Single renters pay a nearly $7,000 ‘singles tax’ to live alone: Zillow

The “tax” varies widely depending on the market with renters in expensive markets, such as New York City paying up to $19,500 more in rent annually. Continue reading

A theory is emerging online about a mass exodus from New York City

Warehousing? Inflated algorithms? Shady developers? They’re all part of a new report on what’s driving up rental prices in New York City. However, social media users aren’t buying the theory. Continue reading

Landlord’s $200 ‘aggressive breed’ fee for pet fish shocks internet

TikTok user Nicole Rose posted a video of herself staring in stunned silence at the Kansas City apartment’s pet policy, which requires a $200 one-time fee for pets, along with a $15 monthly fee. Continue reading

Minimum wage workers need at least 4 jobs to pay rent in some cities

Even the most expensive cities — which typically have higher minimum wages — are more affordable than those with $7.25 an hour minimums, according to data released Tuesday by Zillow. Continue reading

25 cities cracking down on Airbnb: The Real Word

This week, Byron Lazine and Nicole White are talking about cities that are making it harder to own short-term rentals, how inflation has impacted millennial homebuying plans and the weekly media review Left, Middle, Right. Continue reading

RealPage hit with second class-action suit alleging rent price fixing

Tenants in Florida claim the company oversaw a “cartel” that unfairly drove up the cost of rent in markets across the Sunshine State. The claim comes on the heels of a similar suit in California. Continue reading

The Agency 2022 Red Paper: A softening, but still strong market

“The key takeaway is this,” CEO Mauricio Umansky said of this year’s report. “Housing remains a primary investment for the world’s most affluent citizens and a safe hedge against inflation.” Continue reading

In reversal from 2021, it costs more to buy than rent in 95% of US

Last year, it was more expensive to rent than own. High home prices and mortgage rates that doubled in 2022 changed that, according to a new report from property data firm Attom. Continue reading

Rent growth slows to smallest rate since July 2021

While the 4.8 percent growth was still above historical norms, it’s the smallest increase since June 2021. Median asking rent in the nation’s 50 largest markets climbed to $1,979 last month. Continue reading