More than a third of small businesses can’t pay rent, newly released data shows. The small business network Alignable released new survey results that found that 35 percent of U.S. small business owners “could not pay their rent in full or on time in June.” “Most small business owners attribute this worsening situation to record-breaking…
Survey: A Third of US Small Businesses Can’t Pay Rent Because of Inflation
Rents to Rise for Millions of New Yorkers in Rent-Stabilized Housing
June 22, 2022
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New York City’s Rent Guidelines Board voted on Tuesday to hike rent for around 1 million rent-stabilized apartments in the Big Apple in the largest rent increase in nearly a decade, estimated to impact over 2 million tenants. At a contentious June 21 public meeting that saw tenants plead for another freeze and landlords call for…
CPI Inflation Stays Near 40-Year High; Baby Formula Shortage: Stores Limit Purchase | NTD Business
Inflation bites again. The prices of just about everything keep going up, with rent rising at the fastest pace in three decades. Large layoffs are taking place at large companies. Like many experts, do they also think a recession is coming? Abbott Labs says consumers could see some baby formula products back on shelves in…
LA Landlords Describe Weight of Inflation, Rent Moratoriums on Their Income
LOS ANGELES—Several landlords claim in sworn declarations they have lost thousands of dollars through delinquent rent payments and inflation because of Los Angeles County’s eviction moratorium and will continue to do so if an extension of the measure goes into effect as scheduled next month. The extended eviction restrictions, approved by the Board of Supervisors…
Over 95 Percent of US States Saw Hefty Rent Hikes Since Last Year
A new rent report just released by Rent.com indicates that 95 percent of U.S. states faced significant rent increases over 2021. The cost for one-bedroom units increased by an average of 22.6 percent, while two-bedroom units experienced hikes of around 20.4 percent. Rent.com, an apartment search engine and online marketplace catering to Millennials, is owned…
Ontario Raises Maximum Allowable Rent Increase as Rent Freezes End
TORONTO—Ontario renters may soon be paying more for their accommodations after the province hiked its rent increase guidelines today. The province says it has set its rent increase guideline for 2022 at 1.2 percent. The guideline is the maximum a landlord can increase a tenants’ rent during a year without the approval of the Landlord…
Signature Effort to Repeal ‘Rushed’ Santa Ana Rent Control Ordinance Ends
The effort to repeal a new rent control ordinance in Santa Ana has officially ended without any signatures being submitted, the Santa Ana for Fair and Equitable Housing (SAFE Housing) announced Nov. 22. After the Santa Ana city council passed Orange County’s first rent control ordinance Oct. 19, SAFE Housing attempted to gather signatures to…
Nearly 1 in 5 American Homes Bought by Investors in Last Quarter Sales
November 16, 2021
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Almost 1 in every 5 American homes sold in the third quarter of this year was bought by an investor entity rather than an individual looking to live in or rent out the home, according to data from Redfin, a brokerage. Investors snatched up more than 90,000 houses totaling more than $63 billion, representing 18…
Investors Bought Nearly 1 in 5 American Homes Sold in 3rd Quarter
November 16, 2021
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Business & EconomyBusinesses in COVID-19Economieseconomyhome ownershiphome pricesinflationInvestmentMarketsmortgagereal estaterentUS
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Almost one in every five U.S. homes sold in the third quarter of 2021 was purchased by an investor entity, rather than an individual looking to live in or rent out the residence, according to data from Redfin, a real estate brokerage. Investors bought more than 90,000 houses totaling more than $63 billion, representing 18…
Rent for Single-Family Homes Rose 10 Percent in September, Fastest Annual Gain in 16 Years
Rent for single-family homes in the United States surged 10.2 percent in the 12 months through September, marking the fastest pace of annual rent inflation in 16 years, according to a new report from CoreLogic. “Strong job and income growth, as well as fierce competition for for-sale housing, is fueling demand for single-family rentals,” said Molly…
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