The New York City Rent Guidelines Board voted 5-4 on a rent hike of up to 4.5% for the city’s roughly 1 million rent-stabilized apartments. The New York Post reports the board approved a 3% rent increase on 1-year leases and 4.5% for 2-year leases that start on or...
Residents in New York City’s rent-stabilized apartments will soon be paying more to cover their housing costs. Nearly one million New Yorkers live in rent-stabilized apartments. The typical monthly cost of a rent-stabilized apartment in the city is roughly $1,500,...
Apartment rents in Seattle’s downtown rose for the first time in 17 months in December, according to data from Redfin (NASDAQ: RDFN). The rent hike was a 2.5% year-over-year uptick to a median of $2,000. Seattle’s median rent seesawed over the past five years,...
Connecticut’s capital city of Hartford is leading the country for rent hikes, according to new data from Zillow (NASDAQ:Z, ZG). Rents have grown 7.8% over the past year in Hartford, the greatest annual spike in any major city; the current typical rent in Hartford is...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
