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Palm Beach County launches coronavirus rental assistance program
Renters who have taken a financial hit because of the novel coronavirus have a new source of help. Palm Beach County’s Community Services Department on June 5 launched the Coronavirus Aid, Relief, and Economic Security (CARES) Act Coronavirus Relief Fund Rent and Utilities Assistance Program. The fund offers one-time rental and/or utility help for eligible…
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Gov. DeSantis extends moratorium on evictions and foreclosures to July 1
From The Palm Beach Post: “Just four hours before a moratorium on evictions and foreclosures was set to expire early Tuesday morning, Florida Gov. Ron DeSantis extended the freeze late Monday, sparing countless unemployed workers from homelessness as the economic devastation caused by the coronavirus pandemic continues. “‘He just felt it was in the best…
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‘We’re in an Affordability Crisis’
Source: REALTOR Mag Realtor.com®’s chief economist warns that the nation is in a rental affordability crisis and that local leaders need to “wake up” and respond before matters turn even more dire. Read more…
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Should Millennials Rent or Buy?
Source: WPB Magazine Buying a home is 23% cheaper than renting nationwide for millennials and now is the best time to buy since 2012 when interest rates were a tad lower. But should millennials rent or buy, especially in West Palm Beach? Read more…
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U.S. Rental Housing Crisis Projected to Grow with Households Paying More than 50 Percent of Income on Rent Topping 13 Million by 2025
Source: Global Newswire COLUMBIA, Md., Sept. 21, 2015 (GLOBE NEWSWIRE) — The number of households spending more than 50 percent of their income on rent is expected to rise at least 11 percent from 11.8 million to 13.1 million by 2025, according to new research by Harvard University’s Joint Center for Housing Studies (JCHS) and…
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Average rentals top $1,200 in Broward, Palm Beach
Source: The Real Deal Average rental apartment rates increased in Broward and Palm Beach counties in the second quarter and may keep rising into next year. Read more…