#rental-market

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#new-york-city

New York City Rents Are Still Rising: Here's How Much You Need To Earn To Snag an Apartment in Each Borough

New York City's rental market remains competitive with rising median rents, significantly above national averages, and high percentages of income spent on rent.

The Feds Are Coming for the Secret Tool Landlords Use to Keep Rents High

The DOJ lawsuit alleges RealPage helps landlords collude to raise rents using sophisticated management software.

Where New Yorkers Can Afford To Rent a Home-Based On How Much They Earn

New York City's rental market has rebounded post-pandemic, with median rents now exceeding pre-pandemic levels by 13.7%.
Manhattan has seen a decline in rents for the 13th consecutive month, although it remains the most expensive borough.

The best boroughs to live in NYC - based on your salary

New York City's median rent continues to rise, reflecting a strong rental market despite varying affordability across different areas.

NYC has more homes under construction than any other US city: Report

New York City leads the U.S. in apartment construction, with 33,000 new units expected by the end of 2024.

Bill to End Forced Rental Broker Fees Goes to Council Vote

Tenants in NYC may no longer be responsible for paying broker fees due to new legislation that shifts that burden to landlords.

New York City Rents Are Still Rising: Here's How Much You Need To Earn To Snag an Apartment in Each Borough

New York City's rental market remains competitive with rising median rents, significantly above national averages, and high percentages of income spent on rent.

The Feds Are Coming for the Secret Tool Landlords Use to Keep Rents High

The DOJ lawsuit alleges RealPage helps landlords collude to raise rents using sophisticated management software.

Where New Yorkers Can Afford To Rent a Home-Based On How Much They Earn

New York City's rental market has rebounded post-pandemic, with median rents now exceeding pre-pandemic levels by 13.7%.
Manhattan has seen a decline in rents for the 13th consecutive month, although it remains the most expensive borough.

The best boroughs to live in NYC - based on your salary

New York City's median rent continues to rise, reflecting a strong rental market despite varying affordability across different areas.

NYC has more homes under construction than any other US city: Report

New York City leads the U.S. in apartment construction, with 33,000 new units expected by the end of 2024.

Bill to End Forced Rental Broker Fees Goes to Council Vote

Tenants in NYC may no longer be responsible for paying broker fees due to new legislation that shifts that burden to landlords.
morenew-york-city
#real-estate

Tenants say Bay Area landlords colluded to inflate rents. Now, the Department of Justice is involved

The DOJ filed an antitrust lawsuit against RealPage for alleged collusion in raising rents among landlords through pricing software.

California Joins DOJ Antitrust Lawsuit, Alleges Price-Fixing Software Drives Up Rent | KQED

The Department of Justice and multiple states have filed an antitrust lawsuit against RealPage for allegedly facilitating illegal rent increases by landlords.

DOJ thumps RealPage with another antitrust lawsuit over AI-driven rent pricing

The DOJ is pursuing antitrust cases against RealPage for enabling rent inflation via its software.

Bed Stuy Brownstone Unit With Office, Mantels Asks $3,100

The floor-through apartment combines historical charm with modern simplicity, ideal for small households seeking a spacious urban living space.

Metro Boston sees steep decline in apartments for under $1,000

The share of apartments renting for under $1,000 is sharply declining across the U.S., signaling affordability challenges for renters.

Boston ranks No. 19 of top 20 metros for new apartment construction

Boston will see 1,813 new apartment units in 2024, driven by demand from the life science sector.

Tenants say Bay Area landlords colluded to inflate rents. Now, the Department of Justice is involved

The DOJ filed an antitrust lawsuit against RealPage for alleged collusion in raising rents among landlords through pricing software.

California Joins DOJ Antitrust Lawsuit, Alleges Price-Fixing Software Drives Up Rent | KQED

The Department of Justice and multiple states have filed an antitrust lawsuit against RealPage for allegedly facilitating illegal rent increases by landlords.

DOJ thumps RealPage with another antitrust lawsuit over AI-driven rent pricing

The DOJ is pursuing antitrust cases against RealPage for enabling rent inflation via its software.

