Mary Louis, a Black woman, was awarded a whopping $2.2 million settlement in her lawsuit against SafeRent Solutions, a third-party service that provides resident screening and applicant risk scores to landlords and property managers, according to the company’s website
(LA Times) — Housing isn’t the investment it used to be. Or is it? Certainly if you bought at the peak of the housing boom — say, 2004 or 2005 — it isn’t. But most people who took the plunge more recently think it is. In fact, 85% of a sample of folks who bought […]
(Smart Money) — 1. “This building is in foreclosure.” In late 2009, Melody Thompson called her landlords to ask about the well-dressed picture-takers outside her four-bedroom Portland rental home. “Oh, we’re refinancing,” she remembers them telling her. Then in late April, a formal bank notification arrived in the mail, stating that the home was in […]
(AJC) — Joel Brady didn’t expect to find such a variety of high-end rental homes in metro Atlanta when he began looking for a residence inside the Perimeter. Currently renting a home in Alpharetta, Brady and his wife are among a growing group of ex-homeowners who aren’t interested in owning again right now. “We have […]
(Washington Post) — In 1904, brothers Guy and L.P. Steuart went into business together selling ice and coal from a mule-pulled cart. The two got into the real estate business in the 1920s and Steuart Investment has owned property between New York Avenue and L Street near Mount Vernon Square in Northwest D.C. ever since. […]
(Chicago Tribune) — Mayor Richard Daley angrily rebuked real estate groups that he said helped stop his plan to protect renters whose buildings are converted to condominiums. Daley’s renter protection proposal failed to get a vote Wednesday from the City Council, which sent the package back to committee for further consideration. Read More…
(AJC) — Kashira Martin always wanted a porch. She didn’t have one when she lived in Bankhead Courts, formerly one of Atlanta’s most notorious housing projects. Nor did she have one at her former apartment, where she would have welcomed a porch to get away from the mold inside. Now, she can sit for hours […]
(Washington Post) — Disputes between landlords and tenants are not uncommon in big cities with thousands of apartment and townhouse dwellers. But D.C. officials, landlords, tenants and housing experts agree: The battle between the owners and managers of the Dorchester House, an aging brick apartment building in Adams Morgan, and some of its nearly 400 […]
(New York Posted) — It is among the cheapest rents in all of New York City: a 750-square-foot one-bedroom apartment in Brooklyn for $63 a month. In other ways, however, it’s one of the most costly. Its inhabitants, Magnus Saethre, 97, and his live-in caregiver, Devron King, have been locked in a vicious battle with […]
(Crain’s) — For the first time in eight months, the August vacancy rate rose in Manhattan residential buildings rose, hitting 1.1% in what proved to be an unusually slow month, according to latest data by CitiHabitats. That figure is up from 0.88% in July. The monthly increase marks a major reversal in the local residential […]
(Chicago Tribune) — Renters and condominium buyers in Chicago would get more protection from developers under a plan unveiled Thursday by Mayor Richard Daley, who acknowledged that it comes too late to protect people who had problems during the real estate boom that preceded the recession. The proposal, which Daley will introduce at Wednesday’s City Council […]
(Chicago Sun Times) — Chicago renters displaced when their buildings are converted to condominiums would get one month’s rent toward relocation expenses and at least nine months’ notice, under reforms recommended Thursday and embraced by Mayor Daley. Daley said he would introduce an ordinance at Wednesday’s City Council meeting that would enact into law all […]