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.
A new study by a tenant advocacy group shows a major increase in rent prices across the Los Angeles area during Southern California’s recent wildfires despite laws preventing price gouging
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.
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,
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.
A small army of activists has mobilized to try to hold landlords accountable for price gouging on their rental listings after the Los Angeles wildfires.
Unfortunately, your obligation to pay your mortgage lender doesn’t necessarily hinge on whether your home is still standing.
Fueled by powerful winds and dry conditions, a series of ferocious wildfires erupted the second week of January and roared across the Los Angeles area.
The L.A. City Council sent a package of tenant protections back to committee, including a proposal for a one-year freeze on rent increases.
L.A. homeowners lost one-of-a-kind pieces, family heirlooms and other priceless items to the recent wildfires.
Some landlords are hiking prices beyond the 10% the law allows. Some listings have increased thousands of dollars a month.
The City Council will consider a package of tenant protections — including the possibility of enacting a one-year freeze on increasing rent — with the aim of preventing evictions of residents who were displaced or impacted by the multiple fires that burned Los Angeles.