Ten years after the U.S. housing market crashed, some things have gotten worse instead of better. More U.S. households are headed by renters than at any point since at least 1965, according to new analysis of Census Bureau data by the Pew Research Center, a nonprofit think tank in Washington, D.C. “The total number of households in the United…
A handful of startups are betting they can help apartment-building owners convert empty units into hotel rooms, a controversial practice that could help landlords generate more revenue. The rise of home-sharing services such as Airbnb Inc. has been a boon for owners of single-family homes looking to make extra money by renting out their properties….
Nashville has the hottest single-family housing market in the U.S., according to a report that shows nation-leading annual growth in home sales and price appreciation for the recent second quarter. The No. 1 ranking by online real estate marketplace Ten-X Research of Irvine, Calif.., is also based on local growth in population, wages and jobs plus…
Lawyers for Penn State University fraternity members who face charges in connection with the death of a 19-year-old pledge from New Jersey are trying to get some of the charges dismissed before a trial takes place A preliminary hearing in the case against 18 young men who were part of the now-closed Beta Theta Pi…
It’s a problem in San Francisco, units that remain vacant. Pick any reason why this frustrating phenomenon occurs: pro-tenant housing laws, greedy landlords smarting over rent control, owners waiting for leases to end in order to sell, overseas investments. Seeing as how the city is in the midst of a crippling housing crisis, vacant units,…
In addition to our primary residence, we own one-and-a-half rental properties. That is, we own one by ourselves and half of another, more expensive condo that we rent out in a college town. We’ve owned the more expensive condo for nearly 10 years and decided that this spring would be a good time to sell…
National homeownership rates hit 50-year lows last year during the second quarter, slipping to just 62.9 percent, according to the U.S. Census Bureau. Since then, rates have climbed slightly to 63.6 percent in the first quarter of 2017. This is 0.1 percent higher than the first quarter of 2016 before the drop, but it’s a statistically…
Are you ready for the housing market’s Endless Summer? At least it might feel endless, because there seems to be no end in sight for the national housing shortage now that we’re waist-deep in the busiest season for buying and selling, according to a preliminary analysis of June data by realtor.com®. With limited growth in for-sale homes, prices remained high….
Investors and wealthier shoppers are pricing first-time homebuyers out of the market. After the 2008 reset of the housing market, prices have recovered — but at a much faster pace than wages. The S&P Dow Jones index that tracks home prices in 20 major cities like San Francisco and Chicago set a record for a…
While much of the focus at large multifamily conferences often revolves around new, high-rise, Class A properties, a series of panels at the recent National Apartment Association’s annual education conference concentrated on independent owners and how they can maximize income and value using similar tools to their institutional counterparts’. From small improvement tips to large-scale…