Slowdown in housing market is helping landlords raise rents

Slowdown in housing market is helping landlords raise rents

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The housing slowdown is turning out to be a gift to apartment landlords. After all, those people who aren’t buying still need somewhere to live. Data from Zillow released Thursday shows that home-price appreciation continued to slow in April from a year earlier, driven in part by softening West Coast metros like San Jose and Seattle.

The latest evidence of a slowdown. his landlord raised his rent to $1,300, an increase of 24%. “I will have to cut back,” he said. Economists generally agree the root cause of California’s housing.

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The slowdown in rental growth will undoubtedly provide some welcome relief for renters who’ve been experiencing sometimes dramatic rent increases every single year for the past few years. But make no mistake – even with the slowdown in rental appreciation, rents will keep rising and will remain unaffordable in many of the major markets.

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The relentless shortage of housing has lead to dramatic increases in rental rates. However, market analysts predict that these dramatic price increases will likely slow in the coming years as housing becomes more available. While vacancy rates remain historically low, these figures hide the true issues. Landlords, especially those who own units in the high-end market, are offering more concessions to keep units filled.

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.

Slower price growth helps homebuyers, hurts underwater mortgages Good/Bad Housing Markets In 2014 May Be a Surprise Below, we look at Census Bureau data to rank the top 10 rising housing markets in America. To do this, we utilize the following three metrics: the five-year percentage point difference between population growth and housing growth, the five-year change in home values and the five-year change in median household incomes.Some analysts say that underwater mortgages slow down the economy, so using eminent domain will help the economy and allow people to stay in their homes. Others say that using eminent domain to save underwater mortgages will hurt the economy because lenders will react to this by increasing interest rates.

NDP Proposes Vacancy Control on Vancouver Rentals  · The legislation -passed by both the state Senate and Assembly – would renew and strengthen New York City’s rent control laws and give every municipality in.

The rental market in Great Britain continued to show signs of strength in the 12 months to January 2017, as prices grew by 2.2%. For example, a property that was rented for £500 a month in January 2016, which saw its rent increase by the average rate in Great.

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Many economists expect the housing market to continue to slow, which could drive more Americans to rent instead.

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 live.

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