Month: May 2020

At the national level, housing affordability improved in March 2020 compared to a year ago but fell compared to February, and median home prices rose 8.0 % in March from one year ago.

Property management is as equally tasking as it is rewarding. However, for most property managers, bad tenants are the most prominent and also the most common challenge. Even with the best tenant screening system in place, these problematic tenants can still end up in your rental properties. Unfortunately, they will make your life as a…
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Each of the four major regions reported a dip in sales, with the West suffering the largest decrease, but home prices remain strong.

ORLANDO, FL – Mill Creek Residential, a leading multifamily developer and operator specializing in premier apartment communities across the U.S., announced the groundbreaking of Modera Creative Village, a contemporary mixed-use apartment community in the emerging Creative Village district of Downtown Orlando. The eight-story midrise, which will feature 292 apartment homes and approximately 10,000 feet of…
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During these first few months of the COVID-19 crisis, the two things that multifamily operators are most concerned about are rent collections and leasing volumes. So far the results have been more than a little bit interesting (and to many people counter-intuitive). On the leasing side, we saw a massive drop in demand in the first three…
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HAMILTON, NJ – Total construction starts declined 25% from March to April to a seasonally adjusted annual rate of $572.2 billion as COVID-19 and economic recession hit the construction sector. In April, nonresidential building starts fell 37% from March, while residential dropped 25%. The decline in nonbuilding construction starts was more tepid, falling just 5%…
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Time Needed by Renters and Homeowners to Repay… Forbearance does not mean forgiveness, and homeowners and renters still need to pay off the missed mortgage and rental payments. By:  Scholastica (Gay) Cororaton Coronavirus

Reports are an important function that businesses can use at every level of the hierarchy – boards, executives, middle management, and even administration. When reports are run on a regular basis companies can tap into the multitude of data available to them. Reports can give organizations easy to interpret summaries that make it easy to…
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LOUISVILLE, KY – Four Mile Capital, a privately-held real estate investment firm based in Louisville, CO, has acquired the Avalon Springs Apartments, a 141-unit multifamily community in Louisville, KY. Avalon Springs, built in 2018 and currently 99% leased, sits on almost 18 acres of land. The property consists of 125 two-bedroom townhome units, each with…
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We hear you loud and clear, multifamily employees: you want your leaders to be loud and clear! Over the past 6 weeks, more than 2,600 rental housing employees have responded to the Swift Bunny Covid-19 Employee Check-In Survey.  In that span of time, we’ve seen a significant increase in employees expressing that they Agree or…
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