Radix

U.S. #multifamily occupancy averaged just below 93.6% last week, and annual effective rent growth was -0.5%. In the latest week's RAOT report: ? Job growth and interest rates outlooks based on a WSJ report ? Fall 2025 forecasts for U.S. rent growth and occupancy ??? Blog post: https://lnkd.in/dujJDWZT ??? Listen on Spotify: https://lnkd.in/dmtuCrjG ?? Listen on Apple: https://lnkd.in/d3AD7zKx #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata

The U.S. labor market added 254,000 jobs in September, significantly outperforming expectations. If #jobgrowth remains strong, it should clear the way for multifamily performance to normalize in more markets in 2025. For the first week October, U.S. annual rent growth was at -0.5% and occupancy was just below 93.7%. In this week's report: ? More details on job growth ? Probability of a recession is lowered ? Multifamily performance steady from last week Check out the latest report for more details. ??? Blog post: https://lnkd.in/dHH2JhcF ??? Listen on Spotify: https://lnkd.in/dmu5KJAg? ?? Listen on Apple: https://lnkd.in/dczpU8PY #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata

Will We See You at #OPTECH2024? At OPTECH 2024, we’re excited to tell you about Radix's vision for the multifamily industry, and our focus on transparency and accessible data. Visit Booth #447 to: ? Learn how Radix is making data more accessible for all industry stakeholders. ? Grab exclusive Radix swag—pre-register to secure yours! ? Hear about our recent acquisition of redIQ and get a sneak peek at what’s coming next. ?? Pre-register now : https://lnkd.in/dyEtNpFq #OPTECH2024 #Radix #MultifamilyInnovation #DataTransparency #redIQ #Booth447

This is your final chance to register for the exclusive webinar with Radix CEO Blerim Zeqiri and SVP of Commercial Strategy, Benjamin Beggs! Don’t miss out on the inside scoop behind Radix’s acquisition of redIQ and what’s next for multifamily data innovation. ??? Date: Thursday, 10/3/2024 ?? Time: 2:00 PM EDT / 11:00 AM PST ? Length: 45 minutes Register now: https://lnkd.in/dHfDEAXK #MultifamilyData #RadixRedIQ #Webinar #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata

Two recent themes for traffic and rent growth continued in the latest RAOT report. Traffic for U.S. #multifamily hit its lowest point since the early days of the pandemic, but other metrics are mostly stable as operators focus on retention. Annual effective rent growth is still negative at -0.5%, but it has incrementally improved for the last several weeks. #Houston became the latest market to cross the threshold into positive rent growth territory, and it appears primed to outperform its #Texas peers in 2025. Check out this week's report for more details on multifamily performance, as well as an optimistic outlook from the Fed. Check out the latest report for more details. ??? Blog post: https://lnkd.in/d5Ae8wPA ??? Listen on Spotify: https://lnkd.in/dnYY_rwB? ?? Listen on Apple: https://lnkd.in/dEk8-fje #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata

Last week's average of 6.3 tours per multifamily property was the industry's lowest level since January 2022. It was not a precipitous drop, but the continuation of a trend seen throughout the year. Year-to-date, traffic is down 11% compared to 2023 at the national level, but results vary by market. Traffic usually gets close to the current level near the end of the year rather than in September. While those numbers are a bit pessimistic, a focus on retention is at least partially credited for fewer tours. The majority of markets are now posting positive rent growth, and the national occupancy has held steady at close to 94% throughout the year. Lower traffic levels are more of a concern for markets and properties heading into the fourth quarter with a lower-than-normal occupancy rate. Check out the latest report for more details. ??? Blog post: https://lnkd.in/dWswRavd ??? Listen on Spotify: https://lnkd.in/dh_3CwfG? ?? Listen on Apple: https://lnkd.in/dEm-WEKa #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata

Radix & redIQ have joined forces to reshape multifamily data! Join us for an exclusive webinar with Radix CEO Blerim Zeqiri and Benjamin Beggs, SVP of Commercial Strategy, as they share the story behind this acquisition and their exciting plans for the future. ? ??? Date: Thursday, 10/3/2024 ?? Time: 2:00 PM EDT / 11:00 AM PST ? Length: 45 minutes ? ??Register now: https://lnkd.in/dUMze3Vk ? #MultifamilyData #RadixRedIQ #Webinar #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata

The national #occupancy rate for #multifamily, which is currently 93.8%, has trailed last year's average throughout 2024. But if you dig deeper, 18 markets have an occupancy rate above the prior year's rate, and three more had flat growth year-over-year. As supply subsides heading into 2025, more markets should join that list as long as demands holds. Also featured in this week's #RAOT report: Inflation continues to ease, leading to real wage growth Credit card and auto loan delinquency has increased The latest multifamily operating trends ??? Blog post: https://lnkd.in/dxGunP3D? ??? Listen on Spotify: https://lnkd.in/de7TrCrh? ?? Listen on Apple: https://lnkd.in/d-DB5yhJ #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata

Based on last week's #BLS report, 142,000 jobs were added in August, but the totals for June and July were revised downward by a combined 86,000 jobs. Despite the more moderate job numbers, multifamily performance is coming back into balance in more locations. While average annual rent growth in the U.S. was negative for the 79th?consecutive week, it has displayed incremental improvements since mid-summer. Last week, 27 of 45 markets had positive annual rent growth despite the overall average of -0.7%. Occupancy rates averaged just under 93.9%. Check out the latest report for a summary of economic and apartment market trends! ? ??? Blog post: https://lnkd.in/deDMY3c3? ??? Listen on Spotify: https://lnkd.in/dcad5xJB? ?? Listen on Apple: https://lnkd.in/d6ENA9ZP #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata

#GDP was revised to 3.0% in Q2, up from the original estimate of 2.8%. Inflation remained steady at 2.5% according to the latest PCE index. The modest inflation growth is believed to support an interest rate cut later this month, helping to steady the labor market. While that news is positive for the economy, stocks declined yesterday due to weakness in the manufacturing sector.? Other highlights in this week's #RAOT report: ? BLS releases its 10-year outlook for job growth ? U.S. occupancy was just under 93.9% to start September ? Annual effective rent growth edges closer to flat, with a few markets on the cusp of positive growth. Check out the latest report for a summary of economic and apartment market trends.? ? ??? Blog post: https://lnkd.in/ddNVnU35? ??? Listen on Spotify: https://lnkd.in/d7pKFJnR? ?? Listen on Apple: https://lnkd.in/dnCrUQjB #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata