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Homeownership rates reached 66% in the first quarter of 2023, which means about 34% of American households rent. While renters enjoy relatively maintenance-free living as their landlords shoulder ...
“The 30% income rule, where you spend no more than 30% of your income on rent, has been a long-standing guideline in the renting world,” said real estate investor Cam Dowski, CEO and founder ...
Despite some relief in recent months due to slowing rent growth and relative financial stability for many households, U.S. RTI stood at 30.2% at the end of the first half of 2023, Moody’s reported.
Short-term rental ( STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, [2] and are also offered by private owners and investors via online platforms such as Airbnb. [1]
Workforce housing is a term that is increasingly used by planners, government, and organizations concerned with housing policy or advocacy. It is gaining cachet with realtors, developers and lenders. Workforce housing can refer to any form of housing, including ownership of single or multi-family homes, as well as occupation of rental units.
Microapartment. A microapartment, also known as a microflat, is a one-room, self-contained living space, usually purpose built, designed to accommodate a sitting space, sleeping space, bathroom and kitchenette with 14–32 square metres (150–350 sq ft). [1] Unlike a traditional studio flat, residents may also have access to a communal kitchen ...
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