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News Articles: rents

Chelsea Andrews (white hat), president and executive director of Montgomery County's<strong> </strong>Housing Opportunities Commission, adjusts Maryland State Delegate Lorig Charkoudian's hardhat during a groundbreaking ceremony for the Hillandale Gateway housing development in Silver Spring, Md. The HOC says it owns more than 9,400 apartment, townhome and single-family home rental properties and provides subsidized housing for more than 9,300 households.

Tagged as: 

  • National

One possible housing crisis solution? A new kind of public housing for all income levels

Maryland's Montgomery County is building mixed-income apartments in which people who can afford to pay market rate allow other renters to pay less. Cities and states nationwide are taking up the idea.

October 07, 2024
|
By:
  • Jennifer Ludden
The Department of Housing and Urban Development issued a formal request this summer for more research on the impact of paying renters directly.

Tagged as: 

  • National

In a major shift, the U.S. government explores giving renters cash, not vouchers

Federal housing vouchers are the largest rental aid program, but many landlords reject them. Experiments will test whether cash helps more people sign a lease.

September 19, 2024
|
By:
  • Jennifer Ludden
The Justice Department says RealPage’s algorithmic pricing software allows landlords nationwide to set rents above market rate and deprives renters of the benefits of competition. The Texas-based company has denied the allegations.

Tagged as: 

  • National

DOJ accuses real estate software company of helping landlords collude to raise rents

The lawsuit says RealPage’s algorithmic pricing software lets landlords effectively collude and set rents above market rate. The Texas-based company has denied the allegations.

August 23, 2024
|
By:
  • Jennifer Ludden
A new Harvard University report finds that housing was unaffordable for a record half of renters in 2022. And a softening rental market might not help those who struggle most.

Tagged as: 

  • National

Housing is now unaffordable for a record half of all U.S. renters, study finds

A new Harvard analysis finds people across income levels got squeezed by rent hikes during the pandemic. The market has lost millions of low-rent places, and new construction is mostly high-end.

January 25, 2024
|
By:
  • Jennifer Ludden
Even though higher mortgage rates are starting to curb housing prices, the share of first-time homebuyers has fallen to a historic low, according to the National Association of Realtors.

Tagged as: 

  • National

Voters approved more money for affordable housing around the country

Skyrocketing rents and home prices have been a major part of voters' economic pain. New spending will go toward building and subsidizing more housing, and helping people avoid homelessness.

November 10, 2022
|
By:
  • Jennifer Ludden
Eric Perkins says the kitchen is what sold him on the two-bedroom, one-bathroom apartment in Norfolk, Va., that he found through a shared housing program.

Tagged as: 

  • National

Roommate wanted: Homeless people are pairing up as a way around the housing crisis

Given record high rents and low vacancy rates, housing providers are offering to match people up as roommates to get them off the streets. But it can be a tough sell for both renters and landlords.

October 20, 2022
|
By:
  • Jennifer Ludden
A for rent sign in Palo Alto, California. Across the country rents are on the rise, in part due to a historic shortage of homes either to rent or buy.

Tagged as: 

  • Economy

It's not just home prices. Rents rise sharply across the U.S.

Renting a place to live is getting a lot more expensive, according to a survey that tracks rental listings across the biggest 50 U.S. cities.

February 14, 2022
|
By:
  • Chris Arnold

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