For business owner Tracy Sung, flat-hunting in Hong Kong was complicated by two things – her pets and the intense competition in the rental market. Sung, who used to live in a 500 sq ft flat in Happy Valley, had to offer more than the landlord’s asking price to secure an 800 sq ft property…
Federal regulators are accusing online real estate firm Zillow of paying rival Redfin $100 million to discourage competition in home rental advertising, harming both renters and property managers. In a lawsuit filed Tuesday in the U.S. District Court for the Eastern District of Virginia, the Federal Trade Commission alleged the companies struck an “unlawful agreement…
If the challenge of scraping enough money to buy a home in the U.S. weren’t enough amid painfully high real estate prices, the cost of owning a home is also surging. The inflation-adjusted median monthly cost of homeownership in 2024 rose to $2,035, up neary 4% from $1,960 in 2023, according to new Census Bureau data….
As record-high home prices squeeze more Americans out of the housing market, rising rents across the country are proving equally daunting. Yet some cities offer decided advantages for renters when it comes to affordability and other benefits, a recent analysis finds. Drawing on Census and other data, RentCafe.com looked at 20 key metrics — from apartment quality…
Former Hong Kong leader Leung Chun-ying has challenged landlords to “adjust their mentality” over rental yields as he renewed his call for price cuts to stem a 40-year-high vacancy rate for commercial properties from rising further amid a slackening economy. Leung, now a top political adviser to the country, also warned that landlords would be…
With home prices near a record high and mortgage rates remaining elevated, renting a place to live around the U.S. is today considered a better alternative to buying. But here’s the catch: Rents are surging, too. Zillow calculates that renters need at least $80,000 in annual income to comfortably afford the typical apartment rental — up from…