Amazon’s Move to Millennial Hubs Long Island City and Crystal City Expected to Spark an Apartment Boom
Highlights: Long Island City and Crystal City, the neighborhoods selected for the Amazon move, witnessed an y-o-y rent growth of 5.1% and 5%, respectively. While LIC is expecting 15,400 units to be delivered in the following years, Crystal City has only 3,100 in the pipeline. Both neighborhoods showcase a high percentage of Millennials, 52% in…
Read MoreRent Continues to Climb in 93% of Cities, with Pressure Still on in the Largest Renter Hubs
Key takeaways: The national average rent registered a year-over-year increase of 3.3% ($45) in October, at $1,420 per month, according to data from Yardi Matrix. Among the nation’s biggest 252 cities, 93% have seen rent increases compared to October 2017, 6% remained flat, and only 1% of cities have seen their rents decrease Y-o-Y. Rents…
Read MoreOwnership Is Losing Its Appeal, Despite Being Preferred by Most Philadelphians
The answer to the never-ending question about renting or owning is quite clear if we look at the big picture. Almost a quarter of the 100 largest U.S. cities changed from majority homeowners to majority renters between 2006 and 2016. There’s no denying that the dream of owning a home is still something many Americans have…
Read MoreReal Life Advice on How to Furnish Your Studio Apartment for Under $1,000
Filling up an empty studio when you’re short on cash is not as hard as it would seem. Don’t settle for old and dusty furniture, but rather use your creativity to transform any old pallet or box into a chic, attractive piece. Curious about how to decorate and furnish a studio apartment on a budget? Use…
Read MoreGet Fit in San Francisco – 8 Unique Workout Classes Worth Trying Out
There’s so much to love about San Francisco, besides the welcoming weather and a generous amount of green space. One of my favorite things about this city is its health and fitness scene, which is unquestionably one of the greatest in the U.S. From hip gyms, to holistic yoga, trampoline and climbing studios, The City…
Read MoreThe Median Income Gives Renters Access to More Than Two Thirds of the Stock in Raleigh, San Francisco and Omaha
Key takeaways: The median income provides burden-free access to 49% of all U.S. rentals, up from 38% in 2011. Access to rental housing has improved in 40 of the 50 largest cities between 2011 and 2017. Big paychecks, expensive homes and rent control have led to a unique situation in San Francisco. Ten years after the…
Read MoreTech Trends in Renting: The Rise of the Smart Apartment
The major draw of technology is the concept of making life more convenient for users, so it’s no surprise that in recent years, renters have begun placing increasing importance on the integration of tech into their rental homes and apartment complexes. Younger renters, in particular, are more apt to jump on board with this growing…
Read MoreThe Hows and Wheres of Keeping Fit in Jacksonville, FL
Have you rented a place in Jax and would like to know where you can enjoy a vigorous workout? Keep reading! Moving to a different city is always a challenging and time-consuming decision that brings about several changes in every renter’s life. From not knowing what the best places to shop, enjoy a good meal…
Read MoreKeeping Fit in Houston: Guide to the Best Workout Spots in Space City
Like celebrities, big cities often have such bold and intense personalities that we either love them or we hate them. But there’s one thing they all have in common, rapid change. New buildings rise almost overnight, and businesses suddenly move to new locations. Therefore, living in a city like Houston entails a lot of energy…
Read MoreGoodbye LA, Hello Phoenix: Affordable Housing Makes Second-Tier Metros Top Choices for Moving
With the middle-class squeezed by the rising cost of living, particularly housing costs, many average-earners find it an onerous endeavor to create a decent life for themselves and their families. Living in a big metro like New York or Los Angeles may come with a high income and more opportunities, but the cost of housing in…
Read MoreDorm vs. Off-Campus Housing? Here’s What You Need to Know
The choice between a dorm and an apartment away from campus can be just as confusing as deciding which school to attend. Each offers its own unique perks and challenges, and you should carefully weigh the pros and cons of off-campus housing as well as dorms when choosing your home away from home. Below are…
Read MoreKeeping Fit in Las Vegas: 13 Calorie-Burning Sports Activities and Cool Spots to Practice Them
With almost 40 million visitors each year and a constant influx of new residents, Las Vegas is the hip place to be right now. No matter if you’re here to stay or just visiting – chances are at some point you’ll want to take a break from the city buzz, skip a few events, and recharge.…
Read MoreWhat Is a Pied-à-Terre and Why Would You Want to Live in One?
