What’s the impact of cooling economy on multifamily rent growth?

National occupancy rates hovered at 96% for the third consecutive month, a solid performance led by gateway or coastal metros. The markets that saw the largest increases in occupancy rates were San Jose (1.7%), New York (1%), Chicago (1%) and San Francisco (1%). “Occupancy rates nationally remain firm but are declining in some high-growth metros, … Read more

Ramlila committees in Delhi to pay less rent for venues: BJP leaders

Ramlila committees in Delhi will have to pay less rent for venues and get required permissions from various civic agencies without any hassle, BJP leaders said after a meeting with Lieutenant Governor V K Saxena on Friday. They also claimed the timing of Ramlila programmes will be extended from 10 pm to … Read more

Steady stock increase not enough to dampen rent inflation: Propertymark

The average number of properties available for rent per member branch has been gradually rising over the past few months, according to Propertymark’s private rented sector report.  Data found that 80% of responding agents reported rents continuing to increase month-on-month in June. The report says that pressure on rents has been steadfast since spring last … Read more

Record-high rent is still more affordable than buying a starter home

Surging mortgage rates in the U.S. are changing the calculus on whether it’s better to buy or rent.  These days, it is more affordable to rent than buy a starter home in 38 of the 50 largest US metro areas, according to a  report from Realtor.com. Rent is up too, with the the median monthly payment jumping 14% … Read more

Quarter of older households still have rent or mortgage payments: Govt

While the majority of older households own their home outright, a quarter still have either rent or mortgage payments, according to the Department for Levelling Up, Housing and Communities’ latest survey.  The 2020-21 survey found that social renters aged 65 and over paid, on average, 27% of their household income on their rent when housing … Read more

Tenants braced for rent rises over year ahead: Chestertons

The majority of tenants expect rents to rise over the coming year, according to Chestertons, in a survey that comes amid the cost of living crisis. Around 60% of tenants believe that rents will increase over the next 12 months, says the estate agent’s latest quarterly tenant survey. This compares with 23% of tenants who said … Read more