About 2.5 million homes have been converted into rental units since 2007 as homeowners try to wait out the loss in value of their properties, according to a new study.
"There are three main causes behind the shift, said Cynthia Kroll, senior regional economist at the Fisher Center for Real Estate and Urban Economics at the Haas School of Business at the University of California, Berkeley.
Homeowners unable to keep up with monthly mortgage payments are renting out their homes or rooms in their homes to help cover costs, recently-built condominiums originally slated for sale are instead being converted into rental apartments and buyers of foreclosed properties are renting out the homes rather than selling them."
Read the full story: Unable to Sell Their Houses, Millions of Homeowners are Turning Into Landlords
The ‘Lock-In Effect’ Keeping Home Prices High
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Rent Control Approved for Montgomery County
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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Desperate measures: Advocates weigh draining Lake Powell to fill Colorado River
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Los Angeles just elected an urban planner as its mayor
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Mamdani’s pied-à-terre tax survives legal challenge
A panel of judges found that the plaintiffs failed to demonstrate injury as a result of New York City's implementation of the tax.
Eastern Nebraska is running out of electricity
Data centers and electrification are straining eastern Nebraska’s grid, throttling economic development.
FREE Course: Walkable City 1: Why Walkability?
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Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
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City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
University of Michigan School for Environment and Sustainability (SEAS)
Hunter College, City University of New York (CUNY)
The Architects Foundation
City of Cambridge
Montrose County
The Pocatello Development Authority