Property Management News
Civil rights groups are coming together to bring a lawsuit against Bank of America and Safeguard Properties Management for alleged fair housing violations. The National Fair Housing Alliance, a group of 19 fair housing organizations and two homeowners from Maryland filed a lawsuit Wednesday against the two companies. According to the lawsuit, the defendants intentionally failed to provide routine exterior maintenance and marketing for Bank of America-owned homes in African American and Latino neighborhoods across 37 metro areas. This was then compared with mostly white neighborhoods, where the bank allegedly consistently maintained its homes. The claims the civil rights groups make... Read more
Millennials get a bad rep. While the internet is busy circulating speculative articles about how the millennial generation is killing off napkins and fabric...
A worker making federal minimum wage of $7.25 for 40 hours a week is unable to afford a two-bedroom rental anywhere in the country, according to a recent study. In...
According to ATTOM Data Solutions Q2 2018 U.S. Home Affordability Report, U.S. home prices in the first quarter were at the least affordable level since Q3 2008. The...
For the first time since the Great Recession, there are signs of a broad shift in America’s housing market. Homeownership rates are inching up, while the number of...
Job growth in and near downtown areas is seeing peak levels, with major employers like McDonald’s in Chicago and GE in Boston relocating their headquarters from the suburbs to the city cores to have direct access to young intellectual capital and to attract tech-savvy Millennial talent. Such changes are forging a stronger bond between jobs and residential and commercial development. But in spite of the construction boom, not everyone can afford to live close to where the jobs are, and especially not Millennial renters. Less than 17% of over 2,000 renters we recently surveyed said they live close to the location they want most, leaving 83% of renters living in less than ideal... Read more
Rising interest rates and the economy are the top two current issues to watch in real estate, according to the Counselors of Real Estate’s Top Ten Issues Affecting...
Whether they’re hoping to get ahold of an older abode or a freshly built one, today’s dearth of for-sale stock isn’t doing would-be buyers any favors. Every...
PHILADELPHIA ― The rodent infestation had grown so severe in the home Yazmin Vazquez shared with her nephew that when she left a plate of roast beef on the stove to...
What is the motivation behind long distance moves among renters? A new study from ApartmentList takes a look at why some renters chase jobs and other choose...
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