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St. Louis Real Estate Search

 

Where in St Louis Did Home Prices Increase and Decrease The Most in 2015?

The St Louis real estate and housing market saw a good year last year but, as we are frequently reminded, real estate is very “local” and prices, as well as market conditions, can vary widely even between cities or towns just a mile or two apart.  This is clearly illustrated when I look at a report our company produces, based upon home sales data, obtained directly from the St Louis REALTOR® MLS, that shows the median price per foot for homes sold (or currently for sale) throughout the St Louis area. I like price per square foot data as I believe that is one of the more accurate ways of seeing trends in home prices.  We compile this data and publish it live, and real-time, online, for each city in St Louis as well as zip code.

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St Louis Home Prices – Price Per Foot – Live Data Online – MLS Data – By City
St Louis Home Prices – Price Per Foot – Live Data Online – MLS Data – By Zip
Continue reading Where in St Louis Did Home Prices Increase and Decrease The Most in 2015?

The Truth About The Mortgage Interest Deduction

Before I begin, I should point out that what I’m about to tell you runs contrary to what the National Association of REALTORS® (NAR), the largest trade association in the country and one I belong to and support, will tell you.  The NAR position on the mortgage interest deduction (MID) is, quoting from their website, “the mortgage interest deduction (MID) is a remarkably effective tool that facilitates homeownership.”  Many St Louis REALTORS® will echo the message of NAR but I think if more people took the time to look into the MID, and do a little simple math, they would see that the mortgage interest deduction does not appear to offer any real benefit to the ordinary, typical homebuyer in St Louis.

What brought this to mind this morning was a friend of mine on Facebook (who is a loan officer for a St Louis mortgage company) posted a link to an article written  by an owner of a Chicago real estate company outlining the benefits of the MID and, while I think he did an excellent job of laying out the potential tax savings of deducting mortgage interest and property taxes on a home, I think he left out a key component, namely, the Standard Deduction.

Why the MID doesn’t help the normal home buyer in St Louis:

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Continue reading The Truth About The Mortgage Interest Deduction

Most Expensive Homes Sold in 2015 In Select St Louis Neighborhoods

Last year was a pretty good year for the St Louis real estate market with many areas of St Louis seeing an increase in the number of homes sold from the prior year and most of the St Louis area seeing home price appreciation.  Many neighborhoods in St Louis saw some new record high home prices so I thought I would take a look at some popular St Louis neighborhoods and the most expensive homes sold in them during 2015.

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Continue reading Most Expensive Homes Sold in 2015 In Select St Louis Neighborhoods

FEMA Announces Disaster Assistance Is Now Available to Missouri Flood and Storm Victims

Today, the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced that federal disaster assistance has been made available to residents of 33 counties in Missouri that suffered damage as the result of severe storms, tornadoes, straight-line winds, and flooding that occurred between December 23, 2015 and January 9, 2016.

Residents in the following counties are eligible for the assistance:

  • Barry, Barton, Camden, Cape Girardeau, Cole, Crawford, Franklin, Gasconade, Greene, Hickory, Jasper, Jefferson, Laclede, Lawrence, Lincoln, Maries, McDonald, Morgan, Newton, Osage, Phelps, Polk, Pulaski, Scott, St. Charles, St. Francois, St. Louis, Ste. Genevieve, Stone, Taney, Texas, Webster, and Wright counties.

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Continue reading FEMA Announces Disaster Assistance Is Now Available to Missouri Flood and Storm Victims

St Louis Real Estate Market Update VIDEO – January 2016

The St Louis real estate market performed well in 2015 and, by all indications, 2016 should be an even better year for the St Louis real estate market!

 

Our newly released, 5-minute, video market update below will give you a quick overview of St Louis home prices, where the sellers markets are, the buyers markets and much more!  If you are considering buying or selling a home, or are an investor or just a homeowner wanting to keep up on the market, you don’t want to miss this!

Whether you are thinking of buying or selling and would like me to look at your situation and your market to determine the best strategy, just call, or text me, at 314.332.1012 and I’ll be happy to help!

St Louis Home Price Trends By City/Municipality 
St Louis Home Price Trends By Zip Code
St Louis Sellers Markets

Thinking of selling and want to know if your neighborhood is a seller’s market? Contact us and we’ll  answer that question for you.

