Industry personnel news from Green Street, Greystone, CBRE, JLL and Eastern Union.
Category: News and Trends
CMF Quote of the Week: June 27, 2024
“Many U.S. renters are and will remain burdened by the cost of having a roof over their head, and unlike homeowners, they’re not building wealth through rising property values.”
–Redfin Senior Economist Sheharyar Bokhari
Redfin: Fewer Than Half of Renters Make Enough for Median-Priced Apartment
Redfin, Seattle, released a new report finding that just 39% of renters make enough to afford the median-priced apartment nationwide.
State of the Nation’s Housing Report: Costs Strain Owners and Renters Alike
Both homeowners and renters are struggling with high housing costs, the Harvard Joint Center for Housing Studies reported yesterday.
Point2: Amid Build-to-Rent Boom, California Sees Most Luxury Options
Point2, Saskatoon, Saskatchewan, released an analysis finding that five of the top 10 cities with the highest shares of luxury houses for rent are in California
Zillow: Housing Deficit Continues to Grow
Zillow, Seattle, released an analysis revealing the U.S. housing shortage grew to 4.5 million homes in 2022, up from 4.3 million in 2021.
RealPage: U.S. Apartment Occupancy Rates Up in Most Markets
RealPage, Richardson, Texas, found most markets across the country are seeing month-over-month apartment occupancy improvements.
Dealmaker: Berkadia Secures $400M Construction Loan for The Residences at Six Fisher Island
Related Group, Teddy Sagi and BH Group received a $400 million construction loan for The Residences at Six Fisher Island from Madison Realty Capital.
CREF Policy Update: MBA Urges HUD to Fix NSPIRE
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Commercial/Multifamily Briefs, June 27, 2024
Industry news in the commercial and multifamily space from Covius, CBRE and Markerr.