Rental information site Zumper recently released their latest monthly National Rent Report for March, 2023. According to their data, rent for 1-bedroom apartments was $1,494 (up .02% from February) and the median two-bedroom rent was $1,833 (up 0.5% from February). Zumper says this uptick points to a larger trend of deceleration of price increases and […]
The National Association of Home Builders says single-family market share continues to shift away from large metro areas. Citing data from their recent Q4 Home Building Geography Index (HBGI), they say the largest growth in single-family market share came in rural markets (micro counties and non-metro micro counties), rising from 9.4% in Q4 2019 to
Single-Family Market Share Continues to Shift Away from Large Metros Read More »
What are the 25 places in America where $100k goes the farthest? The folks over at SmartAsset remind us that a $100k salary just isn’t what it used to be. With factors such as inflation and varying cost of living in different parts of the country, there are places that give you more bang for
We love posting about short-term rentals – especially when there’s some good news for the segment. Today’s infographic from Statista says Airbnb saw its bookings cut by more than 40% due to Covid 19. However, as they illustrate, Airbnb bounced back remarkably well in 2021 and 2022 with the number of nights and experiences booked
March, 2023 The number of jobs in February was 2.9 percent higher than last year, normally an indicator of strong economic growth, but the increase was 3.3 percent in January, 3.5 percent in December. The rate of improvement is slowing down, which probably means that we’re still counting pandemic recovery jobs as new jobs, and
Local Market Monitor’s National Economic Outlook for March ’23 Read More »
A recent report from the NAHB’s Eye on Housing says the market value of owner-occupied real estate decreased $0.07 trillion from $43.57 trillion in Q3 2022 to $43.50 trillion in Q4 2022. The Eye on Housing says as home prices begin to decrease from pandemic highs, households’ real estate asset value fell for the first
Value of Owner-Occupied Real Estate Falls for First Time Since 2012 Read More »
The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.4% in February, 2023. The all items index was up 6% for the 12 months ending in February. Interestingly, the BLS says The index for shelter was the largest contributor to the monthly all items
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Today’s infographic from the Visual Capitalist ranks the economic output of the top 15 U.S. cities from New York City to Minneapolis, using data from the U.S. Bureau of Economic Analysis. Interestingly, America’s metropolitan areas account for roughly 90% of U.S. economic output, however, they do point out that the economic center of gravity within
It might be a little apropos considering the developing banking crisis as we post this; a recent report from Bankrate.com says an uncertain economy is affecting how Americans are able to save for emergencies. In fact, they say that nearly half (49%) of Americans have less savings (39%) or no savings (10%) compared to a
A new report from Realtor.com says a decade of under-building in America has led to a shortfall of 6.5 million single-family homes in the U.S. To come up with their conclusions, Realtor.com looked at household formation, housing starts, and home sales. They found that given how many households were formed between 2012 and 2022 the