5 important things every renter should know

According to a rough estimate, every one out of three persons rent a house in America. People who cannot afford the ownership of the home find renting a house to be the most suitable and inexpensive alternate way. There are many benefits that renters render when they get a house on lease including not having

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Renters’ credit scores are improving

Renters are on the whole managing to improve their credit ratings, even as many struggle to cope with the financial consequences of the coronavirus pandemic. A new analysis by RENTCafe of more than 5 million lease applications in the U.S. shows that landlords are approving new tenants with higher credit scores than in previous years.

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10 million U.S. renters are behind on their monthly payments

The economic impact of the COVID-19 pandemic is hitting renters hard, with more than 18% of U.S. renters saying that it’s caused them to fall behind on their monthly housing payments. That’s according to a study by Moody’s Analytics and the Urban Institute, which says around 10 million renters missed rental payments in the last

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The Rental Application Process: An Overview for First Time Renters

Renting a home has its benefits. For one thing, you won’t have to worry about any maintenance costs. Not only that, but it’ll give you more flexibility. That’s not to say that there aren’t any drawbacks, though. After all, apartment hunting can be stressful—there are just so many things that you have to consider! Are

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Renters head to the suburbs, causing rents to rise

Renters’ preferences for urban locations is being reversed due to the ongoing COVID-19 pandemic, and many are now choosing suburban markets with more space as they no longer face long commutes to work. Searches for rental apartments in the suburban markets of Sacramento, California; Norfolk, Virginia; and Inland Empire, California, for example, increased from 3.2%

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Renters are moving towards the suburbs, Zillow says

While the for-sale market has shaken off the early impact of the coronavirus pandemic and resumed its torrid pre-pandemic pace, rent growth hit the brakes this spring. Rent prices in urban areas have slowed more than those in suburban areas, new Zillow data shows, a possible signal that renters’ preferred location is tilting toward the

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Luxury apartment building will boom in 2020, experts say

American building firms are set to construct the highest number of apartments in 2020 for more than 40 years, according to a new analysis from property management software firm RealPage. Many of those new apartments are targeted at the luxury home sector, RealPage added. In total, around 371,000 new rental apartments are expected to be

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Millennials say they’re worried they’ll never become homeowners

A significant number of millennials report feeling trapped as renters, saying they’re unable to save enough money to become homeowners, according to a new study from Apartment List. In its 2019 Millennials & Homeownership Report, which analyzes attitudes, expectations and actions of 10,000 millennial renters in the U.S., Apartment List notes that the vast majority

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Renters are making big sacrifices to afford their home, study finds

As rents continue to steadily rise across the U.S., about a quarter of renters say affording their rent payments is difficult or very difficult. To make ends meet, two-thirds of those renters make at least one financial sacrifice to afford their home, and half wouldn’t be able to afford an unexpected $1,000 expense, according to

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More renters are relying on online reviews to help them choose a home

Consumers are increasingly relying on online reviews and rating websites when it comes to choosing a rental property, according to a new survey from Binary Fountain. The reputation management firm’s 2019 Renter Insight & Digital Engagement survey of more than 1,000 adults searching for a rental home, found that consumers are increasingly using online rating

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