Items Tagged with 'Rent'

ARTICLES

  • Average rental prices rise as nation faces multifamily housing shortage

    Rents in 36% of the nation's cities exceeded the national average
    RentCafé indicates that the nation’s average rent rose $48 month over month to $1,469 in July. Not only is this a 0.2% increase from the previous month, but it is also 3.4% higher than the same time period in 2018. Doug Ressler, Manager of Business Intelligence at Yardi Matrix, said rents continue to rise partly because more and more Americans are looking for apartments while too few are being built.
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  • Rental prices hit a median of $1,465 in June

    Rents in 88% of the nation's cities increased in the first half of the year
    As rent prices continued to climb in June, RentCafé indicates that the nation’s mid-year average rent spiked $37 from the previous year. According to the company’s Mid-Year Rent Report, the national average rent in June totaled $1,465. Not only is this a 0.8% increase from the previous month, but it is also 2.6% higher than the same period in 2018.
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  • LeaseLock unveils security deposit alternative that lets renters pay a monthly fee instead

    Partners with Boost Insurance to offer alternative to security deposit
    The push to move past the traditional security deposit is about to take a step forward thanks to a new product that lets renters pay a monthly fee instead of providing a month's worth of rent upfront. LeaseLock Insurance Services is partnering with Boost Insurance to offer a program called "LeaseLock Zero Deposit," which replaces the upfront security deposit with a monthly charge that renters pay as part of their rent payment.
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  • These are the most affordable rental markets

    Majority of top affordable metros located in inland markets
    A new report by Zillow reveals the country’s most affordable rental markets, measuring affordability by the amount of income that renters need to set aside for monthly payments. According to the company's research, these are the five most affordable rental markets.
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  • Renters are renewing their leases more than ever before

    Rents rise, but people still choose to stay in their apartment
    Despite rents continuing to rise throughout much of 2018, renters are choosing to remain in the same apartment more than they ever have before, even if their rent goes up. In fact, a new report from RealPage shows that apartment resident retention (renters electing to renew their lease after its initial term expires) hit an all-time high last year.
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  • Renter-focused insurance startup Jetty raises $25 million

    Offers renters insurance, security deposit insurance, lease guaranty
    Jetty, a renter-focused insurance startup, announced this week that it raised $25 million to grow its business. In addition to offering renters insurance directly to renters, Jetty also partners with property managers and landlords to offer renters insurance directly through the property. The company also offers a security deposit alternative and a lease guaranty option that are facilitated through its partnerships with property managers.
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  • Here’s what rents did in all 50 states in 2018

    Which states rose and which fell? Here’s your answer
    As we’ve now officially crossed over to 2019, we can take a full look back at what happened in the multifamily industry in the year that just passed. A recent report showed U.S. renters paid a record $504.4 billion in rent in 2018. But what did rents do on a state-by-state basis? And what about on an apartment-type basis? Here are your answers.
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