LivCor LLC has agreed to a $7 million settlement with California and other states regarding allegations of using RealPage software to coordinate rental prices. This development marks another legal milestone in the broader antitrust litigation targeting RealPage's revenue management practices.
The latest Economy Express episode highlights persistent inflation and cooling labor markets impacting the housing sector. These macroeconomic pressures create a challenging environment for apartment demand and affordability.
Seattle's apartment market is experiencing a demand slump characterized by declining resident retention and negative rent growth. Local economic conditions are cited as the primary driver for this underperformance.
U.S. student housing pre-leasing reached 78% in May, remaining strong despite a slight moderation in monthly momentum. The sector is currently on track to match the performance of the previous year.
Virginia Beach has outperformed national rent growth trends, reaching 4.9% annually by May 2026. The market's resilience is attributed to steady demand and balanced supply conditions.
Multifamily housing starts dropped significantly in May, falling 41.6% from April figures. This data provides critical insight into supply-side trends for the apartment sector.
U.S. apartment concession usage remained steady at 16.9% in May, near multi-year highs. While usage is high, average discount levels saw a minor monthly decline.
Amazon was identified as the top revenue-generating company on the 2026 Fortune 500 list. This confirms the company's continued status as a leading economic entity in the United States.
Inflation reached a three-year high in May, driven largely by energy costs and rising shelter prices. RealPage data indicates that market-rate rent growth has remained largely flat since late 2023.
U.S. employment grew by 172,000 jobs in May, with gains led by the leisure and hospitality sectors. This macroeconomic context is relevant for assessing the broader health of the rental housing market.
U.S. apartment occupancy and rents have seen consistent, mild growth throughout the first five months of 2026. This indicates a stabilizing rental market despite lingering annual rent declines in the South.
The apartment industry is undergoing a significant repricing phase with asset values down 10% from 2022 peaks. This data helps investors understand valuation risks and market divergence across different property classes.
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