Items Tagged with 'renters'

ARTICLES

  • 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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  • Apartments are getting smaller but costing more. What gives?

    Average apartment size has fallen by 5% in 10 years, while prices have risen
    Depending on which report you believe, rents are either slightly falling or just hit another all-time high. Regardless of whether rent is still going up nationwide, one thing is certain: Rents have gone up significantly over the last 10 years. Given that increase, one might think that renters are getting more for their money in the form of larger apartments, right? Wrong.
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  • Renters more financially stressed than homeowners

    Study shows renters have harder time paying for basic needs
    Almost half of renters say they have trouble paying for basic needs, according to a recent report by Washington think tank The Urban Institute. The study drilled down on past survey results to better assess the divide between renters and owners, revealing that 46% of renters said they had trouble paying for basic needs, while just 36% of homeowners said the same.
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  • NPR: Can rent control save California's struggling renters?

    Some say inventory should be the main concern
    Affordability continues to haunt homeowners and renters nationwide, especially Californians navigating one of the nation’s most unaffordable markets. However, a recently introduced proposition may offer Californian renters some peace of mind, according to an article from NPR.
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  • Rental management platform TurboTenant raises $2.2 million to fund growth

    Will use capital raised to roll out new features and expand market share
    TurboTenant, a free platform for landlords that includes rental marketing, online rental applications, tenant screening, renters insurance, tenant management and communication, is planning to grow thanks to some newly raised funding. The platform garnered new investments from Service Provider Capital; Michael Beaudoin, co-founder of HomeAdvisor; and Karl Sowa, former CMO of HomeAdvisor.
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  • Realtor.com: Home prices are rising 3 times faster than rents

    This could mean further reinforcement for multifamily demand for the foreseeable future
    According to Realtor.com, home prices are rising at three times the rate of rent growth. A new analysis by the real estate company’s research division shows that the monthly costs of buying a home have risen by 14% over the past year while rents have only increased by 4%. That's likely to keep people renting.
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  • The rise of renter nation and why it's here to stay

    High rents, home prices and interest rates should keep people renting for a while
    Nationwide, the percentage has been growing for the last 10 years, and though homeownership has been making a small comeback lately, escalating rents and continually rising home prices are keeping many households on the lease life. And it looks like it's going to stay that way for a while.
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  • Zillow makes big move into rental services

    New tools allow renters to apply to unlimited properties for flat fee and pay rent through its portal
    Zillow is at it again, aiming to take more ground in the rental market. This week, the online real estate giant rolled out new tools that allow renters to apply for multiple rentals with one application that includes a background check, eviction history, and a credit report. Plus renters can pay their rent directly through Zillow's portal.
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