This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Oralia Herreras journey from an 8-year-old immigrant and tenant in a Chicago apartment to newly appointed president of the National Association of Hispanic Real Estate Professionals (NAHREP) is one she wouldn’t change a thing about. Her family were tenants of Tom Kostopoulos, the founder of Century 21 TK Realty in Chicago.
While some believe the “American Dream” is still attainable in today’s market, new Point2 data showed that a growing number of prospective homebuyers do not see themselves as homeowners, citing a combination of factors such as mortgage rates, availability, and growing home prices.
rental market has become more competitive than ever, driven by a combination of rising demand, limited availability due to a lack of new rental housing supply, and regional economic pressures. A market under pressure: rising rents nationwide Rental prices across the U.S. Los Angeles: A case study in market strain On the other U.S.
The Federal Housing Finance Agency (FHFA) has announced a set of required tenant protections for multifamily properties financed by Fannie Mae and Freddie Mac (the GSEs). The GSEs will monitor and enforce these tenant protections, and failure to comply could result in penalties under the loan agreement.
As a founder / CEO, I’ve seen my fair share of market cycles. Today, I want to dive deep into the current rental market environment, share some personal insights, and most importantly, discuss how we can address these challenges head-on. A Cautionary Tale from 2013 Let me start with a personal story. But the tide turned quickly.
The single-family rental (SFR) market, which has outperformed the apartment rental sector in recent years, is showing clear signs of slowing. The report , which analyzed rental prices in 857 cities, highlights rising vacancies, shifting regional trends, and the impact of build-to-rent developments as key factors influencing rent prices.
Landlords who refuse to participate cite several reasons, including what they regard as undue regulatory burdens and concerns about tenant “quality.” PHAs – which landlords believe should side with them more often in landlord-tenant disputes. PHAs – which landlords believe should side with them more often in landlord-tenant disputes.
In this executive conversation, Steven Katz, Executive Vice President and Chief Investment Officer of Residential Financing at Arbor Realty Trust, shares his thoughts on the burgeoning build-to-rent (BTR) market. He also offers valuable insights into the appeal of BTR communities and emerging markets to watch closely.
Housing Market Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability. Regulatory Developments: Key updates on policy changes and new regulations affecting industry compliance and operations. Dr. Bill Conerly has a Ph.D.
Department of Housing and Urban Development (HUD)s Housing Choice Voucher (HCV) program for rental assistance , widely referred to as Section 8 vouchers. Leak traced the misallocation within months, the Journal Sentinel reported. The source of the financial discrepancy reportedly came from the misallocation of funds tied to U.S.
I grew up in Houston, and I’ve seen the benefits and the pitfalls of real estate development in perhaps the most lightly regulated city in the United States — a place where developers don’t fret about complex building regulations, because such regulations simply don’t exist. The results are uneven, but can be inspiring.
For agents, staying informed about these developments is essential for strategic decision-making and client guidance in the coming year and beyond. Plus, seeking the most efficient tools to service this segment and help create income while the for-sale market remains challenged and provides less opportunities.
He bought it from an outside landlord who didnt have the local market knowledge or presence needed for property management. Like Richards, most Auction.com buyers are local community developers who have a deep knowledge of the markets and submarkets where they are buying. Additionally, three of them are on the same street.
As the housing market continues to be marked by high mortgage rates and record-breaking home prices across many U.S. This rise reflects a growing trend among developers to construct homes specifically for the rental market, catering to those who desire the benefits of single-family living but might not have the means, or desire, to purchase.
According to Zillow s most recent market report, rented single-family homes are currently the most notable item on the real estate market, with prices 20% higher than those of a typical multifamily apartment. Instead, in an effort to attract tenants, property managers are increasingly using concessions.
The Federal Housing Finance Agency (FHFA), along with Fannie Mae and Freddie Mac , stated in the blueprint that the agencies will consider the establishment of tenant protections to limit “egregious rent increases” for properties purchased with certain types of federal mortgages. The focus will also be put on the multifamily market.
Housing affordability has plummeted to its lowest level since the 1980s, keeping many Americans in the rental market. But even in places with substantial rental supply, developers have been able to keep BTR homes mostly full. But even in places with substantial rental supply, developers have been able to keep BTR homes mostly full.
Older homeowners have given their input on the state of the market and their desire to age in place. Over 30% of the income of over 10 million senior tenants was spent on housing. Only 36.5% of eligible households received government housing aid in 2021, while 11.2 million older people spent more than 30% of their income on housing.
The pandemic hangover, which has left many tenants straining to make rent, translates to lower rent collections, and in turn less cash flow, for owners. Labor costs for property management have increased nearly 50% in some markets, and security needs and costs have risen, too. The capital markets can help too.
The lack of affordable housing in the United States is well-documented in the nation’s urban markets, where it is contributing to the swelling ranks of the homeless. So, [if tenants lose Section 515 housing) they have to move in with family, move in with friends or have to relocate, or maybe they have to live in a tent in the woods.”
of rental listings in the country are located in areas that offer tenants protection against source of income or voucher discrimination. The Department of Housing and Urban Development attempted to crack down on landlord discrimination back in 2018. Still, federal law does not prevent landlords from rejecting all housing vouchers.
