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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Rising inflation adds to housing costs

Growing inflation is negatively impacting consumers, leading to higher gasoline prices and grocery costs. In November, consumer prices were up 6.8% from a year ago, representing the largest annual gain in 40 years. Some of the biggest price increases were seen for energy, food, cars and shelter, which together comprise around 61% of all consumer

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Single-family rents grew by double-digits in September

Rental prices are going through the roof. The median rent for a single-family home in the U.S. jumped 10.2% in September compared to one year ago, having previously risen by just 2.6% from 2019 to 2020. That’s according to a new report from the real estate industry analytics firm CoreLogic, which blames the rapid rent

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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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LA renters protest against rising rents

Rising rental costs have prompted some tenants to Los Angeles to take part in rent strikes, something they view as a last resort in an effort not to be priced out of their homes. Rent strikes see tenants withhold their rental checks in an attempt to put pressure of their landlords to renegotiate their rent,

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Renters in Seattle, Los Angeles, and Boston need biggest income boost to keep up with rising rents

Renters living in Seattle, Los Angeles, and Boston need the biggest income increases in 2017 to keep up with rising rents

Rents Rise on Back of Soaring Demand

Rents across the country are climbing steadily on upwards, as new data from the Labor Department reveals a 2.4% increase in January from the same month one year ago.

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