Rental Price Update: Are Rentals Rates and Real Estate Prices "Crashing"?
By Mike Lautensack Friday, August 12, 2022
Please see our latest blog post and video where I discuss rental prices and real estate prices and if they are about to "Crash". You will be surprised that rental prices are still rising at double digit rate and real estate may be rolling over but not declining. &...
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Rental Price Update - Rents are 16.7% Nationally and 7.6% in Philadelphia
By Mike Lautensack Friday, May 20, 2022
Rents are up 16.7% nationally for April 2022The median rent is $1,827 nationallyPhiladelphia rents are up 7.6% over the last year - 1 bedroom are up 4.1% and 2 bedroom are up 6.1%There is no end in sight for rent increases as less and less people can afford to buy a hom...
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Rent prices in the Philadelphia region are up 10.5% year-to-year, according to Realtor.com’s November rental data. The overall median rent is $1,748. The median rent is $1,345 for a studio, $1,693 for a one-bedroom, and 1,995 for a two-bedroom. The data includes the e...
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Del Val's 2021 results... Rental Division• Collected $14,384,384 in rent (99.4% of gross rent charged) – this is during a pandemic with rent moratoriums for 9 months • Signed 240 leases • Renewed 387 leases • Pro...
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Zillow’s iBuying Failure: What are the Lesson Learned Every Real Estate Investors Needs to Know!
By Mike Lautensack Tuesday, November 23, 2021
Zillow iBuying Program FailureThis month real estate portal Zillow announced they would lay off 25% of the workforce and shut down their iBuying arm after taking millions in losses.LessonsReal Estate Prices - They had a hard time predicting prices – did not buy enough homes...
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