Month: April 2020

Positivity on the Horizon? Traffic and Leases Rise in Late April

It’s been more than a month since state and local governments began their lockdowns to fight the spread of the coronavirus. And we are seeing the reverberations across all multifamily markets.  I recently wrote about apartment data compiled by Radix for the week ending on April 15. That data showed that, nationally, traffic and signed…
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Signs of Slowing Unemployment; U.S. Jobless Claims Decline for Four Weeks in a Row

Although millions of people lost their job due to the growing spread of the coronavirus, a surge of companies is hiring additional employees to accommodate increased demands.

Majority of Realtors® Continue to Report Sellers Haven’t Lowered Listing Prices to Attract Buyers

More than 3 in 4 Realtors® working with sellers this week – 76% – reported their clients haven’t reduced listing prices to attract buyers.

Magma Equities Acquires 312-Unit Independence Park Apartment Community in Durham, North Carolina for $50 Million

DURHAM, NC – Magma Equities has acquired Independence Park Apartments, a 312-unit garden-style community in Durham, NC for $50 million. Independence Park is Magma s fifth apartment investment in the Tar Heel State in the past 14 months. Magma tied up the asset and was able to complete its due diligence and secure attractive agency…
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Easy as A/B Testing?

Easy as A/B Testing? During the past year, the NAR Research team has worked on improving survey invitations through multiple strategies. By:  Anna Schnerre

Anna Schnerre

NAR Calls Housing Market Slump Temporary as Pending Home Sales Fall in March

Expected pending sales declines, as a result of the coronavirus outbreak, happened in all regions of the country.

Akridge and KETTLER Partner to Develop 400-Unit Luxury Multifamily Community in Charlotte, North Carolina Market

CHARLOTTE, NC – Akridge has partnered with KETTLER to purchase a 2.5-acre parcel of land at the corner of Dunavant and Distribution in South End. The acquisition marks the first multifamily project in North Carolina for Akridge, who is also currently developing One Montford Park and recently opened an office in South End. Dunavant and…
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11 Million Struggling to Pay Mortgage Payments and Rent

The CARES Act stimulus package guarantees that all homeowners with a federally-backed mortgage can receive forbearance for up to one year if they struggle to meet mortgage payments because of a loss of income as a result of the coronavirus pandemic.

TikTok Making Its Way Into Apt Marketing (Just for Fun)

The idle time of shelter-at-home has spawned an explosion in TikTok use among people ranging in age from their teens to their 40s. TikTok has quickly and easily become the latest addictive social media craze. Just consider it was the fourth most downloaded app on iPhones in 2109 with 46 million downloads, trailing only YouTube,…
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