HUD Releases Best Practices as White House Cracks Down on Junk Fees
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The U.S. Department of Housing and Urban Development (HUD) is releasing best practices related to application fees and leasing costs. In the open letter, Secretary Marcia Fudge urged housing providers and companies that provide leasing services to adopt policies that promote fairness and…
Rents See Largest Decline in 7 Years
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Asking rents are down 0.4% from October to November, resulting in the largest monthly decline in the seven-year history of Zillow’s Observed Rent Index. While November is historically the slowest month recorded in the index, declines had not reached 0.1% during this time of the year pre-pandemic.…
Rent Growth Continues at Slower Pace
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Nearly all of the 100 largest U.S. cities have seen month-to-month rent growth.Rent growth continues throughout the U.S. Despite a winter slowdown, the May Apartment List National Rent Report shows a 0.9% increase in April to the national index. Year-over-year rent growth is at 16.3%, but rents in…