Continue reading St Louis Real Estate Market Update VIDEO – January 2016

Remembering Dr. Martin Luther King, Jr. and His Impact On Fair Housing

mlkToday, as we celebrate the life of Dr. Martin Luther King, Jr., I wanted to focus on the dramatic change  for the good that was brought about in the area of housing as a result of the efforts of Dr. King and the movement he started.

Through the efforts of the civil rights movement, Dr. King and others were able to get the attention of our nation resulting in President John F. Kennedy, in a nationally televised address on June 6, 1963, urging the nation to ” take action toward guaranteeing equal treatment of every American regardless of race.”  Shortly after his address to the nation, President Kennedy proposed that Congress consider civil rights legislation that would address rights in many areas such as voting, public accommodations, school desegregation but not housing at the time.  Even thought President Kennedy was assassinated on November 22, 1963, his efforts beforehand still resulted in the Civil Rights Act of 1964 when, then President, Lyndon Johnson, signed into law on July 2, 1964. Continue reading Remembering Dr. Martin Luther King, Jr. and His Impact On Fair Housing

St Louis Foreclosure Activity During 2015 Tops 2014 By Nearly Forty Percent

During 2015, a total of 10,391 housing units, or 1 out of 118 units, in the St Louis MSA had a foreclosure filing, according to a report just released by RealtyTrac.  This is an increase of 38.29% in foreclosure activity from 2014.

As the table below shows, Jefferson County had the highest rate of foreclosure in 2015 with 1 of every 114 housing units receiving a foreclosure action during the year and Warren County the lowest with just 1 of every 278 housing units receiving a foreclosure filing.

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Continue reading St Louis Foreclosure Activity During 2015 Tops 2014 By Nearly Forty Percent

Florissant City Council Passes Ordinance Increasing Landlord License Fees By Nearly 1500 Percent

Last night, the City Council for the City of Florissant passed bill number 9135 which, if approved by voters in April, will increase residential rental real estate license fees.  In addition to increasing the rental real estate license fee from $15.00 to $50.00, this ordinance also changes the calculation of the fee from a “per owner” fee to a “per unit” fee.  A memorandum from the Pubic Works Department distributed with the bill indicates that, under the current law, there were 1,475 rental licenses issued during 2015 generating a total of $22,125 in fees, and, under the proposed new law, there would be approximately 7,000 licenses issues (one per unit instead of one per owner) and would generate approximately $350,000 in fees, an increase of nearly 1,500 percent (1,482%)!

Subject to A Vote by “Qualified Voters”…

Proponents of this outrageously large fee, which will no doubt lead to increased rents for tenants, may defend the action by saying it is subject to a vote of “the people”.  Unfortunately, as the ordinance reads, it will be submitted to the “qualified voters of the city of Florissant” which will most likely, not include the majority of the people impacted by the tax, the landlords.  Given that, according to the latest census data, 73.4 percent of the residents of the city of Florissant are homeowners and homeowners will not be negatively impacted in any way by the tax (but will receive benefit in terms of the additional revenue to the city) they have very little reason NOT to approve the tax.  In addition to the people affected being the minority of the population (tenants and landlords) the majority of the landlords won’t even have a vote given they don’t live in the city of Florissant.

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Continue reading Florissant City Council Passes Ordinance Increasing Landlord License Fees By Nearly 1500 Percent

Judge Issues Temporary Restraining Order To Stop St Louis County From Implementing Rental Licensing Ordinance

Yesterday, St. Louis County Circuit Court Judge Gloria Reno granted a temporary restraining order against St Louis County to stop implementation of their recently adopted rental licensing ordinance.  This is a huge victory for landlords, and property owners in general, as the new ordinance, as I wrote about previously,  trampled property rights in many ways.

In response to the passage of the landlord licensing ordinance, the St Louis Association of REALTORS® file a lawsuit against St Louis County on December 29, 2015 in an effort to stop the legislation.

Hopefully, the temporary restraining order will be become a permanent injunction by the time the case comes to a close.

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If You Own A Home In One of These Neighborhoods NOW Is The Time to Sell!

Along with the end of 2015 came one of the busiest time periods for listings of homes for sale to expire.  To put it in perspective, during the last two weeks of December, there were almost 1,300 listings that expired within the St Louis five-county core market, more than double the number of listings that expired during the last two weeks of November.  While there is a logical reason that many sellers go off the market at year-end, such as the fact that, as the chart below shows, January is historically, and has been for the past 5 years as depicted, the worst month of the year for home sales and the month when homes sell for the lowest price of the year.   However, on the flip side of things, it can also be the time when there is less competition from other listings, making it easier to sell.

