Property Management News
Homeownership may still be the American Dream, but for many younger buyers, that dream is increasingly being put on the back burner. A recent survey of more than 2,000 Gen Z renters conducted in January by property management software company Entrata suggests that, while homeownership remains a goal for this generation — those aged between 13 and 28 — other priorities are overtaking it on their must-do list. More than two-thirds of survey respondents (72%) believe that renting is a better financial option than purchasing a home. An even larger percentage, 83% of respondents, say that renting provides them the opportunity to save money for life experiences. While affordability plays... Read more
Student renters make up a small but significant slice of the renter population. Compared to adults in full-time employment, students are much more likely to rent. And...
Key Takeaways US average multifamily rent fell by $6 to $1,750, the largest September drop since 2009 and the worst monthly decline since late 2022. A glut of new...
Apartment rents slipped for the first time since the Great Recession, signaling a cooling market driven by oversupply. Developers are pulling back—but economists warn...
When you purchase a duplex, triplex, or other investment, there is a crucial question you need to answer: “Should I live on the property?” If this is your...
After more than two years of discussion and debate, the Los Angeles City Council voted Wednesday to significantly lower annual rent increases in most of the city’s apartments. L.A.’s current rent control rules guarantee landlords the right to raise rents at least 3% every year. Increases can be as high as 10% in some apartments during periods of high inflation. But under the reforms passed by 12 of the council’s 15 members, rent increases would be capped at 4% annually, and an additional 2% increase for landlords who cover utilities would be eliminated. The exact rate each year would be equal to 90% of the change in the region’s consumer price index, a government measure of... Read more
Imagine having a $2,400 monthly mortgage payment, but only paying $600 out of pocket. The other three bedrooms? They’re covering the rest—plus utilities, plus...
New York City homeowners can now apply to add basement, attic, and backyard apartments to their existing properties. On Tuesday, the city launched an applications...
Key Takeaways More than 1,000 tenants living in Capital Realty Group-owned properties are organizing a multi-state tenant union campaign to push for collective...
Rent Prices Dropping Across All Unit Sizes Median rent declined across units in all size categories examined by realtor.com. Studio rents dropped to $1,430 per month,...
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