Multifamily properties had an impressive year despite being in the late stages of an extended economic cycle; however, there are concerns as we look forward towards 2020 and beyond. Economic growth has resulted in wage growth but a lack of affordable housing for a growing cohort of middle-income households has brought about affordability concerns. Investors and developers have positioned themselves by shifting away from Class A units and primary markets.Read More
Part One of this series of blog posts described our need for a refactor by elaborating on the When and the Why. This post will go further to describe how we consolidated our technical problems, reduced them to highly specific pain points, and then how we went about our refactor.
In a lot of ways, knowing when or why to refactor is just as hard as knowing how to do the refactor. So that’s where I want to start, with the when and why - at what point does a refactor become necessary? Or maybe not even necessary, but the better path forward? And how do you convince stakeholders and non-engineers of that? How do you ask for the resources and time necessary to complete a refactor that will not immediately change a user’s experience, but will dramatically improve a developer’s experience?
March 7, 2020
Propelled by a strong economy, demand for multifamily units has been healthy for much of the current economic cycle. Over the past ten years, nearly 3 million new apartment units have filled, dropping vacancy rates to a cycle low – driving steady rent growth. Overall, the multifamily sector has performed consistently well for several years running. While signals of a minor economic slowdown have surfaced, growth in the multifamily market should, nonetheless, remain healthy throughout 2020.
February 21, 2020
Multifamily properties had another banner year in 2019 and are expected to remain healthy in 2020. Despite an increase in supply, vacancy rates and rent growth are both holding steady as investors are starting to chase yields in secondary markets.