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Los Angeles Sued by Rental Property Owners Group Over Rent Increase Freeze

Los Angeles Sued by Rental Property Owners Group Over Rent Increase Freeze

by Phil Hall | Jul 24, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Apartment Association of Greater Los Angeles (AAGLA) has filed a lawsuit against the City of Los Angeles seeking to nullify and enjoin the city from enforcing a pandemic-era ordinance prohibiting rental housing providers from increasing rent. According to AAGLA,...
Hits and Misses for the Real Estate Week of July 17-21

Hits and Misses for the Real Estate Week of July 17-21

by Phil Hall | Jul 21, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A bizarre hunt for a movie superstar, a continued sense of builder optimism and a legendary crooner’s love letter to a once-great city. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Miss: Preying on Tom Cruise. One...
The Best and Worst Cities for Rental Housing Are…

The Best and Worst Cities for Rental Housing Are…

by Phil Hall | Jul 11, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rental housing residents of Overland Park, Kansas, may want to borrow a line from the state’s most famous big screen character and chant “There’s no place like home” – their city was named the best for renters in a new data study by WalletHub. In the study, WalletHub...
‘Wolf of Airbnb’ Offers Guilty Plea for Wire Fraud

‘Wolf of Airbnb’ Offers Guilty Plea for Wire Fraud

by Phil Hall | Jun 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Konrad Bicher, the self-proclaimed “Wolf of Airbnb,” pled guilty to wire fraud in connection with a three-year scheme for fraudulently using Manhattan apartments as short-term rentals. Starting in early 2019, Bicher and his collaborators began to rent Manhattan...
Renters Starting to See Some Relief in Housing Costs

Renters Starting to See Some Relief in Housing Costs

by Phil Hall | Jun 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking monthly rent in the nation’s 50 largest metros dropped by 0.5% year-over-year last month to $1,739, according to new data from Realtor.com, which added that while rent prices increased nationwide by $3 from April, they were still down $38 from the...
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