Print Friendly2018’s proposed multifamily and rental housing legislation left the industry relatively unscathed by the end of the year. Despite a few challenges, things are looking up. As we see what 2019 has in store for new laws affecting rental properties, owners, and property management companies, make sure you are in compliance with these notable 2018…
Print FriendlyNEW YORK, NY – The value of new construction starts in January advanced 2% compared to December, reaching a seasonally adjusted annual rate of $722.5 billion, according to Dodge Data & Analytics. The slight gain followed the loss of momentum that was reported towards the end of 2018, with total construction declines of 7% in…
Print FriendlyHow to never take a maintenance request again. What are your top 3 distractions keeping you from building wealth? For over 92% of apartment owners, maintenance is on that list. Not only is handling maintenance a distraction, but emergency situations can directly hit your bottom line if they lead to property damage. If maintenance is…
Print FriendlyUtah lawmakers are close to passing legislation penalizing renters for lying about owning an emotional support animal, according to reports. The lawmakers say the legislation is for the benefit of both landlords and people with legitimate disabilities, but disability groups say the legislation could be intimidating to people who legitimately need an emotional-support animal in…
Print FriendlyWhen you scan the internet for 2019 real estate trends, you’ll find a lot of different opinions about what the year will bring. However, one consistent theme is that we will start to see more and more millennials purchase homes. Whether it is because they are aging or feeling more financially stable, there’s no doubt…
Print FriendlyRising home prices have led many Americans to become renters. John Kobs, co-founder and CEO of rentals website Apartment List, believes that a growing number of people don’t want to be tied down to a specific place when making career and life choices. Kobs spoke with The Associated Press about the outlook for the U.S. home…
Print FriendlyRepublicans in the Oregon House of Representatives have asked to amend the Oregon rent control bill, Senate Bill 608, which has passed the Senate and is now up for consideration in the House, according to a release. The Senate approved the bill over bipartisan opposition, 17-11, with Democrat Betsy Johnson joining with Republicans in voting…
Print FriendlyThe volatility seen in equity markets during the last few trading sessions of 2018 made it clear that investors are beginning to contemplate a pullback. However, the real economy continues to exhibit strength by many accounts as we head into 2019. The labor market tightened throughout 2018, and the unemployment rate is at historical lows. Wage…
Print FriendlyClick the audio player above to hear the full story. Average rents on single-family homes rose by about 3 percent nationally in 2018, according to a report out Tuesday from CoreLogic, up from 2.7 percent in 2017. As it happens, that’s about how much average wages grew during that same period before you factor in inflation….
Print FriendlyIt is getting more difficult to afford a home in America. According to a report from ATTOM Data Solutions, a real estate and property data provider, median home prices in 2018’s fourth-quarter hit their least affordable levels in over a decade. That quarter, homes sold for a median price of $241,250, a 9% increase from…