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...

Lon Horwedel | AnnArbor.com Ann Arbor’s Hidden Valley Club apartment complex is a local example of a $ 70 billion national real estate problem : Securitized commercial loans that are in default. A foreclosure notice on the 324-unit complex near Briarwood was filed in late April, despite months of ongoing conversations initiated by the owner to modify the loan. The loan itself - which totals $18.1 million - is complicated, since it’s one among billions in real estate investments that were repackaged and sold to Wall Street investors during years of peak real estate prices . So are the circumstances behind the loan default, said Hidden Valley Club co- owner Jeff Starman . The most obvious is the drop in the property’s value as rental rates fell below levels to cover loan payments . Other factors include a national real estate climate in which banking consolidations after the lending crisis and the sheer volume of properties in securitized loans - known as Commercial Mortgage B...

DENVER – The rising cost of housing in Denver is prompting many renters to search for new opportunities in different cities. That’s according to the latest analysis from rental listing website ApartmentList , which asked its users if they were looking to relocate and why. Nationally, survey respondents said job opportunities were the biggest reason for moving to a new city or state, but in Denver, affordability was key. Sixty-seven percent of Denver renters surveyed said they wanted to relocate to a new city, with 48 percent citing affordability as the biggest reason for wanting to leave, according to ApartmentList. Twenty-two percent said job opportunities were taking them elsewhere. The next biggest reasons – safety and commute time – each accounted for just 6 percent of responses. Rents have been steadily climbing in Denver and the surrounding area. The median cost of a 2-bedroom apartment or house in Denver proper rose to $1,350 in July, up 2.7 percent compared to the same time ...