Homebuilders believe building homes to rent could help respond to housing affordability and down payment challenges in the real estate market, particularly in response to the COVID-19 pandemic. The single-family built-for-rent market has “received attention as a means to add single-family inventory amid concerns over housing affordability and down payment requirements in the for-sale market,
Apartment List Releases its National Rent Report
Apartment list.com recently released its Apartment List National Rent Report. The report showed that average rental prices are increasing at a slower rate in numerous cities across the country. Nationally, average rents increased by 3.6% for a one-bedroom property and by 2.6% for a two-bedroom property between December 2014 and December last year. This represents
Can’t Afford to Buy – Can’t Afford to Rent
According to a report released at the end of last month, a new record high number of renters are spending over 50% of their income on keeping a roof over their heads, says the Harvard Joint Center for Housing Studies. And it’s not just the working class who are feeling the pinch, for many of those struggling are considered middle class.