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Property Management News

What the Housing Market Slowdown Will Mean for...
What the Housing Market Slowdown Will Mean for...

Red hot home sales during the pandemic have cooled and that could have consequences for one of the main revenues local governments rely on. But the outlook varies place to place. As quickly as the housing market heated up during the pandemic, it’s cooling down. At the beginning of this summer, home prices were nearly 16% higher than the previous year and up nearly 9% from the beginning of this year, according to the CoreLogic Case-Shiller Home Price Index. But in July prices dropped 0.2%—marking the first national decline since 2012. Most experts and local government officials expect the market to slow considerably over the next year. In fact, Fitch Ratings estimates that... Read more

E-Bike Fires Spark Demands For Bans From...

A few months ago, after e-bike batteries sent a multifamily building in Brooklyn up in flames, Jan Lee got a call. As a licensed contractor, the Sunset Park...

In Last-Minute Vote, LA County Leaders Approve...

  With just one week left until pandemic-era eviction rules were set to expire, the L.A. County Board of Supervisors voted Tuesday to extend COVID-19 renter...

White House using one-size-fits-all plan to...

Read the full White House Press Release Here. The White House announced Wednesday it is taking strategic steps to protect renters, including setting up limits on...

LA City Council Votes To Expand Tenant Rights As...

  The L.A. City Council voted Friday to vastly expand tenant rights by approving a package of new protections meant to keep renters housed after pandemic-era...

It’s the perfect starter home. But it’s only...
It’s the perfect starter home. But it’s only...

Adam and Tahnya Gaston arrived in this Austin suburb in June with a toddler, a dog and enough money for a down payment. But within days they scrapped their plans for buying a house, deterred by soaring home prices and rising mortgage rates. Instead, they’re paying $4,000 a month to lease a three-story house in a new development aimed squarely at renters. As the housing market sours, families around the country are eschewing homeownership and turning instead to new homes in rental-only developments such as the one where the Gastons landed. When completed, the Oaks on Chisholm Trail will have 113 stand-alone homes, each with a kitchen island, two-car garage and tiny plot of... Read more

Reporting Apartment Rent Payments Takes on...

Residents more often pay on time and seek communities that enable rent reporting. Reporting renter payment history to consumer reporting agencies (CRAs) has occurred...

These apartments will soon get their heat from...

Two new high-rises in the Bronx are installing a system called SHARC that captures wastewater for heating and cooling. At two high-rise apartment buildings in the...

Rent Control Measures High on Priority List for...

In 2022, local and state legislatures across the country raised the issue of rent control to address the high cost of living and the ongoing affordable housing crisis....

Airbnb Launches Program to Help Long-Term Renters...

Prospective residents can find Airbnb-friendly apartments as the cost of living increases. Airbnb has launched a program that will assist prospective long-term renters...