Bed Stuy Brownstone Unit With Office, Mantels Asks $3,100

The floor-through apartment combines historical charm with modern simplicity, ideal for small households seeking a spacious urban living space.

Metro Boston sees steep decline in apartments for under $1,000

The share of apartments renting for under $1,000 is sharply declining across the U.S., signaling affordability challenges for renters.

Boston ranks No. 19 of top 20 metros for new apartment construction

Boston will see 1,813 new apartment units in 2024, driven by demand from the life science sector.
morereal-estate
#affordable-housing

Crown Heights Affordable Housing Lottery Lists Units Less Than $500

Affordable housing lotteries are crucial in NYC's rental market.
The Crown Heights lottery offers units significantly below the area's average rents.
Eligibility spans a wide income range with various preferences for applicants.

Affordable Housing Lottery Opens in Gowanus With $888 Units

Affordable housing lottery opens for Gowanus building with 50 rent-stabilized units in a rezoned area, promoting accessibility for varying income levels.

Affordable housing lottery opens on Upper East Side with one bedrooms starting at $1,667 | amNewYork

Affordable housing lottery on Upper East Side offers units for 70-130% AMI households.
Rents range from $1,655 to $4,020 for 28 available units.
Application deadline for the lottery is September 30, 2024.

'Tens of thousands apply': New Toronto housing units open amid growing demand | CBC News

Toronto's housing crisis persists despite new affordable units, as demand far exceeds supply according to advocates.

Housing benefit payments to be frozen next year

Housing benefit for private renters will remain frozen, causing potential financial shortfalls amid rising rents and limited social housing.

Rental housing vacancies in NYC hit historic low amid affordability crunch

The number of vacant housing units available to rent in NYC has dropped to a historic low of 1.4% of the total rentable housing stock.
Low-income renters are facing immense pressure due to a tight housing market, high inflation, and an uneven pandemic recovery.

Crown Heights Affordable Housing Lottery Lists Units Less Than $500

Affordable housing lotteries are crucial in NYC's rental market.
The Crown Heights lottery offers units significantly below the area's average rents.
Eligibility spans a wide income range with various preferences for applicants.

Affordable Housing Lottery Opens in Gowanus With $888 Units

Affordable housing lottery opens for Gowanus building with 50 rent-stabilized units in a rezoned area, promoting accessibility for varying income levels.

Affordable housing lottery opens on Upper East Side with one bedrooms starting at $1,667 | amNewYork

Affordable housing lottery on Upper East Side offers units for 70-130% AMI households.
Rents range from $1,655 to $4,020 for 28 available units.
Application deadline for the lottery is September 30, 2024.

'Tens of thousands apply': New Toronto housing units open amid growing demand | CBC News

Toronto's housing crisis persists despite new affordable units, as demand far exceeds supply according to advocates.

Housing benefit payments to be frozen next year

Housing benefit for private renters will remain frozen, causing potential financial shortfalls amid rising rents and limited social housing.

Rental housing vacancies in NYC hit historic low amid affordability crunch

The number of vacant housing units available to rent in NYC has dropped to a historic low of 1.4% of the total rentable housing stock.
Low-income renters are facing immense pressure due to a tight housing market, high inflation, and an uneven pandemic recovery.
moreaffordable-housing
#housing-affordability

DOJ Sues RealPage, Alleges Harm to Millions of Renters | Entrepreneur

The DOJ sued RealPage for reducing competition and inflating rents through a controversial pricing algorithm that facilitates collusion among landlords.

The states where rent is going up the fastest - and the slowest

Nearly half of renter households spent over 30% of income on housing in 2023.
Median housing costs rose to $1,406, with significant increases in certain states.
States like Maine, New Mexico, and Utah saw the largest rent increases.

Bay Area Rents Are Cooling. That Might Help College Grads | KQED

Recent college grads in the Bay Area find rentals slightly more affordable, but true housing affordability remains a significant challenge.

