Many Americans lack knowledge of basic concepts about home ownership, including misconceptions about mortgage terms and knowledge about home buying, maintenance, and renovation, as well as home building, a new study has revealed. The study was conducted in May by Lombardo Homes, a Midwest home builder specializing in new construction in Michigan and Missouri, which surveyed…
Homeowners, Renters Struggling With Housing Stress: Research
July 24, 2023
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A significant percentage of Australians are experiencing housing stress amid a sharp growth in rents and interest rates, according to new research. The national housing campaign Everybody’s Home, launched by a coalition of housing, homelessness, and welfare organisations has released a report (pdf) revealing the impact of the housing crisis on the community. The report,…
Home Building Set to Grind to a Halt With New Red Tape, Housing Pressures Continue
July 23, 2023
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Commentary No one wants anyone to be living in substandard conditions, and we all want the disabled to live full lives, but how far can we go in making this possible? The National Construction Code (NCC) has taken it one step too far. It will result in less affordable houses, and insoluble design issues, even making certain…
US Mortgage Rates Fall in Biggest Decline Since March
July 21, 2023
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U.S. mortgage rates dropped from an eight-month high, after nearing 7 percent last week, as inflation slows ahead of next week’s Federal Reserve policy meeting. The Fed’s aggressive interest-rate hike policy sent mortgage rates well above 7 percent last year, causing the once booming housing market to crash. Rates have been slow to decline from the nearly two-decade high,…
How to Use Online Rent Collection to Enhance Transparency and Foster Better Relationships With Tenants
By Dave Spooner Landlords experience a variety of benefits when switching to online rent collection: automation, convenience, accurate bookkeeping and the ability to meet tenant needs in the marketplace. Transparency is an often overlooked benefit. As consumers, we want and appreciate transparency throughout the transaction process. We want to be able to track our packages,…
Eviction Notices Rise in Several US Cities
Eviction filings are rising in several American cities, according to recent data collected by the Princeton University Eviction Lab. Princeton’s Eviction Tracking System has been keeping track of eviction filings across the United States since 2000 when the lab started to publish its findings. The findings are based on (pdf) tens of millions of public records from state and county…
ANALYSIS: How to Improve Housing Affordability by Motivating Developers
Alleviating Canada’s housing affordability crisis revolves around increasing the supply of homes. But with Ontario’s environment of rising interest rates, labour shortages, high input costs, and even inter-provincial migration out of the bigger cities, analysts are suggesting solutions range from incentives for developers and builders to re-thinking land-use policies. Ontario has a goal of building…
Florida Renters Unlikely to See Relief in Housing Market Despite ‘Cooldown’ Across the US
July 20, 2023
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Rental markets across the United States are reportedly beginning to cool, but Florida is likely to remain an exception thanks to the combination of enduring high demand and an inflated cost of living. A recent survey shows nationwide renter’s markets are down more than 33 percent compared with last year. Florida’s median rent for June was…
Housing Starts Tumble Despite Signs of an Improving Home Sales Market
July 20, 2023
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The number of housing starts tumbled last month, despite signs that the home sales market is heating up again after falling. Housing starts take into account the change in the number of new residential buildings beginning construction. New single-family home construction fell 8 percent from May to June, according to July 19 report from the U.S. Census…
Las Vegas Rent Decreasing
July 19, 2023
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In 2022, most Americans had it rough financially. Inflation surged up to 9.1 percent at one point, and food prices hit an increase of 9.9 percent. If that wasn’t enough, those who rented were also hit hard. Overall, in the United States, multifamily renters were experiencing increases of 12.2 percent for new tenants. Renewals were…
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