Author Archives: Andrew Horvath

U.S. Rental / Destination Services Updates (March 2012)

By: Andrew Horvath | Published: March 28, 2012 | Categories: Market report

To help our service partners better manage rental market expectations, Dwellworks provides the following update on the status of the rental market in the United States. Demand Nationwide, the rental market continues to be a landlord’s market Tenant demand outpaces supply in most regions Impacted by the housing market collapse, homeowners electing to become renters …
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The Reluctant Landlord

By: Andrew Horvath | Published: January 23, 2012 | Categories: Industry trends

In his article in the Fort Lauderdale Sun Sentinel, Paul Owers writes about a subject quite familiar to those working in Destination Services: the reluctant landlord.  Due to the real estate crisis, many would-be home sellers across the United States owe much more than their property is currently worth and thus are unable to list …
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2012 – The Year of the Landlord

By: Andrew Horvath | Published: January 5, 2012 | Categories: Market report, Property management

The face of the United States housing market is changing due to high unemployment, rising home foreclosures, and falling home prices for six consecutive quarters.  Will 2012 be the Year of the Landlord?  Yes, according to a recent report by Oliver Chang, an analyst at Morgan Stanley. Chang writes that ”rents are rising, vacancies are falling, household formations …
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Rental Housing Availability Alert

By: Andrew Horvath | Published: July 11, 2011 | Categories: New York real estate, Rental market update

Dwellworks is issuing an alert to all companies relocating individuals into or within the United States regarding the state of the nation-wide rental market. Several factors, detailed in this US Rental Market Alert Summer 2011, are driving prices up and availability and landlord concessions down. Watch this space for further updates….
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Case-Shiller Index Declines by 4.2% in Q1 2011

By: Andrew Horvath | Published: June 1, 2011 | Categories: Rental market update

S&P/Case-Shiller released information on Tuesday, May 31, 2011 showing that the national home price index declined by 4.2 percent in the first quarter of 2011.  This is after a 3.6 percent decrease in the fourth quarter of 2010.  The report states that home prices in 12 cities fell to their lowest level of the current …
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What to Do if Damage Occurs to the Home You are Renting?

By: Andrew Horvath | Published: May 10, 2011 | Categories: Property management, Rental market update

Due to the recent severe weather in several parts of the United States, here is a reminder of what to do if your property has been damaged. • Call your landlord to inform him/her of the damage • If any of your personal items are damaged, call your insurance company or agent with your policy number and other …
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Foreclosure update

By: Andrew Horvath | Published: April 5, 2011 | Categories: Rental market update

Related Entries Relief for rentersForeclosure Activity – February 2011 (most recent data available) 225,101 new foreclosures were reported in February of 2011, a 14% decrease from January 2011 and a 27% decrease from February 2010.  This is the largest year-over-year decrease since RealtyTrac began issuing the report in 2005.  Although February 2011 numbers are encouraging, …
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