by Michael Communities all over the United States are being taken over by giant homeless encampments, but we are supposed to believe that this is perfectly normal. The Biden administration is trying very hard to convince all of us that …
by FarrisAT Sources: https://www.zillow.com/research/march-2023-rental-report-32399/ https://www.zumper.com/blog/rental-price-data/ https://www.apartmentlist.com/research/national-rent-data Asking rents climbed by $9, or 0.5%, from February to March, according to the latest reading of the Zillow Observed Rent Index (ZORI). That builds on February’s 0.3% increase, when monthly rent growth turned positive …
by scott_jr I’ve been saying that real estate is the next domino, and I think we’ll see more defaults / foreclosures in the coming weeks / months. From article: Office vacancy now at 27.6 percent, according to CBRE. Rents have …
by Shaun Richards We are in the midst of a two day barrage of data on the UK economy. This morning we were presented with some better data on the inflation front. The Consumer Prices Index (CPI) rose by 10.1% …
by Shaun Richards We find ourselves in a situation that has not been seen for several decades. There is a link to yesterday’s topic which is the catastrophic mess out political class have made of out energy supply which contributes …
by confoundedinterest17 The US Producer Price Index (Final Demand) printed at a higher than expected 8.5% YoY, throwing cold water on the notion that inflation is “transitory.” A key US inflation measure due Thursday is set to return to a four-decade …
Rents in US touched the highest level since 1979 More rents surge and more wages have to increase.. which is a problem for the FED pic.twitter.com/buPjREyNqH — Alessio (@AlessioTMAD) September 20, 2022
by Shaun Richards Today has brought news on one of the main themes of my work. For newer readers the short version is that inflation is housing is under recorded meaning that we are worse off than we are told. …
by confoundedinterest17 The US economy is like the Stephen King story “Misery.” Except that it is Joe Biden breaking the legs of the consumer with his inflationary policies instead of Kathy Bates breaking James Caan’s legs to prevent him from leaving. …
RENT 😱👇 pic.twitter.com/kIrTYgseGy — Win Smart, CFA (@WinfieldSmart) July 14, 2022 REAL WAGES 📉 pic.twitter.com/IPc7BkeqwE — Win Smart, CFA (@WinfieldSmart) July 14, 2022
by Boo_Randy Rents are soaring and millions are homeless, yet the Fed is still fueling Housing Bubble 2.0 with its purchases of MBSs from its bankster cronies. https://www.bloomberg.com/news/articles/2022-07-13/rents-in-us-rise-at-fastest-pace-since-1986-buoying-inflation?sref=ibr3A0ff Rents rose in the US last month at the fastest pace since …
A new report from Redfin shows that nationally listed rents for available apartments rose 15% from a year ago. And the median listed rent for an available apartment rose above $2,000 a month for the first time. Rents are up more than …
by confoundedinterest17 US mortgage rates are up slightly this morning. Bankrate’s 30-year mortgage rate survey is up to 5.29%. The Biden Scorecard is still a bleak one (for non-elitists). Regular gasoline is UP 92% under Biden, Diesel fuel is UP 110%, …
by Boo_Randy Heckova job, “Zimbabwe Ben” Bernanke, Yellen the Felon, and Jerome Powell. Your ultra-easy monetary policies have turned shelter, a basic human need, into a speculative asset class & priced millions of lower-income people out of decent housing. https://www.foxbusiness.com/lifestyle/asking-rents-april-2022-austin-portland-south-florida …
George Gammon – Twitter, Released on 3/24/22 Rents increased 17%. Home prices increased 19%. Yet according to CPI housing increased 4.3% Still trust the government? pic.twitter.com/2bGdpGXShr — George Gammon (@GeorgeGammon) March 24, 2022
In the 50 largest U.S. metro areas, median rent rose an astounding 💣19.3% 💣from December 2020 to December 2021, according to a https://t.co/wXJ6ruWdLM analysis@CeciliaERouse @econjared46 @BrianDeeseNEC @drlisadcook @SBloomRaskin @steveliesman https://t.co/U55VVgvxvK — M/1_LP (@MI_Investments) February 21, 2022 Rents reach ‘insane’ levels …
BY JOHN RUBINO US headline inflation exceeded 7% in 2021. But rent increases put the Consumer Price Index to shame, soaring an average of 13.5%. And within that already-brutally-high average, there were some absolutely astounding outliers. Phoenix rents soared 25.3%, followed …
by confoundedinterest17 Call this a double whammy! Red-hot rents combined with a slowing economy. According to CoreLogic, single-family annual rent growth finished 2021 at a new record: 11.7% YoY for high tier rental properties and 10.4% YoY for low tier rental properties. …
by confoundedinterest17 The Marty Stuart/Travis Tritt song “This One’s Gonna Hurt You (For A Long, Long Time)” seems appropriate for the plight of the middle and lower income classes in the face of high inflation. How do you spell the combination of …
by confoundedinterest17 (Bloomberg) — The largest owner of U.S. rental houses isn’t seeing any let-up in demand, or in its ability to increase rents. Invitation Homes Inc., which owns more than 80,000 single-family rentals, raised prices by nearly 11% in the …
by confoundedinterest17 So much for the transitory inflation that The Federal Reserve keeps spouting on about. (Bloomberg) — The pace of rent increases is heating up in the U.S. Rent data for the past two months show no sign yet of the …
Owners’ equivalent rent of residences, which makes up almost a quarter of the consumer price index, rose 2.4% in July from a year earlier versus reality where rents on newly signed leases surged 17% in July when compared to …
by confoundedinterest17 Rents in the New York City metropolitan statistical area — which also encompasses northern New Jersey and Long Island — dropped in the 12 months through July for the first time since 1958, according to monthly data on consumer prices published …
by confoundedinterest17 Talk about government making wealth inequality worse. But The Federal Reserve, part of wealth inequality problem, apparently just can’t say no to worsening inequality. Median asking rent for housing (white line) in the US rose 22% since January 2020, the …
Wall St. For Main St., Released on 6/17/21 Rents for single-family homes just saw the largest gains in nearly 15 years https://www.cnbc.com/2021/06/15/rents… US house prices are being pushed up by pension funds that are outbidding middle class families and purchasing up …
by confoundedinterest17 According to Zumper, national rent growth has accelerated to nearly 5% for 2 bedroom units. And the expected change in rent over the next 12 months is 9.5%. On the homeownership side, the two month change in consumer home …
On Thursday, American Homes 4 Rent, which owns 54,000 houses, increased rents 11% on vacant properties in April, the company reported in a statement: … Continued to experience record demand with a Same-Home portfolio Average Occupied Days Percentage of 97.3% …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Home prices that rise faster than wages – as they have done for years now – are not a free lunch for the economy. And now there is no good way out (9 minutes). …
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 …