Rents went up just 2.1% in September, continuing monthly price slowdown | CBC News

Average asking rents across Canada are growing at their slowest pace since 2021, significantly influenced by declining foreign student enrolments.

Here's Where Minimum-Wage Workers Can Actually Afford Rent

American renters, especially those earning minimum wage, struggle to find affordable housing, often needing to spend more than 30% of their income on rent.

15 Cities Where You Can Find a Rental for Under $1,500 a Month

Affordable rental options are available in several U.S. cities with median rents below $1,500, despite overall price increases.

DOJ Sues RealPage, Alleges Harm to Millions of Renters | Entrepreneur

The DOJ sued RealPage for reducing competition and inflating rents through a controversial pricing algorithm that facilitates collusion among landlords.

The states where rent is going up the fastest - and the slowest

Nearly half of renter households spent over 30% of income on housing in 2023.
Median housing costs rose to $1,406, with significant increases in certain states.
States like Maine, New Mexico, and Utah saw the largest rent increases.

Bay Area Rents Are Cooling. That Might Help College Grads | KQED

Recent college grads in the Bay Area find rentals slightly more affordable, but true housing affordability remains a significant challenge.

Rents went up just 2.1% in September, continuing monthly price slowdown | CBC News

Average asking rents across Canada are growing at their slowest pace since 2021, significantly influenced by declining foreign student enrolments.

Here's Where Minimum-Wage Workers Can Actually Afford Rent

American renters, especially those earning minimum wage, struggle to find affordable housing, often needing to spend more than 30% of their income on rent.

15 Cities Where You Can Find a Rental for Under $1,500 a Month

Affordable rental options are available in several U.S. cities with median rents below $1,500, despite overall price increases.
morehousing-affordability

Rents set to roar back as apartment demand surges after building boom

Rising demand for rentals and decreasing vacancy rates could empower landlords to increase rents significantly next year.
#housing-policy

Rental housing advocate David Howard talks national policies ahead of 2024 election

The rental market's evolution is related to housing policy discussions, especially in light of the upcoming presidential election.

Government reviewing 800 payment for Ukrainian refugee hosts after criticism that it's 'unfair' on other renters

The €800 monthly payment for accommodating Ukrainian refugees is under review due to fairness concerns for other renters in the market.

Rental housing advocate David Howard talks national policies ahead of 2024 election

The rental market's evolution is related to housing policy discussions, especially in light of the upcoming presidential election.

Government reviewing 800 payment for Ukrainian refugee hosts after criticism that it's 'unfair' on other renters

The €800 monthly payment for accommodating Ukrainian refugees is under review due to fairness concerns for other renters in the market.
morehousing-policy
#tenant-rights

I wanted both sides of the business to be as intimate as being in bed': tech entrepreneur William Reeve

Reeve's experiences as an accidental landlord provide insights into the current rental market challenges, emphasizing tenant rights and conditions amid rising rents.

Tips and Pitfalls When Drafting and Serving a Three-Day Notice to Pay - Bay Area Real Estate Law Blog

COVID-19 protections for tenants have ended, reinstating landlords' rights to enforce rent payment and eviction processes.

Tenants living in Ballsbridge apartment ordered to pay 35,000 in rent arrears

Tenants were ordered to pay €35,000 in arrears after struggling to find alternative housing.
The case highlights challenges in Dublin's rental market and affordability issues.

I wanted both sides of the business to be as intimate as being in bed': tech entrepreneur William Reeve

Reeve's experiences as an accidental landlord provide insights into the current rental market challenges, emphasizing tenant rights and conditions amid rising rents.

Tips and Pitfalls When Drafting and Serving a Three-Day Notice to Pay - Bay Area Real Estate Law Blog

COVID-19 protections for tenants have ended, reinstating landlords' rights to enforce rent payment and eviction processes.

