11 Stories

Accused Squatter Files Restraining Order Against Homeowner

California woman has apparently done this before

(Newser) - A California homeowner says a squatter has not only taken over her Fair Oaks home but has filed a restraining order against her, Fox40 reports. Sandra Forbes says the woman moved in about two months ago without meeting her or getting permission. And while the alleged interloper produced a lease... More »

SF's Rent Just Got Even More Ridiculous

Median price for a 1-bedroom unit reaches $3,620 per month

(Newser) - You think rent prices are bad in your area? You really shouldn't complain, unless you live in San Francisco. There, a one-bedroom apartment rents for a median price of $3,620 per month—up 13% since last year and $90 since last month—making San Francisco the most US... More »

Little Italy Museum Evicting 'Artifact': Grandma, 85

Adele Sarno to get the boot after 50 years in Little Italy

(Newser) - An 85-year-old Italian grandmother could soon be evicted from the Manhattan apartment she's called home for more than 50 years. After losing a five-year battle to keep her rent from spiking from $820 to $3,500 per month, Adele Sarno's Little Italy home will likely be taken over... More »

Dallas 'Burb Goes to Court in Fight to Ban Illegal Renters

Landlords who rent to aliens could face fees, disbarment

(Newser) - The small Dallas suburb of Farmers Branch has Arizona's recent immigration law looking downright liberal, and it's about to get its day in court. Farmers Branch has spent years and about $6 million in its effort to bar illegal immigrants from rental housing, reports the AP . And today,... More »

Rents Hit Record Highs, Vacancies at 10-Year Lows

People avoiding buying keeps demand high for rental properties

(Newser) - With would-be homebuyers continuing to sit on the sidelines, rental vacancies dropped to a 10-year low last quarter, driving up rental prices to record levels around the United States, reports the Wall Street Journal . Rental prices have reached record highs in 74 of 82 markets measured by real estate tracking... More »

Becoming a Nation of Renters Might Save Us

It might just fuel the 'next boom': Daniel Gross

(Newser) - Homeownership is down and renting is up, and that surely means bad news for the economy and people's finances, right? Wrong, argues Daniel Gross in the Wall Street Journal . In fact, it's a beautiful thing. "The new realities of our increasingly mobile economy make it more likely... More »

Great Time to Buy? This Renter Says No Thanks

Need for mobility trumps low prices: Justin Martin

(Newser) - Realtors scratching their heads at why more would-be homebuyers aren't jumping at record low mortgage rates will want to read Justin Martin's pro-renting essay in the Christian Science Monitor . In theory, he's the model potential buyer: He's a renter in his 30s with a good job... More »

Renters Feel the Landlord Love

In soft market, tenants offered flat-screen TVs, cash, reduced rent

(Newser) - Time was, the landlord's knock could inspire dread and bogus excuses. But as apartment vacancies soar, these days he's more likely to drop by to offer you a flat-screen TV, cash, or reduced rent if you re-up your lease. "Many companies are doing whatever they can to keep units... More »

Vacancy Rate Hits 23-Year High as Renters Fade

So now's the time to get that place in NYC

(Newser) - Apartment vacancies have hit a 23-year high, as rampant unemployment continues to drive down demand, according to a New York real-estate research firm. That’s brought rents down an average 2.7% compared to last year—and the 7.8% vacancy rate is expected to climb. “The experience was... More »

Foreclosure Crisis Stings Renters, Too

(Newser) - You probably don’t want to live in the Chandler, Ariz., housing complex known as Alante on the Islands, MSNBC reports. The development was once owned by a California company, but entered receivership when the overextended firm went under. Now maintenance is spotty, the pool has turned green, residents don’... More »

Fannie Mae: Tenants Can Stay

Fannie Mae won't evict tenants after foreclosures

(Newser) - Fannie Mae is offering to sign new leases with renters living in properties that have been foreclosed and are now owned by the the government-controlled mortgage company. The move brings relief to thousands of people caught in the mortgage crisis, but it turns the insitution into a huge national landlord... More »

11 Stories