RealPage: Apartment Market Resilient
RealPage, Richardson, Texas, released its analysis of the apartment market in the second quarter, finding that the U.S. absorbed more than 227,000 units in the period.
Redfin: Asking Rents Fell 0.5% Year-Over-Year in June
Redfin, Seattle, reported the median U.S. asking rent fell 0.5% year-over-year to $1,642 in June. That marks the fourth straight month of annual declines.
WalletHub Compiles Best, Worst Places to Rent
WalletHub, Miami, released a new report analyzing where renters in the U.S. are best positioned across 21 key measures related to rental attractiveness and quality of life. The best city, the analysis found, was Overland Park, Kan.
Single-Tenant Net Lease Cap Rates Stabilize, Boulder Group Reports
Single-tenant net lease cap rates saw little change in the second quarter in a departure from recent years, according to The Boulder Group, Wilmette, Ill.
NIC: More Older Americans Move Into Senior Housing
The National Investment Center for Seniors Housing & Care, Annapolis, Md., found the senior housing occupancy rate increased from 87.3% in Q1 to 88.1% in Q2.
Zillow: National Housing Deficit Reached 4.7 Million in 2023
Zillow, Seattle, found that America’s housing deficit grew to nearly 4.7 million homes in 2023, up 159,000 from the previous year.
Dealmaker: KeyBank Provides $47M for California Affordable Housing
KeyBank Community Development Lending and Investment, Cleveland, provided a $32 million tax-exempt construction loan and a $15 million taxable construction loan to finance El Camino Commons, an affordable multifamily property in Oceanside, Calif.
