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The new ordinance, starting in February 2024, will apply to LMU students living in off-campus housing not supported by LMU. Griff Yarmaloff | Loyolan The Los Angeles City Council recently voted to place a 4% cap on rent increases by landlords, starting in February 2024. Due to the freeze from …
Read More »A Canadian Mortgage Charter and the Home of the Week: Canadian real estate news for November 25
Open this photo in gallery: Home of the Week: 6999 Highway 3, Hunt’s Point, NSConcept Measures Here are The Globe and Mail’s top housing and real estate stories this week, with the lowest mortgage rates available in Canada today, commentary from our mortgage expert and one home worth a look. …
Read More »CT rental homes access hinges on boosting supply
From empty nesters and downsized retirees to young families and students, the supply of quality, affordable rental homes should be stable and strong enough for every budget. It is not. This year began with a strong push for greater access to rental housing in Connecticut, and we joined with advocates, …
Read More »Is portability the cure to the mortgage market’s woes?
The Federal Housing Finance Agency said it is not currently exploring the feasibility of portable mortgages, but the fringe idea — already present in Canada and the U.K. — is gaining traction among some housing market watchers as a solution to the so-called interest rate lock-in effect.Bloomberg News With mortgage …
Read More »What is the Canadian Mortgage Charter? Everything you need to know about the country’s new housing initiative
Open this photo in gallery: Canada’s Deputy Prime Minister and Minister of Finance Chrystia Freeland takes part in a press conference before delivering the fall economic update in Ottawa, on Nov. 21.BLAIR GABLE/Reuters The federal government announced measures on Tuesday to help Canadians who have been struggling to keep up …
Read More »Huge rise in rents in Cork, Limerick, Waterford, and Galway
Four cities outside of Dublin are now suffering most from soaring rental prices, new figures have revealed. Tenants in Cork, Limerick, Waterford, and Galway have faced rent rises of between 10.2% and 16.2% year-on-year, while rents have stabilised in the capital. Market experts are now remarking on the “noticeable difference …
Read More »Manhattan, Brooklyn rents see drop. Here’s how it compares to before the pandemic – NBC New York
Finally, a bit of good news for renters in New York City. A new report from Douglas Elliman found that rents in the city have dropped for a third straight month. But, don’t expect to find pre-pandemic prices anytime soon. “Prices are no longer rising like a rocket ship. We …
Read More »FHFA sets March deadline for community programs at Home Loan banks
By issuing guidance on establishing pilot programs to help the underserved just days after proposing reforms at the Home Loan banks, FHFA Director Sandra Thompson is signaling that the banks must make changes quickly.Al Drago/Bloomberg The Federal Housing Finance Agency is wasting no time in demanding changes at the Federal …
Read More »Edinburgh officially declares housing emergency as rent inflation soars
Scotland is taking steps to curb short-term holiday lets as many locals are priced out of a low-supply housing market. ADVERTISEMENT The city of Edinburgh has officially declared a housing emergency as it ramps up efforts to help thousands of people stuck in temporary accommodation while protecting overstretched tenants struggling …
Read More »CLE woman shares car repair shop nightmare; city pledges greater enforcement
CLEVELAND — Jessica Strong of Cleveland just wanted repairs to her 2019 Dodge Challenger after someone slammed into her car this past summer, but $5,000 dollars and four months later, she still doesn’t have her car. Cleveland’s Department of Building and Housing said the neighborhood home repair shop where Strong …
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