Skip to main content

National Rent Average Down Very Slightly

Phil Hall
Feb 02, 2018
The Mortgage Bankers Association (MBA) is taking aim at a bill before the California legislature that would force a rent cap on property owners

The national trend of rent increases hit a tiny roadblock in the latest data report from ADOBO, which found February’s rent average down by a scant 0.2 percent, the first decline in rents since last August. The national median rent for one-bedrooms dropped from $1,046 in January to $1,044 this month.
Despite the miniscule national decline, some markets saw more significant rent decreases. Syracuse, N.Y., had the largest rent drop in the country, with rents falling nearly 11 percent, while Santa Ana, Calif., saw a 9.1 percent slide. The one-bedroom rent increases throughout January were on the smallish side, with St. Paul, Minn., up 8.9 percent while St. Petersburg, Fla., and Houston, followed at around six percent.
Once again, San Francisco and New York City were the two most expensive cities for renters, with the Bay Area metro recording $3,293 for the median rent on a one-bedroom unit and the Big Apple following at $2,788.

Feb 02, 2018
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021