#rental-market

#rental-market

The market data signals a balanced but cooling market. North Texas inventory continued to grow last week, reaching 2.52 months of supply. That's higher than many other major metros and offers buyers more breathing room. The median listing price for purchased homes was $389,000, while homes spent a median of 70 days on the market, suggesting sellers are having to stay patient as the market rebalances.

HW Data shows the Washington, D.C. housing market remains stable heading into mid-October, with modest sales volume and steady pricing. The District recorded 99 single-family home sales last week, reflecting a slower but consistent pace compared with early-year activity. The Market Action Index stood at 35.2, indicating a mild seller's market with demand slightly ahead of available supply. HW Data's Market Action Index measures the balance between supply and demand, with values above 30 indicating a seller's market.

NEW YORK (AP) - The U.S. Federal Trade Commission is suing Zillow and Redfin, accusing the real estate companies of entering what the regulator says is an illegal deal to suppress competition in online rental advertising. In a lawsuit filed on Tuesday, the FTC alleges that this agreement started in February - when Zillow paid Redfin $100 million. In exchange for that and other compensation, the commission said, Redfin agreed to end contracts with advertising partners, stop competing ads for multifamily properties

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Most of the one-bedroom condo units we saw were quite small, clocking in at under 700 square feet. A number of them featured bedrooms that were just corners of living rooms walled off by clear panels, such that going to bed each night, I imagine, would feel like being a lizard in a glass enclosure at the zoo. In one condo we looked at, the "den" was a small alcove in the wall that was perhaps no deeper than a foot.

As the back-to-school season approaches, college students are transforming their living spaces into luxurious abodes, setting new standards for on-campus and off-campus housing. The expectations of today's students are influenced by social media and parental support, leading to a demand for amenities, style, health-conscious features, and convenience that extend beyond the college years.

Rushanara Ali has been accused of raising the rent on her east London townhouse from £3,300 to £4,000 after the previous tenants vacated the property.

"My professional life is great," Singh told the Standard, "but my living situation is, like, the total opposite."

Manhattan's median rent surged to a record $4,625 in June, marking a 7.6% increase from the previous year due to elevated mortgage rates and economic uncertainty.

Bozeman's median household income in 2023 was $79,903, and the owner-occupied housing unit rate was 44.6% between 2019 and 2023, indicating a high level of renter-occupied units.

The rising rental income in Falmouth significantly eases the burden of mortgage payments for property owners, making it a promising choice for investors.

Eastham offers a unique investment opportunity due to its combination of affordable housing and high rental demand, appealing particularly to small investors.

"Mainly because it has the waterfront lifestyle of Miami without the chaos, it's more laid back but just as luxurious," says a Fort Lauderdale real estate expert.

Mr. Browne stated that higher and substantial fines for landlords are being considered as part of new rent and tenancy reforms, while ensuring they remain within legal limits.

Amid New York City's housing crisis, small landlords face rising costs and tenant issues, feeling unsupported by city laws that favor tenants.

London's most expensive tube stop for renting was Westminster, with an average monthly rent of £13,750, highlighting the city's exorbitant rental prices.

The report found no direct correlation between short-term lets and long-term tenancy decreases, suggesting rental shortages stem from broader supply issues rather than short-term rentals.

According to ESRI, short-term rental activity in Ireland does not primarily cause rental shortages, indicating that the housing crisis has more complex underlying factors.

Councilor Angelita Morillo noted that new litigation related to algorithmic rental price-fixing software in Berkeley requires careful consideration before Portland moves forward with its ordinance.