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6 days ago | 
globest.com | Kristen Smithberg
Multifamily rent growth remained steady in April, growing $5 to $1,736 across the country, a 0.9% year-over-year increase. While record levels of deliveries have put downward pressure on rents, strong job growth and fewer renters moving into homes have helped maintain a healthy absorption rate, said Yardi Matrix in its most recent national multifamily report.
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6 days ago | 
globest.com | Kristen Smithberg
Many American families struggle to afford housing as rents remain near record levels and the cost of buying a home is at an all-time high, but when you add in the high cost of childcare, it becomes even more challenging to pay for basic needs. According to a Redfin report, families pay as much for daycare as they do for rent in some markets.
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6 days ago | 
globest.com | Kristen Smithberg
Between 2017 and 2022, approximately 30,000 New Yorkers relocated to Florida’s Palm Beach and Miami-Dade counties, bringing with them a total income estimated at $9.2 billion. Historically, New York City has been a magnet for talent and opportunity, but recent shifts in migration patterns are showing that the future may not replicate past growth trends, according to a report from the nonprofit Citizen Budget Commission (CBC).
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1 week ago | 
globest.com | Kristen Smithberg
U.S. apartment operators appear to be focused on filling vacant units quickly as economic uncertainty amplifies across the country at the start of prime leasing season. Apartment occupancy surged in April, while rent growth backtracked slightly after seeing modest momentum, according to a RealPage analysis. Apartment occupancy registered at 95.7% in April, an increase of 40 basis points month over month. This marked the strongest monthly boost in occupancy in 15 years, RealPage said.
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1 week ago | 
globest.com | Kristen Smithberg
Washington, D.C., regained its spot atop the list of most popular rental markets during the first quarter, as measured by online engagement on RentCafe.com. The nation’s capital showed strong online activity across all metrics as the rental market prepares for the busiest moving season of the year. By region, the South dominates RentCafe’s ranking, with half of the cities in the top 30 for online engagement.
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1 week ago | 
globest.com | Kristen Smithberg
Single-family rentals (SFR) have become the fastest-growing segment of the U.S. rental market, driven in part by high demand among millennials faced with a persistently challenging homeownership market. Rather than owning, many apartment renters are choosing house renting as an intermediate rung, according to a Point2Homes analysis of recent Yardi Matrix data.
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1 week ago | 
globest.com | Kristen Smithberg
President Trump’s proposed budget includes substantially reducing federal spending on rental assistance programs administered by the Department of Housing and Urban Development (HUD). The Office of Management and Budget submitted a discretionary spending request to the Senate Committee on Appropriations outlining $33.6 billion in cuts to HUD’s budget.
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1 week ago | 
globest.com | Kristen Smithberg
The logistics real estate market is in flux due to the potential impacts of recent policy and economic initiatives coming out of Washington. Demand in the sector is primarily driven by consumption, and tariff-related uncertainty is shaping customer behavior in real time, according to a Prologis report on the industrial sector. Prologis draws its insights and predictions about the sector from Industrial Business Indicator (IBI) readings and direct feedback from logistics users.
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1 week ago | 
globest.com | Kristen Smithberg
Dallas and New York lead a list of metro areas that are thriving apartment markets, according to a ranking by CRED iQ. The firm analyzed commercial mortgage-backed securities (CMBS), Freddie Mac and Fannie Mae loan issuances over the past 15 months to identify the markets driving near-term multifamily momentum. The analysis revealed that the Dallas-Fort Worth MSA leads the country in multifamily scale, with nearly 104,000 units financed since January 2024.
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1 week ago | 
globest.com | Kristen Smithberg
The COVID-19 pandemic reversed historical norms in the U.S. apartment market. In particular, smaller markets have seen big population gains and, as a result, have posted higher apartment occupancy rates lately than their larger market peers, according to a RealPage analysis. Census Bureau data shows significant population gains in 2021 and 2022 in markets with less than 1 million residents, while urban areas with at least 1 million residents saw deep population declines during the same period.
