Millennials who took on a new rental lease in July saw their overall cost of goods and services increase 11.6% year over year, substantially higher than 8.5% for the U.S. population as a whole, said Redfin, Seattle.
Category: News and Trends
HUD Publishes Fiscal Year 2023 Fair Market Rents
HUD on Thursday published Fair Market Rents for fiscal year 2023.
Multifamily Professionals See Increased Demand in Second Half
The multifamily market is seeing increased demand despite rising rent and interest rates, reported Berkadia, New York.
REITs Finish Second Quarter on Positive Note
repp LLC, New York, reported real estate investment trust earnings turned positive in the second quarter as most firms beat their consensus earnings estimates.
Dealmaker: BWE Closes $75M for Arizona Multifamily
Bellwether Enterprise Real Estate Capital LLC, Cleveland, Ohio, closed a $75 million HUD 221(d)(4) loan to construct Legado Apartments, a multifamily property in downtown Prescott Valley, Ariz.
MBA Chart of the Week: Quarterly NCREIF Property Returns
Federal Reserve Board Chair Jerome Powell warned at Jackson Hole, Wyo., last month, “Inflation is running well above 2 percent, and high inflation has continued to spread through the economy. While the lower inflation readings for July are welcome, a single month’s improvement falls far short of what the Committee will need to see before we are confident that inflation is moving down.”
Retail Sector Benefits from Job Growth
The retail sector is reaping the benefits of recent strong job growth, reported Marcus & Millichap, Calabasas, Calif.
Employers Add 315,000 August Jobs
July job growth slowed from June, the Bureau of Labor Statistics said on Friday—but analysts said that’s not necessarily a bad thing.
CRE Briefs, September 8, 2022
News in brief from Northmarq, CBRE, Zumper and Partner Engineering and Science, Inc.
MBA CREF Policy Update Sept. 8, 2022
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.