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U.S. Needs 4.3M More Apartments by 2035 to Address Demand, Deficit and Affordability:  Amidst demographic shifts and lingering pandemic impacts on the population and broader economy, the U.S. faces a pressing need to build 4.3 million new apartments by 2035, according to a new study commissioned by the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA). Key findings: Shortage of 600,000 apartment homes. The 4.3 million apartment homes needed include an existing 600,000 apartment home deficit because of underbuilding due in large part to the 2008 financial crisis. Loss of affordable units. The number of affordable units (those with rents less than $1,000 per month) declined by 4.7 million from 2015 to 2020. Homeownership. Apartment demand also factors in a projected 3.8% increase in the homeownership rate. Immigration. Immigration is a significant driver of apartment demand, and levels tapered before the pandemic has remained low. A reversal o...

  Time Magazine Rental prices going up  BY ABBY VESOULIS - Author G arrett deGraffenreid, a 23-year-old New York University graduate student, knew the rent on his one-bedroom Manhattan apartment would jump when he saw a Trader Joe’s grocery store pop up down the block. “The writing was on the wall,” he says. What he didn’t anticipate was just how much his rent would rise. When deGraffenreid and his partner signed a lease last year, they paid about $1,600 per month. On Feb. 11, they received a notice informing them that a new lease beginning next month would cost $2,750 per month: a 69% surge. “It felt defeating,” says deGraffenreid. He responded to the notice with a plea for a more reasonable rent increase, but was met with a “brick wall” response. The gist of their message was: "There’s nothing you can do so don’t waste your time trying. Good luck!" He isn’t alone. Similarly jarring double-digit rent spikes are happening all over the country. In Henderson, Nevada, rents rose...

Anxious April: Multifamily Braces For A Difficult Month: Multifamily owners and operators are bracing for April 1 amid widespread job losses. Shared by AptExpert.com - Kathy Curtis, Texas Apartment Locators If you're looking for an apartment home, townhome, mid rise or luxury high rise rental, we can assist you and our service is free. In light of the Coronavirus pandemic, AptExpert.com has taken our operation to an online platform. We can assist you remotely, please visit the website to submit your contact information or contact by phone. #StaySafeWorkSafe  Thank you.   Let's take good care of each other!

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Check out some great tips and trends for decorating small spaces from Better Homes and Gardens even if you're on a budget! Click on the link above to see the slideshow! Shared with love from AptExpert.com Your best resource to find an apartment in the greater Houston, Texas metroplex, free apartment locator service! Contact Kat to find your perfect living space today!