The repeal of long-standing Costa-Hawkins has the potential to capture thousands of previously market-rate apartments into local rent control. Local municipalities will have the authority to control units…
Read MoreRent collections held firm in the second quarter despite high unemployment as government stimulus mitigated the impact, yet the expiration of these benefits could weigh on multifamily.
Read MoreThe labor market continued to improve last month with the addition of 1.8 million jobs, below June’s gain of 4.8 million personnel. Business closures stemming from a rise in new COVID-19 cases in some parts of the country are slowing the pace of recovery. Total employment remains 12.8 million positions short…
Read MoreAfter surging as businesses reopened in June, the Consumer Confidence Index dipped in July as states reinstated some restrictions. The overall index is 92.6, down from 98.3 last month and 132.6 in February.
Read MoreDespite complications from the health crisis, sales of single-family homes are increasing as buyers adapt to new procedures. A greater appreciation for larger living spaces, population migration and historically low mortgage rates are all bolstering demand
Read MoreMay rent collection rates ended the month at 97% up for percent from the numbers we reported during the middle of last month. This high collection rate once again demonstrates that most renters continue to fulfill all rental obligations.
Read MoreThe prospects of acquiring real estate at deeply reduced prices has buyers lining up capital in preparation of a wave of distressed assets becoming available. However, investors may be disappointed…
Read MoreIn contrast to most other employment sectors, the number of courier messengers has not declined since February. Despite numerous health concerns, commerce is continuing to take place, including commercial real estate…
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