Urban multifamily rental demand is improving as pandemic restrictions are lifted and workers return to offices, but a full recovery could take longer than prior recoveries, reported Fitch Ratings, New York.
Tag: Multifamily Housing
Renters Struggle as Income Stagnates, Unemployment Remains High
Renters’ median income growth stopped last year, and more than three million renters who face COVID-19 unemployment carry extreme housing cost burdens, analysts said.
Apartment Investment Bounces Back in Third Quarter
Freddie Mac, McLean, Va., said its Apartment Investment Market Index turned positive in the third quarter despite contractions in several major metros.
Generation Z Renters Moving On Up
More young adults are returning to the rental market reported Zillow, Seattle.
Multifamily Market Musings: Conversation with Fannie Mae’s Kim Betancourt, CRE
This year’s industry developments are dominated by the pandemic as well as associated social, political and economic impacts. Given this backdrop and the continued role of the GSEs in financing multifamily throughout market ups and downs, MBA NewsLink talked with Fannie Mae’s Kim Betancourt to get perspective on trends and what to watch as the multifamily market continues to evolve.
MBANow: MBA SVP Mike Flood Discusses Rental Assistance
Mortgage Bankers Association Senior Vice President of Commercial/Multifamily Mike Flood joined MBANow to discuss the CARES Act’s unemployment benefits and rental assistance.
2020 Storm Surge Forecast Sees 7.4 Million Residences at Risk
Okay, just to recap: So far in 2020, we’ve had the COVID-19 pandemic; partial collapse of the U.S. economy; no spring home buying season; dam breaches in Michigan; one of the busiest tornado seasons this decade; and, God help us, “murder hornets.” Now it’s June, and the official start of North American hurricane season.
Rental Affordability Challenges Climb Income Ladder
It is growing harder for middle-income Americans to afford to rent an apartment, the Harvard Joint Center for Housing Studies reported.
Creating Affordable Apartment Rents in High-Cost Areas
Unique financing structures help create affordable apartment rents even in high-cost areas, said Freddie Mac, McLean, Va.
Federal Banking Regulatory Agencies Issue Final HVCRE Rule
Three federal bank regulatory agencies this week finalized a rule to modify the treatment of high volatility commercial real estate, a move long advocated by the Mortgage Bankers Association.