Apartment Look

LOS ANGELES , Aug. 22, 2017 /PRNewswire/ -- The median rent for a one-bedroom apartment is $1,000 more expensive in San Francisco than it is in New York , a new study found. Personal finance website GOBankingRates examined 50 major cities across the U.S. to identify the cost of a one-bedroom apartment. In addition to median rent prices , the study analyzed key factors including the cost of basic utilities and each city's walkability score. GOBankingRates also identified the percentage of apartments for rent in each city with the following amenities: dishwashers, washer-dryers, pools, fitness centers, parking garages and pet-friendly policies.  For full study results and more details on methodology, visit: Here's What an Average Apartment Costs in 50 US Cities ...

The kids are not all right—or so the click-bait headlines would lead you to believe. There are countless stories about those flighty millennials who job-hop every year, are crazy-obsessed with their iPhone phablets and shell out too much on  Instagrammable avocado toast or kale smoothies to move out of their parents’ basements and ( gasp !) pay their own rent. There's more than a hint of truth to that last part. About 15% of 25- to 35-year-olds were still crashing with their folks in 2016, according to a  Pew Research study . And that leaves 85% either cramming into apartments with friends or living solo. The young-at- heart data team at realtor.com® decided to dig into these numbers. As it turns out, where millennials are living plays a big role in whether they   are   most likely to live alone, as opposed to with their folks. And there's a lot of variation across the country, we learned. Related Articles "We definitely see a larger percentage of millennials living at...

BOSTON (AP) — Massachusetts’ booming economy is bringing with it a downside for those looking to rent an apartment or buy a home in the state: soaring housing costs , particularly in the greater Boston area . The problem isn’t new, but it’s more acute in places where the economy has taken off, spurred by a surge in the life sciences sector and the arrival of top companies like General Electric to the state. That upward pressure is one reason why Beacon Hill leaders are continuing to look for ways to create new affordable housing units while preserving existing units . Gov. Charlie Baker this week announced $72 million in housing subsidy funds and additional state and federal tax credits to 25 projects across the state. The goal is to help create, refurbish and preserve 1, 970 housing units , including units reserved for low- income families and families making their way out of homelessness. Advertisement “Safe and affordable housing is a cornerstone to the success of our commo...

The Bay State’s booming economy is bringing with it a downside for those looking to rent an apartment or buy a home in the state: soaring housing costs , particularly in Greater Boston. The problem isn’t new, but it’s more acute in places where the economy has taken off, spurred by a surge in the life sciences sector and the arrival of top companies like General Electric. That upward pressure is one reason why Beacon Hill leaders are continuing to look for ways to create new affordable housing units while preserving existing units . Gov. Charlie Baker this week announced $72 million in housing subsidy funds and additional state and federal tax credits to 25 projects across the state. The goal is to help create, refurbish and preserve 1, 970 housing units , including units reserved for low- income families and families making their way out of homelessness. “Safe and affordable housing is a cornerstone to the success of our commonwealth’s families, including access to job opportu...

SEATTLE , Aug. 24, 2017 / / -- Home values are setting new records in about half of the country's largest metros, and the national median home value is now $4,100 more than it was in April 2007 , just before the market crashed , according to the July Zillow® Real Estate Market Report i . Home values in Denver , Dallas and San Jose have appreciated most beyond the previous record-highs set at the peak of the housing bubble in the mid-2000s. Homes in Denver are almost 60 percent more valuable now than during the bubble, increasing from a median home value of $235,900 in April 2006 to a current median home value of $371,100 . When the housing market crashed , home values plummeted and it has taken about 10 years for home values to reach new record highs. Strong labor markets and steady income growth have pushed up home values in the nation's hottest markets more quickly than in others. Among the 35 largest housing markets , 15 ii have higher median home values tha...

NEW YORK, Aug. 16, 2017 /PRNewswire/ -- Key facts: -- Rent growth far outpaced incomes in New York City. City-wide asking rents increased by 33 percent from 2010 to 2017, or 3.9 percent annually, while median wages grew at less than half that pace: 13 percent since 2010, or 1.8 percent annually. -- The lowest- priced rents increased the most. Homes with the lowest rents in NYC grew 4.9 percent annually, while the highest- price rentals grew just 3 percent per year. -- The lowest earners faced the smallest wage growth . Wages for NYC workers in the bottom fifth of earners saw the smallest annual increases since 2010, while wages for top- earning professions grew the most. Despite rents rising over the past year at their slowest pace since the end of the recession, rent growth in New York City has continued to outpace wage growth , increasing the financial burden on New York City renters . According to the latest StreetEasy rent affordability report (i), rent increases are outpac...

East Seventh Street ."> East Seventh Street ." /> A row of buildings on East Seventh Street . View Full Caption Landmarks Preservation Commission MANHATTAN —  Millennials, be forewarned before moving to the Big Apple: You'll need a roommate, you'll likely pay at least $1,000 a month, and don't bet on settling in Manhattan. Nearly 72 percent of Millennials shared their home with someone other than their partner in 2016, according to a report from New York City Comptroller Scott Stringer . And now is the time of year that many of these young New Yorkers are searching for new digs. The third week of August tends to the busiest single week for renters because of the flood of college students coming to New York and recent grads starting new jobs in September, according to the roommate- search app SpareRoom . The city’s streets around universities such as NYU, Columbia and Barnard will soon be cordoned off on Aug. 27 for the annual rite of “move-in day,” wh...

{Zillow} Great news? According to Zillow’s May 2017 Rental Market Overview , Skinker DeBaliviere has shown the largest increase of any St. Louis neighborhood in annual rents, a 12.9 percent gain. The only other neighborhoods where rents grew by more than 10 percent in the last year were Vandeventer (11.2 percent), and Tiffany (10.3). Notably, the increase in rents in our neighborhood was also higher than any town in the St. Louis Metro area , including towns in St. Charles County and Metro East in Illinois. People clearly want to live here, and we are on a roll. If you own rental properties in the neighborhood, this news might make you feel like breaking out the champagne. It also might give you some second thoughts about selling when you get those unsolicited letters from real estate operators asking to buy your home, as so many of us on my block seem to. If you own property in the neighborhood, then what’s not to like? {Zillow} Well, even if you like and will benefit from higher r...

Heather Smith says affordable housing isn 't always affordable. The single mother of two said when her $880-per-month rent in southeast Rochester jumped by $85 in the second year, it left her struggling to pay for rent and food, even though she has good job at Zumbro Valley Health Center . "Why am I not able to afford the basics I need to live?" she asked during Tuesday's community meeting held by CURE — Communities United for Rochester's Empowerment — a social action group affiliated with SEIU Healthcare. She said the unexpected increase on an already tight budget could have been unbearable without outside family support. "I got a 46-cent raise at work," she said, noting it didn't cover the rent increase, or her rising food costs . "How am I supposed to save for a house?" she said. Homeownership, said Zach Winter, doesn't necessarily solve the problem of a tight budget. He said he bought a house near Silver Lake, which ...