Archive for February 2021
Multifamily Fundamentals Expected to Stabilize By Q2
Net absorption in the fourth quarter was far better than expected. Multifamily fundamentals are expected to stabilize as soon as the second quarter of this year, according to new research from CBRE. In a new report, the firm says it expects “steady market recovery†through the second half of 2021. Net absorption for multifamily during…
Read MoreBuilding permits dipped 23 percent in L.A. during final months of 2020
COVID-19 continues to impact the real estate and construction industries in L.A Even as COVID-19 has continued to spread in Los Angeles, developers have pushed forward with construction on a handful of large, visible projects in neighborhoods such as Downtown and Hollywood. But while new towers have continued to reshape the region’s skyline, new statistics highlight how…
Read MoreFannie Mae reports rising confidence in housing market
Largely driven by a 7% point jump in homeowners confidence to sell Following two months of steady declines, Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, rose in January. The HSPI rose 3.7 points last month to 77.7. Though it’s undoubtedly…
Read More5 million missed rent or mortgage payments in December
That’s actually an improvement on the 6 million who missed payments in September, MBA says Roughly 5 million households did not make their rent or mortgage payments in December, and 3.5 million renters and homeowners feel at risk of losing their home, according to new research from the Mortgage Bankers Association. There are some bright spots,…
Read MoreApartment Developers Increasing Unit Sizes For New Projects In Response To Pandemic
FacebookTwitterLinkedInEmailPrint Renters have gravitated toward larger apartments as they have spent more time at home over the last year, a trend that is beginning to influence the way developers think about unit sizes in their future projects. Before the coronavirus pandemic, new apartment projects had been trending toward smaller units, as many renters wanted more affordable options…
Read MoreBiden’s First Executive Action On Housing Begins Reshaping Of Fair Housing Rules
FacebookTwitterLinkedInEmailPrint With the stroke of a pen less than a week after taking office, President Joe Biden began the process of undoing his predecessor’s housing policy, setting the federal government on a course that acknowledges past racial injustices it perpetrated and promises robust action in the future. The action isn’t much more than a first step, according to…
Read MoreWhat Landlords Should Consider as Eviction Moratoriums End
Navigating this terrain requires a lot more delicacy and empathy than in normal times. 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…
Read MoreThe Pandemic Brings New Opportunity to the West L.A. Apartment Market
The Westside is well known for being a high-barrier-to-entry market, but following the pandemic, buyer’s now have the upper hand. By Kelsi Maree Borland | February 03, 2021 at 04:00 AM The pandemic has significantly shifted dynamics in West Los Angeles’ apartment market. Once known as one of the highest-barrier-to-entry markets in the nation, the Westside is now…
Read MorePlummeting Coastal Apartment Rents May Have Reached Bottom
Meanwhile those mid-sized markets that saw rents grow rapidly posted just modest increases. By Lynn Pollack | February 03, 2021 In a sign that rental markets may be stabilizing in the wake of COVID-19, apartment rents registered their first—albeit small—increase since August, with Apartment List’s national index ticking up a modest 0.1% from December to January. The uptick…
Read MoreTesting Is The Key To Reopening, And Real Estate Is Gearing Up To Play Its Part
FacebookTwitterLinkedInEmailPrint New York is in the early stages of hatching a plan to involve real estate in rolling out more testing across the city, a crucial step for the country’s largest economic engine to reopen. While the ambitious rollout may well face a slew of logistical challenges, real estate players are keen to play a role in reigniting…
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