If you’ve been browsing the property listings of a major city, like New York, you’re bound to come across the term pied-à-terre. It’s certainly a fancy-sounding word, and you’re pretty sure you want one, whatever it is. But what is a pied-à-terre? Let’s start with a pied-à-terre definition. Many believe it’s simply the French word…
Read MoreEnd of Rental Season Brings Renters Temporary Relief, but Demand Keeps Fueling Increases in Big Employment Hubs
Key takeaways: Rent growth came to a halt in September at national level – the $1,412 U.S.-wide average marks a 0.1 percent ($1) month over month decrease, however it’s up by 3 percent ($41) year over year, according to Yardi Matrix data. Of the nation’s biggest 252 cities 93 percent have registered Y-o-Y rent increases, 6 percent…
Read MoreGen Z Brings Serious Competition for Millennials on the Real Estate Market, Survey Says
With every new generation that comes of age, all economic sectors see some significant changes. Real estate is no exception, as both rental and homeownership markets reflect these generational shifts in preferences and purchasing power. A study by PropertyShark recently looked at the differences between Gen Zers, Millennials, and Gen Xers when it comes to…
Read MoreTop Trending Zip Codes for the Millennial Population Are Big City Urban Cores
Are millennials today more likely to live in and near downtowns or withdraw to outer neighborhoods? Population dynamics are always shifting in the nation’s biggest cities, and the millennial population has a lot to do with it, as they are about to become the largest generation in recent history. The expectation is that this generation…
Read MoreOnline Resident Portals: The Benefits You Should Know About
With digital technology being an integrated part of our lives now, more and more improvements are developed in order to make life more comfortable. By providing a more efficient way to deal with the burden of daily, weekly, or monthly tasks, technological advancements are constantly upgrading our way of living. A resident portal is an online…
Read MoreAugust Rents Rose at the Fastest Pace in 18 Months, as Apartment Construction Slows
Key takeaways: The national average rent reached an all-time high of $1,412 in August 2018, up by 3.1 percent ($42) year over year, and by 0.1 percent ($2) month over month, according to Yardi Matrix data. Rents increased in 89 percent of the nation’s biggest 252 cities in August (including newly added Queens, NY and…
Read MoreKitchenette vs Kitchen: Which One Is for You?
By Andrei Login We know that finding your dream apartment is no cakewalk. The whole process of browsing, sorting, viewing and deciding can take a lot of time. On top of that, realizing that the place that looked so good in the online listing is not so great in real life can be discouraging. That’s…
Read MoreBreaking a Lease Early: What You Can Do to Minimize Penalties
It’s time to move again. Whether you’re starting a new job, getting married, or you simply have to move to another place, breaking the lease early on your apartment is a difficult thing to do, and it brings about serious consequences. Like any other contract, a rental agreement implies that you keep your end of…
Read MoreApartment Construction Is Expected to Slow Down in 2018 After a 6-Year Upward Streak
Highlights: Almost 283,000 new apartments are expected for completion by the end of 2018, 11% less than last year. Apartment construction peaked in 2017, finally slowing down in 2018. In spite of the year-over-year slowdown, the past three years’ total deliveries are projected to pass the 900K mark by the end of this year – the highest since the mid-‘80s.…
Read MoreWhat Are Furnished Apartments & When Should You Rent One?
We all want our moving process to be smooth and easy, no matter if we have done it before or not. If you are looking for a convenient way to move, you might want to consider renting a fully-furnished apartment as your new home. Prices and how much furniture the apartment comes with differ from…
Read MoreSeasonal Demand Pushes Up Apartment Rents in July in 88 Percent of Cities
Key takeaways: The national average rent reached an all-time high of $1,409 in July 2018, up by 2.8 percent ($39) year over year, and by 0.2 percent ($3) month over month, according to Yardi Matrix data. Rents increased in 88 percent of the nation’s biggest 252 cities in July (including newly added Queens, NY and…
Read MoreKeeping Up with the Beat of the Neighborhoods: Seattle’s 30 Best Community News Sites, Mapped
Nestled between the Puget Sound and the Cascade Mountain Range, Seattle reveals a myriad of unique neighborhoods. These distinct enclaves carry different personalities. Some communities are vibrant, modern, and entice a bustling lifestyle, while others are historic, peaceful, or family-friendly. It’s no wonder that Seattle has earned a reputation as a “City of Neighborhoods”. Seattleites have…
Read MoreThe When, Why and How to Move Out of Your Parents’ House
The beginning of adulthood is the most exciting and overwhelming time of your life. It is the time of freedom, late nights out, crazy choices and unlimited joy – or, at least, that is the sugar-coated version. If you’ve been living with your parents your whole life, chances are you never had to get out…
Read MoreThe Dream on Hold: 3.6 Million Fewer Families with Kids Own a Home Compared to 10 Years Prior
The big fallout during the housing crisis followed by air-tight lending rules, an alarming shortage of entry-level homes, and skyrocketing home prices are the main items on a long list of reasons why the homeownership vs renting balance tilts toward the latter. The number of families with minor children who own their home has decreased by…
Read MoreStudio vs 1-Bedroom Apartments: What’s the Difference & Which One Do You Want?
Apartments come in many shapes and sizes, not to mention prices, so it’s important to understand all your available choices if you are searching for a place to rent. When moving out on your own, a studio or 1-bedroom apartment are your most likely choices, especially if this is your first time renting. The two…
Read MoreNational Apartment Rents Hit New Milestone, Demand for Small Apartments Catches Up with Family-Sized Rentals
Key takeaways: The national average rent reached the all-time high of $1,405 in June 2018, having increased by 2.9 percent year over year, and by 0.9 percent ($12) month over month, according to Yardi Matrix data. Rents increased in 88 percent of the nation’s biggest 250 cities in June, remained unchanged in 10 percent of…
Read MoreRenting Remains the Popular Choice in Atlanta, Despite Ownership Gaining Ground in the Eastern and Northwestern Areas
As Atlanta offers some of the most affordable rents compared to cities of similar size, the renter lifestyle continues to be the logical choice for most residents of the Big Peach. The city has been favored by renters for decades – a look into historical U.S. Census data revealed that the homeowner-to-renter ratio in Atlanta…
Read MoreSurvey: Cost Barrier Keeps Over 80 Percent of Renters Away from Their Ideal Location, Their Job
Job growth in and near downtown areas is seeing peak levels, with major employers like McDonald’s in Chicago and GE in Boston relocating their headquarters from the suburbs to the city cores to have direct access to young intellectual capital and to attract tech-savvy Millennial talent. Such changes are forging a stronger bond between jobs and residential…
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