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Rent Control and Other Rent Regulation Laws Hurt Renters Seeking Housing Opportunity and Affordability

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Regulations Disproportionally Benefit Higher Income Renters As communities across the nation continue to face real housing affordability challenges, too many lawmakers are considering policies to regulate rents instead of those that will increase the supply of housing and, therefore, enhance equity and lower housing costs for residents. A new study by Dr. Arthur C. Nelson, Professor Emeritus at the University of Arizona, provides a comprehensive review of peer reviewed academic

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Pending Home Sales Rose 4% in December—Biggest Jump in Over Two Years

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Homebuyers came out of the woodwork as mortgage rates posted the biggest monthly decline since 2008 Pending home sales rose 4.1% month over month in December on a seasonally adjusted basis–the biggest increase since September 2021–to the highest level in more than a year. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They climbed 5.9% from a year earlier, the biggest annual gain since June 2021.

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Blackstone Real Estate to Take Tricon Residential Private

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Blackstone Remains Committed to Tricon’s Extensive Housing Development Platform, Including its Pipeline of $1 Billion of New Single-Family Homes in the U.S. and $2.5 Billion of New Apartments in Canada Plans to Improve Quality of Existing U.S. Single-Family Homes through an Additional $1 Billion of Capital Projects   Blackstone and Tricon Residential Inc. announced that they have entered into an arrangement agreement under which Blackstone Real Estate Partners X together with

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RENTING A HOME STILL MORE AFFORDABLE THAN OWNING ACROSS U.S.

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Home Rental and Ownership Still Difficult in 2024 for Average Workers in Most of Nation; But Renting Less of a Burden in Nearly 90 Percent of Local Markets; Trend Continues Despite Rents Growing Faster Than Home Prices ATTOM, a leading curator of land, property and real estate data, released its 2024 Rental Affordability Report, which shows that median three-bedroom rents in the U.S. are more affordable than owning a similarly-sized

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FIX-AND-FLIP INVESTORS MORE OPTIMISTIC THAN RENTAL PROPERTY OWNERS

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High financing costs, limited inventory continue to be biggest challenges, but insurance costs and coverage are growing concerns. There were significant differences of opinion between fix-and-flip investors and rental property owners about the state of real estate investing, according to the Winter 2023 Investor Sentiment Survey from RCN Capital, conducted by market intelligence firm CJ Patrick Company. To read the full report: https://lp.constantcontactpages.com/su/emMCtPO/WinterInvestorSentiment Fifty percent of flippers felt things were

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Gov. Murphy signs new foreclosure protection program into law

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By Nikita Biryukov, New Jersey Monitor New Jerseyans facing foreclosure will have a new path back to homeownership under a bill Gov. Phil Murphy signed Friday. The new law creates the community wealth preservation program, which will give homeowners facing foreclosure — plus their families and certain nonprofits — the right of first refusal to purchase their home at a sheriff’s sale. “With today’s bill signing, we are creating a new avenue

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