Rents for New York’s most expensive apartments rose more than 5% in February, bringing the average price for a three-bedroom apartment to $1,068 a month, according to data released Wednesday by the state Housing Authority.In a statement, the Housing Authority said its rental market is “at a critical crossroads.”The agency, which oversees the city’s rental […]
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State of rent relief in India: Is it worth it?
The state of rent assistance has been reduced to just Rs. 4,300 per month from Rs. 7,600, a move that the state government says will reduce the burden of collecting the money on the poor.In August, the government also reduced the amount of rent that would be collected in every month from a maximum of […]
US rent increases set to accelerate next year
US rents will increase 7.5% next year, the biggest jump since December, as the economy grows faster than anticipated.The Bureau of Labor Statistics said Wednesday that rents for the median rent-controlled apartment increased 6.4% to $1,054, while for owner-occupied units, rents increased 2.4%.The average monthly rent for the second quarter of 2017 was $1.15, up […]
