"I think that these funds, these investor groups are looking at a cultural move away from your garden apartment with elevators, swimming pools, tennis courts and common areas," Ellenburg said. "Homeownership is looking less desirable to some, particularly in the affordable arena, and they have a chance, for very close to the same price, to rent a three-bedroom, two-bath or a four-bedroom, three-bath home and are able to call it their own."
Find a HUD-approved housing counselor in your area online or call 1-800-569-4287 to find a local housing counseling agency Housing Counseling Agency: an organization with experts who provide advice on buying a home, renting, avoiding mortgage default (missing a payment) and foreclosure, and credit issues. . The counselor may be from a non-profit organization approved to offer advice on housing assistance.
The only operating expense for landlords is the landscaping. In addition, the rents for single family are growing fast at 4.5% annually now compared with 3% rent growth for multifamily apartments, according to John Burns Real Estate Consulting. There is also much less turnover in single-family rentals, and the rental market is much less volatile than the home sales market.
NYCHA and other City employees can participate in NYCHA’s automated payroll rent deduction program. Half of the monthly rent amount will be deducted from the first two paychecks of every month. Deductions can be higher than half of the monthly rent because deductions are half of the outstanding balance, not just the rent. If no deductions are being taken out, the development did not enter the employee into the system or his or her agency is not part of the program. To terminate payroll deductions, a termination form must be completed and submitted to your property management office. To sign up, please click this link: NYCHA Self-Service Login/Register.
*NO PURCHASE NECESSARY. VOID WHERE PROHIBITED. The VETERANS UNITED HOME LOANS AND REALTOR.COM® New Home for the Holidays $200k Veteran Homebuyer Giveaway sweepstakes starts 10/1/2018 (12:01p.m., Eastern Time) and ends 11/30/2018 (11:59a.m., Eastern Time). Open to qualifying U.S. military service members and U.S. military veterans who are domiciled in the U.S. and are at least the age of majority in their place of domicile, be it 18 or an older age. One entry per person per allowed method (maximum of 5 entries per person, total). Prize is US$200,000 for, or toward, the purchase of a home in the U.S., but may be subject to tax withholding. Prize awarded by random drawing. Odds of winning depend on number of eligible entries received. See Official Rules for how to enter, prize details, restrictions and other conditions and requirements. Sponsor: Mortgage Research Center, LLC, d/b/a Veterans United Home Loans, 1400 Veterans United Drive, Columbia, MO 65203.