Higher-income millennials are renting homes instead of buying as they are being priced out of the overly competitive real estate market as prices continue upward. Thus, the higher-income millennials lead the ranks of “lifestyle renters,” according to a new study from RentCafe. “The share of applications for apartments from renters who earn more than $50,000…
Photo by Mikael Blomkvist from Pexels Rents were up another 2.1 percent nationally in August as rent growth continued, while vacancies reached historic lows, according to the latest report from Apartment List. The report says that since January of 2021, the national median rent “has increased by a staggering 13.8 percent. To put that in context, rent growth…
A research study shows that of small landlords with three or fewer properties, 56 percent are dealing with delinquent renters, according to a release. The research from Nevada Realtors (NVR) was only for the state of Nevada, but points out how small landlords, often called “mom-and-pop” landlords, are carrying a heavier burden than larger corporate landlords. The National…
A group of Ohio landlords have agreed to settle a Fair Housing Act lawsuit over sexual harassment of female tenants, according to a release from the U.S. Department of Justice. The Justice Department said in the release that Toledo, Ohio, landlords Anthony Hubbard, Ann Hubbard, Jeffery Hubbard, PayUp LLC and No Joke Properties Inc. have agreed…