Housing Affordability in April 2020
At the national level, housing affordability remained promising in April 2020 compared to a year ago and rose compared to March.
At the national level, housing affordability remained promising in April 2020 compared to a year ago and rose compared to March.
Since the COVID-19 pandemic began, LeaseLock has been tracking its effects on rent payments. Using actual transaction data sourced in real-time from multifamily property management systems, we have completed our analysis of rent payments through the June grace period (June 1-5). Below is a summary of our major findings: June Rent Payments Hold Steady The…
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MEMPHIS, TN – Elevation Financial Group announces the acquisition by Elevation Real Property Fund VII of Kennington Pointe, a 155-unit senior property located in Memphis, Tennessee. The $2.2 million purchase represents the seventh acquisition by the fund in the past ten months and is the latest example of Elevation’s mission to create and support quality…
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Younger Boomers: Longest Search for Forever Home Younger boomers searched the longest of any age group for a median of 12 weeks, and viewed a median of 10 homes. By: Matt Christopherson
LOS ANGELES, CA – LaTerra Development, a Los Angeles-based developer of urban infill mixed-use properties, announced the formation of a programmatic joint venture with QuadReal Property Group, a global real estate company. The venture will invest up to $250 million in equity to develop and operate multifamily communities in Southern California with a focus on…
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New unemployment claims continue to rise more slowly as some people return to work.
The Hispanic homeownership rate has surpassed the 2004 Q2 level for each race, while it has declined for White non-Hispanic, Black, and Other Race.
Consumers want options. The way we shop, do our research online and who we choose to do business with all comes down to each individual person. There’s no difference when it comes to touring your property. While the majority of prospects will start their research online, the next steps they take depends on their comfort…
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SANTA ROSA, CA – Phoenix Development Company, along with its developer partner, Irvine-based Integrity Housing, announced that they have closed financing and commenced construction on Dutton Flats Apartments, located at 214 West 3rd Street in Santa Rosa, CA. This once vacant lot will become home to a 41-unit affordable, multifamily complex designed to serve low-income…
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Younger millennials, buyers aged 22 to 29 years, made up 13% of all homebuyers in 2019, surpassing the silent generation as a buying group.