Rising Rents In 2014 Led By Small Cities

Jan 6, 2015

Average rents increased across the country by 3.6 percent in 2014, according to new data from the real estate research firm Reis, Inc. The average monthly lease rate is now $1,124.38, the highest number since Reis started collecting data in 1980.

It’s the fifth year in a row that rents have been on the rise, but this year rent increases affected residents in smaller and midsize cities, and not just the largest cities in the U.S.

Online rental brokers like Airbnb, VRBO and Flipkey in San Francisco may be finding some success renting to visitors on a nightly basis, but people concerned about a shrinking rental market have turned to legal action and protests.

In the city's North Beach neighborhood, for example, protesters recently gathered around a three-unit apartment with flats an online broker rents to vacationers. This used to be the rent-controlled home of elderly tenants until out-of-town investors bought the building and evicted the residents.

Marcie Sillman talks with real estate appraiser Richard Hagar about what's driving the increase in Seattle area rental prices.

Shh! Secret Tips For Finding Affordable Housing In Seattle

Jul 2, 2013

The average rent for a one bedroom apartment in Seattle is above $1,100, up almost six percent from 2012 according to online rental community Apartment Ratings. As rates continue to rise, finding affordable housing is getting harder and harder. Ross Reynolds chats with Tim Ellis, founder of local real estate news resource, the Seattle Bubble Blog, about where to find affordable housing in Seattle.

The Seattle City Council recently passed a new law requiring property inspections on tenant properties.  How will the new law affect you? 

Evan Loeffler is a real estate attorney whose practice emphasizes landlord-tenant relations. He explains the new law and answers your questions about tenants’ rights, landlords’ rights, and how to handle disputes.