Rental Inflation: The Market Is Shifting As Growth Slows

By Dani Romero From Yahoo Finance The for-rent housing market is starting to come down, with rent growth dropping in recent months. “After four quarters of supply additions outpacing demand, the market is shifting with national asking rents declining over the last 90 days by 0.4%,” Jay Lybik, National Director of Multifamily Analytics, CoStar Group,…

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Nothing To Buy, Nothing To Rent

Nothing to buy, nothing to rent:’ Some Americans are stuck in housing limbo By Vera Gibbons From Yahoo Money When Rebecca DiLorenzo’s landlord of 14 months informed her that he would be raising the rent by $300 a month on the apartment in East Greenwich, Rhode Island, she shares with her fiancé, Kyle, she started…

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Portland Approves Option To Have Landlords Pay Tenant Relocation Fee

By Everton Bailey Jr. From The Oregonian Portland landlords must pay to move residential tenants who can’t afford any rent increase after the City Council unanimously agreed Wednesday to temporarily modify its renter relocation assistance policy. The rule goes into effect immediately and applies to any rent increase between September and March 31, 2021. Tenants…

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Rent Is Too High In U.S. Cities

The rent is just too darn high in these U.S. cities By Adriana Belmonte,Yahoo Money The cost of rent in the U.S., particularly in certain metro areas, is too darn high. Nearly half of U.S. rental households are spending more than the recommended 30% of their income on rent, according to a report from Apartment List. (The national rate went…

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New Apartments Designed To Help Shrinking Middle Class

Bucking the luxury housing trend, $500M in new apartments designed to help Seattle’s shrinking middle class Originally published June 10, 2017 at 8:00 am Updated June 12, 2017 at 10:40 am By Mike Rosenberg Seattle Times business reporter Two Seattle firms are putting $500 million into building “workforce apartments” rather than the luxury units now…

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Increase In Renters In U.S. Cities

Renters Now Rule Half of U.S. Cities Patrick Clark Thu, Mar 23 2:00 AM PDT Detroit was once known as a city where a working-class family could afford to own a home. Now it’s a city of renters. Just 49 percent of Motor City households were homeowners in 2015, down from 55 percent in 2009…

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Tenants’ Rights Legislation

“Today’s vote is a significant step towards increasing fair access to rental housing,” said Councilmember Lisa Herbold. According to Seattle’s Renting Crisis Report from the Washington Community Action Network, “48% of individuals who pay for rent with Social Security Disability Insurance or Social Security retirement income said that discrimination prevents them from having successful rental…

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