Multifamily Foreclosures
Recession + Lack Of Job Creation = Housing Crisis?
The job-creation plan that President Obama is pushing congress to pass may have some great ideas about how to help this country and its citizens climb out of the giant hole of debt we’ve all fallen into. It does not, however, address one of the biggest problems that the nation is currently facing: the housing [...]
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 [...]
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 [...]
Multifamily Blog Roundup! MNH & MFE
1) A Vertical Street. Multihousing News reports a “vertical street” in the works that’s mixed use, mixing apartment units, 4 community gardens, 3 floors of office space and ground-level retail space. It’s in the city center of Melbourne, Australia. The design, developed by CK Designworks, is for a 35-story building. In addition to being mixed-use, [...]
Are Renters In Trouble? Double Digit Rent Increases Predicted
Those of us keeping an eye on the apartment industry have lately been flooded with articles predicting rent hikes (well, lately might be stretching it — ‘rent hike’ articles have been trickling out of the mainstream media for well over a year now). As a renter myself, as well as writer for the apartment industry, [...]
Foreclosure Leaves Property Managers Without Pay for Weeks
Last week, we wrote an article about the unfortunate circumstances that followed when a rental property was foreclosed on and a court appointed a receivership to run the property. Our article focused on the unenviable position in which the renters were left because we wanted to highlight the variance on renter’s rights after foreclosures between [...]
The Fannie and Freddie Foreclosure Dilemma
Back in December we reported on some good news for renters and property managers, which was the result of Fannie Mae and Freddie Mac’s lawsuit prompted decision to allow qualified renters in foreclosed properties that have been absorbed by the GSEs to remain in their homes. After doing some research on renters rights after the [...]
Arizona Renters Left Vulnerable after Commercial Foreclosures
Recently we came across an article via the Rainmaker Group’s twitterstream about how tenants in a Chandler, AZ apartment building caused a bit of a kerfuffle after they found their security deposits gone, the apartment in serious neglect and yet still somehow bound to their apartments by their leases. Apparently, the owner had abandoned the [...]
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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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