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Almost 30 Percent Of Housing Units In U.S. Tenant Occupied

Tenant occupied housing account for almost 30 percent (29.3%) of the housing units in the U.S., according to data just released by the U.S. Census bureau. [...]

Quality of Tenant Applicants Improving

The quality of tenant applicants applying for rentals is improving, according to the CoreLogic® SafeRent® Renter Applicant Risk Index for the first quarter of 2013. According to the report, which shows the credit quality of applicants for rentals and determines the likelihood of the prospective tenant fulfilling the terms of a lease, the index was 104, up 2 points from a year ago. [...]

Multi-family market slips slightly but still strong

The multi-family market is slipping slightly but still strong according to the Multifamily Production Index (MPI) released today by the National Association of Home Builders (NAHB). The MPI index, which is based upon the sentiment of builders and developers, came in at a level of 52 for the 1st quarter of 2013, a decline of 2 points from the prior quarter, but still showing that more builders and developers feel market conditions are improving rather than worsening [...]

Over 25 percent of single family tenants plan to stay in place five years or more

Slightly more than one of every four (26 percent) tenants in single family homes plan to stay put for five years or more, according to a new survey by ORC International. The survey shows that tenants in single family homes are 18 percent more likely than apartment dwellers to stay in their current homes for five years or longer which indicates that single family rentals, the fastest growing rental category, according to the survey, may be more stable than multifamily rentals in the future. [...]

Apartment vacancies hits lowest rate in more than a decade

A survey by Apartments.com shows that the average monthly rent in the U.S. was $1,048 in the last quarter of 2012, an increase of 3.8 percent from the year before. The survey also shows that apartment vacancies dropped to 4.5 percent during the quarter, marking the lowest apartment vacancy rate in over a decade. [...]

Rental Vacancies Level Off Below 9 Percent Last Year; Down off 11.1 Percent Peak

Rental vacancies were at 8.7 percent in the 4th quarter of 2012, up slightly from the 3rd quarter’s rate of 8.6 percent, but a definite improvement from a year earlier when the rate was 9.4 percent. As the chart below shows, rental vacancies spent the late 90′s below 8 percent before spending the next decade rising until they hit a peak of 11.1 percent in the 3rd quarter of 2009 and then began falling at a fairly consistent clip to where they are today. [...]

Multifamily Industry Set to Remain Strong through 2013, Says NAHB

The multifamily sector has led the way in the recovery of the overall housing market and will continue to do so over the next several years, said panelists during a press conference at the National Association of Home Builders (NAHB) International Builders’ Show (IBS) in Las Vegas. The multifamily market has recovered substantially since the end of 2010 and now stands at about 70 percent of the way back to a sustainable level. [...]

Strong Demand in Rental Market Not Expected to Change Anytime Soon

The rental market has been strong and demand by investors for single family and multi-family rentals has been strong as a result. In our local market, there is plenty of competition for rental property and the best deals go quick, real quick. Based upon data in a new report from the Bipartisan Policy Center I would say we can expect this demand to continue for some time as the report projects there will be five to six million new renter households forming in the next ten years alone. [...]

Rental Property Income Rises Twelve Percent From Year Ago

Rental property continues to shine as a good investment with rental income produced from residential properties increasing in September 12 percent from the year before, according to a report released by CoreLogic. [...]

The Future Looks Bright for Real Estate Investment

Here’s a quick economics 101 quiz: What happens when demand exceeds supply? You got it, prices go u which is generally good news for real estate investors. This is exactly what is being projected for the housing market in 2013 by Frank Nothaft, chief economist for Freddie Mac. [...]

Apartment Market Remains On Path to Recovery; Concern exits over affordable end of market however

The National Association of Home Builders (NAHB) just released their Multifamily Production Index (MPI) for the third quarter of 2012 which came in at a level of 52 (on a scale of 0-100) and was the third quarter in a row the index was over 50. This index is based upon builders’ attitudes about, and confidence in, the current multi-family (apartments and condominiums) market. While a 52 for the index is not great, it does show that a slight majority of builders feel market conditions are improving. [...]

