Rising rents pushing lifelong renters to buy

The pressure of rising rents is pushing more people to consider homeownership, but not because they’re particularly interested in becoming a property owner. Rather, it’s being seen as a way of reducing their living expenses. The Wall Street Journal reported that average monthly rents rose more than 14% year-over-year in December. Some cities, including Austin,

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The multifamily sector enters the ‘golden age’… For landlords, at least

The multifamily housing sector has enjoyed an unprecedented boom in 2021, with a new report from real estate firm Walker & Dunlop proclaiming this year is the “golden age for multifamily”. It’s likely to continue. High rents in the apartment sector are expected to continue making gains in the new year as demand remains strong.

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Tenants see rent hikes of up to 40% in some cities

Tenants across the U.S. are reporting big increases in their rents, in a reversal of a trend that occurred during the early days of the coronavirus pandemic when the cities saw an exodus of renters to the suburbs and exurbs. Now, as those people return to the city centers, high demand is pushing rents up

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