Items Tagged with 'Rent'

ARTICLES

  • Are rent prices cooling off?

    New rental price report from Abodo shows slowing growth
    During the last year, rental prices have been reaching all-time highs, but will they slow down? A new rent price report from apartment search site Abodo says that rental rates nationwide are stabilizing.
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  • Senate Democrats unveil sweeping rent reform proposal

    Dems introduce act that could bring tax relief to renters
    Increasing rent prices leave many American families struggling to afford housing, but Senate Democrats have introduced new legislation to help alleviate that stress. The Rent Relief Act will award a refundable tax credit to renters that pay more than 30% of their gross income on rent, including utilities.
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  • Rental scammer ordered to repay $5.2 million to deceived consumers

    Offered fake rentals and tricked people into signing up for credit monitoring
    The owner of a supposed credit monitoring service will repay $5.2 million to deceived consumers for using fake rental properties to trick those consumers into signing up for the credit services. The company's sites offered "free" credit information but auto-enrolled the renters into a credit monitoring service that charged $29.94 on a monthly basis.
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  • Rent just jumped to an all-time high

    New report shows nationwide rent crosses $1,400
    We’ve known that the rent may be too damn high for quite a while now, but a new report shows that rent has never been this high before. Newly released data from RentCafé and Yardi Matrix shows that nationwide apartment rents just hit an all-time high in June, crossing the $1,400 threshold for the first time ever.
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  • RealPage: Rent growth continues slow slide, but multifamily remains healthy

    Large delivery numbers are slowing rent growth, but strong demand is keeping occupancy up
    Rents are increasing at the slowest rate in eight years, according to a report from RealPage. Though the run of annual growth has reached a record 32 quarters, the continued delivery of new units has taken its toll on rent growth, slowing it to 2.3%. But there are several silver linings in this cloud.
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  • Minimum wage, minimum housing prospects

    Minimum wage workers can’t afford a 2-bedroom anywhere in the U.S.
    [Op-ed] If you make minimum wage, chances are you have limited housing prospects. The maximum affordability for most low income renters is $660 a month, but they need to make at least $22.10 in order to rent a modest 2-bedroom apartment. Sadly, most market-rate apartments in every U.S state continue to be out of reach.
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  • Is the rent finally too damn high? Rent households fall again, homeownership holds steady

    Median asking rent continues climbing
    Is a combination of high rents and shifting demographics driving a move from renting to buying? The latest data from the Census Bureau shows that may be exactly what’s happening. On Thursday, the Census released its quarterly report on residential vacancies and homeownership. And the report had some good news and bad news, depending on which industry you’re in.
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  • Rental market finally starts cooling down

    When renting can outweigh buying a home
    A lack of growth in rents over the past four months represents the longest period of stagnation in recent history and the slowest annual growth rate in six years. Even some of the most notoriously expensive markets such as Manhattan, San Francisco and Boston saw a halt in monthly rental price growth. In fact, now, in some circumstances, renting can even save more money than buying a home.
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  • New bill could bring tax relief to renters struggling with affordability

    Bill from New York’s Joseph Crowley seeks to provide relief to “rent-burdened”
    A new bill introduced Monday by Rep. Joseph Crowley, D-New York, could bring relief to renters who find themselves struggling to afford their rent. Crowley’s bill, entitled “The Rent Relief Act,” would offer refundable tax credits to people who live in rental housing. Here are more details about the bill.
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