The federal government's moves, including the government shutdown, have reverberated throughout the economy this year. And the multifamily industry has not been exempt.
Apartment executives have been advocating for more aggressive interest rate cuts from the Federal Reserve for a while. After getting a few reductions last year, they received another just last month. But many think more action is needed.
One place where there has been plenty of movement is on the antitrust front.
The Federal Trade Commission recently sued Zillow and Redfin over what it says is an unlawful agreement that eliminated Redfin as a competitor in the market for placing advertising of rental housing on internet listing services. At the same time, the Department of Justice has continued to prosecute the algorithmic pricing case against RealPage and apartment operators, recently securing several settlements.
Other moves were met with applause from the apartment industry, including HUD reducing the Federal Housing Administration multifamily mortgage insurance premiums for all programs to 25 basis points. Read on for our coverage of news out of Washington, D.C.
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Multifamily Dive will continue to follow the evolving policy landscape and other pressing industry news. As always, thank you for reading.
