By NATHAN KADISHA As a property owner/operator with years of experience in the real estate industry, I have witnessed firsthand the challenges faced by both landlords and tenants in navigating the complex landscape of housing affordability. In recent years, because of economic uncertainty, higher interest rates, and inflation pressure, the issue of affordable housing has…
The number of renters who believe they’ll never afford a home has skyrocketed in the last year as rates rose and stock shortages lifted home prices out of their late-2023 spiral. A recent Redfin survey found that close to 38% of renters believe they are unlikely to become homeowners, up from 27% at the same…
By ERIN FLYNN JAY Compared to homeowners, renters feel bad about their finances, but in most of the country renting is the more affordable option right now. A recent Axios Vibes survey by The Harris Poll shows that homeowners are nearly twice as likely to say they are getting ahead financially when compared to renters….
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…
Rent growth decelerated for the fifth straight month, but renters in lower-priced units are still feeling the squeeze as homeownership remains out of reach for most Americans. Single-family rents increased only 10.2% YOY in September, down from 13.9% in April 2022, according to recent data from CoreLogic. This is still double the pre-pandemic growth rate,…
By KIMBERLEY HAAS As pet owners think about what their next move will be if they have to sell their homes due to the economic backlash of the pandemic, some organizations are advocating for increasing options for renters with dogs and cats. According to The American Society for the Prevention of Cruelty to Animals, a…
Renters were three times more likely to miss payments than homeowners during September and October, according to research from the Mortgage Bankers Association’s (MBA) Research Institute for Housing American (RIHA). The study, titled Housing-Related Financial Distress During the Pandemic, found that the share of renters who missed, delayed, or made a reduced payment rose to…
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