Entries by Michael Dumlao

Eviction Ban Expires: What It Means For Renters and Owners

After numerous extensions over the last 12 months, the federal eviction ban expired this past weekend. With millions of Americans facing eviction and landlords looking to catch up on delinquency a wide variety of questions surrounding the expiring ban have been asked. In a recent article from Multi-Housing News, author Jeffery Steele outlines how the […]

Multifamily Market Shows Signs of Improvement

According to the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for April 2021, the multifamily market is showing signs of improvement. “We are finally seeing improvement in most markets around the country,” noted NMHC Chief Economist Mark Obrinsky. “While gateway metros are still generally facing lower occupancy and rent levels compared to […]

What Is the Great American Move?

For the past few decades, major metropolitans have experienced substantial real estate growth thanks to exciting nightlife, walkability, and strong job opportunity. But as COVID-19 continues longer than most would have expected, real estate pundits are noticing a shift trending toward lower-density, suburban areas and away from high-density locations. This change of heart and action […]

Gathering Accurate Submarket Data

When property managers are analyzing the performance of their communities and the surrounding competition, it is absolutely vital to collect accurate data. But the value of submarket data varies from metric to metric. So, how do you know what information to value the most? Metro market reports provided by industry leaders in research offers undeniable […]

Emerging Opportunities During COVID-19

As the COVID-19 pandemic continues longer than any of us may have predicted, the real estate landscape continues to shift. Some housing trends increase in prominence and some come to a grinding halt, all while new, emerging opportunities for growth present themselves. One door opens as others close, so to speak.  For example, the millennial-led […]

Uncertain Trends During COVID-19

As the COVID-19 pandemic maintains momentum, the real estate landscape continues to shift. Some housing trends accelerate and some become a thing of the past, all while new opportunities for growth present themselves. For example, the millennial-led migration from cities to suburbs has only accelerated. Conversely, multifamily developers and managers have shifted strategies to attract […]

Major Takeaways: Yardi Multifamily Report – October 2019

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 […]

Statewide Rent Control in California

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 […]

Multifamily Reaches Highest Occupancy Rates in Recent Years

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 […]

Why Upcoming Fed Policy Changes Reinforce Positive CRE Outlook

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 […]