Tenants living in Ballsbridge apartment ordered to pay 35,000 in rent arrears

Tenants were ordered to pay €35,000 in arrears after struggling to find alternative housing.
The case highlights challenges in Dublin's rental market and affordability issues.
moretenant-rights
#real-estate-trends

Queens, Brooklyn and Manhattan experiencing more competition in rental market: report - QNS

Competition for rentals in Queens and Brooklyn surged in summer 2024, emulating Manhattan's tight market due to limited new units and high lease renewals.

Brooklyn Home Prices Keep Climbing as Rents Drop

Home prices in Brooklyn continue to rise despite fewer sales, while rental prices have decreased slightly, offering some relief to renters.

Rents rose by more than 7pc in the second quarter of the year

Rents continue to rise in Ireland, marking the 14th consecutive quarter of increases, with a 7.3% rise year-on-year average.

Queens, Brooklyn and Manhattan experiencing more competition in rental market: report - QNS

Competition for rentals in Queens and Brooklyn surged in summer 2024, emulating Manhattan's tight market due to limited new units and high lease renewals.

Brooklyn Home Prices Keep Climbing as Rents Drop

Home prices in Brooklyn continue to rise despite fewer sales, while rental prices have decreased slightly, offering some relief to renters.

Rents rose by more than 7pc in the second quarter of the year

Rents continue to rise in Ireland, marking the 14th consecutive quarter of increases, with a 7.3% rise year-on-year average.
morereal-estate-trends
#housing-costs

You need to make $123,269 a year not to be 'rent burdened' here

BIPOC households in metro Boston spend 41% of income on rent, compared to 33.5% for white households.

Ask Our Chief Economist: What Is a Rent Concession? How to Ask, Negotiate, and Save on Your Next Apartment

Rent concessions can reduce immediate housing costs for renters but may lead to higher renewal costs.
Landlords often offer concessions during periods of low demand to fill vacancies quickly.

The dream of owning a home is slipping away for a majority of renters, New York Fed survey finds

The dream of owning a home is dwindling for many Americans due to soaring housing costs and challenging mortgage rates.

You need to make $123,269 a year not to be 'rent burdened' here

BIPOC households in metro Boston spend 41% of income on rent, compared to 33.5% for white households.

Ask Our Chief Economist: What Is a Rent Concession? How to Ask, Negotiate, and Save on Your Next Apartment

Rent concessions can reduce immediate housing costs for renters but may lead to higher renewal costs.
Landlords often offer concessions during periods of low demand to fill vacancies quickly.

The dream of owning a home is slipping away for a majority of renters, New York Fed survey finds

The dream of owning a home is dwindling for many Americans due to soaring housing costs and challenging mortgage rates.
morehousing-costs

Pet Turf? In-Unit Laundry? Which Amenities Do Renters Really Want?

Renters prioritize practical amenities, such as parking and laundry, over luxury features according to Zillow's analysis.
Basic amenities drive higher engagement on rental listings, while luxury features deter interest.
#housing-crisis

Why tourism has become such an issue for us Spaniards | Letter

Tourism in Spain is leading to a housing crisis, displacing locals and driving up rental prices disproportionately affecting community stability.

On Luxurious Ibiza, Essential Workers Are Forced to Live in Tent Cities

Alicia Bocunano exemplifies the struggles of essential workers in Ibiza's housing crisis, forced into temporary settlements due to high rental demands.

Single parents bear the brunt of the rental crisis in regional Victoria

Single parents in regional Victoria face significant challenges in the rental market due to unfair application dismissals and limited housing availability.

Why tourism has become such an issue for us Spaniards | Letter

Tourism in Spain is leading to a housing crisis, displacing locals and driving up rental prices disproportionately affecting community stability.

On Luxurious Ibiza, Essential Workers Are Forced to Live in Tent Cities

Alicia Bocunano exemplifies the struggles of essential workers in Ibiza's housing crisis, forced into temporary settlements due to high rental demands.

Single parents bear the brunt of the rental crisis in regional Victoria

Single parents in regional Victoria face significant challenges in the rental market due to unfair application dismissals and limited housing availability.
morehousing-crisis

Rental Competition: Not Just a New York Thing

Chicago's rental market is more competitive than New York's, with rising demand and limited supply leading to bidding wars.

