Month: July 2023

CORTLAND HIRES JUAN BUENO AS PRESIDENT OF OPERATIONS

Cortland, a vertically integrated, multifamily real estate investment, development, and management company, announced it has appointed Juan Bueno President of Operations to support the firm's operating platform.  In this newly created role, Bueno will oversee a variety of...

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Apartment Market Continues to Loosen

Transactions Pull Back Further Due to Rising Cost of Capital Apartment market conditions continued to weaken in the National Multifamily Housing Council’s (NMHC’s) Quarterly Survey of Apartment Market Conditions for July 2023, as the Market Tightness (26), Sales Volume (40), Equity Financing (22)...

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Inflation is Slowing, But Fully Quelling It Will Be Tough

Limited Supply of Homes for Sale Boosts Prices, New Home Construction While the latest data on inflation has provided reason for optimism, less favorable base effects are likely to slow further progress in reducing annual inflation to the preferred 2-percent target, according to the July...

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U.S. Home Prices Rise For the First Time in Nearly Five Months

Elevated mortgage rates are cutting into homebuyers’ budgets. But this week’s inflation report—which shows that consumer prices are cooling quickly—provides a glimmer of hope that mortgage rates could gradually start to come down. The median U.S. home-sale price rose 1.5% from a year earlier...

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Home Rents Continue to Rise in Q2 2023

89% of U.S. Cities Experienced Year-Over-Year Rent Increases 36% of the cities analyzed experienced double-digit rent increases Rentometer has released their Q2 2023 Rent Report for three-bedroom (3-BR) houses that are single-family rentals (SFRs). Rentometer collects data for all residential...

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