Rents Stir Up to Sustainable Trend

Appreciation heated up on rentals this spring, with the May median monthly rent totaling $1,440, an increase of 2.1 percent year-over-year, according to the May Zillow® Real Estate Market Report. Last May, the increase in median rent was 0.7 percent. “Over the past two years, rent growth slowed across the country as new apartments hit […]

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HQ2 Impact on the Winning City’s Rental Market

The search for HQ2 continues, and Amazon is slowly whittling down its list of top 20 contenders. Visits to the top 20 prospects have been completed, and these cities are eagerly awaiting to hear whether another round of cuts is in the future, or if Amazon is ready to choose its winner. Recently, Zillow released […]

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California agent charged with price gouging during NorCal fires

On April 16, California Attorney General Xavier Becerra filed three misdemeanor charges against real estate agent Melissa “Missy” Echeverria for raising the price of a rental from $5,000 per month to $9,000 per month …

Again, Rents Start Up: Zillow

Appreciation Fastest in 21 Months The ebb-and-flow in rents is shifting. According to the latest Real Estate Market Report by Zillow, annual appreciation in February was 2.8 percent—the fastest it has been in roughly two years. With the median, nationally, at $1,445, and home prices rocketing, there can be some struggle, says Aaron Terrazas, senior […]

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As 2017 Ended, Rents Rose

The median national rent rose toward the end of 2017, contrary to the predominant trend for the year, according to the November Zillow® Real Estate Market Report. The gain, 2.4 percent year-over-year to $1,435, is on par with income increases, which have ticked up 2.5 percent since November 2016. “After about a two-year slowdown, rent […]

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Zillow: Gains in Housing Now Make It Worth $31.8 Trillion

A banner year. Another $2 trillion was added to the housing market in 2017, brought to a collective $31.8 trillion, according to a recently released report by Zillow. On an annual basis, home values increased 6.5 percent last year; values last expanded at a faster pace—8 percent—in 2013. The additional $2 trillion, put another way, […]

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Changing Demand for Rentals Strains Supply

Demand for rentals is still strong—but what does it look like today, a decade after the recession? According to America’s Rental Housing Report, recently released by the Joint Center for Housing Studies at Harvard University, demand is evolving. In the aftermath of the crash, demand exploded, and a large portion of rentals were single-family homes. […]

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Facebook debuts ‘hundreds of thousands’ of rental listings

Facebook has expanded its digital Marketplace product to include a special section for housing rentals with listings from sources including Apartment List and Zumper …

Can the rental housing landscape be improved?

The housing market has experienced multi-year gains in home price growth, which has made it harder for millennials, young families and those with lower incomes to jump into homebuying. Instead of purchasing lower priced fixer-uppers, would-be buyers have decided to continue renting in the midst of record high apartment construction that has caused rental price growth to slow …

Why are rental concessions so high in New York City right now?

As the new reports for the end of 2016 in New York are revealed, the most startling figures are in the concessions column. Just this December, more than a third of signed new leases in New York City rentals granted concessions from the landlord to the …