Category Archives: Rental market update

Apartment Hunting

By: Suzanne Benjamin | Published: May 2, 2012 | Categories: Industry trends, Market report, Rental market update

The article “Apartment hunting in a tight market“, published in the Chicago Tribune, is a realistic snapshot of the severely competitive rental market in Chicago and is also representative of the rental market across the country.  Multiple daily showings, units snapped up within 24-48 hours of listing, and the disappearance of rental concessions are conditions …
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Here We Go Again

By: Paul Soley | Published: April 4, 2012 | Categories: New York real estate, Rental market update

Related Entries AG Warns Against Craigslist ScamsThe story below, published in the Westchester Journal News, is yet another reminder to renters that they need to be very careful to avoid scammers that are getting bolder and more clever. Working with a reputable broker is an easy safeguard against fraud.   Victims mount in rent scam. Con …
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Some US Cities Wage War on Rental Properties…Possible Future Trend?

By: Katie Auffenorde | Published: March 23, 2012 | Categories: Industry trends, Rental market update

In a recent post by The Fiscal Times, Steve Yoder sheds light on what could be an alarming movement for those of us in the business of locating rental homes—US cities and municipalities are beginning to limit or perhaps institute bans on rental properties within their limits.  While there is no data to suggest a …
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Facing Foreclosure as a Renter

By: Rob Carlson | Published: December 22, 2011 | Categories: Rental market update

According to RealtyTrac stats, close to 40% of foreclosed properties are/were occupied by renters.  Karen Aho’s recent article for MSN Real Estate provides some excellent insight for renters should they be faced with an eviction from a foreclosed property. As the article mentions, the renter is typically the last to know when a home is …
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Hurricane Preparedness

By: Paul Soley | Published: August 26, 2011 | Categories: Rental market update

Hurricane Irene is growing and gaining speed.  Much of the east coast is threatened with heavy rain and damaging winds. For those unfamiliar with Hurricanes the mantra is “prepare for the worst and hope for the best”. The article attached provides helpful basic information to help that preparation….
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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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From Globalization to the Mega-region

By: Paul Soley | Published: July 5, 2011 | Categories: Immigration, Rental market update

National Georgraphic interviews author Richard Florida: “Whether we’re in France, the United States, China, or Japan, we tend to eat the same foods, wear the same clothes, drive the same cars. But then simultaneously, people are trying to find what’s unique and authentic in the world, and that interest makes those things rise in value. …
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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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Tax Day for Landlords

By: Ghadeer Hasan | Published: April 12, 2011 | Categories: Property management, Rental market update

April 15th is fast approaching.  A number of generalizations can be made regarding tax on rental income.  Rentlaw.net outlines Common Landlord Tax Deductions that provides a foundation for information on rental income and landlord tax obligations to build on with qualified professional assistance. http://www.rentlaw.com/tax/deductions.htm…
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