Washington State implements rent control measures
Washington State Implements Rent Control Legislation In early May, Washington Governor Bob Ferguson (D) signed a bill into law that will limit annual rent increases (rent control). According to Yahoo News, the measure (HB 1217) caps rent increases at 7% plus inflation or 10% (whichever is lower) and includes single-family homes. The rent for manufactured […]
CoreLogic reports that single-family rental prices remain stable.
CoreLogic Reports Stable Growth in U.S. Single-Family Rental Prices According to the latest CoreLogic Single-Family Rent Index (SFRI), U.S. single-family home rental prices continue to hold steady in June 2024, with prices posting a 2.9% gain year-over-year. In addition they report that rental prices for low-end properties were up 1.9% compared to high-end properties where […]
America Has a Shortfall of 6.5 Million Single-Family Homes Thanks to Decade of Under-Building
[ad_1] 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 […]