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Apartment rents registered an increase last month, with the median asking rate rising 1.1% on an annual basis — the first month since last summer that the pace of rent growth has climbed, according to Realtor.com. Some experts think the rental market is due for another period of growth, which could be accelerated by rising home prices. Read full story
Investors most active in December, with $24.9 billion in sales. Read full story
Many landlords had been eagerly anticipating the end of the CDC eviction moratorium that was slated for the end of 2020. While no landlord relishes having to evict tenants who are struggling due to the economic impact of COVID-19, the industry has been left with little other choice, given the complete lack of support offered by the government to landlords. Read full story
While the federal eviction moratorium continues to the end of March, many states have started taking matters into their own hands. California recently passed legislation that extends the moratorium through June 30 and applies federal stimulus money to pay up to 80% of tenants’ unpaid rent – but there is a catch – landlords must agree to forgive the rest of their tenants’ debt. …
Buyers have closed these deals to buy apartment properties with help from new capital from investors. Read full story
With demand stronger than ever, competition is stiffest for older properties with potential. Read full story
Research firm CBRE highlights healthy growth in the suburban multifamily market that will outpace performance in urban centers. These areas will enjoy lower vacancy rates and post higher rent growth. Read full story
The owners of apartment properties may soon struggle to renew insurance policies for floods and terror attacks, and that may already be increasing the difficulty in securing financing or refinancing for those properties. Read full story
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