Apartment market to remain strong with 1.7 million new renters expected in next three years

The Freddie Mac market demand forecast report projects that, partially as a result of the sluggish economy and lack of economic growth, there will be an additional 1.7 million new renter households between now and 2015. [...]

Apartment market continues to improve but at slower pace

Apartment markets across the country continued to improve in the third quarter of this year, marking the seventh quarter in a row that all markets saw improvement, according to the National Multi Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions. [...]

HUD Launches Fair Market Rent App

You gotta love technology! Now you can look up HUD’s fair market rents (FMR’s) for any of the 530 metropolitan areas and 2,045 non-metropolitan county areas that HUD publishes fair market rent for. According to HUD’s website, with the map-based app users can search FMRs and income limits by the current map location or by entering a metro area, county, zip code or address. [...]

The top ten smaller cities in the U.S. to buy rental property

What are the best locations in the U.S. to invest in single-family homes for rental properties?  According to The Best Markets report just released by HomeVestors, those cities can be found in the middle of the U.S.  Their list of the top ten smaller cities are cities (most with populations between 200,000 and 500,000) [...]

New online tenant-screening site is worth checking out

One of the biggest challenges I see many landlords face is how to properly screen prospective tenants to help protect them against selecting one that is going to prove to be a problem. In response I always suggest they involve a third-party to run credit and do some of the screening for them. The problem is it’s not easy finding a good firm to do this and if you prefer an online company for the convenience, it’s hard to find a good one. Well, I may have the answer, or at least “an” answer, to the problem. Corelogic, a large, known and trusted company in the real estate world, just launched a new comprehensive, online tenant screening service that I have checked out and like a lot. [...]

Top ten college towns for real estate investment

It’s no secret that college towns usually have a good rental market which causes increased demand and therefore higher prices which causes many investors to look elsewhere.  Realtor.com just released a list though of the top ten college towns that they feel have median prices relative to average rents that are worth a look.  Below [...]

Multifamily market remains strong

The multifamily market is outshining other sectors of the commercial real estate market according the the quarterly commercial real estate forecast from the National Association of Realtors (NAR). According to the report, rent growth has decreased in most commercial sectors with multifamily being the exception which has seen rental rates on the rise as the result of increased demand. In addition, multifamily vacancy rates are more in line with historic averages than in the office market or many other commercial sectors. [...]

Rental vacancy rates fall to lowest level in ten years

The rental market continues to gain strength and momentum as the glut of housing that put a drag on the market is slow subsiding which is evidenced by the fact that, according to the U.S. Census bureau, rental vacancy rates in the 2nd quarter of 2012 fell to 8.6 percent, the lowest rate in ten years. In addition, although they have been bouncing around somewhat, median asking rent is near it’s peak at $716.00 per month. [...]

Rents continue upward, rising over 5 percent last quarter

A report released by Trulia today shows some encouraging news for landlords with rents increasing on a year over year basis in 24 of the 25 largest rental markets with San Francisco leading the way with a 12.4 percent increase. Along with San Francisco, Miami FL, Oakland CA, Denver CO, Seattle WA and Boston MA all had year over year increases in rents of over 10 percent. [...]

Private equity group launched to acquire over $300 Million in single family rental homes

Sylvan Road Capital, LLC, launched today as an asset management firm founded by Oliver Chang, Robert Lee, Sarah Lee, and Gavin Kleinknecht. Sylvan Road will focus on the $3 trillion single-family rental market. The firm expects to invest over $1 billion in this market nationally over the next two years, beginning with an initial capital commitment from a leading private equity firm to acquire over $300MM in single-family homes. [...]

Apartment market continues on hot streak

According to a report just released by the National Multi-Housing Council, the apartment industry just continues to improve. The report looks at the apartment market from four perspectives and applies an index to each (with a 50 or higher indicating growth from the quarter before). The indexes for 2nd quarter of 2012 came in [...]

