A steep shortage of homes has created a serious housing crisis across the country. Record numbers of Americans are spending more than they can afford on their mortgage or rent. Biden and Trump offer divergent approaches to federal housing policy. The US is facing a housing crisis. A severe shortage of homes, high interest rates, […]
Starwood Capital Group’s chief executive and chairman doesn’t seem to be a fan of the Federal Reserve. The billionaire behind the real estate investment firm, Barry Sternlicht, has mocked and blamed the institution and its chair, Jerome Powell, on several occasions. Sternlicht once referred to the Fed as “Jay Powell and his merry band of […]
If you’ve noticed your rent go up in recent years in Myrtle Beach, you’re not alone. It’s a broader Grand Strand trend, and according to one report, the area is one of the most expensive regions in America to pay rent in. USA Today released a report May 21, 2024, using data obtained from Rent. […]
Florida Rents Are Dropping Fast Is It Time For Investors To Look Elsewhere? A recent study from Redfin shows that year-on-year rents in some of Florida’s major cities are down significantly. Some real estate investors wonder if this is a natural correction or the beginning of a significant pullback in the Sunshine State. Redfin’s data […]
(Bloomberg) — Surging rents across many developed economies are proving to be a stubborn hurdle for central banks as they struggle to nail down inflation once and for all this tightening cycle. Most Read from Bloomberg In the US, UK, Canada and Australia, rapidly rising housing costs — which have a hefty weighting in consumer […]
Apr. 30—Starting in June, landlords in Spokane will have to warn tenants 120 to 180 days in advance before raising rents. The Spokane City Council voted 5-2 to implement the new rental regulation. Councilmen Jonathan Bingle and Michael Cathcart voted in opposition. State law has required a minimum of 60-day notices for rent increases since […]
Apr. 29—Starting in June, landlords in Spokane will have to warn tenants 120 to 180 days in advance before raising rents. The Spokane City Council voted 5-2 to implement the new rental regulation. Councilmen Jonathan Bingle and Michael Cathcart voted in opposition. State law has required a minimum of 60-day notices for rent increases since […]
After hearing from members of an influential religious group about the difficulties of finding affordable housing in South Florida, Miami-Dade County Mayor Daniella Levine Cava endorsed a program to subsidize loans for property owners willing to rent efficiencies to low-income tenants as well a series of other steps aimed at addressing skyrocketing rents. The proposals […]
A new law has paved the way for twice as many apartments for a Miami Beach development that targets the city’s working class with capped rents. After being presented and approved two years ago, Mia will return to Miami Beach’s Planning Board in late April with double the number of floors and apartments than originally […]
LANSING, Mich. (WLNS) – Regardless of multiple code violation, a Lansing apartment complex rented out a unit not safe to live in, according to city sources. Autumn Ridge Apartments has been in multiple court battles with the City of Lansing regarding code compliance issues. City sources said that in the last month, one person was […]
Is the rent still too damn high? Yes, if you ask most renters. But relief could be on the way thanks to a large stock of recently opened apartment buildings, and units that are planned or already under construction in the Cincinnati metro area. Developers brought about 5,000 new apartment units online in the Cincinnati […]
Heading into 2024, the Triangle’s rental market remains “hot.” While prices are slowly cooling, apartment hunters still face stiff odds, according to RentCafe’s year-end report. Outpacing metros like Charlotte, Atlanta and Washington, D.C., the Raleigh-Cary metro area is the most competitive in the Southeast, it found, ranking No. 36 out of 139 large markets analyzed. […]