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News Updates

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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SFR Rent Growth Edges Up in Q4 2023: Is the Slowdown Over?

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Four Out of Six Regions Showed Improved Year-Over-Year Rent Growth in Q4 2023 vs. Q3 2023 Rentometer has released their quarterly Rent Report for Q4 2023. The focus of the quarterly Rent Report is three-bedroom (3-BR) single-family rentals (SFRs). The Q4 2023 report covers 646 cities that had at least 25 data points for Q4 2022 and Q4 2023. Highlights from the report are as follows: Rentometer’s president, Mike Lapsley, commented

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HOME EQUITY DOWN SLIGHTLY ACROSS U.S. DURING FOURTH QUARTER BUT REMAINS STRONG

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Equity-Rich Portion of Mortgaged Homes Decreases While Seriously Underwater Level Rises; Overall Equity for Homeowners Also Ticks Downward Amid Decline in Home Values; But Nearly 95 Percent of Mortgaged Homeowners Still Have Equity Built Up ATTOM, a leading curator of land, property, and real estate data, released its fourth-quarter 2023 U.S. Home Equity & Underwater Report, which shows that 46.1 percent of mortgaged residential properties in the United States were considered

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