#rental-market

#rental-market

"My professional life is great," Singh told the Standard, "but my living situation is, like, the total opposite."

Manhattan's median rent surged to a record $4,625 in June, marking a 7.6% increase from the previous year due to elevated mortgage rates and economic uncertainty.

Bozeman's median household income in 2023 was $79,903, and the owner-occupied housing unit rate was 44.6% between 2019 and 2023, indicating a high level of renter-occupied units.

The rising rental income in Falmouth significantly eases the burden of mortgage payments for property owners, making it a promising choice for investors.

Eastham offers a unique investment opportunity due to its combination of affordable housing and high rental demand, appealing particularly to small investors.

"Mainly because it has the waterfront lifestyle of Miami without the chaos, it's more laid back but just as luxurious," says a Fort Lauderdale real estate expert.

Mr. Browne stated that higher and substantial fines for landlords are being considered as part of new rent and tenancy reforms, while ensuring they remain within legal limits.

Amid New York City's housing crisis, small landlords face rising costs and tenant issues, feeling unsupported by city laws that favor tenants.

"This improvement is needed, but rents are still pretty unaffordable in Miami," says Realtor.com economist Jiayi Xu.

The report found no direct correlation between short-term lets and long-term tenancy decreases, suggesting rental shortages stem from broader supply issues rather than short-term rentals.

According to ESRI, short-term rental activity in Ireland does not primarily cause rental shortages, indicating that the housing crisis has more complex underlying factors.

Councilor Angelita Morillo noted that new litigation related to algorithmic rental price-fixing software in Berkeley requires careful consideration before Portland moves forward with its ordinance.

The scale of the alleged activity, the illegal short-term rentals and the wildfire-related price gouging, is outrageous." - City Attorney Hydee Feldstein Soto

San Bernardino County saw the lowest rental vacancy in Southern California at 3.7%, indicative of a tight market worsened by wildfires impacting regional availability.