by Dismal-Jellyfish Source: https://www.realtor.com/research/april-2023-rent/ In April 2023, the U.S. rental market experienced single-digit growth for the ninth month in a row after fifteen months of slowing from a high of 16.4% growth in January 2022. Median rent across the top …
NYC rental inflation hits fastest since 2005, per Bloomberg: pic.twitter.com/F4mTZkZrGx — unusual_whales (@unusual_whales) May 17, 2023 Atlanta FED median wage growth tracker Updated for April pic.twitter.com/hRJ65VgZXj — Alessio (@AlessioTMAD) May 17, 2023 Rising inflation is increasing anxiety among Americans. The …
by Martin Armstrong I reported how BlackRock is now the largest landlord in the US. Institutions have purchased hundreds of billions in real estate across the nation and have no plans to sell because rentals are a lucrative venture. Inventory is …
If you’re a renter, are you also feeling the pinch of rent prices right now? With mortgage rates soaring and forcing many would-be homebuyers to back out of the housing market over the past year, demand for rentals is at …
In an email on October 13, 2017, Cecilia Browning, the general manager of House of Sweden, an office complex in Washington, DC, emailed Hunter about a lease that Hunter and his Chinese business partners were trying to terminate, according to …
by CCJones56 My house has been on the market for months. Two weeks ago we had a possible buyer so we went looking for an apartment in the Sandy Springs/Alpharetta GA area temporarily until we can move to a different …
by Shaun Richards Today has brought an opportunity to look at another facet of the cost of living crisis. I often look at house price inflation but this time around it is those who rent that take centre stage. As …
Are you interested in investing in property and becoming a landlord? Owning property is one of the best ways to build a set-and-forget passive income. However, if you wish to sell a house with tenants already present, you could run …
A devastating eviction crisis is rapidly worsening all around the country, and it is threatening to push millions of families out of their homes this holiday season. Even though there was a brief pause in evictions after the moratorium ended …
by Martin Armstrong Demand for rentals in the US is increasing at an alarming pace. Single-family rentals rose 10.9% in October year-over-year, according to a report by CoreLogic. There are simply not enough rental properties available to meet demand. Vacancy …
by davefairtex Wolf used to be in the car biz. This is his wheelhouse. Fleet sales are generally not a positive sign. If retail demand were there, why on earth would you sell 100k cars at a big discount (dropping …
A Lancaster landlord is frustrated by a system that he said doesn’t protect him from tenants who don’t pay rent. h/t dr0id
NYC is Seizing Real Estate with Carbon Taxes!! (Insane New Law) NYC is pretty much dead at this point. Sad really h/t sseess
Real estate investing, property management, landlord activities, flipping houses and more has been a real struggle in California. However, now that the eviction moratorium has been extended again and this time for three months, not just thirty days, we can …
I had to rent a car in the Orlando area and they quoted me $140 a day. That’s without insurance or the extras! Has anyone else noticed these crazy prices? Two years ago, I paid $45 a day. …
With even Bank Of America predicting the US economy will face a period of hyperinflation due to a major spike in commodity prices, the prospect of a stagflationary blow up just as seen in the 70s is worrying economists that …
A plan to require residential rental property owners in Denver to be licensed and undergo inspections every four years or when ownership changes, is being met with criticisms from the industry, including one man whose family has been in the …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Where Apartment Rents Fell & Where They Surged: March Update In San Francisco, the most expensive major rental market in the US, the median asking rent in March for one-bedroom apartments jumped 8.8% from last year …
Boxes marked “provisional ballots” that were discovered in the back of an Avis rental car at the Fort Lauderdale Airport Sunday night contained blank ballots and other materials such as signs and parking cones, Broward County Elections Supervisor Brenda Snipes …
If you are considering investing in a rental property, you are certainly not alone. This is something that more and more people have gotten into over recent years, and for many it has helped to change their own lives and …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Construction boom, flood of new high-end apartments, not enough demand, rising vacancy rates, and the biggest concessions since the Great Recession. The Seattle metro has enjoyed strong job growth in recent years and soaring housing costs. …
by HauntingArmadillo5 EDIT: Alrighty, I’m wrong about depreciation. Depreciation is still a thing, still affects your personal income taxes, but I’m heading right back to google to correct my own information. Guys, I wrote this whole thing off the top of …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Asking rents spiral down in Chicago & Honolulu, come unglued in Washington DC, drift lower in New York City, but see double-digit surges in Southern California and many less expensive markets. Let’s start with Chicago and …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The ugly market-share battle in reimbursed ground transportation. Rideshare companies are shaking up the rental-car industry and the taxi industry in the US. In at least one segment that we can track – company-reimbursed ground transportation …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Chicago’s rents in free-fall, Washington DC’s suddenly plunge, New York’s fall to third place. But rents soar in Southern California and other parts. Bay Area and Seattle “mixed.” Four observations first: One, New York City’s median …
Blackstone Group, Cerberus Capital and others face a little problem. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Demand for rental housing in Spain may have hit a wall, so to speak, while supply remains more or less unchanged, according to a …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Besides that, rents are in free-fall in Chicago, decline in Seattle, plunge here, soar there, city by city. The peculiar phenomenon that had started last November is getting more and more peculiar. The momentum of median …
by dustin_slothman If you’re out of the loop, people are starting to dig for answers as to why there will be two or three sometimes four Mattress Firms across from one another at intersections. Someone raised the question of money laundering …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Since the Financial Crisis, the number of renters surged at a blistering pace, and renters became a majority in 42 cities, but the trend has now reversed. The number of people living in rented housing in …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But rents tank in the most expensive metros. Even Seattle cools off, awash in new supply. In New York City, the second most expensive major rental market in the US, the median asking rent for one-bedroom …