This increase coincides with fierce competition among tenants and a widespread lack of rental flats. Only 3,709 of the 55,339 office-to-apartments that were in some stage of development in January of last year were finished by December, meaning that 51,630 units remained unfinished until 2025. Washington, D.C.,
California’s SB 1157 has made a significant impact on the lives of tenants in subsidized housing developments. This groundbreaking state-specific law mandates that landlords who own or operate such properties offer their tenants the option to have their rental payments reported to credit bureaus.
The use case developed by Langdale and her team was recognized as the most promising use case of gen AI for consumer experience. How did your team decide on what they wanted to develop? How did you guys think about that when you were developing the use case? Langdale has been in the mortgage industry for more than 20 years.
The Consumer Federation of America (CFA) is calling for policy changes that would help alleviate the difficulties for homebuyers using Federal Housing Administration (FHA) loans when competing in tight markets. mortgage market in 2023, up from 14.3% of the U.S. in 2022, according to HUD.
While the odds are stacked against this proposal ever passing Congress, a federal rent control law would be catastrophic to renters and our nation’s rental housing market.” Department of Housing and Urban Development (HUD) announced $325 million in Choice Neighborhood grants for affordable housing construction and community development.
For Universal Studios employees, the owners of the park are seeking to construct a 1,000-unit mixed-use development slated to open in 2026 that would promise a short commute to the Universal Orlando Resort, which is also aiming to open a full-scale third theme park called “Epic Universe” next year.
It initially sought members with expertise in fields such as fair lending, fair housing, civil rights, capital markets, investments, single-family and multifamily lending, community advocacy, Low-Income Housing Tax Credits , research and more. The FHFA began soliciting applications for the committee in September 2023.
In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Some smart lenders, especially among credit unions, have developed some great products for ADU financing.
Still , Vice Chair, Pulte Financial Services Sheri Thompson , EVP, Head of Affordable Housing, Walker & Dunlop Eileen Tu , VP, Mortgage Policy and Credit Development, Rocket Mortgage John Wiechmann , President/CEO, Midwest Housing Equity Group Inc.
In light of the current surge in the number of prospective tenants, a new Realtor.com report titled “Top 10 Markets for Renters” indicates that cities in the Midwest and South rank highest for availability, affordability, and economic growth as well as for having commute times that are shorter than average.
Department of Housing and Urban Development (HUD) have published a new report identifying the locations of people seeking Federal Housing Administration (FHA) rental and homeownership assistance programs. Researchers at the U.S.
For instance, almost three-quarters of Gen Z tenants in cities like San Diego, Los Angeles, and Sacramento are burdened by their rent. Department of Housing and Urban Development (HUD), especially through the use of Housing Choice Vouchers (HCVs). Since then, the need for vouchers has grown. million households in the U.S.
While multifamily development starts have dipped below their 10-year historical average, there is still a backlog of new units entering the market each month, limiting how much prices can rise. Meanwhile, rents are rising in many Midwest metros because the region simply isn’t developing enough apartments. this summer.
Though the pandemic is causing pain throughout the housing sector, it also creates an opportunity to enact common-sense industry reforms that address the root causes of the affordable housing crisis that has beset the market for over a decade — even amid a period of strong economic expansion. consumer spending. It’s time for the U.S.
The Single-Family Rental (SFR) inventory and days-on-market continue to climb gradually, according to HouseCanary, Inc. ‘s As a result, and in line with earlier data, the steady increase in days-on-market and inventory levels, along with the continued demand for rentals as an alternative to house ownership, led to a minor 2.3%
Imagine that the local government where you live is invoking eminent domain rights concerning your dear home to build a road or park or let a private developer do as they will (Kelo v. To make matters worse, there has been no offer to pay you for your home’s fair market and sales value. New London in 2005).
I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. You’ll want to include the list price, sale price, and days on market. Call or text me with any real estate questions!
CEO Christopher Abate outlined the company’s strategy to expand its reach in existing markets while also seeking out strategic investments in new markets. LeaseLock , another insurtech platform that provides a low-cost solution for tenants to cover their security deposit without the upfront cash outlay.
He also mentions Pretium’s evolution from targeting single-family rentals to other assets, with a greater focus on technology and operational efficiency to better serve landlords and tenants. Burns asks Mullen for a ballpark estimate of how long it takes Pretium to analyze an investment opportunity. Mullen shares that the company raised $1.5
Mixed-use development in 2021 may not resemble Orbit City, but commercial builders, architects, and real estate investors are undoubtedly re-engineering the proximity of your personal and professional orbit. This type of development provides the “live, work, play, gather” atmosphere in a convenient manner.
There has been a lot of fanfare about the new Related Companies ' Hudson Yards ' mixed-use development being created over the West Side Yard in Manhattan and is connected to ' The Highline. ' Teachable moment for condo development naming strategies that include a company: Don't do it. Here is a rendering of the completed Hudson Yards.
Funds will go to short-term emergency rental assistance, eviction defense, tenant outreach and education, direct cash assistance for low-income seniors and individuals with disabilities, tenant protections and affordable housing development, according to reports.
Working as a commercial real estate developer can be a lucrative career path for savvy entrepreneurs. Setting Yourself Up for Success in Real Estate Development. Perhaps the most important trait for a commercial real estate developer is the ability to identify an ideal piece of land. Invest in marketing.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content