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Housing Rights Initiative files massive discrimination case in Illinois

Housing Wire

The Housing Rights Initiative (HRI) is taking aim at 165 real estate agents, brokerage firms and landlords in its latest series of lawsuits filed in Chicago. This violates Illinois House Bill 2775, which makes it illegal for landlords, brokers and agents to discriminate against housing applicants who seek to use vouchers to pay their rent.

Landlords 418
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LA fires upend rental market as residents scramble for housing

Housing Wire

California law generally prohibits charging a price that exceeds, by more than 10%, the price a seller charged for an item before a state or local declaration of emergency, the alert stated. This law applies to those who sell food, emergency supplies, medical supplies, building materials, and gasoline.

Marketing 501
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Investors Embracing Expansion of Real Estate Portfolios 

Appraisal Buzz

RentRedi landlords intend to purchase real estate in 2025. The likelihood of acquiring new properties is highest among landlords in the Midwest and South (69% each), followed by those in the Northeast (68%). that falls short of the national average is landlords in the Western U.S. (52%). The only group in the Western U.S.

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Real estate investors say they’ll expand portfolios, make home improvements in 2025

Housing Wire

The findings indicate strong confidence in the rental housing market, with landlords prioritizing long-term growth and profitability despite economic and regulatory challenges. landlords plan to acquire new properties this year. But the West lags behind, with only 52% of landlords there planning to buy property this year.

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HUD Grants Millions to Help End Homelessness, Prevent Evictions

Appraisal Buzz

Every year, millions of people experience eviction, either through official court procedures or through evictions that take place outside of the law. However, the majority of renters lack access to legal aid that could enable them to defend against wrongful evictions or come to more amicable agreements with landlords.

Tenants 468
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Invitation Homes to pay $3.7 million in California rent-gouging case

Housing Wire

Invitation Homes , the nation’s largest single-family rental landlord, has reached a settlement to address accusations it violated California ‘s “rent gouging” laws, the state’s Attorney General Rob Bonta announced on Monday. The company will also take specific actions to ensure compliance with California law.

Tenants 476
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New California law to boost renters’ credit scores  

Housing Wire

The bill, which Governor Gavin Newsom signed into law last year, requires landlords to offer tenants the option to have their on-time rent payments reported to credit bureaus. The new law aims to fix this by recognizing rent payments as a valid sign of financial responsibility, much like paying a mortgage or car loan.

Law 252