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January 25, 2023 at 8:38 AM. In the face of sky-high rents, ... Still, this increase is more than triple the 2.2% annual rent increase seen during the same month two years ago.
Many renters across the United States are struggling with significant hikes in rent prices. While an annual increase is usually expected at a reasonable rate, all bets are off in the current ...
Sep. 16—What renters across the state pay may be going up by 14.6% in 2023 under Oregon's renter cap law. "The allowable rent increase percentage for the 2023 calendar year is 14.6%," the Oregon ...
The Tenant Protection Act of 2019 caps annual rent increases at 5% plus regional inflation. [51] For example, had the bill been in effect in 2019, rent increases in Los Angeles would have been capped at 8.3%, and in San Francisco at 9%. [51] The increases are pegged to the rental rate as of March 15, 2019. [51]
Rent stabilization sets maximum rates for annual rent increases and, as with rent control, entitles tenants to receive required services from their landlords along with lease renewals. The rent guidelines board meets every year to determine how much the landlord can charge. Violations may cause a tenant's rent to be lowered. [4]
Eviction rates are rising across the nation, with filings up more than 50% than the pre-pandemic average in some cities, according to the Eviction Lab. At the same time, rents are soaring. Real ...
The consumer price index, for instance, showed a 0.8% increase in how much consumers were paying for rent from November to December, while Zillow found a 0.3% drop in asking prices over the same ...
WASHINGTON (AP) — President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords as he tries to show he's doing something about the high cost of housing ...
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