The housing market had an insane year in 2022, and the rental market fell in tandem with the chaos. As housing prices rose, so did rent. Now, as 2023 kicks off, experts at Realtor.com say rent prices look like they could be finally coming down. As of November, a new Realtor.com report found that rental…

ApartmentList’s national rent index dropped by 0.8 percent in December, in the fourth straight month-over-month decline for the sector — and the rest of the year is on track to be similarly tepid. “The timing of this cooldown in the rental market is consistent with the typical seasonal trend, but its magnitude has been notably sharper…

The Vermont Association of REALTORS® knows that increasing rent control regulations in Burlington will infringe on private property rights – and won’t fix the housing challenges.  Through an Issues Mobilization campaign supported by the REALTOR® Party, they presented the message that ultimately resonated with the governor, who vetoed a threatened rent-control ordinance. In Burlington, Vermont, where renters dominate the…

Yardi Matrix says a recession will likely begin in the second half of 2023. By Paul Bergeron Yardi Matrix has revised downward its apartment rent forecast for 2023 to 3.1% from 3.5% and expects to see all that growth in the first two to three quarters of the year, according to Andrew Semmes, senior research…

With the Emergency Rental Assistance Program running out of federal funding, New Mexico legislators must decide if the state will continue funding the program or not. The program has officially stopped accepting applications as of Jan. 1, a recent KRQE report said. The funding from the federal government under the Federal CARES Act is reaching its expiration date.…

If governments would streamline the eviction process, a large percentage of the homeless population could be housed. There is a solution to the homelessness issue that is being ignored. Many homeowners would happily rent out rooms. I did it for a couple years to an at-risk person. Unfortunately it ended badly when he quit paying…

It’s easy to blame remote workers for the pandemic’s chaotic housing market. Highly paid white-collar employees who exercised their newfound freedom and turned once cheap locales into expensive “Zoomtowns” make for vivid villains. But a new analysis from the Economic Innovation Group, a bipartisan public-policy organization, argues that, eventually, the shift to working from home may turn…

Yesterday, I posted a prediction mostly about what is likely to happen with owner occupied and single-family housing in 2023. What about rental housing? My prediction about rental housing is based on Zumper’s national rent report for November, some of the last numbers out for rents in the United States. As with single-family housing, rental housing…

The pandemic years have created a winning trifecta of high rent, occupancy and demand in the multifamily sector. Vacancies dropped to 5.8 percent, their lowest level since the mid-1980s, rents reached record highs while favorable interest rates and ready access to capital drove a vibrant transaction environment. But what goes up must eventually come down.…

For those without money, which from any reasonable definition of having financial resources is a huge portion of the populace, housing is a big issue. There was a time when standard advice was not to spend more than 25% of your take-home pay for shelter. It’s grown over the years to 30%. Affording a roof…