Empty Manhattan Apartments Hit Record Levels

by | Jul 13, 2020 | COVID19, Manhattan, Rentals

According to reports published, New York City rentals experience worst June in more than a decade amid the COVID-19 crisis. Over 10,000 apartments were listed as available in June according to a report on CNBC. This represents an increase of 85% over June 2019, based...

Rent Trajectories Slow Down

by | Jul 8, 2020 | COVID19, Housing, Rentals

As compared to the average price for homes on a year-over-year basis, rental prices have not kept pace with the same momentum. Over the last 12 months rents for single-family homes grew by only 2.4% year-over-year in April. This metric is the result of CoreLogic...

The COVID-19 Impact on Rentals

by | May 20, 2020 | COVID19, Real Estate News, Rentals

The impact from social distancing and the COVID-19 pandemic in general is being felt on rentals, especially in areas of high density. In some areas of New York City, the spread of this disease has effectively outlawed in-person home showings.  Some results are being...

Rents Hit Another New High

by | Apr 21, 2020 | Real Estate News, Rentals

The average national rent rose to $1,468 in February, representing a 3.2% increase from the same time last year. Areas that have seen the highest increases in rent also reflect movements concomitant with the average price of a home sale. As expected, Seattle’s...

Rent USA Part 1

by | Dec 3, 2019 | Rentals

According to a study published by homes.com, more homeowners are renting spaces in homes for income value. This is not just a small percentage, according to the study, which states that 51.2% of homeowners said that they had to rent out space in their home. Renting...