Industry News
The Labor Department recently released a report stating that jobless claims fell again for the week ending December 22, leading many to hope for further declines in the new year. In the final weeks of 2012, the employment rate has been fluctuating massively, with the prior week registering 17,000 more claims, followed by the 12,000-claim… Read more >>
As record-low mortgage rates send homeowners running to the retail housing market, tenants across the country are feeling the pinch of raised rental rates, according to the Wall Street Journal. Due to a combination of factors including short supply and growing demand, rental rates are continuing to rise and putting lower-income homeowners in a bind,… Read more >>
The national apartment market is showing an unusual uptick at the end of the year, according to a recently-released report from Axiometrics. Unlike the typical winter trend, rental rates increased from 3.6 percent in October to 3.72 percent in November. Rental property managers across the country can also expect to see an uptick in rental… Read more >>
Retail home price growth fell slightly between September and October in an expected seasonal lag, according to the S&P/Case-Shiller Home Price Index. The index showed that the 20-city composite still recorded a seasonally-adjusted growth rate of 4.3 percent year-over-year, but that many of the individual metro areas saw a small dip from September to October.… Read more >>
A recent report from Trulia shows that the housing market has now improved beyond the 50 percent mark. According to the analysis firm's November Housing Barometer, the housing market is now 51 percent of the way back to normal levels of activity. In judging the normalcy of the housing market, Trulia measures several different factors,… Read more >>
Thousands of tenants across the state of California have been evicted due to a state law known as the Ellis Act, which allows landlords to take units off the market and remove any current tenants. Now, in the face of their unexpected evictions, many tenants have gathered in San Francisco to protest the act's existence,… Read more >>
As rental rates in Houston continue to rise, multihousing developers are rushing to build units that can accommodate the soaring demand, according to the New York Times. The housing recovery in Houston is stemming not from retail housing, but from the rentals that are boosted by Millennials flooding into the city looking for jobs. As… Read more >>
When investors are considering purchasing a home to fix up and use as a rental property, it is important for them to research the property's history and the rentability of the neighborhood before moving forward. Unfortunately, many sellers can be unscrupulous when trying to move a house. Therefore, potential rental property owners need to be… Read more >>
Occasionally, tenants are dealt a lousy hand when it comes to their landlord's sense of responsibility and property maintenance. Fortunately, there are a few things that renters can legally do to get things done around the house without their property manager's help, according to the Zillow for Pros blog. The first step that tenants should… Read more >>
As the housing market continues its long, slow road to recovery, savvy investors are placing their bets on a big return in the not-too-distant future, according to the New York Times. While many Americans are still reticent about entering back into the recently-volatile housing market, investors are jumping in headlong to purchase up homes and… Read more >>