Property Management News
A New York appeals court struck down a state law banning discrimination against tenants who use Section 8 vouchers, ruling that the 2019 source-of-income protections violate landlords’ Fourth Amendment rights. The five-judge panel sided with Ithaca landlord Jason Fane, who argued that accepting Section 8 tenants would require allowing housing officials to inspect his properties without a warrant. The judges acknowledged Section 8 as a critical tool for expanding affordable housing and noted that source-of-income discrimination often serves as a proxy for other forms of bias, but ultimately concluded the law was unconstitutional on its face. Attorney General Letitia James, who sued Fane in... Read more
Despite a recent softening in rents for new leases and a cooling construction pipeline, rental housing in the US remains unaffordable for households across the income...
KEY TAKEAWYS Utility costs fell from 11–12% of multifamily rent in the mid-2000s to 8.8% by 2020. US shale boom and lower natural gas prices reduced utility...
Across the United States, the gap between the cheapest and most expensive cities in a single state has become a defining feature of the rental landscape, not an...
Even New York City’s affordable housing is getting too expensive for many low-income tenants, leading to a spike in eviction filings, a new report...
The U.S. rental market has officially tipped in favor of tenants and turned renter-friendly as the vacancy rate has climbed to 7.6% across the 50 largest metros. Realtor.com says in their January Rental Report that 44 out of the 50 largest metros are now either renter-friendly or balanced, leaving just six markets more landlord-friendly. As vacancy rates rise, costs are adjusting downward. January marked the 29th consecutive month of year-over-year rent declines, with the national median asking rent dipping 1.5% year-over-year to $1,672. “After years of being squeezed by limited inventory, renters are finally seeing the supply wave work in their favor,” said Danielle Hale, chief... Read more
At the first sign of vacancy troubles, apartment operators often react by running a community-wide rent special. Here’s the problem: Broad specials, where every...
While early 2026 brought lower monthly housing costs and higher vacancy rates to many major metros, renters in a select few affordable, job-packed hubs are seeing...
There’s little sign yet that rent concessions are on their way out. Instead, January data showed they have reached their highest monthly level since mid-2014 –...
KEY POINTS The national median rent in January was $1,353, a drop of 1.4% compared with one year ago. The national vacancy rate was 7.3% in January, a record high on...
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