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Realtor.com: Drop in Multifamily Permitting Could Spur Hike in Rents

Realtor.com: Drop in Multifamily Permitting Could Spur Hike in Rents

by Phil Hall | Mar 19, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The trend of declining rents could be reversed due to low multifamily permitting in the nation’s top 50 metros, according to a data analysis from Realtor.com. Within the top 50 metros, 294,000 multifamily units were permitted in 2024, which Realtor.com said was below...
Q4 Renter Population Up by Less Than 1%

Q4 Renter Population Up by Less Than 1%

by Phil Hall | Mar 19, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The US was home to 45.4 million renter households during the fourth quarter of 2024, a 0.8% uptick from one year ago. According to a data report from Redfin (NASDAQ: RDFN), this is the slowest growth since the first quarter of 2023. Also during the fourth quarter, the...
Report: Las Vegas Has Greatest Shortage of Affordable Housing for Extremely Low-Income Renters

Report: Las Vegas Has Greatest Shortage of Affordable Housing for Extremely Low-Income Renters

by Phil Hall | Mar 19, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The odds are against extremely low-income renters finding affordable housing in the nation’s gambling capital, according to a new data report from the National Low Income Housing Coalition. The newly published “The Gap: A Shortage of Available Homes” analyzed the 50...
New Rental Home Community Opening in Phoenix

New Rental Home Community Opening in Phoenix

by Phil Hall | Mar 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Scottsdale-based build-to-rent developer BB Living has unveiled its latest community, BB Living Desert Ridge in Phoenix. The new community of 108 luxury single family rental townhomes sits on 12.4 acres and offers both three- and four-bedroom floorplans. Each home...
Grand Opening for The Lindley, 37-Story San Diego Luxury Highrise

Grand Opening for The Lindley, 37-Story San Diego Luxury Highrise

by Phil Hall | Mar 17, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Toll Brothers Apartment Living, the rental subsidiary of the luxury builder Toll Brothers Inc. (NYSE: TOL), in joint venture partnership with PGIM Real Estate announced the grand opening of The Lindley, a new 37-story high-rise apartment community in the heart of San...
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