The MRI H!GH 5: Weekly Property Management News

H!GH 5 Friday- Week of 3.13.2016

With all the various industry news publications out there, staying in the loop can be a daunting task. That’s why each week in the H!GH 5, we will be selecting the most relevant and important news articles in the property management and real estate industry. Check back every Friday for the latest list of top stories.

Here’s our list of top property management news articles for the week of March 20, 2016:

1. Outlook Cools For Resi, CRE Pricing (Author- Paul Bubny, GlobeSt.com)

Although RESI (Real Estate Sentiment Index) decreased 4.4% from Q4 in 2015, it expects growth in purchase transaction volumes over the next year for all sectors. This report is based on a quarterly survey of independent title agents that do business with First American. Paul Bubny breaks down the details of the report.

2. Renewals Reach 10-Year High (Author- Paul Bubny, GlobeSt.com)

Apartment renewal rates were up to 55.1% in February, even though rent continues to increase. This leads the industry to believe that affordability is not a concern among renters of market-rate, professionally managed apartments. Paul Bubny explains the factors that may be leading to this trend.

3. Which Came First: Target Or Higher Valuations? (Author- Carrie Rossenfeld, GlobeSt.com)

A recent report by RealtyTrac reveals that homes near Target stores have higher valuations than homes near Walmart stores. GlobeSt.com sits downs with RealtyTrac’s VP, Daren Blomquist, to find out why this is true and what it means for the real estate market.

4. How HUD Is Making Things Easier For FHA Lenders (Author- Bradley Fountain, GlobeSt.com)

After updating the Multifamily Accelerated Processing (MAP) guidance, HUD has made it easier to access funds for the development and financing for affordable housing. The changes pertain to the underwriting requirements of environmental risk, radon, reduction in energy expenses, and accessibility. Bradley Fountain highlights the 6 key changes in this article.

5. Creative Tech Tenants Impact Leasing Activity Across The Nation (Author- Carrie Rossenfeld, GlobeSt.com)

Creative tech spaces are starting to spill out of Silicon Valley and into other markets. Although San Francisco is still the tech hub, the East Coast is experiencing growth due to tech tenants, especially Manhattan. Carrie Rossenfeld explains the “tech effect” and what the future holds for this sector.

Tweet us your best high 5 at @mrisoftware !