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Zumper’s National Rent Report for March ’23

Rental information site Zumper recently released their latest monthly National Rent Report for March, 2023.  According to their data, rent for 1-bedroom apartments was $1,494 (up .02% from February) and the median two-bedroom rent was $1,833 (up 0.5% from February).  Zumper says this uptick points to a larger trend of deceleration of price increases and

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Single-Family Market Share Continues to Shift Away from Large Metros

The National Association of Home Builders says single-family market share continues to shift away from large metro areas.  Citing data from their recent Q4 Home Building Geography Index (HBGI), they say the largest growth in single-family market share came in rural markets (micro counties and non-metro micro counties), rising from 9.4% in Q4 2019 to

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Your Guide to the Renter’s Bill of Rights – Parts 1 & 2

Recently, the Biden Administration released its Blueprint for the Renters Bill of Rights.  On two recent episodes of the Rent Perfect Podcast, David Pickron and his General Counsel Denny Dobbins discuss how this blueprint can and will affect landlords today and in the future. You can download a copy of the White House’s document by

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Local Market Monitor’s National Economic Outlook for March ’23

March, 2023 The number of jobs in February was 2.9 percent higher than last year, normally an indicator of strong economic growth, but the increase was 3.3 percent in January, 3.5 percent in December. The rate of improvement is slowing down, which probably means that we’re still counting pandemic recovery jobs as new jobs, and

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America Has a Shortfall of 6.5 Million Single-Family Homes Thanks to Decade of Under-Building

A new report from Realtor.com says a decade of under-building in America has led to a shortfall of 6.5 million single-family homes in the U.S.  To come up with their conclusions, Realtor.com looked at household formation, housing starts, and home sales.  They found that given how many households were formed between 2012 and 2022 the

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