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  • President Trump signs Dodd-Frank rollback into law

    President Donald Trump signed a major Dodd-Frank rollback into law Thursday, hoping to bring regulatory relief to community banks across the U.S. The president explained Dodd-Frank’s costly regulations gave large banks a negative advantage at the cost of small banks throughout the country. Click the headline to read more.

Items Tagged with 'Renting'

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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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  • Millennials will spend 45% of income on rent before age 30

    Most rent burdened generation
    As rent prices continue to rise, a new study shows Millennials are paying about 45% of their total income toward rent, and pay close to $100,000 toward rent before they turn 30. Here’s how that compares to the generations before them, and what it means for the next generation.
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  • Most Americans live in areas where renting is cheaper than buying

    But buying a home cheaper in 54% of U.S. markets
    Across the U.S., buying a home is cheaper than renting in the majority of housing markets, however most Americans live in areas where renting is still cheaper than buying. Renting has clearly become the lesser of two housing affordability evils in many major population centers, with renting more affordable than buying in 76% of counties that have a population of 1 million or more.
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  • Case-Shiller: Renting could become more attractive than home buying in 2018

    Home prices rise 6% annually
    Home prices increased in October, and experts are beginning to fear 2018 could block many potential buyers out of the housing market, forcing them to rent. The Chairman of the Index Committee explained that since home prices are rising faster than wages, salaries, and inflation, some areas could see potential home buyers compelled to look at renting.
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  • Low credit score? In some markets you'll qualify for a mortgage, but not for a lease

    Hottest renting markets require credit scores over 700
    An analysis into some the most competitive markets in the U.S. shows buying a home is not only financially better than renting, but it could also be easier to qualify for. A new study from RENTCafé shows many of the nation’s hottest renting markets expect tenants to hold FICO scores of at least 700.
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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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  • These are the top 10 least affordable rental markets

    Renting affordable to minimum wage earners in only 12 counties
    Housing costs continue to reach new heights in the U.S., making rental affordability unachievable for many minimum wage earners. In fact, while working 40 hours a week on a minimum wage salary, only 12 counties in the U.S. are affordable.
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  • Rentalutions, online platform for landlords, raises $2 million to fund expansion

    Funding will be used to automate service offerings
    Rentalutions, a Chicago-based online platform for landlords, announced this week that it plans to expand its offerings thanks to a $2 million round of funding. The company said that it plans to use the funding to add new features to “automate common time-consuming and expensive processes, including finding and screening tenants, accepting payments and managing maintenance requests.”
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  • Airbnb limits long-term housing options and tenants start to fight back

    Bloomberg reports on landlords choosing short-term renters
    As more investors and landlords move to list houses and apartments on short-term rental websites, like Airbnb, rather than seek long-term renters, a fight is emerging over the impact of this shift on renters. A new report shows just how contentious the fight over Airbnb is becoming in certain expensive markets, such as San Francisco.
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