Colorado Attorney General Phil Weiser is joining a Justice Department antitrust lawsuit against real estate software company RealPage Inc., accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices in Colorado and elsewhere. The lawsuit, filed Friday alongside seven other attorneys general in states including North Carolina and California, alleges the … Read more
An Adams County judge has handed a small victory to former residents of a condemned apartment building in Aurora by ordering the property owners and managers to immediately find housing for the dozens of families displaced. District Court Judge Sarah Stout on Wednesday afternoon granted a temporary restraining order requested by Javier Hidalgo the previous … Read more
STEAMBOAT SPRINGS — His flip-flops obscured by shin-high hay, Jason Peasley stood in an empty field just west of town and gestured at a phantom community. “That’s where the fire station would’ve been,” he said, pointing to the base of a small hill. He turned around and nodded toward some barns, near the road that … Read more
A new report by Statistics Canada shows the country’s total number of short-term rental listings increased by more than 60 per cent between 2017 and 2023, while the number of short-term rental units that could be used as long-term housing grew by more than 80 per cent. The report identified more than 100,000 short-term rentals that … Read more
The Gold Coast in Queensland, Australia, has rapidly become one of the country’s most expensive rental markets, with escalating prices and limited housing options. As of early 2024, the area has surpassed Sydney, Melbourne, and Brisbane in rental costs. According to ABC News, the median rent in the Gold Coast stands at $850 per week … Read more
By Matt Egan | CNN The dream of homeownership feels out of reach for many American families. The vast majority (86%) of current renters in the United States say they would like to buy a home — but can’t afford one, according to a CNN poll conducted by SSRS released Monday. Among those same renters … Read more
President Joe Biden’s proposal this week to cap rent increases in larger apartment buildings across America has elevated an idea that’s long been embraced by progressive housing advocates in Colorado — but, in a split among Democrats, is opposed by Gov. Jared Polis. What’s more, at the local level, rent-stabilization policies are essentially illegal under … Read more
In Toronto, the rental market has escalated to unprecedented levels, highlighting a crisis that many find alarming. With average rent prices soaring to $2,444 for a one-bedroom apartment and $3,199 for a two-bedroom apartment, a minority of landlords have resorted to listing affordable yet highly questionable properties to attract tenants with limited resources. Toronto now … Read more
California’s largest insurer, State Farm, recently notified California’s Department of Insurance to allow them to hike home insurance rates for millions of residents, or they will drop coverage of many insured. The request comes amid the state’s ongoing insurance crisis as coverage costs increase. Several insurers, such as Allstate, Farmers Direct, and State Farm, have … Read more
The average asking rent in Canada reached $2,185 in June, up seven per cent compared with a year ago despite representing the slowest annual rate of growth in 13 months, according to a report by Urbanation and Rentals.ca. The slowed pace of price growth is a sign that supply and demand are rebalancing in the rental … Read more
