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…
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…
How millennials could give the suburbs a much-needed makeover
The suburbs are home to the vast majority of Americans, including millennials priced out of cities.But the car-centrism and separation of homes and commercial hubs exacerbate the worst of suburbia.To make suburbs healthier and more sustainable, urban experts say they should look more like towns. Thanks for signing up! Access your favorite topics in a…
How the candidates running for Dianne Feinstein’s Senate seat say they’ll...
California voters are casting their ballots for a new US Senator.Housing affordability and homelessness are top issues for voters.Here's where the leading candidates for the Senate seat stand on housing and homelessness policy. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app California voters…
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…
The 10 big US cities with the worst ‘singles tax’ on...
The "singles tax" for solo renters has increased to an annual average of $7,110.New York City has the highest singles tax among major cities analyzed in a recent Zillow analysis.Zillow's Emily McDonald said the rental market is "normalizing," but affordability is an issue. Thanks for signing up! Access your favorite topics in a personalized feed…
A fight over sewage is preventing Long Island from solving its...
The people of Suffolk County, Long Island, need to start considering it. That’s because the county — which encompasses the eastern portion of the island, including the Hamptons — relies overwhelmingly on septic tanks and cesspools, rather than a public sewer system, and those outdated systems are contaminating its groundwater aquifers.And the sewer issue is also…
New Yorkers are flooding a government website to figure out if...
A New York State government website has seen an uptick in requests for rent histories.The Division of Homes and Community Renewal said "social media activity" has driven up its response time.TikToks encouraging New Yorkers to request their rent histories have gone viral. Thanks for signing up! Access your favorite topics in a personalized feed while you're on…
15 cities with plenty of rentals and high enough wages to...
It's a tough time to be a renter.A new Zillow and StreetEasy analysis finds that rental price growth is far outpacing wage growth in most big cities — and New Yorkers are particularly screwed. In New York City, rents increased seven times as fast as wages from 2022 to 2023. Similarly, renters in Boston, Cincinnati,…
