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☆ 20 cities opening up for homebuyers as inventory grows and mortgage rates tumble
▼ + stars: | 2024-09-19 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But the tables are finally starting to turn as mortgage rates slide and inventory rises across US cities. Mortgage rates have fallen to the lowest levels since February 2023 as markets have priced in the Federal Reserve's long-awaited interest rate cuts, which finally arrived on Wednesday. pic.twitter.com/aAQvC80WPY — James Faris (@JamesFaris_) September 18, 2024Rising inventory is a big win for buyersHome inventory is also heading in the right direction. 20 cities where homes are much easier to findIn her note, Scibetta listed 20 major US cities where home inventory rose meaningfully from July 2023 to July 2024.

Persons: —, aAQvC80WPY — James Faris, Mackenzie, Zoocasa, Scibetta, Kendall Bonner, Sellers, Bonner, " Bonner Organizations: Service, Business, National Association of Realtors, eXp, NAR

Mike Kratky, 33, Leerink PartnersLeerink PartnersSector: Medical devices and technologyKratky's young career underwent a major shift in March 2020 — and it wasn't remote work. The Colgate University graduate thinks he's a better analyst for it because he now understands how readers of his research think. "The stock calls won't always go my way," Kratky said. All eight of the outperform-rated medtech stocks Leerink has covered since October have outperformed the S&P 500 and their industry index. The medtech industry is experiencing rapid change, particularly with the advent of GLP-1 drugs that treat obesity and diabetes.

Persons: Mike Kratky, Kratky, Leerink, He's, he's, Kratky's, — James Faris Organizations: Leerink Partners Leerink Partners, Nasdaq, Riley Securities, Colgate University, Tandem Diabetes Care Locations: Leerink

☆ 25 cities where rents are falling despite the biggest national increases in nearly two years
▼ + stars: | 2024-06-02 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

One-bedroom rent hadn't surged that fast since August 2022, while two-bedroom rent rose by the most in 20 months. May marked the second time in three months that monthly rent ticked higher, following flat price growth in April. An ominous omen for inflationFaster rent growth won't just affect tenants. Below are the 25 US cities where rent for a one-bedroom apartment declined from where it was in April, according to Zumper. Along with each are its month-over-month and year-over-year rent changes, average rent price, and national rent ranking among the nation's 100 biggest markets.

Persons: —, That's, 6hkPHpnbuq — James Faris, @JamesFaris_, Anthemos Georgiades Organizations: Service, Business, CPI, Consumer

☆ 28 cities where rent is in free fall this spring — and why renters in New York City have reason for optimism despite paying $4,280 for a one-bedroom apartment
▼ + stars: | 2024-04-26 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Median rent for one-bedroom apartments in the US declined again in April, according to @Zumper. AdvertisementLandlords aren't able to charge tenants more because apartment supply is surging across the nation at the highest rate in decades, according to Zumper. A flood of supply should keep rent growth in check for the remainder of the year and even into 2025, in Zumper's view. Below are the 28 US cities where rent for a one-bedroom apartment is cheaper than it was in March, according to Zumper. Along with each are its month-over-month and year-over-year rent changes, average rent price, and national rent ranking among the top 100 markets in the nation.

Persons: —, iM2zdLRQMA — James Faris, @JamesFaris_, Ivy Zelman, Anthemos Georgiades, Zumper Organizations: Service, Business, Federal Reserve, Apple, Big Apple Locations: New York City, York City

☆ 15 cities where apartments are getting cheaper while rent reaccelerates nationwide
▼ + stars: | 2024-03-27 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

However, as the chart below shows, one-bedroom apartments were 0.5% cheaper than they were last year while two-bedroom places were 0.8% more expensive. 15 cities where rent is decliningApartments across the country generally got more expensive in March, Zumper's report found, though there are some notable exceptions. Two-thirds of the top-100 US real estate markets had higher rent compared to last month while 19 cities were flat, Zumper researchers noted. However, more than a dozen metropolitan areas — many of which were in the Southwest or South regions — actually became cheaper to rent in. Along with each are its month-over-month and year-over-year rent changes, average rent price, and national rent ranking among the largest 100 cities in the US.

Persons: shouldn't, PqameYEcoP — James Faris, @JamesFaris_, it's, Anthemos Georgiades, there's, Zumper, Zumper's Organizations: Business, Zumper, CPI Locations: Realtor.com, Southwest

☆ Renters on a budget should look in these 27 cities where apartment prices are plunging
▼ + stars: | 2024-01-28 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

One-bedroom rent rose by less than 1% for the fifth-straight month after rising for 12 consecutive months starting in October 2021. Rent growth in the US is far from its pandemic peak, according to the January rent report from @Zumper. pic.twitter.com/3QhWPCyaUp — James Faris (@JamesFaris_) January 25, 2024Apartment prices have been driven down by surging supply, Zumper noted. Many renters are now enjoying perks that would've been unheard of during the pandemic, including waived security deposits and a free month of rent, Zumper found. Below are 27 metropolitan areas where the going rental rate for a one-bedroom apartment is at least 5% lower than it was last January, according to Zumper.

Persons: 3QhWPCyaUp — James Faris, @JamesFaris_, Zumper, Anthemos Georgiades Organizations: Business Locations: @Zumper

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