Home viewings data from SentriLock®, LLC, a lockbox company, indicates a continued downward trend in home buyer traffic in April 2020 with respect to the prior month and one year ago in the wake of coronavirus social distancing measures, stay-at-home orders and the unprecedented rise in unemployment.
LOS ANGELES, CA – In a unanimous decision, The Los Angeles City Planning Commission voted to recommend approval of the entitlements package for Enlightenment Plaza, a proposed 454-unit Permanent Supportive Housing development in Rampart Village developed by Flexible PSH Solutions and The Pacific Companies to the Los Angeles City Council for final approval, scheduled for…
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Most of the companies hiring additional employees to meet increased demand are included in the following industries: health care, food and grocery stores, delivery, and telecommunications.
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
