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Feds Sue Software Firm RealPage, Alleging Collusion with Landlords on Rent Hikes

Feds Sue Software Firm RealPage, Alleging Collusion with Landlords on Rent Hikes

by Phil Hall | Aug 23, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Justice (DOJ) has filed a civil antitrust lawsuit today against RealPage Inc., the Richardson, Texas-based property management software company, claiming it masterminded an “unlawful scheme to decrease competition among landlords in apartment...
Report: Housing Affordability Proves Elusive for Many Teachers

Report: Housing Affordability Proves Elusive for Many Teachers

by Phil Hall | Aug 14, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average teacher can afford 47.9% of apartments for rent within commuting distance of their school, up from 40.7% in 2023 but down from 58% in pre-pandemic 2019, according to a new data report from Redfin (NASDAQ:RDFN). However, the average teacher can only afford...

Rents Decline in All Bedroom Counts for First Time in 4 Years

by Phil Hall | Aug 13, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking rent declined year-over-year across all bedroom counts in July, according to new data from Redfin (NASDAQ:RDFN). This marks the first occurrence for across-the-board rent declines since June 2020. Median asking rents for 0- to 1-bedroom apartments...
Study: One-Third of Property Managers Offer Concessions on Rental Housing

Study: One-Third of Property Managers Offer Concessions on Rental Housing

by Phil Hall | Aug 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new study from Zillow Group (NASDAQ: Z, ZG) found 33.2% of rental listings on the Zillow platform offer concessions such as free weeks of rent or free parking as an incentive to attractive prospective tenants. This is up slightly from 33% in June and 25.4% one year...

New Initiative Launched to Accelerate Canadian Home Construction

by Phil Hall | Jul 25, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canada Mortgage and Housing Corporation (CMHC) has announced its new Frequent Builder framework to speed the creation of affordable and rental homes by expediting the application process for housing providers. The new framework will target experienced housing...
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