Fake listings on online platforms have been linked to millions in reported losses. The Federal Trade Commission (FTC) recently announced that consumers have reported nearly 65,000 rental scams…
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FTC Files Antitrust Suit Against Zillow and Redfin Over Multifamily Ad Agreement
Federal agency alleges $100 million deal unlawfully reduced competition in online rental listings market. The Federal Trade Commission (FTC) has recently filed an antitrust lawsuit against Zillow Group,…
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HUD Allocates Funding for Affordable Housing Project in Reno, Nevada
Supports 150 new affordable rentals to rehabilitated Silverado Manor. The Department of Housing and Urban Development (HUD) finalized a $37 million transaction with Reno, Nevada, this month, supporting…
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Treasury Offers $498 Million to Low-Income Housing Projects
The funding will provide long-term fixed-rate capital for large-scale construction. The Treasure Department announced $498 million in fixed-rate capital for housing in low-income urban, rural, and Native communities,…
Read MoreHUD Charges New Hampshire Landlord for Unlawfully Seeking Eviction
The property manager conducted a background check on long-term tenant after a fair housing complaint. The Department of Housing and Urban Development (HUD) has charged a New Hampshire…
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Labor Department Documents Mixed Inflation Cues in August Report
The department also released employment numbers, which missed projections. In its monthly inflation report released Wednesday, the Department of Labor found that the consumer price index increased 0.2…
Read MorePresident Proposes Plan to Curb Corporate Landlord Pricing
He urges Congress to support legislation to cap annual rate increases at 5 percent. This week, President Joe Biden proposed a legislative plan that would have to be…
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Treasury Secretary Expects Rent Costs to Go Down This Year
She says she regrets saying inflation was “transitory.” Secretary of the Treasury Janet Yellen shared this week that she believes rent prices will go down overall for the…
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Labor Department Reports Spike in Consumer and Housing Prices
Economists attribute increases to customary January surges. The Labor Department reported a spike in consumer prices in January, noting particular increases in food prices and rent prices. The…
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Legislation Introduced to Address Rent Price Fixing
Senator Wyden calls the software a “collusion… to charge above-market rent.” Senators Ron Wyden of Oregon, Amy Klobuchar of Minnesota, and Peter Welch of Vermont have introduced legislation…
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