Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Rents plunge in Chicago, Honolulu, New York, Washington DC, and others, but surge in many markets. Across the US in August, the median asking rent for 1-bedroom apartments rose 2.2% from a year ago, to $1,209. For two-bedroom …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter A phenomenal onslaught of the wrong kind of supply. Crane-counters in the metropolitan area of Seattle have long had an exciting time as cranes keep popping up on new construction sites. Some are condo towers, others …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But many mid-tier markets are red-hot. In San Francisco, the most expensive major rental market in the US, the median asking rent in November for one-bedroom apartments, at $3,390, is up 1.8% year-over-year, but is down 7.6% …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Landlords are reading the memo, but it may be too late. Shares of Amazon multiplied by a factor of ten since 2009. Shares of Wal-Mart are flat over the past five years but are up 30% …