Rental

Guest Voices: The Impact Of Marijuana Legalization On The Rental Market

Posted on by TMN Editor
By BERTHA GARRETT Across the United States, marijuana laws are being relaxed, and legal marijuana programs are being introduced. The ongoing legalization of marijuana has impacts on many areas of society, including the rental market, and it’s important for both landlords and tenants to be aware of the latest developments. Impact of Marijuana Legalization on the Rental Market Clearly, attitudes toward marijuana have changed a great deal in recent years. California has a great influence on the decision to legalize cannabis and led the way with its legalization, with many other states following the trend and others currently in the process of preparing their own plans to make marijuana and cannabis products more accessible. When it comes to the rental…

Slowing Rent Growth Bodes Well For The Housing Market

Posted on by TMN Editor
Rent price growth is finally slowing, a positive sign for the housing market. The median asking rent rose 2.4% YOY in January, the smallest increase since May 2012 and the lowest level in almost a year, Redfin reported. Month-over-month, rents decreased by 1.9% and were down 5.4% from August’s peak. Eleven U.S. metros saw rents dip, with both Phoenix and Oklahoma City seeing declines of more than 6%. Though prices are retreating, rents are still 22.5% higher than in January 2020. Redfin analysts say rents are cooling because of increasing supply and lack of demand. Inflation, economic uncertainty, and low household formation have stalled demand. “We’re watching closely to see whether rents start falling year-over-year. That would be a welcome…