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Category: News and Trends
Redfin: Asking Rents Up 0.6% in September
Redfin, Seattle, found asking rents rose by 0.6% year-over-year in September to $1,634. On a monthly basis, they fell 0.2% from August.
Dodge Finds a Dip in Commercial Properties Entering Planning Stage
The Dodge Momentum Index–a measure of the value of nonresidential building projects going into planning–decreased 4.2% in September, and commercial properties entering the planning stage contracted 7.8%, according to the Dodge Construction Network, Bedford, Mass.
Point2: House Renters Prioritizing Space, Pets, Privacy
Point2, Saskatoon, Saskatchewan, conducted a survey of renters of single-family homes, finding that privacy and space are among the top motivators–but the comfort of their furry friends also ranks high.
RentCafe: In Shift, Detroit Tops List of Most Sought-After City for Renters
RentCafe, Santa Barbara, Calif., released its Rental Activity Report for September, finding Detroit took the top spot.
CREF Policy Update: MBA Responds to HUD Proposal on Loan Disbursements
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Dealmaker: Walker & Dunlop Arranges $137M for Downtown Boston Multifamily
Walker & Dunlop, Bethesda, Md., arranged $137.2 million for LUKA on the Common, a 398-unit, 30-story apartment community in downtown Boston.
CMF Quote of the Week
“There is a stagnant supply of net lease properties on the market resulting from limited transaction activity from both private and institutional buyers.”
–Boulder Group President Randy Blankstein
Yardi Matrix: Fully Affordable Housing Deliveries to Hit Peak in 2025
Yardi Matrix, Santa Barbara, Calif., released a new study on affordable housing, forecasting that deliveries of fully affordable housing will reach 69,600 in 2024 and 70,500 in 2025, before dropping in future years.
RCN Capital: Real Estate Investor Optimism Grows
RCN Capital, South Windsor, Conn., released its Fall 2024 RCN Capital/CJ Patrick Co. Investor Sentiment Index, finding that 68% of real estate investors view today’s market as better or much better than it was a year ago.