Sellers markets neighborhoods with low inventory of homes for sale:

There are currently 30 cities in the St Louis area that have less than a 3-month supply of homes for sale (based upon the last 30 days of home sales) making them markets that favor sellers.  The table below shows the top 14 sellers markets in St Louis, based upon inventory of homes for sale, all with just a 2 month or less supply of homes for sale.  If you live in one of these neighborhoods and have considered selling, now would be the time to take advantage of the low inventory and beat the “spring-sellers” to the market!  

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Continue reading If You Own A Home In One of These Neighborhoods NOW Is The Time to Sell!

Happy New Year!

Happy New Year! 

As 2015 comes to an end and we welcome everything 2016 has in store for us, we say goodbye to one of the better real estate markets St Louis has seen in a while but eagerly await what, by most indications, appears to be an even better year for St Louis real estate, 2016!

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St Louis Real Estate Market 2015 Recap and 2016 Outlook- Report and Video

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St Louis Real Estate Market 2015 Recap and Outlook for 2016

As 2015 quickly comes to an end, we close out what has been one of the better years for the St Louis real estate market in many years!  Homes in St Louis sold at a steady pace and St Louis home prices showed solid appreciation! We saw a spring market that brought home buyers racing to new listings often competing with other buyers to see who could make the best offer the quickest, often-times with the final sale price equaling or exceeding the asking price followed by a steady market throughout the summer and into the winter months.

Too much to read? No problem, watch the video below instead!

St Louis Real Estate Market – Recap for 2015:

While the year is not quite yet over, and there will be some additional sales closing in the 4 business days left in the year, I think there is enough data available to tell the story for this year.  With that in mind, below is a recap of the St Louis housing market for 2015:

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Continue reading St Louis Real Estate Market 2015 Recap and Outlook for 2016

St Louis Millennials Are Moving To The City and Their Parents Are Moving Out

I have the honor of serving as chairman of the St Louis Industry Forum which consists of leaders of professional and trade associations that are engaged in some aspect of the real estate industry in St Louis (such as REALTORS, Builders, Mortgage Lenders, Bankers, etc) and at our bi-monthly meetings millennial’s are often the topic of conversation with regard to this generations thoughts on home ownership vs. renting, where they want to live and other related matters.  It’s no surprise our industry would be so focused on the millennial generation since this group of teens to 30-something year-olds represents the largest generation (and group of future homeowners or tenants) we have seen.

In other articles I have addressed the issue of homeownership by the millennial generation so in this one I am instead going to look at where the millennials are moving.  I prepared the table below which shows all of the major counties in the MSA’s in Missouri, home affordability in those areas as well as the change in population with regard to the millennial generation as well as their parents generation, the baby boomers.

Millennials are heading to the city of St Louis…

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Chart Showing St Louis Home Prices Versus St Louis Rents
Continue reading St Louis Millennials Are Moving To The City and Their Parents Are Moving Out

Merry Christmas!

Wishing you and your family a very Merry and Blessed Christmas! 

manger-scene-christmas-

Photo by: John Pavelka

New Home Sales In Midwest Decline In November

New home sales in the U.S. in November rose 9.1 percent from a year ago, and increased 4.3 percent from the month before, according to a report just released by the U.S. Commerce Department.  In the midwest region however, new home sales slid in November, falling 8.6% to a seasonally-adjusted annual rate of 53,000 homes from 58,000 the month before and decreasing 10.2 percent from November 2014 when new home sales in the midwest were at an annual rate of 59,000 homes.

 

 

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Is It More Affordable To Buy Or Rent In St Louis?

When trying to decide whether to buy a home or condo instead of continuing to rent,  many would-be first-time home buyers compare the cost of buying a home or condo versus renting something similar.  Granted, there are other benefits that come with ownership (along with some additional responsibilities and risks, of course) including potential return on the investment, stability, etc but, if the first thing often considered is the cost of a house payment versus rent…if difference is too large and, therefore, the sacrifice to buy is too great, the consideration of buying often ends at that point.

Is it more affordable to rent or buy a home in the St Louis area?

RealtyTrac just released a report this morning analyzing the cost of buying a home versus renting a home throughout the United States and found that buying a home is still more affordable than renting of 58 percent of U.S. housing markets in spite of the fact that home prices are rising at a greater percentage than rents in 55 percent of the markets analyzed.

