The student housing business faced declining college enrollment in 2014. At the same time, developers finished more purpose-built student housing properties than ever before. But these new student housing communities leased up very quickly anyway.
Thousands of California multifamily properties may soon become more energy efficient, thanks to new plans there to make Property Assessed Clean Energy (PACE) financing available to affordable housing properties.
Investors are buying fewer single-family homes, according to data firm RealtyTrac’s 2014 U.S. Institutional Investor & Cash Sales Report. However, many investors continue to buy and seem committed to the business of renting out their portfolios of single-family homes.
More renters meant more profits for multifamily REITs, which provided tremendous returns to their investors over the last year. The outlook for REITs is also good, with demand expected to stay strong for the foreseeable future, according to NAREIT, improving demand from investors.
Homeless families with children were turned away from emergency shelters because no beds were available in 73 percent of the cities surveyed for the U.S. Conference of Mayors' 2014 Status Report on Hunger & Homelessness Policies and Programs Addressing Homelessness.
We’re finally going to see what happens after the federal Terrorism Risk Insurance Act (TRIA) expires January 1. For the last year, real estate experts like DeBoer warned of calamity if Congress failed to renew TRIA, which provides a federal backstop to property insurance plans that cover damages from terrorist attacks.