Property Management News
As economic woes continue to pummel the housing industry, one real estate developer is finding opportunities within a new market – the “forever renters.” Post Brothers CEO and co-founder Michael Pestronk joined “Varney & Co.” Friday to discuss the real estate opportunity brewing in urban areas as some Americans are opting to rent instead of buying a home. “The biggest issue, especially in large established metro areas, is a lack of product. There’s no such thing as a starter home in large [Metropolitan Statistical Areas] anymore. There’s no land available to build housing within commutable distances of jobs,” he... Read more
The U.S. Department of Housing and Urban Development (HUD) Office of Inspector General (OIG) conducts independent audits, evaluations, investigations, and other reviews...
The Los Angeles County Board of Supervisors has unanimously voted to increase apartment inspections and withhold rent payments from negligent landlords, a vote that...
A new report from Zillow reveals the rising costs for renters living alone. The cost of living alone in an apartment has gotten even pricier, according to a new report...
For this generation, job opportunities outweigh the cost of housing High rents don’t seem to bother Gen Z when deciding where to move. Even though three-quarters of...
Renters hoping to catch a break might be able to find deals in the western parts of the United States as the rental crisis starts to ease across the country, according to researchers at Florida Atlantic University and two other schools. At least 21 of the 100 measured metropolitan areas are renting at a discount relative to their long term rental pricing trend, January data from the Waller, Weeks and Johnson Rental Index shows. Boise City, Idaho offers prospective renters the largest discount in the country: the typical unit is renting at a 5.45 percent discount. It’s followed by Austin, Texas, a 3.27 percent discount; Phoenix, a 3.15 percent discount; Las Vegas, a 2.88 percent... Read more
Construction of low-density housing like duplexes hovers near record lows, as states pass zoning reform to tackle the affordable housing crisis. More small multifamily...
The president is proposing funds to increase tax credits, support construction of affordable housing and reduce homelessness. President Joe Biden on Monday proposed...
Brokers’ fees are generally the most significant portion of upfront costs. Moving is always a major pain — but new data shows that, for New Yorkers, it’s also...
In the crowded rental market, where numerous properties compete for attention, creating an irresistible offer is a strategic way to distinguish your listing and attract...
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