The Big Picture
A new Redfin report examines rent rates and multifamily permitting numbers, with analysts citing interest rates and challenges finding renters as key factors driving the current environment. Other notable stories broke down a New Jersey Supreme Court decision that found contract provisions waiving class actions are lawful in the state, examined tactics for tackling affordable housing challenges and provided commentary on California’s Costa Hawkins ballot battle slated for November.
Top Stories
- These 2 states are seeing record rent declines even as prices rise nationally (msn.com)
- Class Action Waivers in New Jersey Lease Agreements: Recent Ruling in Pace v. Hamilton Cove Apartments Upholds Landlords Rights | New Jersey Eviction Law - GLR&W
- ‘Carrot versus stick’: Could developers be enticed to maintain affordable housing? (yahoo.com)
- Statewide Campaign Sounds Alarm on California Prop 33 to Repeal Costa Hawkins - Connect CRE