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☆ 16 cities where tenants can score significant rent savings as apartment prices stay high
▼ + stars: | 2024-10-31 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Here are 16 real-estate markets where renters can save big. That's virtually unchanged from September's rate of $1,533, though it's 1.9% higher than the median price from a year ago. Two-bedroom setups went for around $1,910 in the nation's 100 largest real-estate markets, only a few dollars lower than last month and 2.6% higher than in October 2023. 16 cities where rent is reasonableEven though rent is stubbornly high on the national level, there are several cities among the 100 biggest rental markets where apartments are increasingly affordable. Along with each city are its year-over-year and month-over-month rent changes and its median rent, the savings compared to the national median, and its rank among the 100 top US real-estate markets.

Persons: —, Zumper, that's, hasn't, Anthemos Georgiades Organizations: Service

☆ 14 cities with deals on affordable apartments as rent slides alongside interest rates
▼ + stars: | 2024-09-27 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Apartment prices were slightly cheaper in September than in August as interest rates fell. AdvertisementRent inched lower in September as the unofficial moving season starts to wind down, but apartment prices are still near all-time highs. 14 affordable cities where rent is down meaningfullyNearly two-thirds of the nation's 100 biggest real-estate markets experienced either lower or flat rent in September, according to Zumper. However, only 14 cities have one-bedroom apartments that cost less than the national median of $1,533 and were at least 2% cheaper than last year. AdvertisementBelow are those 14 cities, along with their month-over-month and year-over-year rent changes, median rent prices, the monthly savings vs national median, and national rent ranking.

Persons: —, Zumper, It's, Anthemos Georgiades Organizations: Service, Federal Reserve

☆ 10 major US cities where rent is affordable and falling fast as national apartment prices reach record highs
▼ + stars: | 2024-09-01 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

"Strong renter retention alongside our growing national rent index underscores the robust demand present in the US market." AdvertisementThe best explanation is that apartment supply remains capped in those markets, Zumper noted. Of those, 28 also happen to have lower rents for one-bedroom apartments than the national median of $1,534. To help renters save, Business Insider narrowed that list down even further to 10 cities where one-bedroom units are cheaper than the national median and rent is down at least 5% year over year. Below are those 10 cities along with their year-over-year and month-over-month rent changes, median rent prices, the monthly savings vs national median, and the national rent rankings among the nation's 100 largest real-estate markets.

Persons: —, Zumper, they've, Anthemos Georgiades Organizations: Service, Business, Syracuse University, Yale University, University of Kentucky, University of Wisconsin, University of Nebraska Locations: Syracuse , New York, New Haven , Connecticut, Lexington , Kentucky, Madison , Wisconsin, Lincoln , Nebraska, Madison, Lincoln, North Carolina, Texas

☆ Rent is falling fastest in these 20 cities, thanks to surging apartment supply
▼ + stars: | 2024-07-31 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Median one-bedroom apartment prices rose at the fastest rate in 12 months in July, according to a new report from real-estate site Zumper. 20 cities where rent is receding fastestApartment dwellers looking for lower rent should start their search in the South. Five of the 20 US real-estate markets where one-bedroom apartment prices fell by at least 5% in July were in Texas, and 11 others were in the South or Southwest regions. AdvertisementBelow are the 20 US markets where rent for a one-bedroom apartment fell at least 5% from July 2023, according to Zumper. Each is also listed along with its year-over-year and month-over-month rent changes, median rent price, and national rent ranking among the nation's 100 biggest markets.

Persons: —, Anthemos Georgiades Organizations: Service, Business, Lone Star Locations: Texas, South

☆ 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

☆ Bitcoin and ether drop as investors question the U.S. economy's strength: CNBC Crypto World
▼ + stars: | 2024-04-29 | by ( Jordan Smith | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin and ether drop as investors question the U.S. economy's strength: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Anthony Georgiades, general partner at Innovating Capital, discusses investor sentiment in the midst of uncertain U.S. economic data.

Persons: explainers, Anthony Georgiades Organizations: CNBC Crypto, CNBC, Innovating

☆ 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

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicroStrategy buys another 3,000 bitcoin, total holdings now worth about $10.3 billion: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Anthony Georgiades, the co-founder of Pastel Network, explains what's driving the recent crypto rally and breaks down VC trends.

Persons: explainers, Anthony Georgiades, what's Organizations: CNBC Crypto, CNBC

☆ Rent is unaffordable for over half of US tenants, but the cost is cooling
▼ + stars: | 2024-01-30 | by ( Anna Bahney | ) edition.cnn.com time to read: +5 min

The median asking rent was $1,713, which was down $4 from November and down $63 from the July 2022 peak. However, median rent is still $309 higher than the same time in 2019, before the pandemic. What’s more, 12 million of those renters are severely cost burdened, which means they are paying more than half of their income on housing. Following changes in housing needs during the pandemic and an already existing low supply of multifamily housing in some markets, rents surged in 2021 and 2022. Without continued new supply in addition to enhanced rental support, the Harvard report concludes affordability will remain a critical concern for many renters.

