Slowdown in housing market is helping landlords raise rents

The U.S. housing slowdown is turning out to be a gift to apartment landlords. After all, those people who aren’t buying still need somewhere to live.

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[BOSTON] The US housing slowdown is turning out to be a gift to apartment landlords. After all, those people who aren’t buying still need somewhere to live. Data from Zillow released on Thursday shows that home-price appreciation continued to slow in April from a year earlier, driven in part by softening West Coast metros like San Jose and Seattle.

While the market for apartments has been in favor of landlords for five years, owners of houses are now able to increase. rents may help the Wall-Street backed landlords, it may slow the recovery.

Real estate agent Cristy Michaels shows an apartment in Society hill. (natalie piserchio for WHYY) “The market is so saturated right now,” Michaels said. Owners are decreasing rents in an effort..

Comments Off on Slowdown in U.S. Housing Market Is Helping Landlords Raise Rents Apartment growth accelerated in April by 2.6 percent on an annual basis. (Bloomberg)-The U.S. housing slowdown is turning out to be a gift to apartment landlords.

The company also reported the first nationwide monthly price dip in more than seven years – albeit just 0.1%. At the same time, rent growth accelerated, climbing by 2.6% on an annual basis, after a lull in 2018. Slowdown in U.S. Housing Market Is Helping Landlords Raise Rents – Bloomberg, May 16th

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