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The rate of interest earned on security deposits typically changes each year. Currently [when?] this rate is set at .06% in the state of Connecticut. [4] The rate is .01% in Chicago, Illinois, but this rate is only payable on buildings with a certain occupancy threshold. [5] A landlord's deductions from a tenant's security deposit must be ...
In the United States the Census Bureau keeps track of vacancy rates. [1] In Canada Canada Mortgage and Housing Corporation measures vacancy rates of 25 metropolitan areas and for the 75 largest Metropolitan Statistical Areas (MSAs) across the country [2] and publishes the findings semi-annually in June and December. [3]
Iowa's farmland values climbed 3.7% this year over 2022 to average $11,835 per acre, an Iowa State University survey shows. It's the fifth year the statewide average has increased, the survey shows.
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The example above shows a big difference between 2.9% and 3.3% rates back in 2021. Here in the early days of 2023, 30-year mortgage rates are sitting around 6.3%.
Loans may also be used to repair existing housing for farm labor use. The loans are repayable in 33 years and bear an interest rate of 1%. Applicants, who own farms or who represent farm owners, must demonstrate that the farming operations have a need for farm labor housing and must agree to own and operate the property on a nonprofit basis.
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