In the midst of his do-or-die NATO summit press conference, President Joe Biden shocked landlords and tenants alike with a sudden proclamation: “If I’m reelected, we’re going to make sure…corporate rents for apartments [and homes] are limited to 5 percent.”
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(Bloomberg) — The U.S. Federal Reserve is likely to signal next week its plans to cut interest rates in September, according to economists surveyed by Bloomberg News, a move they say will kick off reductions each quarter through 2025.
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STATEN ISLAND, N.Y. — If you’re in the market for a one-bedroom apartment, hoping to snag a small piece of rented real estate in NYC, get ready to shell out some big bucks: According to a new report, the average median rent for that category of living space is $4,300 – the highest rate in the nation.
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Mortgage interest rates eased very slightly last week, but not enough to get today’s potential homebuyers off the fence.
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It’s going to be another challenging year for multifamily owners and operators. Many factors will converge and control what owners must do to survive the business. Frequently, that will mean lower rental growth and increased operating expense, leading to narrower margins. Not only will that affect return, but the attractiveness to lenders for refinancing.
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Sales of previously owned homes dropped 5.4% in June compared with May, to 3.89 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Sales were also 5.4% lower than June of last year. This is the slowest sales pace since December.
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Ivy Zelman, executive vice president of Zelman & Associates, joins CNBC’s ‘The Exchange’ to discuss the “wonky” housing market, nationwide trends in home inventories and prices, and more.
Video: https://tinyurl.com/2shx46v3
STATEN ISLAND, N.Y. — Randy Lee, a longtime Staten Island real estate developer and attorney, believes the nationwide trend of building and living in tiny houses is a great affordable housing option, a way to increase your rental income, or simply a place for your adult child or aging parent to live close by.
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Are you ready to buy a home? Many renters have no idea.
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The National Association of Realtors on Tuesday criticized the administration’s proposals to withdraw tax credits from corporate landlords who raise rent by more than five percent per year. The NAR said in a statement that price caps on rent discourage developers from building new rental properties and decrease the supply of low- to mid-range housing units.
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