The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

How demographics shaped the housing market in 2021

The U.S. housing market entered a period of the best housing demographics ever recorded in history the same year that COVID grabbed hold of us.

@properties CEOs talk company growth and franchising

In this episode of HousingWire Daily, Mike Golden and Thad Wong from @properties discuss the future for the company including its nationwide franchising plans as it expands.

Keep Up With the Latest Third Party Origination News

Want to stay up to date with the latest on the third party origination front? We designed a specific news hub with lenders and brokers in mind, with Rocket Pro TPO leading the discussion.

Real Estate

Is San Francisco the world’s most expensive rental market?

Yeah, actually, it is. Are you surprised?

We all know that housing in California is crazy expensive. And we know that San Francisco and New York’s rental markets are the most expensive in the U.S. but what about in the world?

According to a new report by Zumper, the answer is yes.

Apartment search site Zumper compared the rent rates for one bedroom apartment units across the world and found that San Francisco and New York’s rates were No. 1 and No. 2, respectively.

Check out the chart below from Zumper to see how world rental markets compare with San Francisco and New York.

 

Rent for San Francisco tops out at $3,690 while New York City’s rent is $2,870, according to the site. The third most expensive rental market in the world is Hong Kong, with an average rent of $2,350.

London rents looks like a bargain compared to SF, coming in fourth with $1,967.

“Jeez Louise,” as my mom would say.

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3d rendering of a row of luxury townhouses along a street

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