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The new report reveals that three of the four components used to measure the health of the multifamily market are performing poorly.
Rent growth in the sector has averaged 6.2%, making student housing one of the best performing commercial real estate sectors
While operating conditions are healthy in the majority of Proligis' markets, customers remain focused on controlling costs, which is weighing on decision making and the pace of leasing, says CEO Hamid R. Moghadam on the firm's quarterly call.
A discrepancy of 70bps marked a return to a more normal pattern when the margin between the two groups was small
"The typical downpayment is near $60,000," said Redfin's chief economist Daryl Fairweather.
Asking rent growth for upscale four and five-star-rated apartments plunged from 11.8% year over year.
The median asking rent in March was just 3.3% below the record high of $2,054 in August 2022.
The Fed found evidence that large investors target homes with significant repair needs or deferred maintenance.
Over the next decade, 63% of incubators expect to open more locations and 52% project their average size to increase.
Housing has become so financially burdensome that some families can no longer afford other essentials