News Releases

Higher Interest Rates Begin to Impact Multifamily and Construction Delays in the Apartment Industry Ongoing as Costs are on the Rise

Increasing Cost of Capital Causes Sales Volume to Drop Apartment sales volume fell while both equity and debt financing became more costly, according to the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for July 2022. However, demand in most markets was still strong relative to supply. “Continued interest rate hikes from the Fed have…

Read more
Long Beach Lawsuit

Long Beach Vacant Lot Fee Challenged by Taxpayer Lawsuit By Susan Shelley, Howard Jarvis Taxpayers Association

When it comes to enacting new taxes and fees in California, local governments have limits on their power. That means they can’t do whatever they want, whenever they want, to whomever they want. They can’t arbitrarily select a particular group of people or a particular activity and start charging new fees to burden them. And…

Read more