Here is St Louis, of the 5 main counties that make up our market, as the table below shows, it is actually more affordable to buy a home in 3 of the five counties:

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Where are the fastest selling neighborhoods in St Louis?

It’s no secret that home sales slow down this time of year but there are still plenty of neighborhoods where homes are selling quickly.  So where are homes selling the fastest in St Louis?  As the table below shows, the 63126 zip code area of St Louis county, which consists mainly of the Crestwood area, is where homes are currently selling the fastest at as of today, with active listings of homes for sale having been on the market an average of just 49 days.

Of the 10 fastest selling zip codes in the St Louis area, 7 of them are located within St Louis County, 2 within the city of St Louis and 1 in St Charles County.

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Seven Percent Of St Louis Home Mortgages Are Underwater

As of the end of the 3rd quarter this year, 7 percent of all St Louis homeowners with a mortgage were in a negative equity position meaning their current mortgage balance exceeds the current value of their home, according to a report just released by Corelogic.  In addition, another 4.6 percent of St Louis homeowners with a mortgage are in a near-negative equity position putting a total of 11.6 percent of St Louis homeowners with a mortgage in a position where it would be hard for them to consider selling their home, without bringing money to closing.

For the state of Missouri, the negative equity rates is 6.3 percent and nationally it is 8.1 percent.

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St Louis Real Estate Market Update VIDEO – December 2015

As 2015 quickly nears the end, the St Louis real estate market continues to perform well (no doubt fueled, in part, by the unusually warm weather we are having) with year-to-date home sales through the end of November up nearly 9 percent from the same time last year and St Louis home prices up almost 4 percent from the same time last year.

Is the market “shut-down” for the season?

One of the questions that comes up quite frequently this time of year, particularly by homeowners considering selling, or with recently expired listings, if it makes any sense to go back on the market now or just wait for the beginning of the near year or even spring.  Home buyers ask also whether now is a good time to buy a home.  While there is no one answer for these questions as every market and price range is different and buyers and sellers situations are different, in general this time of year can be good for both buyers and sellers.  

Why now can be good for home buyers…

It’s good for home buyers in the sense that, while there are fewer homes on the market to choose from, there is a lot less competition out there and, as statistics support, home prices do fall somewhat around this time of year and through the end of January.  

This time of year has some benefits for sellers as well…

From the sellers perspective, now can be a good time to sell due to the fact there is less competition and, while there are fewer buyers in the market, the ones that are there this time of year, tend to be serious buyers motivated to buy.  As I mentioned on the buyers side, prices are lower now than they will be in most markets come spring but, given the lower inventory, sellers will not have as much competition which way allow their homes to “show better” than they will when there is more competition in the spring.  With fewer homes to choose from at this time of year, buyers may settle for a home that falls a little short of all of what they would like it to have that, come spring, a home with those additional features may very well be on the market.

Whether you are thinking of buying or selling and would like me to look at your situation and your market to determine the best strategy, just call, or text me, at 314.332.1012 and I’ll be happy to help!

St Louis Home Price Trends By City/Municipality 
St Louis Home Price Trends By Zip Code
St Louis Sellers Markets

Thinking of selling and want to know if your neighborhood is a seller’s market? Contact us and we’ll  answer that question for you.

Continue reading St Louis Real Estate Market Update VIDEO – December 2015

St Louis Foreclosure Activity In November Increased Over 60 Percent From Year Ago

St Louis Foreclosure activity increased in November to 1 foreclosure activity on 1 of every 1,086 housing units in the St Louis MSA, a decrease of 8.06 percent from the month before but an increase of 62.59 percent from November 2014, according to a report just released by RealtyTrac.

 

St Louis 5-County Core Market…

As the table below shows, all of the 5 counties that make up the St Louis core market (St Louis city and the counties of St Louis, St Charles, Jefferson and Franklin), with the exception of Jefferson, saw a decline in foreclosures from October 2015.  However, like the St Louis metro area as a whole, they all had increased activity from the year before with three of the counties (St Louis city and St Louis and St Charles County) seeing a triple digit increase and Jefferson and Franklin double digit increases.

