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FHA Moves to Include On-Time Rental Payments for First-Time Buyers

Mortgages, Rental Property / By W. J. Mencarow

Published by REALTOR Magazine | September 28, 2022 “If you’re regularly paying your rent on time, that’s a good indication you will also pay your mortgage on time,” says the Federal Housing commissioner. The Federal Housing Administration published a letter to lenders urging them to consider including a borrower’s positive rental payment history when applying …

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Rent On The Rise: U.S. Markets Where Prices Rose Fastest In August

Economy, Rental Property / By W. J. Mencarow

Published by FOX Business | September 24, 2022 Cincinnati saw the biggest jump among the 50 most populous metros Renters are facing higher costs as lease prices reached record highs in August. The national median asking rent climbed 11% year-over-year, though some areas saw increases more than double that. For instance, asking rents in Cincinnati, Ohio, …

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Rising Rents Are Squeezing Older Adults

Economy, Rental Property / By W. J. Mencarow

Published by Forbes.com | September 9, 2022 Tenants are wrestling with rent increases of 28% on average over the last three years. Sharon Greenfelt Kersten, a 70-year-old publicist, loved the $1,900-a-month Fort Lauderdale, Florida, two-bedroom rental house where she lived and worked. But in November 2021, her landlord told her he planned to raise the …

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U.S. Rents Hit Record High, Coinciding with Skyrocketing Mass Immigration

Rental Property / By W. J. Mencarow

Published by Breitbart News | August 29, 2022 Rents across the United States have hit a record high, with the median rent for a one-bedroom apartment now reaching nearly $1,500 a month The sky-high rents are up almost 12 percent compared to the same time last year, the analysis finds. The jump in rents now …

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High Mortgage Rates Are Driving People to Rentals, Tightening Supply

Economy, Rental Property / By W. J. Mencarow

Published by FOX Business | August 23, 2022 Rent prices across the country have been taking a significant bite out of consumer budgets with some renters getting hit particularly hard over the past year. Pamela Liebman, president and CEO of The Corcoran Group, discussed the real estate market on Tuesday, stressing that the sticker shock for rents …

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Landlords Ready War Chests to Buy in Cooling U.S. Housing Market

Rental Property / By W. J. Mencarow

Published by Bloomberg | June 13, 2022 Rental companies see potential discounts ahead from homebuilders as higher mortgage rates sideline regular buyers. ———————————————————————————————————— Single-family landlords are eyeing opportunities in the slowing U.S. housing market, betting that lower demand from consumers will lead builders to offer discounts. American Homes 4 Rent, the third-largest single-family landlord, is …

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Rent Prices Surge Nationwide in May, Texas City Hit Hardest

Economy, Rental Property / By W. J. Mencarow

Published by FOX Business | June 10, 2022 Austin, Texas, saw rent prices surge nearly 50% while Nashville, Seattle saw prices climb 30% The median monthly asking rent nationwide exceeded $2,000 for the first time in May, according to recent Redfin data. Last month, median asking rent rose 15% from a year ago, reaching a record $2,002, the …

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‘Squatter’ with fake lease won’t leave Chicago woman’s home — and cops are powerless

Behind The News, Rental Property / By W. J. Mencarow

Published by The New York Post | June 8, 2022 An alleged squatter with a bogus lease is refusing to leave a Chicago woman’s house — and there’s nothing cops can do about it, the homeowner said. Danielle Cruz told ABC 7 she recently put the three-bedroom Chatham pad on the market but when a contractor arrived …

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REPORT: Rents Across U.S. Skyrocket

Rental Property / By W. J. Mencarow

Published by Breitbart News | April 4, 2022 Rental prices for single-family homes have skyrocketed to record levels across the U.S., increasing to an average of 7.8 percent in 2021. “Of the markets in our analysis, 97.7 percent recorded price increases for one-bedrooms and all markets saw increases for two-bedrooms [100 percent],” the report, issued last month, …

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Investors Buy Mobile Home Parks, Raise Rents for Low-Income Americans

Behind The News, Rental Property / By W. J. Mencarow

Published by Breitbart News | March 29, 2022 Corporations are buying up mobile home parks across the U.S. and owners of the manufactured housing are being hit with increased rent for lots and new property requirements. The New York Times focused on one such mobile home park in Colorado to represent the trend and its impact on residents, …

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