In late May of this year, the signs were already rising with the dry hot sun of interest rate increases. With them went the costs of interest rate caps
Market Trends
Selling Multifamily Property: Guide with eXp Commercial
Learn the process of selling your multifamily property with eXp Commercial. Maximize value and createRead more
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Market Trends
Selling an Apartment Building FAQ’s
Are you thinking of selling your multi-family property? Here are some of the most frequentlyRead more
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If You’re Hesitant To Hire A Broker For Your Multifamily Property Read This
The most important benefit of exclusively listing your property with a broker is representation.
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Market Trends
Should I Sell or Should I Hold? When is the best time for asset repositioning?
It doesn’t really matter what the current real estate market is like if you areRead more
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Why Should I Sell My Multifamily Property?
There are a number of reasons why people decide to sell their multifamily property, butRead more
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Coming off a year in which the apartment industry arguably turned in its best performance on record, owners and operators are facing more challenges in 2022.
Market Trends
More people are renting than ever. But what Chicago zip codes boast the highest share of renters?
With the cost of building a home at an all-time high, the dream of homeownership is taking a backseat for many people in America. Renting is at the highest level in half a century, and 43.7 million U.S. households are currently making do in rented apartments.
Market Trends
Here come the renters: U.S. households living in rental units hits 55-year high in 2021
How strong is the country’s multifamily market? A new study by RentCafe found that 43.7 million U.S. households lived in rentals in 2021. That’s the highest this figure has been in the last 55 years.
This decline in demand is not due to affordability but more so due to “a freeze in new household formation,” for example, roommates separating or children moving out of a parents’ home rather than residents moving from Class A to Class B and Class C or from higher-priced cities to more affordable suburbs.
This summer, for the first time in U.S. history, median rent costs in major cities surpassed $2,000 per month, according to a Redfin report issued in May.