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The pandemic has had a dramatic effect on almost every aspect of the U.S. economy, including the price of rent. In many cases, rents have dropped, as landlords attempt to appeal to renters whose...
Rental value is the fair market value of property while rented out in a lease. More generally, it may be the consideration paid under the lease for the right to occupy, or the royalties or return received by a lessor ( landlord ) under a license to real property . [ 1 ]
Last week, the Centers for Disease Control and Prevention extended a pandemic-era protection policy for renters, making the new deadline for the eviction moratorium October 3. The eviction ban was...
The price of housing is also an important factor. The price elasticity of the demand for housing services in North America is estimated as negative 0.7 by Polinsky and Ellwood (1979), and as negative 0.9 by Maisel, Burnham, and Austin (1971). An individual household's housing demand can be modelled with standard utility/choice theory.
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