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Downtown multifamily construction has flourished across the U.S. over the last decade in response to people’s changing preferences. Even with many people’s shift to suburban life caused by COVID-19, the shine of city living has yet to be dimmed.

When asked about the greatest challenges their clients face, real estate agents often mention cash flow and high commercial and residential real estate costs. To provide solutions to these hurdles, the eXp Partners program has partnered with O’Connor, a property tax consulting firm.   Through O’Connor, eXp Realty residential and commercial agents can help their clients reduce high costs...

Resilient. That’s how a new report from The Laramar Group describes the multifamily market across the nation and the Midwest. According to the Laramar Group’s Mid-Year Multifamily Review, record-low vacancy rates and double-digit rent growth will continue to fuel the multifamily market across the United States. This doesn’t mean that this sector won’t face challenges throughout the rest of 2022...

On September 1, 2022, the U.S. Department of Housing and Urban Development (HUD) released its updated fair market rents (FMRs) for fiscal year 2023. Each year, HUD updates the FMRs to, among other things, set a reasonable payment standard for public housing agency (PHA) payments to housing providers participating in the Section 8 Housing Choice Voucher (HCV) program. Nationally, the average FMR increased...

Here’s one of the most widely misunderstood realities of rental affordability: The renters seeing the largest rent hikes are upper-income households in the most expensive rentals, and despite larger rent increases, they’re least likely to miss a rent payment. On the flip side, rent payments have fallen the most in subsidized affordable housing – where rents have grown the least, since those rents...

Resident retention remains a high priority, and these five incentives can help earn renewals. 5 Incentives to Increase Multifamily Lease Renewals - It costs a whopping $3,976 to replace one of your residents when they don’t renew their lease, which is up from $3,850 last year, according to Zego’s “The 2022 State of Resident Experience Management Report.” One of the most valuable assets to any...