Articles Tagged with ''renters''

RENTcafé: 83% of renters can't afford to live where they want

Sky-high prices in job nodes make a hellacious commute nearly universal for renters
A RENTcafé survey of more than 2,000 renters found that less than 17% of them lived close to their desired location, meaning that 83% of renters have to go the extra mile(s) to get where they’re going. According to RENTcafé, apartments in desirable areas (aka job centers) cost $1,655 per month, a 37% increase over the national average rent of $1,211 in regular or low-rated locations.
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Rover and Mobile Doorman partnering for pets

The two companies announced a beta partnership integrating their platforms
Custom apartment app developer Mobile Doorman will be integrating Rover's services into its custom-branded apartment community apps. Rover, a pet care service provider, is to offer special pricing and promotions to new customers through Mobile Doorman's apps.
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Freddie Mac: Boomers, Gen Xers less interested in buying a home

Affordability concerns push more toward renting
As affordability continues to be a growing concern, more segments of the population, especially Baby Boomers and Gen Xers, are showing less interest in buying a home. What’s more, about 50% of Baby Boomers who are currently renting do not think they will ever buy a home in the future.
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NAR: Renters say they want to own a home

But not for the reasons you might think
About 75% of current non-homeowners say they would like to own a home one day, and consider it as part of the American Dream. However, the reasons why they want to buy a home, or more specifically, one major reason that isn’t a factor in their decision, might come as a surprise.
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Renters take over nearly 25% of major U.S. cities

Rentership growth outpacing homeownership in 97 of top 100 cities
Over the past 10 years, the rental population increased dramatically, even outpacing homeownership growth in the majority of the top U.S. markets, however, a new study from RentCafé shows there’s still hope for the homeownership population.
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Rental population decreases for first time since 2004

But rent prices surge in 2017
After steadily climbing for the past 13 years, the population of renters decreased for the first time since 2004. Although the number of renters declined slightly in 2017, they continue to hold a significant claim on the market as renting now far outpaces ownership.
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Reforming the mortgage interest deduction: A chance for fairness for American taxpayers?

Republican tax plan opens door to realign housing priorities
[Expert Opinion] By doubling the personal exemption and proposing to halve the mortgage eligible for the deduction to $500,000, House Republican tax proposals have opened the door to a fundamental shift in the tax treatment of housing. This is a rare opportunity to realign federal tax support for housing to help all taxpayers – renters and owners.
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