If you haven’t been in the Millcreek area recently take a spin through. Starting at 3300 South and 1300 East and going north to approximately 3000 South and east to Highland Drive, a total of nearly 1,000 apartments are either in the finish stages …

In 2023, 416,500 new apartments were delivered into markets across the United States, the highest amount of deliveries since 1996, 27 years ago. The article claims that in 2024 there are 900,000 units under construction in the country with …

The attached video clocks in at just over 9 minutes. In it, Mr. Jay Libek, National Director of Multiyear Analytics for CoStar, provides both a look back and forward focus comments. Mr. Libek notes: in Q12024, 104,000 units were absorbed, the highest amount of …

Real Page Analytics reports that apartment starts (new construction) are down 40% year over year. How long will the oversupply last? Market analyst Carl Whittaker of Real Page is predicting it won’t be until 2026-2027 when balance returns to the market …

Admittedly, this story is from December-2023. As I write this, it is April 22, 2024. But in December-2023, landlords in 43 of 50 markets (86%) across the United States were offering concessions. At that time, Salt Lake City lead the pack with 54% of the properties …

According to the article, insurance cost is about 7% of a property’s total expense budget. But property insurance expense has increased by a whopping 27.7% for the year ending January 2024. And since 2018, the cost of insurance has risen by 129% …

Some of Linneman’s comments are reflective of similar observations he’s made in the past, namely that some of the metrics used by analysts at the Fed are somewhat magnified and may overstate reality.  Linneman theorized that the Fed focuses too much on …

Some of the statistics in the article are astounding. Rental fraud has been reported by 75% of all operators over the past 12 months. Manipulated identities, misrepresented income, and identity theft were reported by 50% of operator respondents. …

The article provides backup for the high cost of unit turnover at apartment properties and cites three primary factors contributing to the cost: increased utility expense (owner paying for utilities in vacant units), lost rent (an obvious factor) and increased marketing costs .…