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Biden to Change Rent Increase Cap on Some Affordable Housing Units

Biden to Change Rent Increase Cap on Some Affordable Housing Units

by Phil Hall | Mar 29, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Biden administration is planning to change the cap on how much rents can go up in some federally subsidized affordable housing complexes. The Washington Post, citing unnamed “senior administration officials,” reported the yearly rent increases in properties that...
Renting Becomes More Affordable Than Buying in the 50 Largest U.S. Metros

Renting Becomes More Affordable Than Buying in the 50 Largest U.S. Metros

by Phil Hall | Mar 26, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

It has become more affordable to rent a home than buying a residence in the top 50 U.S. metros, according to the latest Realtor.com Rental Report. During February, the cost of buying a starter home in the top 50 metros was $1,027 (60.1%) higher than renting one – in...
Yardi: Average Asking Rents Up $1 in February

Yardi: Average Asking Rents Up $1 in February

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

National asking rents in February posted their first increase in over seven months, according to the latest Yardi Matrix National Multifamily Report. The report found the average U.S. asking rent rose by $1 to $1,713 last month, a slight 0.6% year-over-year uptick....
The Best Market for Rental Housing Is…

The Best Market for Rental Housing Is…

by Phil Hall | Mar 8, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Renters in search of cost-effective housing should consider taking up residence in Idaho’s capital, according to new data published by the Waller, Weeks and Johnson Rental Index within Florida Atlantic University’s Real Estate Initiative. The new data study analyzed...
Biden Offers Rare Acknowledgment of Housing Challenges with New Proposals

Biden Offers Rare Acknowledgment of Housing Challenges with New Proposals

by Phil Hall | Mar 8, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

For the first time since he took office, President Biden openly confronted the challenges facing the U.S. housing industry and offered several proposals aimed at homeownership and rental housing. A Last-Minute Acknowledgment Housing market issues were conspicuously...
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