 

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Continue reading St Louis Foreclosure Activity In November Increased Over 60 Percent From Year Ago

St Louis Home Sales Cool Slightly In November

St Louis Home Sales cooled a little in November with 1,519 homes sold during the month (in the 5-county core market) down slightly from a year ago in November when there were 1,531 homes sold.  The median home price of homes sold last month in the 5 county market was $165,898, a decline from $170,000 the month before however an increase of 3.7 percent from a year ago when the median home price was $160,000.

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St Louis Metro Area Distressed Home Sales Share Of Market Drops By Nearly Half From Year Ago

Distressed home sales in St Louis during the month of October 2015 accounted for about 11.6 percent of all home sales during the month, a decline of about 50 percent from a year ago when St Louis distressed home sales accounted for 23 percent of the all home sales, according to the latest data just released by RealtyTrac.  Distressed home sales would include foreclosures,  REO’s (homes that have been foreclosed upon and now being sold by a bank or other lender) and short sales.

As the table below shows, the St Louis metro area saw a decline in all types of distressed home sales in October from the month before, however some of the counties in the area saw an increase such as the city of St Louis that saw distressed home sales increase from 20.9% in September 2015 to 25.3% in October.

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St Louis Homeownership Rate Hits Lowest Level In Over 10 Years

Homeownership in the U.S. is down 7.58% in the past 10 years, according to the latest information available from the U.S. Census Bureau.  The St Louis homeownership rate for the 3rd quarter of 2015 was the lowest rate for the 3rd quarter of any year in over 10 years.  In addition, as our table below showings, the 12 month rolling average St Louis homeownership rate at the end of the 3rd quarter was at 69.9%, the lowest rate in well over a decade.

10 Year Decline In Homeownership in St Louis Below National Rate:

Homeownership in St.Louis declined 5.9% in the 10 year period ending in the 3rd quarter of 2005, 22% less than the decline on a national level during the period of 7.58%.

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Happy Thanksgiving!

Thanksgiving Proclamation

By the President of the United States of America, a Proclamation.

Whereas it is the duty of all nations to acknowledge the providence of Almighty God, to obey His will, to be grateful for His benefits, and humbly to implore His protection and favor; and—Whereas both Houses of Congress have, by their joint committee, requested me “to recommend to the people of the United States a day of public thanksgiving and prayer, to be observed by acknowledging with grateful hearts the many and signal favors of Almighty God, especially by affording them an opportunity peaceably to establish a form of government for their safety and happiness:” Continue reading Happy Thanksgiving!

St Louis Real Estate Market Update VIDEO – November 2015

The St Louis real estate market continues to outperform last year, however, as we draw nearer and nearer winter, and the market slowdown that is inevitable, we are seeing home prices trending downward while the supply of homes for sale trends the other direction.  As of today, 4 of the 5 counties that make up the core St Louis market have a supply of homes for sale of less than 6 months, which is good, but it’s on the rise.

List now or in spring?

Ah, the $64 question that comes up, repeatedly this time of year, is whether you should list your home for sale now, as the market cools (pun intended) or wait until spring?  Well, the answer would take me a lot of space to answer in depth, but the short answer is a definite maybe :).  Seriously though, there are advantages to listing now, such as much less competition than in the spring market and buyers that, if they are looking for homes during the dead of winter, are usually serious.  However, spring brings with it higher prices and typically an abundance of buyers.  Like so many things in real estate, there is no one answer, and we would really have to look at your situation and your market to determine the best strategy and would be happy to, just call, or text me, at 314.332.1012 and I’ll be happy to help!

St Louis Home Price Trends By City/Municipality 
St Louis Home Price Trends By Zip Code
St Louis Sellers Markets

Thinking of selling and want to know if your neighborhood is a seller’s market? Contact us and we’ll  answer that question for you.

Continue reading St Louis Real Estate Market Update VIDEO – November 2015

St Louis County Tied For Top Missouri County For Affordable Homes And Good Elementary Schools

St Louis County has 6 Elementary Schools that have tested at least 50% higher on standardized tests than the average for the state of Missouri and are located in neighborhoods where home prices are affordable, according to a report just released by RealtyTrac.  According to the report, these 6 good elementary schools are surrounded by homes that with house payments that will take less than 30% of the families monthly wages to buy, making them very affordable.  In fact, for McKelvey Elementary, in Maryland Heights, the average family will need to spend less than 18% on a house payment to live near by.

The table below shows good schools in affordable neighborhoods throughout the state.  As you can see, Jackson County (Kansas City) tied St Louis county with 6 good elementary schools in affordable neighborhoods and St Charles County came in third with 4.

