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Items Tagged with 'Renting'

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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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  • 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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  • Here’s what renters are really looking for in their next apartment

    Search trends reveal the things renters really care about
    Surely one of the top questions for any landlord or property developer is what do renters really want in their next apartment? What matters to them? What do they care about? For the most part, answering that question is probably a guessing game. Well, maybe not anymore. Newly released data from RENTCafé and Yardi Matrix provides insight into what renters truly want, based on the one place they can’t really lie about – their search history.
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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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  • Alexandria Ocasio-Cortez struggles to afford rent, like most Millennials

    Millennials spend more than 45% of their income on rent before age 30
    Nationwide, renters are struggling to navigate affordability, especially Millennials who on average spend more than 45% of their income on rent before the age of 30. So, it shouldn’t be surprising when a Millennial voices concern about rental affordability, right? But what if that Millennial is a newly elected member of the House of Representatives?
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  • Rent just hit an all-time high… again

    Rents just keep on climbing
    With more and more renters feeling the affordability crunch, there seemed to be some light on the horizon recently with the steady rise in rents appearing to finally slow down over the last few months. Nevermind. As it turns out, rents are still going up and just hit an all-time high, again.
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