About 2.5 million homes have been converted into rental units since 2007 as homeowners try to wait out the loss in value of their properties, according to a new study.
"There are three main causes behind the shift, said Cynthia Kroll, senior regional economist at the Fisher Center for Real Estate and Urban Economics at the Haas School of Business at the University of California, Berkeley.
Homeowners unable to keep up with monthly mortgage payments are renting out their homes or rooms in their homes to help cover costs, recently-built condominiums originally slated for sale are instead being converted into rental apartments and buyers of foreclosed properties are renting out the homes rather than selling them."
FULL STORY: Unable to Sell Their Houses, Millions of Homeowners are Turning Into Landlords
The ‘Lock-In Effect’ Keeping Home Prices High
Housing prices dropped slightly last year, but first-time and middle-income buyers found little price relief due to the “lock-in effect” of the historically low interest rates in effect for more than a decade prior to 2022.
Rent Control Approved for Montgomery County
The Montgomery County Council has approved a new law that sets limits on how much landlords can raise rents from year to year.
America’s Housing Shortage Is More Dire Than We Thought
How much housing does America need to reduce soaring prices? Potentially more than anyone has estimated.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
Test News Post 1
This is a summary
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
Test News Headline 46
Test for the image on the front page.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
EMC Planning Group, Inc.
Planetizen
Planetizen
Mpact (formerly Rail~Volution)
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research
NYU Wagner Graduate School of Public Service