A lack of buyers in the market has pushed a near-record share of homeowners to rent out their properties, industry data shows. Processing Content Units owned by “accidental landlords” accounted for 2.3% of the listed rental stock in October, according to research from Zillow. That’s more than any share in Zillow’s nearly six-year record, outside […]
Slow home sales are creating accidental landlords Read More »
Rent increases are outpacing home-price growth in the majority of counties in the United States, shrinking the affordability gap between renting and buying, a new industry report shows. Processing Content Median rents rose at a greater rate than median sales prices in 229, or 55%, of the 416 counties with sufficient rent and price data
Rent increases outpace home-price growth: Attom Read More »
New York developers are transforming struggling office buildings into more than 12,000 new apartments in a bid to help offset the city’s worst housing crisis in decades. Most of the units are either starting or completing construction next year and over 3,000 of them will be earmarked as permanently affordable homes, according to a new
NYC to get 12,000 new apartments from outdated office buildings Read More »
Tenant interest in rent reporting has grown since the Federal Housing Finance Agency reaffirmed plans to include those payments in mortgage credit decisions. Instances of self-reported rent are up so far in 2025, at 13% compared to 11% in 2024, according to credit bureau TransUnion. That could help increase the use of a credit score
Tenant self-reporting grows as GSEs add rent-based score Read More »
Shares of companies linked to New York City real estate fell Wednesday as Zohran Mamdani, a state Assembly member who has vowed to freeze rents, looks all but certain to become the Democratic nominee for mayor. During his campaign ahead of Tuesday’s primary, Mamdani called for a progressive agenda that also included cheaper groceries at government-owned stores
Mamdani’s rent-freeze agenda sparks slide in NYC-linked REITs Read More »