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Stock impact report

AppFolio’s Second Annual Property Manager Benchmark Report Reflects Changing Dynamics of 2024 Real Estate Market

AppFolio, Inc. - Class A (APPF) 
Last appfolio, inc. - class a earnings: 3/2 04:10 pm Check Earnings Report
Company Research Source: GlobeNewswire
SANTA BARBARA, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- AppFolio, Inc. (NASDAQ: APPF), the technology leader powering the future of the real estate industry, today released its second annual AppFolio Property Manager Benchmark Report, offering insights into the industry’s strategies and priorities for 2024. Based on responses from more than 5,000 U.S. property management professionals, this comprehensive study encompasses a diverse cross-section of the property management sector. It reveals that maintaining high occupancy is a top concern, due in part to rising vacancy rates. More than one-third (35%) of respondents report maintaining high occupancy rates as a top threat for 2024 – a 12% increase compared to 2023. Additionally, respondents are less likely to raise rents this year when not also making improvements to the unit or building, decreasing from 70% of property management professionals in 2023 to just 42% in 2024. All signs point to a more competitive rental market in 202 Show less Read more
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