Month: October 2020

At the national level, housing affordability declined in August 2020 compared to a year ago and fell compared to July.

Weekly Jobless Claims Flattening While the housing market has undoubtedly had a V-shaped recovery, the labor market hasn’t rebounded yet to its pre-pandemic levels. By:  Nadia Evangelou

ROSWELL, GA – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Lake House at Martin s Landing, a Class B, 300-unit asset located in the North Fulton submarket of Atlanta. 29SC plans to add value to the property with light upgrades to 282 apartments that were previously improved by the seller plus…
Read more

Based on actual flood data from FEMA, CoreLogic and the First Street Foundation, NAR has created reports by congressional district underscoring the importance of flood insurance to property owners across the United States.

Instant Reaction: Mortgage Rates, October 8, 2020 Mortgage rates fell slightly this week as mortgage applications rose. By:  Nadia Evangelou Mortgage Financing

PORTLAND, OR – LMC, a wholly owned subsidiary of Lennar Corporation and a leader in apartment development and management, announced the start of leasing at Denizen, a contemporary mixed-use apartment community in the Kerns neighborhood of Portland. Virtual and online leasing options are available to enable future residents to access a unique and realistic view…
Read more

Unemployment rates are highest among millennials, Blacks, and those with less than a high school degree.

Apartment operators who have taken steps to responsibly lessen pet-related restrictions are experiencing more than just the positive benefit of an increase in demand at their communities. Many are experiencing an increase in pet-related revenue, as well.  This additional revenue, naturally, is particularly timely as operators aim to recover lost revenue due to the pandemic.…
Read more

DALLAS, OR – The Phase Two expansion of the Lodge Residences is underway at Dallas Retirement Village, a senior living community that has served the Dallas area for more than seven decades. This 60,000-square-foot expansion will complete the circle around the existing picturesque courtyard, adding 29 new independent living apartment homes, an indoor pool, spa,…
Read more

You most likely have detailed information about the vehicles owned by your residents. It helps your team control your parking garage, parking lot, understand the nuances of lot utilization and add revenue through monthly parking fees. It also helps the community monitor authorized and unauthorized vehicles. Because the majority of your residents have cars, it’s…
Read more