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Builders See Green in Building Green

Dodge Data & Analytics just released a report on “Green and Healthier Homes” in which it was revealed that many builders are seeing building green as a way to increase business and new home sales.  In fact, according to the report, 83 percent of homebuilders and remodelers believe consumers are willing to pay more for a healthier home.    This shows quite a change over the past decade as around 2005 I was developing quite a few residential properties and looked into the idea of adding some “green” features to some developments.  This led me to Denver to tour many green loft projects and to return to St Louis all fired up on going green on a loft development I was planning.  The problem is, as I dug into it and began researching the market and getting feedback on pricing, I found that while a high percentage of buyers said they would like to have the features, almost no one, said they were willing to pay anything extra to get it, much less the 5% or so we were projecting it would cost.  Changing times I guess…

Highlights from the report:

  • Nearly one third of home builders (31%) report that they are currently doing more than 60% of their projects green, and over half (51%) expect to be doing that level of green work by 2020.
  • Over three quarters (77%) of builders report that building green costs 5% or more than the cost to build a standard home, and an even high percentage of remodelers (83%) agree.

 

Home Loan Delinquencies Continue To Decline-May Lead To Easing Requirements

According to a report just released by TransUnion, the mortgage delinquency rate for borrowers that are 60 days or more delinquent, declined almost 30 percent during the 3rd quarter of 2015 from a year ago.  During the third quarter of this year, the mortgage delinquency rate was 2.40%, down from 3.36% during the third quarter of 2014.

Mortgage Delinquencies Down 65% From Peak

The current mortgage delinquency rate of 2.40% is down 65% from when the delinquency rate peaked at 6.94% in the 1st quarter of 2010 as a result of the housing market bubble bursting in 2008.

Millennials Pay Their House Payments!

According to the report, the age group with the lowest mortgage delinquency rate fell in the millennial category having a delinquency rate of just 1.62%.  Right behind the young borrowers were the old ones (well, relatively speaking) with the 60+ age group having the 2nd lowest delinquency rate with 1.77%.

Out with the bad in with the good…

Joe Mellman, vice president and mortgage business leader for TransUnion, attributes the mortgage delinquency improvement to a combination of factors including:

  • Continued “funneling” of delinquent accounts through he foreclosure process
  • Strong performance by recent borrowers
  • Improving home prices

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Foreclosure Activity Trending Upward In St Louis Metro Area But Not In St Charles

Foreclosure activity, after an extended downward trend, has trended upward lately in the St Louis metro area and October was no exception seeing an increase of over 13 percent (13.17%) in activity from the month before and, on a 12-month rolling average, an increase of almost 30 percent (29.85%) from a year ago, according to the latest data from RealtyTrac.

St Charles County bucks the trend…

The table below shows foreclosure activity for the 15 major counties that make up the St Louis MSA, 7 of which are in Missouri and the other 8 in Illinois and, as the table reveals, St Charles County is bucking the trend and, even though foreclosure activity there rose 14.85 percent from the month before, it was down over 80 percent from a year ago and the 12-month rolling average was down 18.48 percent from a year ago.

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Requiring Adult Supervision Of Children At An Apartment Pool-Fair Housing Violation?

Today most, if not all, landlords are aware of the Federal Fair Housing Act with regard to making various types of discrimination illegal when it comes to housing and, even if they don’t have a thorough understanding of all of the nuances of the act, at least have a basic understanding of it.  However, today, a lack of a thorough understanding of the law, as well as the risks associated with violating it, or even being accused of violating it, can be quite costly to a landlord.  Therefore, if you are considering becoming a landlord, or perhaps are already in the midst of building your real estate empire, spending time studying and understanding the Federal Fair Housing Act and how it applies to you would be time well spent and it would also be a great move to align yourself with a real estate professional with a good understanding of it that can help you navigate the regulatory waters a landlord must navigate today.

The Case of HUD vs Pebble Beach Apartments –

In July 2013 there was a fair housing violation complaint filed against the owner and manager of the Pebble Beach Apartments alleging they discriminated against a tenant based on familial status in violation of the Fair Housing Act.

The Allegations made by HUD after an investigation: (the numbering corresponds with the complaint itself)

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Continue reading Requiring Adult Supervision Of Children At An Apartment Pool-Fair Housing Violation?