Single-Family Rental Demand ‘Through the Roof’

Kennith Bogan

NEW YORK – Lance Butler built a tidy gain when he marketed his 1,800-sq.-foot property in Nampa, Idaho, this 12 months.

“If I would have held out for yet another 3 months, I probably could have gotten a further $40,000 out of my property,” suggests Butler, who offered his $250,000 house for $410,000.

But that was not an option. Butler and his wife experienced just experienced their next boy or girl and the loved ones needed a lot more area. “Plus, my neighbor getting a ‘jackwagon,’ I wanted out of there, also,” he suggests with a chuckle.

But in its place of getting a bigger dwelling, the few decided to hire a new 2,000-square-foot solitary-family members dwelling for $2,100 a month in Burlingame, Idaho.

The pair benefited in two strategies: They stayed out of a frenzied authentic estate marketplace that drove up the benefit of their household by 64% in

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Federal contractor minimum wage to rise to $15 an hour

Kennith Bogan

Dive Quick:

  • The U.S. Section of Labor announced Monday a ultimate rule employing President Joe Biden’s govt get boosting the federal contractor minimum wage from $10.95 to $15 an hour. The closing rule retains the Jan. 30, 2022, deadline by which companies ought to include the new level into new agreement solicitations.
  • The requirements utilize to federal contractors that execute do the job in all 50 U.S. states as well as U.S. territories, Jessica Looman, acting administrator of DOL’s Wage and Hour Division, mentioned in the course of a media briefing Monday. It also ends the tip credit score as effectively as the subminimum wage provision for certain workers with disabilities.
  • The new level does not apply to qualified federal contracts entered into prior to Jan. 30, 2022, but will utilize to extensions of these kinds of contracts finalized just after the deadline. Starting Jan. 1, 2023, the minimum wage
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