Welcome to the Rental News Roundup! From time to time, we’ll give you a nice, quick summary of all the latest and greatest news from the world of rental real estate, even as we continue to go in-depth on stories like these in other posts. Enjoy!
From the DJC: What’s next for South Lake Union?
The City Council has voted, and the results are in–taller buildings will be allowed in South Lake Union. So what will the changing face of the area look like? According to the Daily Journal of Commerce, nine projects were waiting on the approval–that includes Equity Residential’s planned apartment buildings on Fairview Avenue North, and Greystar’s seven-story building on Boren Avenue North. Read more.
From Dupre+Scott: Apartment investors are serious about 2013
Last year, investors bought $2.5 billion worth of apartments last year, making it the third-highest volume year in our region ever. So how are sales stacking up this year? Dupre+Scott compared the first four months of this year with the first four months of last year, and the numbers are encouraging–sales for January through April are up 26% over the same period last year.The average sale price is up, too; the details are available here.
From the Atlantic: Renting is now more appealing than buying
Hart Research Associates recently released a new study on housing trends, and the results are encouraging. According to the study, 57% of Americans now believe that ‘buying has become less appealing,’ while 45% of current homeowners see themselves renting in the future. Read more here.
From UNITS: An potential tenant is more than a credit score.
We all know that credit scores are an integral part of screening a potential tenants. But according to a new report from UNITS, if we only look at the credit score, we’re losing the bigger picture. In fact, according to Kevin Wolfgang of Evergreen Apartment Group, “We have found that factors such as previous rental history, length of employment and disposable income can be more important than a credit score.” Read more.