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NYC Panel Approves Hike on Rent-Stabilized Apartments of Up to 4.5%

NYC Panel Approves Hike on Rent-Stabilized Apartments of Up to 4.5%

by Phil Hall | Jul 1, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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...
New Rent Hikes Coming to NYC’s Stabilized Apartments

New Rent Hikes Coming to NYC’s Stabilized Apartments

by Phil Hall | May 1, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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,...
Downtown Seattle Median Rent Up for First Time in 17 Months

Downtown Seattle Median Rent Up for First Time in 17 Months

by Phil Hall | Jan 29, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

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,...
The City with the Biggest Annual Rent Hike Is…

The City with the Biggest Annual Rent Hike Is…

by Phil Hall | Jul 10, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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...

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