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Los Angeles-Orange Counties’ Rent Hikes Hit 10-Year Low, CPI says

Los Angeles-Orange Counties’ Rent Hikes Hit 10-Year Low, CPI says “Rent hikes in Los Angeles and Orange counties shrank to their lowest level in 10 years, according to the local Consumer Price Index. The cost of L.A.-O.C. renting rose at a 1.3% annual rate in December. The last time the CPI showed slower local rent…

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Friday Economic Update | 1.29.2021

Friday Economic Update | 1.29.21 Data Updates: 1/25 to 1/29: CFNAI, weekly unemployment claims, STLFSI, consumer sentiment (month end), and total vehicle sale; 1/18 to 1/22: Private building permits, STLFSI, weekly unemployment claims, and existing home sales; 1/11 to 1/15: NFIB small business optimism, nonfarm job openings, nonfarm hires, STLFSI, weekly unemployment claims, retail sales,…

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California Realtor-backed Housing Group Fights Local Granny Flat Restrictions

California Realtor-backed Housing Group Fights Local Granny Flat Restrictions “During that review, the group discovered that while Coronado adopted a new ordinance allowing the simultaneous construction of a new home with an accompanying ADU, city staff privately refused to review building permit applications until the secondary unit was removed. “Despite this language in the city’s…

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See The 50 Cities Where Rent Is Rising And Falling The Most

See The 50 Cities Where Rent Is Rising And Falling The Most “The coronavirus pandemic forced millions of Americans to change the way they learn, work and live. Some realized they needed more space for home offices and classrooms, while others had to downsize to save money amid financial uncertainty. In fact, more than 15.9…

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CEO of the City

CEO of the City In a remote world, talent is mobile. Mayors no longer need to run for higher office — they can level up just by recruiting talent to their city. On the other hand, they can also *lose* talent if the city doesn’t perform. More upside and downside than before.” We are in…

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Could California’s Shopping Centers Be a Housing Fix?

Could California’s Shopping Centers Be a Housing Fix? “In a state that needs 1.3 million more affordable rental units according to the California Housing Partnership, such conversions could “take major bites out of the state’s housing crisis,” DiStefano says. “This meets so many California challenges. How do you attack the Covid crisis and deep economic…

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Friday Economic Update | 1.22.2021

Friday Economic Update | 1.22.21 Data Updates: 1/18 to 1/22: Private building permits, STLFSI, weekly unemployment claims, and existing home sales; 1/11 to 1/15: NFIB small business optimism, nonfarm job openings, nonfarm hires, STLFSI, weekly unemployment claims, retail sales, industrial capacity utilization, industrial production, and University of Michigan consumer sentiment.1/4 to 1/8: NACM credit managers’…

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Multifamily Developers Set For ‘Pandemic Pivot’ Into Workforce Housing

Multifamily Developers Set For ‘Pandemic Pivot’ Into Workforce Housing “Middle-class and workforce housing fared better during the 2020 downturn, especially in the suburbs, with rents and occupancy staying near pre-pandemic levels, Smith said… The shift could provide a silver lining. Before the pandemic, the apartment industry got a bit too set in its ways, far…

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Affiliated’s $125M Workforce Housing Fund Targets Florida

Affiliated’s $125M Workforce Housing Fund Targets Florida “This has become a national trend. The pandemic has fueled demand for workforce housing throughout the nation, and it has triggered a fervent response from the investment community” To Read the Original Article Click Here Subscribe to our regular newsletter and get exclusive access to our next investment…

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Rent Hikes in Los Angeles, Orange County at 9-year Low

Rent Hikes in Los Angeles, Orange County at 9-year Low “A pandemic-weakened economy has chilled rent hikes in Los Angeles and Orange counties to the smallest increase in nine years. The cost of renting rose at a 1.6% annual rate in November vs. 5.4% a year earlier, according to a slice of the local Consumer…

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