Lumber prices triple, raising home prices by $36,000

Even with record-low interest rates, the American dream of owning a home is becoming further out of reach for a large portion of the population due to massive lumber price hikes. Lumber prices have tripled over the past 12 months, driving up the cost of the average new single-family home by $35,872, according to new…

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Houston Apartment Rents, Occupancy Up After Sluggish 2020

The story of 2020 was record home sales and a depressed apartment market. But in 2021, apartments seem to be coming back. To embed this piece of audio in your site, please use this code: <iframe src=”https://embed.hpm.io/397614/397612″ style=”height: 115px; width: 100%;”></iframe> After sliding during most of 2020, Houston apartment occupancy – and rents – are…

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Federal judge strikes down CDC eviction moratorium

BOSTON (AP) — A federal judge ruled Wednesday that the Centers for Disease Control and Prevention exceeded its authority when it imposed a federal eviction moratorium. The Justice Department said it would appeal the ruling from the U.S. District Court in Washington, D.C., meaning there won’t likely be any immediate impact on the ban, which…

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D-FW apartment rents are headed higher after a pause for COVID

Dallas-area apartment rents are rebounding after setbacks during the pandemic. Average North Texas apartment rent increases stalled in 2020 when the COVID-19 pandemic hit. Landlords increased the number of freebies used to attract renters. But with the economy opening up and migration to the area continuing, local rents are again headed higher. D-FW apartment rents…

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Texas Landlords Don’t Have To Disclose Flood Risk To Renters. A New Bill Would Change That

A neighborhood near Houston’s Addicks Reservoir flooded after heavy rains from Tropical Storm Harvey. Taken, Aug. 29, 2017. To embed this piece of audio in your site, please use this code: <iframe src=”https://embed.hpm.io/397288/397236″ style=”height: 115px; width: 100%;”></iframe> During a tour of a first-floor apartment in Cypress, Tracy Quach, a piano teacher looking for a home…

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Mom-And-Pop Landlords 'Helpless,' Hurt Under Eviction Moratoriums

ACROSS AMERICA — The sigh of relief heaved by millions of U.S. renters struggling with coronavirus-related job and income loss was almost audible when President Joe Biden, with the stroke of a pen, kept a roof over their heads on his first day in office. His executive order extended a federal eviction moratorium through the…

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Apartment residents and owners struggle with damage from big freeze

As Texans deal with days of freezing weather and power outages, apartment owners and residents have been particularly hard-hit. Social media posts show water cascading out of Dallas apartments flooded by broken pipes. In many cases, fire sprinkler systems in the ceilings froze, then burst to send torrents into living spaces. Lauren Jacob posted photos…

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Dallas-area renters are still ahead of U.S. in payments

Dallas renters continue to outpace the rest of the country when it comes to keeping up with monthly apartment payments. More than 87.5% of local renters have made their February rents so far, according to the latest data from Richardson-based RealPage. That compares with the nationwide figure of 79.2% of renters who had made their…

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Wall Street's favorite suburban housing bet is getting crowded

Wall Street’s zest for a corner of suburban real estate long left to small landlords is reaching new heights, attracting institutional investors, homebuilders and apartment managers during a pandemic that has ignited demand for larger homes. The pension manager for the Canadian Mounties is the latest investor in single-family rentals, joining JPMorgan Chase’s asset-management arm…

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