Renting remains cheaper than buying a home in all 50 of the largest U.S. metros, with the difference between the two growing in 38 metros since last year, according to Bankrate, New York.
Tag: Multifamily
Multifamily Performance Solid in March, Yardi Matrix Finds
Yardi Matrix, Santa Barbara, Calif., found the average U.S. advertised multifamily asking rent grew $5 nationally in March to $1,755.
Single-Family Construction Ends 2024 With Growth; Greater Uncertainty for 2025
A lack of existing home inventory boosted single-family construction growth in all geographic regions to end 2024, according to the National Association of Home Builders Home Building Geography Index for fourth-quarter 2024.
Yardi Matrix: U.S. Multifamily Enters 2025 in Good Shape
Yardi Matrix, Santa Barbara, Calif., said the multifamily market is entering 2025 in good shape, after strong demand in many markets.
CBRE: Multifamily Market Sees Vacancy Rate Decline
CBRE, Dallas, reported the U.S. multifamily market’s vacancy rate fell in the third quarter for the first time in more than two years, with renter demand outpacing new supply deliveries.
MBA Newslink Multifamily Roundtable: Rates, Refinancings and Resolutions
MBA NewsLink interviewed three analysts, Brian Bailey, Kim Betancourt and Chong Sin, about their thoughts on the multifamily landscape.
Yardi Matrix: July Multifamily Data Shows Positive Signs Despite Modest Rent Growth
Yardi Matrix, Santa Barbara, Calif., found multifamily advertised rents rose for the sixth straight month in July as demand from economic growth and demographics remained solid. The average rent increased $4 to $1,743, or 0.2% month-over-month, and is up by 0.8% year-over-year.
Yardi Matrix Anticipates Minimal Rent Growth for Second Half of Year
Yardi Matrix, Santa Barbara, Calif., released its U.S. Multifamily Outlook for Summer 2024, finding that while multifamily performance continues to be strong, rent growth is likely to remain slow through the rest of the year.
Dealmaker: Greystone Closes $22.9M Transaction for Texas Multifamily Property
Greystone, New York, closed a bridge loan debt placement and preferred equity component to refinance a multifamily property in Fort Worth, Texas. The financing totaled $22.9 million.
Newmark Finds Surging Multifamily Demand
Newmark, New York, reported multifamily demand surged in the first quarter with nearly 104,000 units absorbed–the largest first-quarter total since 2000.