Rentals
Local Ordinance Restricting Short-Term Rentals Survives Constitutional Challenge
A federal court in New Jersey upheld the constitutionality of a city ordinance that restricts private property owners’ use of residential properties as short-term rentals. www.nar.realtor – Vacation, Resort, and Second Homes
Wall Street is Loving Single Family Rentals
In 2010 it was viewed as a quick way to make a buck, but Wall Street’s investment in single-family rental housing soon became a distinct asset class and the pandemic has encouraged its expansion. While the inventory of available homes for sale has shrunk to historic lows, institutional investors are not only gobbling up existing […]
Court Upholds Denial of Short-Term Rentals
The Pennsylvania Supreme Court upheld the ruling that a local zoning ordinance clearly and unambiguously excluded purely transient uses of property. www.nar.realtor – Vacation, Resort, and Second Homes