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Residential, US Real Estate

Renters' credit scores are improving

By Mike Wheatley | February 8, 2021
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. […]
US Real Estate

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

By Mike Wheatley | February 2, 2021
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 […]
Real Estate Resource

The Rental Application Process: An Overview for First Time Renters

By Jamie Richardson | January 28, 2021
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 […]
US Real Estate

Renters head to the suburbs, causing rents to rise

By Mike Wheatley | October 19, 2020
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% […]
US Real Estate, Zillow

Renters are moving towards the suburbs, Zillow says

By Mike Wheatley | August 5, 2020
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 […]
Luxury Real Estate, US Real Estate

Luxury apartment building will boom in 2020, experts say

By Mike Wheatley | January 21, 2020
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 […]
US Real Estate

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

By Mike Wheatley | November 20, 2019
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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