rent
Slow Sticker Shock when looking at items over the last 4 years, what they cost in 2019 compared to 2024 will have you seeing double. CBS News is tracking the change in prices of everyday household expenses — from food at the grocery store to utilities and even rent — across the country. Drawing from […]
A report shows full-time childcare for 2 children cost 39% more than rent in 100 of the biggest cities in the U.S. according to Child Care America and Bureau of Labor Statistics. Rochester is the 9th highest in the country when comparing the cost of childcare versus Rent. According to the U.S. Department of Housing […]
A recent study highlights Rochester, NY, as having one of the largest disparities between rent and wage increases in the nation. From 2022 to 2023, Rochester saw a 5.73% rise in median rent, while wages only grew by 3.17%. This imbalance places Rochester fifth on the list of cities where rent outpaced wage growth the […]
Rents jumped 30.4% nationwide between 2019 and 2023, while wages during that same period rose 20.2%, according to a recent analysis from online real estate brokers Zillow and StreetEasy. The gap between wage growth and rent increases was widest in large cities, including Atlanta; Charlotte, North Carolina; and Miami, Phoenix and Tampa. Other cities where […]
According to a new study by researchers in the housing market. The City of Rochester outpaced the entire Northeast region of the country in rent for single-family homes. Rentometer said that Rochester has much fewer options for single-family homes compared to demand since buying a home has become out of reach for more middle-class and […]
People who make mortgage payments are reported by lenders to credit bureaus, landlords typically don’t report rental payments, and that can hamper renters’ ability to build a credit history. Fannie Mae plans to subsidize the cost for landlords of multifamily properties it finances to help renters build their credit starting Tuesday , the mortgage giant […]
State and local leaders unveiled the completion of a $30 million, 112-unit, affordable housing development on Rochester’s Inner Loop near East Avenue. The development will offer inclusive and affordable housing on East Avenue along the Inner Loop, consisting of a five-story, 112-unit, apartment building. Included are 35 units set aside for elderly residents and 20 units […]
With the rise of the cost of living sparked an off air discussion during the Wake Up Club about the idea of living with someone. I strongly expressed that I could not have a roommate or live with a significant other if we’re not married. The only thing that would even make me think about […]
Moving season is upon us, and New York State Attorney General Letitia James would like to remind landlords that they cannot raise the rent until one year later if they accepted and/or plan to accept funding from the state’s Emergency Rental Assistance Program (ERAP). AG James stated: “The rules are clear: Landlords who accept ERAP […]
After a temporary halt in November, New Yorkers now have the opportunity again to apply for pandemic rental aid and temporary protection from eviction under a state court order issued. In order to start this backup, Governor Hochul asked the federal government for as much as $1 billion in extra rental aid, but, the U.S. […]
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