Workforce Housing: Always a Sweet Spot
Acquiring underperforming assets for rehabilitation is a good strategy for navigating the current multifamily market, says columnist Lew Sichelman. By Lew Sichelman Acquiring underperforming assets for rehabilitation is a good strategy for navigating the current multifamily market, according to panelists at a virtual conference that took place in late October. With something on the order […]
Rental Market Poised for Boost As Homes Become Unaffordable
Several new and recent reports indicate that sales are lagging while large swaths of existing home owners are relocating specifically to cut costs. By Rayna Katz For the second consecutive month, pending home sales fell slightly in October, dipping by 1.1% according to the National Association of Realtors by 1.1%. The drop points to a […]
The Supply-Demand Imbalance Still Makes Multifamily an Attractive Investment
Before the pandemic, multifamily demand outpaced demand, and the problem has only been exacerbated by the pandemic. By Kelsi Maree Borland Before the pandemic struck, the multifamily market suffered from a severe supply-demand imbalance that fueled an affordability crisis both nationally and in states like California. Nothing has changed. The supply-demand imbalance remains, and the […]
October 2020 Looks Just Like October 2019 For Multifamily Rent Payments
As of Oct. 6, 79.4% of U.S. apartment households followed by the National Multifamily Housing Council’s Rent Payment Tracker had made a full or partial October rent payment. That is an uptick compared with the week ending Sept. 6, when 76.4% had paid, and the same as the week ending Oct. 6, 2019. By the end […]
Where Did All of the Evictions Go?
Evictions plummeted even in cities without eviction bans. By Jay Parsons You probably read over the last six months about a looming evictions crisis of historic scale. It’s been described as a “tsunami” and an “avalanche.” Some forecasters predicted as many to 30 to 40 million renters could be evicted. What happened? Not much—and that’s wonderful […]
Homeownership Becomes Less Affordable for Average Workers
Pricing in the third quarter shot higher than increases in wages and was not offset by super low mortgage rates. By Rayna Katz In spite of wage growth and a decline in mortgage rates, other market factors are placing home ownership out-of-reach for many Americans than ever before. Sharp increases in single-family home prices are […]
Multifamily Trends Continue Despite the COVID-19 Pandemic
The multifamily asset class has continued to show resiliency, according to CREXi. By Carley Beckum Despite the havoc the pandemic has visited upon commercial real estate, the multifamily asset class has continued to show resiliency, according to CREXi. “Many investors continue to seek multi unit properties for sale in 2020 as a safe and sound investment,” […]
NMHC, NAA See More Harm Than Good in Nationwide Eviction Moratorium
Apartment industry groups expressed disappointment Tuesday over the federal government’s enactment of a nationwide eviction moratorium that doesn’t include provisions for rental and unemployment assistance. The sweeping order stemming from the pandemic, in effect through Dec. 31 and covering all 43 million U.S. residential renters, was announced by the U.S. Centers for Disease Control and […]
36 CT Private Companies Make 2020’s Fastest-Growing List
The annual list released by Inc. ranks 5,000 of the fastest-growing privately-held companies in the United States. By Rich Kirby CONNECTICUT — Inc. this week announced its 2020 list of fastest-growing privately-held companies in the United States. The annual list offers a look into 5,000 of the most successful small businesses led by some of […]
OneWall Management Named To Inc. Magazine’s Annual List of America’s Fastest-Growing Private Companies—the Inc. 5000
OneWall Management Marks Three-Year Revenue Growth of Nearly 400 Percent OneWall Management, the in-house management group of OneWall Partners, an owner and manager of transit-oriented and lifestyle-oriented workforce housing, has been named to Inc. Magazine’s Annual List of America’s Fastest-Growing Private Companies—the Inc. 5000. OneWall Management achieved a three-year revenue growth of 397 percent. Headquartered […]
