The most competitive markets this year share characteristics such as relative affordability and “supply that trails demand,” according to Zillow. Taking the top spot in the ranking is Buffalo, New York, followed by Indianapolis and Providence, Rhode Island.
Within the week since Los Angeles’s worst-ever disaster began, rent gouging has become a crisis on top of the crisis. It’s against the law to increase a rental price by more than 10 percent once a state of emergency has been declared;
Because California is in a state of emergency, laws targeting price-gouging, including a ban on landlords raising rents by more than 10 percent of pre-emergency levels, should be in effect. But that hasn't deterred some landlords from apparently raising their rents by far more than that,
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
Tenant advocacy groups, landlord associations and elected officials are condemning rent gouging after tens of thousands of people were displaced in deadly fires this month.
Landlords and real estate agencies are jacking up the rent on houses as demand outstrips supply in fire-torn LA.
The ongoing disaster will affect residents’ health, local industries, public budgets and the cost of housing for years to come.
Less than a month after the Los Angeles wildfires threatened to destroy it, Gwyneth Paltrow’s longtime home in Los Angeles’ Brentwood area has sold for $22 million. The home,
Rent prices across the Los Angeles region have skyrocketed just as thousands of people are scrambling to find lodging after the wildfires. The Washington Post, for example, analyzed listings via RentCast and found that rent has increased 20% overall in Los Angeles County since the fires began.
A Spanish-style home in Long Beach, a Mediterranean-style house in San Leandro and a Craftsman bungalow in Los Angeles.
Rent for single-family homes across Los Angeles County rose by almost 25 percent, and even more in certain areas, according to a Washington Post analysis.
The emergency law caps rents to a ‘fair market value’ determined by HUD, but the caps are so low that many high-end homeowners are delaying putting