A rent growth trend is forming again. The May 2023 Apartment List National Rent Report shows the rent index increased by 0.5% during April, which is the third straight month of rent growth.Year-over-year (YoY) rent growth at 1.7% is at the lowest…
How can you keep leasing staff members motivated so they consistently meet or exceed their sales goals? That’s the eternal question—and one that is poised to become ever more important as vacancy rates are expected to rise in the coming year.
In…
Airbnb and Starwood Capital Group are partnering to provide residents the ability to use the short-term rental platform. Airbnb has 250 buildings it is partnering with, according to Bloomberg. Airbnb-friendly apartments are in 38 cities.According to…
More than 10,000 affordable apartments are being preserved thanks to a $1.2 billion acquisition. The Community Development Trust (CDT) along with The Michaels Organization and Goldman Sachs Urban Investment Group acquired 90 affordable housing…
Wichita, Kan., gives renters the most bang for their buck. According to new research from RentCafe, residents can have 1,463 square feet for $1,500. That’s almost twice as much as the national average of 782 square feet.The study reviewed 200 U.S.…
The National Apartment Association (NAA) has been working diligently in its response to the White House’s Blueprint for a Renters Bill of Rights by asserting industry perspective. Here are a few updates on our recent activities:
Resident…
CPI, Latest Release, April 2023
Inflation rose 5.0% year-over-year on a seasonally adjusted basis, in line with concession expectations and matching last month’s rate. Core CPI (excluding food and energy) has settled in the 5.5%-5.6…
The Seattle City Council recently passed an ordinance that caps apartment move-in charges and allows residents to pay these costs in installments.
Going forward, the security deposit and any nonrefundable fees cannot be more than the cost of the…
On April 26, 2023, the U.S. Senate Banking Committee held a hearing entitled “Building Consensus to Address Housing Challenges,” providing an opportunity for the rental housing industry to collaborate with lawmakers to address key housing issues…