Facts & Figures

Apartment Market Booming While Single Family Housing Continues To Slump

The housing market may still be in a slump but the apartment rental market is continuing to thrive. After a couple years of a freeze on new construction, multifamily companies have finally started breaking new ground again. New apartment buildings are going up around the nation though it’s still going to be at least a [...]

How the Recession Has Changed American Migration

Until recently, Americans were on the move.  For decades, they left northern states and headed for the south and the sun.  A recent article in The New York Times describes how these trends are changing.  People are staying put, and American migration patterns have shifted as a direct result of economic downturn.  Houses are harder [...]

The Debt Ceiling Crisis Aftermath: What Multifamily Needs To Know

It’s still not clear exactly how the increase to the debt ceiling will affect the behavior of the American economy. The long term effects of this change are difficult to predict in the global marketplace, but there are three ways this increase could significantly affect the multifamily industry. Changes in the mortgage rates, falling stock [...]

Five Tech Trends Shaping the Way Renters Find Apartments

As anyone who has searched for one knows, choosing an apartment is a big decision. Apartment hunters want as much information as they can get to help them locate the ideal place and technology gives them more ways than ever to find it.  Here are five trends shaping the way renters find apartments in the [...]

RENT INCREASE WATCH: Rent Vs. Buy Calculator & Economic Outlook

With the economy stepping into a slow and yet hopeful recovery, many apartment renters are wondering whether to expect rents to rise or fall over the next few years. Though the future of the economy is always veiled behind a fog of complex financial interactions, experts tend to agree that the rental market may be [...]

The Debt Ceiling & Should Multifamily Be Worried? What You Need To Know

Three and a half years after the start of the Great Recession and two years after it officially ended, Americans are still worried about the anemic economy.  The unemployment rate is stubbornly high at 9.1% and first-quarter GDP growth was a weak 1.8%.  There’s been a lot of talk in the media about the risk [...]

Apartment Marketing Tips: Ways To Optimize Leads From Craigslist Listings!

What qualities do people look for in a roommate, landlord or tenant? Honesty, for sure; you want to know that you can trust the person with whom you share your home. Reliability goes without saying, too. A roommate who can’t keep up with their share of the rent or a landlord that doesn’t make repairs [...]

Web Analytics For Managers: What You Need To Know

Have a great website for your apartment community up and running? Congratulations! But do you know how to understand how successful it is? If not, it’s likely you’re new to the world of web analytics. Erika Schnitzer, Managing Editor at MultiHousing News, wrote on the importance of knowing what different statistics from your website need. [...]

Smartphones and Check-In Apps: What The Multifamily Industry Needs to Know

One in 5 smartphone owners are using apps like Foursquare, Facebook Places, Loopt, MyTown, and Gowalla to “check in,” according to the latest ComScore report. What’s checking in? If you arrive at a café, a conference, or your favorite beach, then whip out your phone and use one of the above-mentioned apps to broadcast where [...]

Rent Increase WATCH: The Economy’s Effect On Rental Trends

In times of economic recession, it’s a common practice for people to share apartments, rent out spare rooms and live with more family members than they would if times were better. Though the rising numbers of people sharing living space may be an indicator of recession, there are many economic benefits for people who chose [...]

 

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Facts and Figures

Want to calculate average rent for your city? Interested in rental trends and industry statistics? MyNewPlace has always been a big fan of using data to draw meaningful conclusions about the multifamily and apartment rental industry. Here we share our findings with you!

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