This week’s roundup takes a look at millennial rentership, multifamily rent growth and the most expensive zip codes in the U.S. First, Apartment List reveals the results of its “2019 Millennial Homeownership Report,” which shows that 12.3% of millennial renters plan to “always rent,” an increase from 10.7% a year ago, with many respondents saying down payments present the biggest obstacle to owning a home. Next, NREI notes that apartment rents are expected to continue rising due to sustained demand, but rates of growth will be slower than in previous years. Arbor’s Chatter blog covers NYU Schack’s recent capital markets conference, where expert panelists discussed issues impacting the real estate sector, including technology adoption and finding investment opportunities in the current economic environment. Then, CoreLogic observes that single-family rents increased 3% year over year in September, with lower-priced homes seeing faster increases than high-priced homes. Finally, PropertyShark lists the most expensive cities in the U.S., with California and New York housing some of the nation’s priciest metros.

2019 Millennial Homeownership Report: More Millennials Are Preparing For A Life of Renting

Apartment List – November 19

“The share of millennials who plan to rent forever is on the rise. Even among those who expect to purchase a home in the future, nearly half have saved nothing for a down payment.”

Apartment Sector Likely to Experience Continued Rent Growth, Albeit at a Slower Pace

NREI – November 19

“Developers continue to plan to open hundreds of thousands of new apartment units every year for the next few years. Overall, however, occupancy levels remain relatively high.”

Real Estate Investors Adapt to a Changing Environment

Arbor Chatter – November 20

“Finding investment opportunities in the late stage of the cycle, the rise of the shared economy and technology’s impact on real estate were all significant topics discussed at the recent NYU Schack Institute of Real Estate’s 52nd Annual Capital Markets Conference in Manhattan.”

Low Rental Supply is Pushing Up Rents

CoreLogic – November 19

“Rents on lower-priced rental homes increased 3.8% year over year and rents for higher-priced homes, defined as properties with rents more than 125% of the regional median rent, increased 2.9% year over year.”

Top Most Expensive U.S. Zip Codes in 2019

PropertyShark – November 18

“Hitting an all-time high in 2019, California claimed a jaw-dropping 91 zip codes of the 125 zips featuring the 100 most expensive medians, including 6 of the 10 priciest.”