Property Management News
Any seasoned traveler knows it can be tough (and expensive) to find last-minute accommodations in classic summer travel spots like Cape Cod or the Hamptons. By some accounts, however, this year there’s a glut of peak season summer rentals still available in reliably in-demand destinations. The vacation rental platform Vacasa reported in a May letter to shareholders that business is on a downswing after two years of record bookings and profits. “We continue to see evolving booking patterns as the industry comes off of two record years, and we are experiencing some renewed bookings softening, especially on the close in part of the booking curve,” Vacasa says in the letter. Even... Read more
KEY POINTS A credit freeze prevents lenders and other third parties from accessing your credit, stopping criminals from opening new credit accounts in your name. A...
When its legislative members formed the California Renters’ Caucus last fall, they understood the scope of their challenge: They were the only three renters...
Multifamily completions are on track to top 520,000 units this year, which would be the most since the late 1980s, according to a projection by CoStar...
Small multifamily homes are a popular means of facilitating immigrant homeownership. Since 2019, co-author Sharon has conducted ethnographic and qualitative research in...
Rents dropped on an annual basis in May for the first time in three years, according to new analysis, particularly in Southern and Western cities. A report from Realtor.com found that the median U.S. rent fell slightly in May compared to the same time last year, indicating that prices are indeed starting to come down from record-breaking highs. And while the market is still a long way from pre-pandemic norms, rent declines are expected to continue in a welcome development for inflation-weary renters. Realtor.com analyzed its inventory for studio to two-bedroom apartments in the 50 largest U.S. cities and their surrounding areas. It found the median rent in those cities declined 0.5%... Read more
Oregon Gov. Tina Kotek has signed a revised rent control law, SB 611, which caps rents and prohibits landlords from charging a rent increase annually of more than 10...
Nevada led the nation in May for the biggest decline in rental rates year over year, according to a new study from Rent. Research which is owned and operated by Redfin,...
For over two decades, Rory Steinel and his wife have rented out their beachside home along the Jersey Shore during the busy summer months. The property has always been...
A City Council member is sponsoring a bill that takes on the ever-present role of broker fees in the New York City apartment hunt. Council Member Chi Ossé is fronting...
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