Single-family rentals (SFRs) were back in the spotlight last week with several news stories highlighting strong fundamentals for this asset class. Natalie Dolce of Globe St. begins by citing a…
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Newsletter:
Limited housing supply is boosting the market despite economic turmoil
A lawsuit was recently filed by renters alleging that rent pricing software YieldStar’s (owned by RealPage) “coordinated algorithmic pricing has caused anticompetitive effects in the form of higher prices and…
An upcoming golden age for remodeling
New data from the Consumer Price Index released last week shows that inflation remains stubbornly high at 8.2%. According to Jeanna Smialek of The New York Times, despite this being…
Florida real estate and the climate risk
Fears of a recession have kept many would-be renters on the sidelines, according to a new report from RealPage. Despite record demand in 2021 and ever-increasing rents, apartment demand has…
The rise of always renters?
Joe Weisenthal of Bloomberg opens up for us this week outlining the decline in housing affordability due to rising interest rates, which is leading to more demand for rental housing.…
Apartment rents drop for first time in mid-2022
CoreLogic released its latest Single-Family Rent Index (SFRI) last week, which looks at SFR rents nationally. The report found that although rent growth year-over-year in July was up 12.6%, it…
Mortgage layoffs continue amidst volume deceleration [2022]
The short-term rental market has continued to grow according to new data from AirDNA. Reportedly, current available STR listings are sitting at 1.39 million, up 25.5% year-over-year (YoY). Further, demand…
Credit card debt at record highs in 2022
The Federal Reserve Bank of New York released a report last month highlighting that household debt in the U.S. rose $312 billion in Q2 2022 to a total of $16.15…
Mortgage volume at 22-year lows in Q2 2022
Last month, the world’s largest real estate holder Blackstone raised a record $30 billion fund. According to Miriam Gottfried of The Wall Street Journal (subscription required), the Blackstone Real Estate…