Demand for Rental Properties Archives

Nightmare for CA Fire Victims Intensifies as Price Gouging Leads to Extreme Rent Hikes

13-J0000001-1999 | Affordable Housing Crisis, Demand for Rental Properties, Rental Rates

Over 15,000 structures have been destroyed in the wake of the Southern California fires that are still uncontained, and with that comes entire neighborhoods reduced to ash and the displacement of families desperately seeking shelter. This surge in demand has led to...

American Dream CRUSHED – SCE Housing Survey Reports Renters’ Hopes of Owning a Home Sinks to Historic Low

13-J0000005-1999 | Demand for Rental Properties, Homeownership, Housing Market, Investing in Real Estate

The Federal Reserve Bank of New York’s 2024 SCE Housing Survey of Consumer Expectations paints a disappointing picture of the future of homeownership in America. The survey highlights the growing anxiety over escalating housing expenses, especially among renters...

Record High Mortgage Rates for 2024 Drive Up Demand for Rental Properties

13-J0000004-1999 | Demand for Rental Properties, Investing in Real Estate, Mortgage Rates

The average mortgage rate on a 30-year loan hit a record high for 2024, breaking through the 7% mark and settling in at 7.10%, as reported by Freddie Mac. This rise in rates has made homeownership out of reach for many, increasing the demand for rental properties...