The Big Picture: This week, the media largely focused on rent trends - continued declines as new supply comes online - and rent control, which had notable developments this week in Boston, Mass. and Prince George's County, Md.
Industry Hot Topics
Topics that dominated the media landscape this week
Apartment rental prices have dropped in every major metropolitan region across the U.S. over the past seven months as the largest batch of new housing in almost 40 years hits markets across the country.
Landlords in Prince George’s County will no longer be able to raise rent more than 3 percent in a 12-month period under a bill championed by the incoming County Council’s liberal members.
Boston Mayor Michelle Wu’s rent control proposition reached the city council and residents of the city on Feb. 13 and was received with praise as well as criticism.
The US housing market faces a potential 19.5% correction, and more rate hikes from the central bank could make a crash even worse, warned in a Tuesday research report.
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