This week’s multifamily roundup features insights on identifying value-add multifamily opportunities, shifts in apartment inventory, and technology trends in the rental market. First, NREI reports that investor appetite remains strong for value-add multifamily, as the search continues for yield in a highly competitive market. Then, CNBC notes that household income growth is lagging U.S. home prices, rising only 30% since March 2012, compared to 60% for home prices over the same period. Arbor’s Chatter blog examines how new apartment inventory has skewed toward larger unit sizes over recent decades in both small and large multifamily assets. Next, RENTCafé takes a look at the rise in young renters’ preference for smart apartment features like automated and remote-controlled devices. Finally, HousingWire reveals that the nationwide median asking rent hit more than $1,000 for the first time ever in the third quarter of 2018.


Identifying Lucrative Value-Add Multifamily Opportunities as the Cycle Lengthens

NREI – October 31

“The appetite for value-add multifamily investments remains strong—and in light of this increasing competition, many investors are struggling to identify and secure assets that present high-reward opportunities.”

S. House Prices Are Rising Faster Than American Wages

CNBC – October 30

“In cities where prices have gained the most, an increase of as little as half a percentage point in the borrowing rate can be the difference between buying and continuing to rent.”

 Apartment Inventory Reveals Decades-Long Shift Toward Larger Unit Sizes

Arbor Chatter – October 29 

“While small and large apartment buildings are specialized in terms of unit mix, inventory additions over time have been skewed toward larger units across both asset classes.”

 Tech Trends in Renting: The Rise of the Smart Apartment

RENTCafé – October 29

“Nearly 90 percent of millennials they surveyed were willing to pay more for a unit that was outfitted with automated or remote-controlled devices.”

Rent Just Hit An All-Time High… Again

HousingWire – October 31

“Earlier this week, the U.S. Census Bureau reported that during the third quarter, the nationwide median asking rent topped $1,000 for the first time ever.”