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.
Newsweek found properties that jacked up their prices during the California wildfires raising concerns of potential price gouging.
Zillow is introducing climate-risk estimates for home listings, which could impact home buyers' decisions and lead to increased construction of more resilient homes.
City officials are ramping up efforts to curb rent gouging following devastating firestorms that destroyed over 12000 homes displacing tens of thousands
How the study came about: The Rent Brigade is a new independent collective made up of tenant advocates, web programmers, housing researchers and ordinary Angelenos who say they naturally gravitated toward working together after posts about alleged rent gouging flooded social media in the days after the fires.
Prices are now 1.5% off their all-time high in July, but some economists say prospective home buyers and sellers shouldn’t expect home values to plunge — one reason behind the shift is the market typically slows in the fall and winter and prices are still above where they were a year ago.
California Atty. Gen. Rob Bonta announced charges against a La Cañada Flintridge real estate agent for allegedly raising the price of his rental by 38% after L.A.'s wildfires.
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
Our phones are blowing up from LA residents looking for rentals,” said agent Scott Grigg of Griggs's Group Powered by The Altman Brothers.
Sandra Garcia is among the flood victims who attended the one year anniversary commemoration held on the corner of Osborn and Cottonwood streets on Wednesday, Jan. 22, 2025, in San Diego, CA. (Nelvin C. Cepeda / The San Diego Union-Tribune)
New data from Zillow shows Austin is one of the few major U.S. cities where rent prices are falling. President Biden in 2022 announced Admiral Linda Fagan as the new commandant of the U.S. Coast Guard making her the first woman to lead a branch of the U.S. military. President Trump's administration has now fired Fagan.
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,