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Salt Lake City Rents Down 1.5% Month-Over-Month

The median rent in Salt Lake City fell by 1.5% over the course of October, and has now decreased by a total of 5.4% over the past 12 months, according…

Apartment Development Pipeline to Slow Dramatically In 2024

Apartment developers expect new starts to slow significantly now in the post-pandemic era as high interest rates have sidelined investors, John Burns Real Estate Consulting says in a new survey.…

Do You Know The Changing Priorities Of Renters?

As a housing provider, do you really know the changing priorities of renters a new survey study asks. The new report from the National Multifamily Housing Council (NMHC) and Grace…

Seasonal Slowdown In Rents Continues

The seasonal slowdown in rents continued in October as the nationwide median rent fell 0.7 percent to $1,354 marking the third consecutive month of negative rent growth and “declines are…

Jury Finds Conspiracy On Home Sales Commissions Awards $1.78 Billion

A federal jury in Kansas City has found that the National Association of Realtors and large residential brokerages conspired to keep commissions for home sales artificially high and set damages…

Rent Control Contributes To Affordable Housing Shortage

Rent control laws are contributing to a shortage of affordable housing, according to economists. When rent caps are imposed, developers build fewer new rental units, the supply of available housing…

Property Management Companies Plan To Expand Portfolios

In the annual State of the Property Management Industry Report, Buildium says 92% of property management companies’ survey respondents intend to expand their portfolios in the next two years. “So…

Multifamily Rents Drop Amid Supply Surge

Multifamily rents turned negative in September, with the average U.S. rent declining $6 from August and $3 during the third quarter amid a supply surge, Yardi Matrix says in its…

TransUnion To Pay $15 Million Over Tenant Screening Inaccuracies

TransUnion has agreed to pay $15 million in a settlement over tenant screening inaccuracies because “TransUnion and subsidiary violated the FCRA (Fair Credit Reporting Act) by failing to remove inaccurate…

Second Consecutive Month With Negative Rent Growth

The U.S. saw a second consecutive month of negative rent growth in September, according to the October report from Apartment List. The nationwide median rent fell 0.5 percent to $1,364…