If you're a renter in Arizona, you know it's been a difficult few years. Late last summer, a national report found the median rental price in Phoenix increased 46% over the previous year.
Attorneys Chris Welch and Mark Zinman discuss the City of Tucson’s newest law which makes “source of income” a protected class for fair housing purposes in the city. This means that a landlord cannot discriminate based upon where an applicant’s funds come from and all property owners must now participate in Section 8. While this sounds straightforward, there are a lot of nuances to this change, and it requires property owners in Tucson to change their screening criteria and application standards. Listen to the Zona Law attorneys discuss these issues.
Perhaps you’ve seen some of the headlines of late, talking about potential shifts in the rental market, and you’ve been wondering whether rents can continue moving up at the same pace that they have been.
The simple answer is no.
Current research is showing that the impacts of inflation are catching up with renters. Recent research shows the median rental rates across the nation show a decrease in rent growth.
This means that rental rates are no longer increasing up to 25% every year in some areas of the country, which was incredibly unsustainable. In fact, some renters are finding their rental rates have actually dropped as compared to a year ago.
But not to worry, as this shift doesn’t mean that multifamily is no longer a strong investment. In fact, if you take a look at the data, you’ll see that this shift is just taking us back to pre-pandemic levels, which is to be expected.
Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, may have his sights set on a strong housing market recovery. What Happened: With existing-home sales falling for the 12th consecutive month in January, Buffet’s recent purchase of 1.25 million shares of Louisiana-Pacific Corp (NYSE: LPX) suggests he believes the housing market has finally bottomed out. While housing inventory remains low, it has started to climb, indicating that buyers and builders are regaining confidence in
Real estate has long been considered a lucrative investment option for building wealth, and some of the world's wealthiest individuals are no strangers to this fact. In fact, three of the five richest people in the world are currently making unique plays in the real estate industry. From buying up vast swaths of land to investing in cutting-edge technology, these billionaires are setting themselves apart in a field that has been a cornerstone of wealth creation for centuries. Warren Buffett Lege
“These banks are badly run because everybody is focused on diversity and all of the woke issues and not concentrating on the one thing they should, which is, shareholder returns,” Marcu…
Historical mortgage rates fluctuate, particularly in uncertain and inflationary times. Learn more about historical mortgage rates from the 1970s to the present.
Elon Musk has sparked a new mission in the AI world - fighting "woke" bias.
He is reportedly building an alternative to ChatGPT, OpenAI's conversational A.I., and talking to researchers about forming his own research lab dedicated to this cause.
His opposition towards woke technology was made loud when he tweeted "...The danger of training AI to be 'woke' – in other words, lie–is deadly"...
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