Posted on: February 18, 2012 by total
January 27th, 2012 The multifamily sector has strong prospects for growth and job creation, according to the National Apartment Association Education Institute (NAAEI). With a growing number of Americans renting, the demand for property managers is rising rapidly. Investors have been drawn in by the industry’s strong fundamentals, according to the NAAEI.
Posted on: February 16, 2012 by total
February 7th, 2012 Multifamily Executive reports that data from sources (including rental data firms MPF Research and RealFacts) suggests rental managers may need to stop increasing rents soon. Property management companies and rental owners increased rents an average of 2.3 and 4.7 percent during 2010 and 2011, MFE notes, but the Bureau of Labor Statistics only reported 2 percent growth in wages year-over-year during the third quarter of last year. This suggests rents may significantly outpace wage growth, analysts say, threatening to price residents out of their units.
Posted on: February 03, 2012 by total
Despite overall low levels of optimism among Americans, consumer sentiment trended in a positive direction in the final months of 2011, according to results from Fannie Mae’s December National Housing Survey.