New Data Finds Rents Are Going Down

Aug 01, 2017

The nationwide median one-bedroom rent price decreased between July and August, from $1,016 to $1,013, according to new data from ABODO.

The greatest decline in rents occurred for the second consecutive month in Glendale, Ariz., which saw a 10.7 percent drop in August over July’s one-bedroom rents, to $744. New Orleans experienced the greatest rent hike, with an 8.6 percent upswing that resulted in an average of $1,500 for a one-bedroom rental unit.

San Francisco and New York each saw rent declines, but the resulting prices ensured that they were the nation’s most expensive rental markets: $3,210 for a one-bedroom unit in San Francisco, down 0.9 percent from the previous month, and $2,907 in New York, down 0.2 percent.

About the author

Phil Hall

Link copied

Published

Aug 01, 2017

Regulation and Compliance

No FHA-Insured Loans For Non-Permanent U.S. Residents

In March 26 letter, HUD states change is effective May 25, aligns with Trump Administration policies

In a policy shift announced today, non-permanent U.S. residents will no longer be eligible for mortgages insured by the Federal Housing Administration (FHA), part of the U.S. Department of Housing and Urban Development (HUD). The change, detailed in a March 26 letter HUD...

Regulation and Compliance

GSEs Ordered To Terminate Special Purpose Credit Programs

Fannie Mae’s and Freddie Mac’s current support for such SPCP programs is ‘inappropriate,’ FHFA has determined

In a directive issued March 25, Decision No. 2025-145, Federal Housing Finance Agency (FHFA) Director Bill Pulte ordered Fannie Mae and Freddie Mac to terminate “Special Purpose Credit Programs,” or SPCPs, that they support. The directive describes such programs as those ...