Category: rental market

Orange County Apartment Prices Soften After Decade of Increases

April 17, 2023
apartment rentingCaliforniaCalifornia apartmentOrange County CommunityRegional & State Newsrental marketSouthern CaliforniaState NewsUS
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The price to rent an apartment in Orange County is on the decline, according to industry research firm CoStar Group, following steep increases over the past decade. Statistics show prices across the county peaking in August 2022 at approximately $2.97 per square foot before gradually beginning to fall. The downward trend accelerated in October, and…

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Quebec Cracks Down on Airbnb After Deadly Fire as Some Continue to Evade Rules

March 31, 2023
airbnbbuilding fireCanadacottagerental marketWorld
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The Quebec government’s crackdown on Airbnb has upended Montreal’s short-term rental market, leading some to welcome the changes and others scurrying to evade the new rules. Last week, following a fire in Old Montreal that killed seven people—including six who were staying in unlicensed short-term rentals—Airbnb said it would remove illegal Quebec listings from its…

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Orange County: Most Competitive California Rental Market in 2022

March 28, 2023
CaliforniaCalifornia Association of RealtorsLos AngelesOrange Countyreal estateRegional & State NewsRegional Newsrental marketSan DiegoSouthern CaliforniaSouthern California OC NewsState NewsUSUS News
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With demand far outpacing supply, finding a rental in California is an arduous task, and residents of Orange County faced the most competitive rental market in the state during 2022. RentCafe, a nationwide internet listing service specializing in rental houses and apartments, analyzed markets measuring the number of days rentals stay vacant, the percentage of…

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Australian Capital Territory Bans ‘No-Cause’ Evictions

March 21, 2023
AustraliaAustralian Capital TerritoryBusiness & MarketsCANBERRAeconomic policiesGlobal Real Estateno-cause evictionreal estaterental marketShane RattenburyWorld
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Landlords in the nation’s capital will be allowed to evict tenants only for government-approved reasons after Labor and the Greens passed its no-cause eviction laws. Attorney-General Shane Rattenbury said the move was designed to deal with the challenging rental market in the Australian Capital Territory (ACT). “We have heard from the community that no-cause evictions…

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Sydney to Overtake Canberra as Most Expensive Rental Market in Australia

October 10, 2022
AustraliaBusiness & MarketsCoreLogicGlobal Real Estatereal estaterental marketWorld
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Sydney is on its path to replacing Canberra as the most expensive city for renters in Australia due to an increase in demand for rental properties as migration is picking up. According to the real estate data provider CoreLogic, Canberra was the only capital city to see a drop in rents in the September quarter,…

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4 Million Americans Priced Out as Home Rents Rise Significantly, Home Loan Qualifications ‘Skyrocket’

June 23, 2022
Affordable Home OwnershipBusiness & Marketseconomyhome pricesinflationmortgage ratesrental marketUSUS News
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As costs of home ownership rise, millions of Americans have been pushed out of the housing market, according to Harvard University’s annual State of the Nation’s Housing Report released Wednesday. At today’s home prices, a first-time buyer would have had to shell out $27,400 (7 percent of the sales price) as a downpayment in April…

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