Justice Department Obtains $855,000 Judgment Against Cincinnati Landlord for Sexually Harassing His Tenants

Cincinnati landlord Henry E. Bailey agreed to the entry of an $855,000 civil judgment against him, after admitting that he violated the Fair Housing Act as alleged in a complaint filed by the Justice Department in federal court, the department announced today. The department’s complaint alleged that Bailey subjected female tenants and applicants for tenancy to unwanted sexual comments and touching, entered the apartments of female tenants without notice or permission, granted tangible housing benefits in exchange for sexual favors and took adverse actions against female tenants when they refused his sexual advances. [...]

Apartment rents increase 1.2 percent during 2nd quarter 2012

Effective rents for new leases in U.S. apartments climbed 1.2 percent during the second quarter and 4 percent between mid-2011 and mid-2012, according to MPF Research, an industry-leading market intelligence division of RealPage, Inc. (NASDAQ: RP). The annual rent growth pace has slowed modestly during the past few months, after the rate of increase reached 4.8 percent at the end of last year. MPF Research analysts highlight the nation’s latest apartment rent growth statistics as well as other key performance indicators in a discussion at www.realpage.com/MPFQ2Report. [...]

Home prices on the rise;  Rents rising faster

A report just released by Trulia today which is based on the for-sale homes and rentals listed on Trulia, shows that asking prices on for-sale homes increased 0.3 percent in June from the month before and by the same amount from a year ago. Nationally, 44 out of the 100 largest metros had price increases from the year before and 84 out of the 100 largest metros had quarter-over-quarter price increases. [...]

National Rental Survey Finds Property Managers Faring Much Better Than Last Year

A new TransUnion survey found that both large and small property managers are faring better than they did one year ago and are more easily attracting residents while increasing rental prices. [...]

Where are the best beach-town bargains?

My family is definitely a beach-loving family! Most of the trips and vacations our family has been on over the years have included beaches and both of our children’s first trips as infants were to the beach. So, I guess it is safe to say our family loves beaches and we are not alone! Even though beach property has suffered during the real estate bust, there seems to always be demand for homes in beach communities. Some areas, like Sarasota, Florida, are already seeing prices increase on homes located on or near the beach. Did you wait too late to buy that second home or vacation home in a beach community? Well, according to a report just released by RealtyTrac, there are still some bargains to be found out there! [...]

Rent Increases Accelerate to 6.0 Percent Year-Over-Year Nationally, More Than 10 Percent in Top Metros

“Not only are rents rising, they are rising faster every month and rents are up in all of the largest markets except for Las Vegas. The economy has strengthened enough to increase rental demand, but has yet to recover strongly enough for renters to become homeowners,” said Jed Kolko, Trulia’s Chief Economist. “However, as rent increases continue to outpace price increases, owning a home will become even more affordable relative to renting for people who are able to buy.” [...]

Forecast predicts strong recovery in multifamily housing over the next five years in U.S.

Between 2009 and 2011, nationwide multifamily housing starts rose 59% while single family starts declined 2% as high unemployment, falling home prices and increased foreclosures strengthened rental demand. According to the TD Economics report, favorable demographics and years of underinvestment have primed the South Atlantic for a sustained rebound in multifamily housing construction. Meanwhile, the Northeast is also on a path of recovery, but will lack the South Atlantic’s vigor because of slower population growth and lower rates of household formation. [...]

Home values and rents continue to climb in April

Rents Rise in Three-Quarters of Markets, According to April Zillow Real Estate Market Reports National home values rose for the second month in a row, climbing 0.7 percent from March to a Zillow Home Value Index of $147,300. This is the largest monthly increase in home values since January 2006, when they rose 0.8 percent, according to the April Zillow® Real Estate Market Reports. Rents also rose from March to April, increasing 1.6 percent, according to the Zillow Rent Index. Rents rose in 78 percent of the 178 markets covered by Zillow. [...]