Single HENRYs are fleeing West Coast cities like San Francisco and...
Southern and Southwestern American cities have welcomed a growing number of new residents for decades. As manufacturing hubs in the Rustbelt contracted, many Midwesterners found their way south to warmer climates in relatively affordable cities and suburbs.But since the pandemic, a larger share of these new southerners are coming from West Coast cities with costly…
This chart shows how housing affordability has plunged across the US
US housing affordability has sharply eroded over the last several years. High interest rates and home prices, as well as rising insurance costs, have spread to every state in the country. Moody's strategists broke down the repercussions of unaffordability and illustrated it in the chart below. Loading Something is loading. Thanks for signing up! Access…
The top 5 cities around the world where even the rich...
Prime rents have been rising in major cities around the world as pandemic restrictions ease. Housing rents have risen 10.2% across 10 major cities around the world in the third quarter of 2022. xeni4ka/Getty Images Following the lifting of pandemic restrictions and border controls, housing rents gained 10.2% in 10 major cities around the world…
Rising Rents and High Mortgage Rates: Housing Costs Squeeze Budgets to...
This story is part of Priced Out, CNET's coverage of how real people are coping with the high cost of living in the US. When Billie McClure's landlords in southwest Colorado told her they were selling the apartment building in summer 2019, she had 45 days to pack up her family and find a new…
Rents are falling — it could help pull mortgage rates down...
Rent prices are dropping across the country as supply begins to outpace rental demand. Data from listing search site Zillow shows that US asking rents fell 0.4% month-over-month in November. Falling rents could help bring inflation down, leading to less mortgage interest rate hikes. Loading Something is loading. Thanks for signing up! Access your favorite…
Rents are starting to fall across the US — and they’re...
Some renters are already signing cheaper leases across the country, and they could drop further in 2023. As demand slows and the number of available apartments ramps up, prices are going down. Falling rents could help ease inflation and make a severe recession less likely. Loading Something is loading. Thanks for signing up! Access your…
High rents outpace federal disability payments, leaving many homeless
Margaret Davis (left) and Delisa Williams (right) became acquainted when they moved into the Salvation Army Center of Hope shelter, just outside Charlotte, N.C. Both women receive federal benefits, but the monthly amounts aren't high enough for them to be able to rent an apartment. Logan Cyrus for KHN hide caption toggle caption Logan Cyrus…
Welcome to the typical NYC apartment: It costs $4,000 a month...
Average rent in New York just hit a new all-time high of $4,000 per month. That's nearly all of the city's median pre-tax income. As affordability declines, a coalition of workers has launched a campaign to increase minimum wage. Loading Something is loading. Rents are rising faster than wages in New York — and that…
