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Survey: Most European Renters Lack Funds for Down Payments

Survey: Most European Renters Lack Funds for Down Payments

by Phil Hall | Jun 19, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Nearly two-thirds of European renters (64%) said they lack the funds for a down payment on a home, while more than half (58%) don’t believe they can save enough for a down payment over the next three years, according to a new survey released by Adevinta, an online...

Median Asking Rents Decline, But at Slower Pace

by Phil Hall | Jun 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rents dropped in May for the tenth consecutive month, albeit at a slower pace, according to the latest Realtor.com Rental Report. The median asking rent nationally for 0-2 bedroom units fell by -0.7% ($13) from May 2023 to $1,732. This is only $24 (-1.4%) below its...
Leadership Shift at Rental Housing Developer Sunstone Two Three

Leadership Shift at Rental Housing Developer Sunstone Two Three

by Phil Hall | Jun 3, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Sunstone Two Tree, a Westlake Village, California-based developer and operator of rental housing communities in high-growth markets, announced that co-founder and CEO John Maddux will transition to the role of executive chairman effective, June 18. According to the...
National Apartment Association Pushes Back on Biden’s Remarks About Rental Housing

National Apartment Association Pushes Back on Biden’s Remarks About Rental Housing

by Phil Hall | Jun 3, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Apartment Association (NAA) has taken President Biden to task for his recent remarks regarding the state of rental housing. During his State of the Union speech in March, Biden boasted that his administration was working to lower rents that were being...
More Renters Are Staying Put Longer

More Renters Are Staying Put Longer

by Phil Hall | May 31, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new survey from Redfin (NASDAQ:RDFN) found one in six renters (16.6%) stayed in their home for 10 years or more in 2022, up from 13.9% one decade earlier. Furthermore, one in six (16.4%) renters lived in their home for five to nine years in 2022, up from 14% a...
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