Budget a 'chance wasted to prevent mass exodus of landlords'

Landlords are leaving the market due to tax regulations, and measures like tax relief are needed to encourage their retention.
from www.housingwire.com
1 month ago

Invitation Homes to settle FTC claims of unfair rental practices for $48M

Invitation Homes will pay $48 million and reform practices after FTC settlement for deceptive rental practices.

House prices rising for first time in two years, survey suggests

House prices are showing signs of recovery, with a net increase reported for the first time since October 2022.

Bill to ban England and Wales landlords from rental bidding wars

The UK government has introduced a ban on landlords renting properties for more than the advertised price to combat rising rental prices and bidding wars.
#legislation

SF poised to beat DOJ to the punch, ban rent-fixing software

San Francisco is experiencing high rental prices despite losing residents, prompting legislation against algorithmic rent-setting.

The Latest Frontier in Housing Inequity? Pet Friendliness.

Pet-friendly luxury apartments are abundant, but nonluxury rentals often have restrictions and additional fees for pets, contributing to housing inequity.

Hoping to cut San Francisco rents, supervisors approve software-pricing ban

San Francisco Board of Supervisors approved banning rental price algorithm software to potentially lower rental costs.

SF poised to beat DOJ to the punch, ban rent-fixing software

San Francisco is experiencing high rental prices despite losing residents, prompting legislation against algorithmic rent-setting.

The Latest Frontier in Housing Inequity? Pet Friendliness.

Pet-friendly luxury apartments are abundant, but nonluxury rentals often have restrictions and additional fees for pets, contributing to housing inequity.

Hoping to cut San Francisco rents, supervisors approve software-pricing ban

San Francisco Board of Supervisors approved banning rental price algorithm software to potentially lower rental costs.
morelegislation
#antitrust

The DOJ files an antitrust lawsuit against a software company for allegedly manipulating rent prices

RealPage is accused of using algorithms to manipulate rent prices and limit competition in the rental market, according to an antitrust lawsuit filed by the DOJ.

How RealPage transformed the apartment rental market

RealPage is accused of inflating rents and holding a monopoly in the rental data market, despite its claims to help efficiency in pricing.

The DOJ files an antitrust lawsuit against a software company for allegedly manipulating rent prices

RealPage is accused of using algorithms to manipulate rent prices and limit competition in the rental market, according to an antitrust lawsuit filed by the DOJ.

How RealPage transformed the apartment rental market

RealPage is accused of inflating rents and holding a monopoly in the rental data market, despite its claims to help efficiency in pricing.
moreantitrust

The 'rent-first' lifestyle is catching on. From cars to clothes and even caskets, here's when it makes sense to buy vs. rent

More Americans are choosing to rent rather than buy due to affordability and lifestyle preferences.
from The Atlantic
3 months ago

Is Your Rent an Antitrust Violation?

RealPage's algorithmic pricing strategy may lead to price-fixing without traditional collusion, resulting in higher rents and reduced market competition.

AI demand is fueling a DC development boom in North America

The construction of datacenters is surging due to AI demand, but supply issues and high demand are causing delays and driving up rental prices.

Red-hot rent rises cool but tenants still struggling

The rental market is cooling, but tenants still face rising costs and affordability issues.

Investors are quietly scooping up 1 in every 6 single-family homes in these cities

Investors are capitalizing on strong rental demand despite high home prices and interest rates.
Investors purchased one in every six homes in the second quarter, totaling $43 billion.

Rental market update (August edition). Where are prices falling?

Boston's rental market prices are up $300 since New Year's Day, but down 5% year-over-year.

Rents are still rising across Canada, but at the slowest rate in 2 and a half years | CBC News

Rents in Canada are increasing at a slower pace, with some provinces experiencing unexpected declines while others see significant jumps, especially in secondary markets.

