Property Management News
South Florida homebuyers are starved for listings, and Zillow partly blames the shortage on a big increase in single-family rentals over the past 17 years. The tri-county region has 77 percent more homes being rented now than in 2000, the real estate website reports. South Florida has 242,000 single-family rentals today compared to 137,000 in 2000. Las Vegas led the U.S. with an astronomical 259 percent increase in single-family rentals. Phoenix was second with a 187 percent increase. “Thousands of single-family homes that were once bought and sold every few years prior to the recession have now been converted into rental properties by investors, trading hands much less frequently …... Read more
For the first time in two years, the Rent Guidelines Board [RGB] voted Tuesday to raise the monthly payments of 1.6 million rent-stabilized tenants. In a 7 to 2 vote at...
The Seattle City Council will consider the “Fair Chance Housing” ordinance, which would expand rental housing options for those with criminal records—a barrier...
Renters are finally setting their sights on homeownership, according to an analysis released by credit reporting agency TransUnion on Thursday. In Q1 of 2017, a...
Inventory shortages are weighing down just about every housing market, with supply on all sides—renter- and owner-occupied—on a months-long downtrend. A new...
The owner of several Reno, Nevada apartment complexes has agreed to pay $20,000 to settle allegations pet discrimination and Fair Housing Act violations involving requiring pet deposits from prospective tenants who require assistance animals, according to a release. The Silver State Fair Housing Council filed four complaints against the owner and manager of Silver Lake Apartments, Vale Townhomes, Oak Manor Apartments and Angel Street Apartments with the U.S. Department of Housing and Urban Development (HUD). These complaints allege ERGS, Inc. and Silver Lake Apartments, LLC discriminated against prospective tenants who required assistance animals by requiring applicants who required... Read more
As many as 10,000 baby boomers retire daily. Members of this generation are increasingly looking to real estate to diversify their retirement portfolios and boost...
Rising interest rates are one of the real estate market’s soft spots. The increase of the Federal interest rate led to numerous forecasts, many of which report the...
Freddie Mac has upped the ante on its securitization programs. In June the company issued hundreds of millions of dollars in bonds secured by loans to affordable housing...
U.S. home resales unexpectedly rose in May to the third highest monthly level in a decade and a chronic inventory shortage pushed the median home price to an all-time...
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