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via housingwire.com Americans now have nearly as much home equity as they did when levels peaked before the housing crisis, according to a recent study on the state of the nation’s housing market from Harvard’s Joint Center for Housing Studies. The report shows aggregate home equity climbed from $7 trillion in 2011 to $15.5 trillion in 2018.
The company also reported the first nationwide monthly price dip in more than seven years – albeit just 0.1%. At the same time, rent growth accelerated, climbing by 2.6% on an annual basis, after a lull in 2018. Slowdown in U.S. Housing Market Is Helping Landlords Raise Rents – Bloomberg, May 16th
· Steven Rosenfeld. The causes for these spikes in rent come from a mix of private and public sector trends. On the private sector side, the housing market crash has led to a slowdown in building or improving rental housing stock in many regions, which has boosted rents when housing becomes available.
LostBedStuy suggests that offering to sign a longer lease might get your landlord to forget about the rent increase.
The U.S. housing slowdown is turning out to be a gift to apartment landlords. After all, those people who aren’t buying still need somewhere to. Flipboard: Slowdown in U.S. Housing Market Is Helping Landlords Raise Rents
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Slowdown in housing market is helping landlords raise rents LoanDepot to add 1,400 new jobs as tech efforts soar Homes more valuable in gay neighborhoods: Zillow
Despite falling house prices, landlords are raising rents across Australia Despite a dramatic downturn in the property market, landlords are ripping us off blind. Here’s how to ensure you don.
And that diminishes the total supply of rental housing and increases the rents of any units that are not controlled.. landlords responded to rent control by reducing the number of renters by 15.
Many economists expect the housing market to continue to slow, which could drive more Americans to rent instead.
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But the good news is that some experts and real estate industry observers predict a higher vacancy rate to come, meaning that the growth of fair market rents will eventually slow down. The real estate market watchdog group ten-X still projects that current construction projects will eventually increase the supply of available housing, lowering.
· He’s just pandering to voters angry about high rents. But the housing crunch largely is the fault of the Legislature’s slow-growth land-use policies enacted over two.