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Categories: Renting

Apartment Vacancies Hit Record Highs

Posted by: Prashant Gopal on July 08

You'd expect with job losses rising and so many Americans losing homes to foreclosure, rental buildings would be filling up with folks who can no longer afford to be homeowners....

Your apartment rent too high? Why not live in a closet.

Posted by: Prashant Gopal on June 11

I'm never going to complain about the size of my Manhattan apartment again. A man in Delray Beach, Fla. is renting out a closet above a restaurant for $150 a...

Tips for lowering your apartment rent Part II

Posted by: Prashant Gopal on April 22

I made an appearance on ABC News Now yesterday discussing how to negotiate with your landlord for a lower rent. I talked about some of the tips I mentioned here,...

Negotiating with your landlord for a lower rent

Posted by: Prashant Gopal on April 20

I wrote a story recently about apartment landlords trying to keep tenants from moving out by agreeing to lower rents. Some tenants, especially in New York City, have been able...

In Oakland, Las Vegas, and elsewhere, the monthly cost of homeownership has plummeted

Posted by: Peter Coy on April 14

Imagine this: In Oakland, Calif., the cost of homeownership relative to income has fallen 67% from its July 2007 peak. The ratio has fallen 59% in Sacramento and Las Vegas,...

Half of U.S. apartment buildings have dropped rents

Posted by: Prashant Gopal on April 10

My story today on the nation's rapidly declining apartment rents mentions that half of all apartment buildings reduced rents in the first quarter of this year, according to real estate...

One million houses have become rentals

Posted by: Prashant Gopal on July 09

With the housing market in the tank, demand for rental units is increasing. But it looks like the supply of apartments also is rising quickly despite little new apartment construction....

Small Apartment Contest

Posted by: Peter Coy on April 21

This bedroom is in a 546-square-foot junior 1-bedroom apartment in the Chelsea neighborhood of Manhattan. Its tenant calls it "Sarah's Modern Glam Palace." To see more glamorous small apartments,...

Twenty-Somethings Who Want Their Own Apartments

Posted by: Peter Coy on May 31

It's a gimmick, but a good gimmick. To publicize its website, is running a contest between three twenty-somethings who want to move out of their parents' homes. The Chicago-style...


BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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