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Homeowners locked into ultralow mortgage rates consider Airbnb rentals, but cities are cracking down

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Financial considerations (and interest rates) are a key reason why homeowners are choosing to rent rather than sell.

A majority of homeowners would consider renting out their current home rather than selling it in the current market.

The company released the survey in conjunction with the launch of a new tool on Realtor.com that allows users to see potential short-term rental income estimates from Airbnb ABNB, -0.47%. The new rule will likely eliminate many Airbnb listings in New York City. Airbnb filed a lawsuit against New York City in June, calling the rule a “de facto ban against short-term rentals in New York City,” per court documents. A judge dismissed the case in August.

 

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