers collected data by emailing invitations to participate in this online survey to public and private investors and developers of commercial real estate. Recipients of the survey included Marcus & Millichap clients as well as […]
“Certainly there is a housing shortage, so we need to be building housing, but what we are also seeking to address is the crisis of displacement…We’re seeing vulnerable communities — people of color, elderly folks, people with disabilities, single parents, low-income people and the middle class — being pushed out of California and becoming homeless.” […]
“Demand for 106,716 apartments in the third quarter well surpassed completions that totaled 83,170 units, RealPage reported. Year-to-date, the country’s occupied apartment count has increased by 295,750 units compared to new project deliveries totaling 232,911 units.” In a recent article for MBA Newslink, author Michael Tucker highlighted recent rent growth trends and expected occupancy rates as […]