REI INK

Survey Finds Despite Cooling Rental Prices, Homeownership Remains Out of Reach for Many

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Fewer independent landlords are planning to raise rents this year, but tenants paying persistently higher rents say it’s likely to impact their home purchasing plans this year Over the past few years it’s become more expensive than ever to rent, and with rental affordability a pressing national concern, landlords and tenants alike say it’s impacting their future plans, according to a new Realtor.com® Avail Landlord & Renter Survey. Fewer surveyed independent landlords are planning to

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Top 10 states to which Gen Zers are moving (and the states they are leaving)

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New Zillow analysis finds Texas, California top the list of Gen Z relocation destinations Gen Z may prioritize job opportunities and sunshine over affordability when moving out of state. A new Zillow® analysis of the U.S. Census Bureau’s 2022 American Community Survey (ACS) finds Gen Z interstate movers flocked to California, even as the state experienced the highest outbound migration among all out-of-state movers.  Nearly 215,000 movers left California in 2022, yet the Golden State saw

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Mortgage Rate Optimism Hits Survey High

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Consumer Sentiment toward Housing at Highest Level in Nearly Two Years The Fannie Mae Home Purchase Sentiment Index® (HPSI) increased 3.5 points in January to 70.7, its highest level since March 2022, due primarily to increased consumer confidence in job security and another significant jump in the share of consumers expecting mortgage rates to decrease. In January, 82% of consumers indicated that they are not concerned about losing their job in the next

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Yardi Matrix Anticipates Slowdown in New Construction in 2024

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Multifamily construction starts expected to continue to moderate this year Multifamily construction starts declined in 2023, but exceeded expectations considering the turmoil in the financial markets. A new report on multifamily construction starts from Yardi® Matrix states that the number of units that broke ground in 2023 ranks third in recent years, behind 2022 and 2021. Full year data for 2023 is collected with a lag. As such, data shows that there

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Rampant, Increasing Fraud Impacting Rental Housing Costs

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Throughout the country, incidences of rental application, financial and identity fraud are on the rise and fueled by social media. Results from a groundbreaking new survey of rental housing providers have revealed staggering increases of fraud, contributing to both the growth in rents and number of evictions. A vast majority of respondents (70.7%) reported experiencing an increase in fraudulent applications and payments, utilizing fraudulent documentation, financial statements and even identities in the

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PetScreening Recognized As A CRE Technology Influencer

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Award from GlobeSt. Honors Company’s Impact on Multifamily Industry  PetScreening, which offers the rental housing industry’s first and leading pet policy management software at no charge to property owners and managers, announced it has been named a 2024 Influencer in Commercial Real Estate Technology by GlobeSt. The awards program recognizes companies and individuals who provide innovative technology applications for property owners and operators in the multifamily, retail, industrial, office, hospitality

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