Maximize the summer surge in unconventional ways

Rental market momentum expected to peak in summer due to relocation desires and supply influx.
#inflation

UK house prices rise for the first time in a year, new ONS figures reveal

House prices in Britain rose 1.8% in the 12 months to March, with growth in every region except London and the South East.

Mapped: See how the UK's record rent rises impact your area

Rent prices in the UK have seen a record annual rise of 9 per cent, significantly above inflation.
Large regional variations exist in the rental market across the UK, with cities like London experiencing up to a 20% increase in rents.

UK house prices rise for the first time in a year, new ONS figures reveal

House prices in Britain rose 1.8% in the 12 months to March, with growth in every region except London and the South East.

Mapped: See how the UK's record rent rises impact your area

Rent prices in the UK have seen a record annual rise of 9 per cent, significantly above inflation.
Large regional variations exist in the rental market across the UK, with cities like London experiencing up to a 20% increase in rents.
moreinflation

There's More Housing in NYC, But Rent Continues to Rise in Brooklyn

Brooklyn rents continue to rise due to limited inventory despite an increase in rental listings.

View 114 Back Bay Apartment Rentals Boston Condos For Sale Ford Realty

Back Bay apartments average $5,637, with 114 available and an average 40-day rental period.

The 5 most expensive streets to rent in London with one costing 20k a month

London's most expensive street for rent has an average monthly rent of 20,000.
#berlin

Berlin court's holiday home ruling: bad news for Airbnb DW 03/13/2024

Thousands of holiday apartments may be freed up for the rental market in Berlin due to a recent court ruling.
The Berlin higher administrative court's decision could bring back around 10,000 apartments for rental in Berlin.

Airbnb: Berlin court deals blow to holiday home platform DW 03/13/2024

Thousands of holiday apartments may be freed up for the rental market in Berlin due to a recent court ruling.
Berlin's higher administrative court allows the city to force owners to rent out holiday apartments before a 2014 law banning them goes into effect.

Berlin court's holiday home ruling: bad news for Airbnb DW 03/13/2024

Thousands of holiday apartments may be freed up for the rental market in Berlin due to a recent court ruling.
The Berlin higher administrative court's decision could bring back around 10,000 apartments for rental in Berlin.

Airbnb: Berlin court deals blow to holiday home platform DW 03/13/2024

Thousands of holiday apartments may be freed up for the rental market in Berlin due to a recent court ruling.
Berlin's higher administrative court allows the city to force owners to rent out holiday apartments before a 2014 law banning them goes into effect.
moreberlin

Are you apartment hunting in L.A.? Tell us about your experience

Rent is declining in Southern California, offering some relief for apartment hunters.
The Times is seeking insights from individuals who recently signed a new lease or are currently apartment hunting.

Alameda briefs: Restaurant Week starts Friday, runs through March 10

Alameda Restaurant Week encourages supporting local businesses and exploring different neighborhoods.
Alameda Rent Program identified tenants owed increase refunds and provided substantial assistance to the public.
#rent-prices

Rent hits another record high in January as average asking price reaches $2,196 | CBC News

The average asking price for rent in Canada reached $2,196 in January, a 10% increase from last year.
Rent prices soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record.

The Cheapest Months To Rent in Austin: Top Money-Saving Tips

Austin, TX is a top destination for new renters due to its growing tech scene and decreasing rent prices.
Rent prices in Austin are highest in the summer and lowest in the winter months.

Rent hits another record high in January as average asking price reaches $2,196 | CBC News

The average asking price for rent in Canada reached $2,196 in January, a 10% increase from last year.
Rent prices soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record.

The Cheapest Months To Rent in Austin: Top Money-Saving Tips

Austin, TX is a top destination for new renters due to its growing tech scene and decreasing rent prices.
Rent prices in Austin are highest in the summer and lowest in the winter months.
morerent-prices

Rents Dip Across Southern California But Not in OC

Apartment rents in Orange County, California have been rising while rents in Los Angeles County and other urban areas have been falling.
The pandemic has caused a shift in housing demand, with suburban areas like Orange County experiencing increased demand for rentals while urban areas see a decrease in demand.
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