Rental Real Estate Industry News – August 8, 2013
In this week’s apartment rental news, evidence of the rebound in the housing market is shown by an increase in the number of new realtors. San Diego residents are fighting disguised apartment buildings in their neighborhood, while some Florida apartment residents are seeking renter rights after a series of 18 break-ins in their apartment complex.
As the housing market recovers, a boom of new Realtors is popping up on the scene. According to the U.S. Bureau of Labor Statistics, as of June, 1.44 million worked in the real estate profession. That’s compared to 1.42 million people who worked in real estate in June 2012.
South Korean investors are moving billions of dollars into real estate in the US. Traditionally, turmoil in Asia, the Middle East and elsewhere prompts investors to buy properties and businesses in the U.S., Canada and Europe, which are typically perceived to be more stable and safe from major political unrest.
Dozens of Old Carlsbad residents are trying to block a company’s plan to subdivide a lot in their neighborhood and build houses there because the firm has a history of turning single-family homes into multiunit property rentals in violation of city zoning rules.
A Colorado apartment’s decision to prohibit guns creates an interesting dilemma, because it divides believers in liberty along property rights lines. Even so, the ability of one party in a contract to unilaterally and retroactively change any and all terms and conditions of an existing agreement should trouble all.
After 18 break-ins inside the Gregory Cove Apartments complex in just a matter of months, many people living there asking how they can keep their families safe and why it keeps happening. See what rights renters have after break-ins.