Single-Family Rentals Over the Past Decade

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Journal, Market Studies, News Home / Daily Dose / Single-Family Rentals Over the Past Decade Sign up for DS News Daily Single-Family Rentals Over the Past Decade After the financial crisis hobbled the housing industry back in 2008, the number of rented abodes skyrocketed. Today, that number continues to climb, as more people opt—for one reason or another—to live the leasing lifestyle, according to the Terner Center for Housing Innovation at the University of California, Berkeley, which conducted a national survey of single-family renters to better weigh their experiences and motivations.Between 2006 and 2016, more than 3.8 million additional households became single-family renters, the center notes. By the time 2015 rolled around, nearly one in five single-family homes was occupied by a renter, and today, single-family rentals make up the fastest-growing portion of the housing market, the Terner Center says.To tease out the qualitative factors behind their choice to rent a home, the Terner Center analyzed why a growing number of renters are choosing to reside in single-family rental properties. What researchers found is this: the reason households often opt to rent is completely unrelated to the housing stock itself.Nearly two-thirds of respondents were already renters before relocating into their current digs—35.8 percent rented single-family homes while 30 percent had been living in multifamily units. Some 42.9 percent said they were renting because it was more affordable and convenient, offered more flexibility, and/or provided them access to a nicer neighborhood. Almost one in five survey takers said they had no desire to own a home in the future.Another data point: People rent single-family homes for their size and amenities (“private laundry,” no shared walls with neighbors, space for pets, etc.) and because of the benefits inherent to single-family neighborhoods. Only one out of 190 said they’d prefer to reside in a multifamily dwelling instead. Popularity notwithstanding, the American homeownership dream is still alive and well: 80 percent of single-family renters said they desire to purchase a place of their own within the next five years, the study says. Among those, almost one-third said their decision stems from a desire to shield themselves from rent increases and/or evictions. “The study illuminates that many of these renters are interested in homeownership, but the tightened credit box in the wake of the financial crisis has made it more difficult for renters—even among those with higher incomes—to qualify for a mortgage,” the study reports. “While there are numerous factors that have contributed to this tightening of lending standards, it is critical that policymakers working to revamp the housing finance system consider questions of access.” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Tagged with: Affordability Home Rental Market Homebuyers Rental Renters Single Family Rental Demand Propels Home Prices Upward 2 days ago Related Articles Affordability Home Rental Market Homebuyers Rental Renters Single Family Rental 2018-04-20 Alison Rich Alison Rich has a long-time tenure in the writing and editing realm, touting an impressive body of work that has been featured in local and national consumer and trade publications spanning industries and audiences. She has worked for DS News and MReport magazines—both in print and online—since they launched. Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Five Star’s Ed Delgado Criticizes Senate HUD Nomination Hold Next: Housing Optimism Resilient to Storms April 20, 2018 3,095 Views Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post About Author: Alison Rich Subscribelast_img read more

Local students win Americanism Essay Contest

first_imgClass I – Grade 3-4Winner – Sadie Silver (All Saints Catholic Academy)Honorable Mention – Luke Eckert, Logan Servodis, Kai Loiacono (All from All Saints)Class II – Grade 5-6Winner – Aidan Miklas (All Saints Catholic Academy)Honorable Mention – Ava De Joy, Michael Kim, Amanda Kastner (All from All Saints)Class III – Grade 7-8Winner – Frances Prekop (All Saints Catholic Academy)Honorable Mention – Julia Mickiewicz, Rocco Barone, Madelyn Martinez (All from All Saints)Class VI – Special Needs Winner – Dantae Rodriguez (Lincoln Community School) The F.A. Mackenzie Unit 165 American Legion Auxiliary, Bayonne, has announced the following names of the local students who have won awards for their annual Americanism Essay Contest.The Americanism Essay Contest was titled “How can we address and prevent veterans homelessness in our communities?” The winners are: 1 / 2  The winners from All Saints Catholic Academy  2 / 2  Dantae Rodriguez from Lincoln Community School ❮ ❯center_img ×  1 / 2  The winners from All Saints Catholic Academy  2 / 2  Dantae Rodriguez from Lincoln Community School ❮ ❯last_img read more

Egypt’s Record-making keeper El Hadary Apologises to Nation

first_imgHistory-making keeper Essam El Hadary has apologised to his nation for Egypt’s exit despite saving a penalty in their 2-1 loss to Saudi Arabia.El Hadary saved Fahad Al Muwallad’s first-half penalty but Salem Al Dawsari scored a winner for Saudi Arabia in stoppage time.At 45 years and 161 days, El Hadary is now the oldest World Cup player ever. “I apologise to the Egyptian people on my behalf, and for my colleagues, after the three defeats,” he said.“I’m proud of what I have achieved and this achievement is worthy of Egypt.“We tried and did not have luck – this is football.”In a thrilling final group game Egypt – appearing at their first World Cup finals for 28 years – took the lead thanks to Liverpool forward Mohamed Salah’s lob in the 22nd minute, their first World Cup goal from open play since 1934.But Salman Al Faraj scored a spot-kick for Saudi Arabia seconds before half-time, just five minutes after El Hadary had saved Al Muwallad’s effort, and Al Dawsari fired in the winner with seconds left to secure the Saudis’ first World Cup win since 1994.Egypt coach Hector Cuper says he hopes “everyone in Egypt is happy” that El Hadary beat the record of Colombia keeper Faryd Mondragon, who was 43 years and three days old when he appeared at Brazil 2014.“There is not much between our three goalkeepers but he was the right person to play today,” said Cuper.He also dismissed suggestions Salah could retire from international football because he is unhappy about being over-used for publicity purposes.“I don’t think that’s true. He really appreciates every opportunity he gets to play for the national team,” insisted the manager.Egypt finished bottom of Group A and failed to pick up a point, losing against Uruguay, Russia and Saudi Arabia.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more