Envy Apartment

Rents in the Vallejo area, while the lowest in the Bay Area, are rising faster than in most other places, even as the number of renters increase, driving some people out of the area, a new study found. A firm called Apartment List conducted the study to try and get a handle on the challenges renters face , spokeswoman Sydney Bennet said. “In the Vallejo metro, the number of renter households has increased by 30 percent since 2005,” she said. “However, there was insufficient data and research into the challenges renters face . To address this, Apartment List set up its data science program in 2014.” That research leverages proprietary rental unit and survey data, she said. “We also invest significant resources into gathering and analyzing Census and other publicly available data,” she said. The resulting study found that the Vallejo area’s 5 percent year-over- year rent increases , leads the national and state averages. The median monthly rent for a two-bedroom unit in Vallejo t...

House-flipping hit its highest levels last year since before the recession as investors seek to capitalize on rising home prices and a seller’s market with tight inventory. But the process is nothing like what you see on TV, where it looks like a home can be bought, gutted, renovated and resold in less than an hour – not including commercial breaks . The truth is often much messier, real estate professionals in Charlotte said. “It’s a lot easier to lose money in this business than it is to make it,” said Jeff Johnson, owner of NewPath Properties , which specializes in buying and rehabbing distressed properties . Still, that’s not deterring people from giving it a try in Charlotte. First-quarter figures from Attom Data Solutions show flips – defined as the same property selling twice in a 12-month period same year – made up more than 6 percent of sales in the Charlotte region, or 540 sales. House-flipping increased almost 4 percent from a year ago, though it remains well below the cit...