Persons: Chris Herbert, ”, Whitney Airgood, Douglas Elliman, Miller Samuel Real, “, Anthemos Georgiades, ” Georgiades Organizations: DC CNN, Harvard University’s, for Housing Studies, Harvard Joint Center for Housing Studies, Harvard, Census Bureau, Builders, National Association of Home Builders, Baby Boomers Locations: Washington, United States, Manhattan

☆ 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

☆ It's never been a smarter time to rent instead of buying a home — especially in these 32 US cities where landlords' asking prices are plummeting back to earth
▼ + stars: | 2023-11-29 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Buying a home has never been more expensive relative to renting, according to new research from online rental platform Zumper . Rent was up at the slowest year-over-year pace this month since December 2020, according to Zumper. 32 cities where rent is down meaningfullyFortunately for renters, declines in apartment asking prices are both significant and widespread. Below are the 32 cities where the median rent for a one-bedroom setup is at least 3% lower now than it was in 2022, according to Zumper. Along with each metropolitan area are its year-over-year and month-over-month rent changes, average rent price, and national rent ranking among the largest 100 US cities.

Persons: Zumper, Anthemos Georgiades Organizations: Business Locations: Sun

☆ A record number of Americans are shelling out one-third of their income on rent right now — but apartments in these 47 cities are getting increasingly affordable
▼ + stars: | 2023-09-28 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

The silver lining is that rent growth for a one-bedroom setup rose by just 0.5% year-over-year, which is by far the lowest rate in the last 12 months. 47 cities where rent is fallingFurther evidence that rent growth has cooled is found in Zumper's monthly list of the 100 largest US real estate markets. Only 43 of those cities saw rent rise from September 2022, while the remainder saw year-over-year growth either flatline or go negative. Below are 47 markets where the median rent for a one-bedroom apartment is more affordable now than it was in 2022, according to Zumper. Along with each location are its year-over-year and month-over-month rent changes, average rent price, and national rent ranking among the largest 100 US cities.

Persons: Zumper, would've, Georgiades, they're Organizations: Harvard

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFTX gets court approval to sell billions in crypto assets: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Anthony Georgiades of Pastel Network reacts to a bankruptcy judge allowing FTX to sell holdings in bitcoin, ether and Solana.

Persons: FTX, explainers, Anthony Georgiades Organizations: CNBC Crypto, CNBC Locations: Solana

☆ Rent growth nosedived again in August as tenants gain leverage over landlords — and apartments in these 42 cities are actually cheaper now than they were last year
▼ + stars: | 2023-08-31 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Rent growth is rapidly decelerating across the US after taking off during the pandemic. Lower rent growth means that the cost of an apartment is still climbing, just at a slower pace. Renting may be expensive, but considering how many are feeling about the economy, it's easy to see why so many are sticking to apartments — especially as rent growth steadily slides. 42 cities that are getting more affordableBelow are 42 real estate markets where median rent for a one-bedroom apartment is lower than it was in 2022, according to Zumper. Along with each city are its year-over-year and month-over-month rent changes, average rent price, and national rent ranking among the largest 100 US cities.

Persons: Price, Anthemos Georgiades, Georgiades

☆ Rent growth has plummeted to a two-year low as inflation continues to cool — and apartments in these 38 cities are getting more affordable fastest
▼ + stars: | 2023-07-30 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Here are 38 cities where rent is cheaper than it was last year, according to Zumper. ZumperLower rent growth comes as inflation falls from multi-decade-highs. While rent growth is modest compared to the double-digit rates of 2022, renters are contending with an affordability crisis, Zumper's researchers noted. That's a recipe for lower rent growth, but not a dramatic dip. Along with each city are its year-over-year and month-over-month rent changes, average rent price, and national rent ranking among the largest 100 US cities.

Persons: Anthemos Georgiades, Lofty, Georgiades

☆ Rent growth is finally stagnating, and these 33 cities have lower prices than last year — including trendy spots like Austin, Texas
▼ + stars: | 2023-07-01 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Here are 33 cities where rents are less than they were in June 2022, according to Zumper. That's a stark difference from May, where rent prices set a new record after rising from the prior month for the first time since December. For example, a $100 rent increase would be 10% of $1,000, but about 7% of $1,500. 33 markets where rent growth is droppingBelow are the 33 metro areas where rents for a one-bedroom apartment are lower than they were in 2022, according to Zumper. Along with each city are its year-over-year and month-over-month rent changes, average rent price, and national rent ranking among the largest 100 US cities.

Persons: It's, Zumper, Anthemos Georgiades

☆ Stubbornly high inflation is leading to record rent growth — but these 25 cities are more affordable than they were last year
▼ + stars: | 2023-05-28 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Here are 25 cities where rent is either lower or the same as in 2022, according to a new report. Rent growth in the US hit a record high in May after accelerating for the first time in five months, according to a recent report from online rental platform Zumper. Renters' reluctance to ditch their apartments for homes can be traced to lofty mortgage rates that have risen in response to stubbornly high inflation. A Friday report revealed that core PCE, which is a common proxy for price growth, came in hotter than the market expected in April. Along with each city is its year-over-year and month-over-month rent growth, average rent price, and national rent ranking among the largest 100 US cities.

☆ Rent continues to climb across the nation — but apartments in these 20 cities are actually getting more affordable
▼ + stars: | 2023-04-28 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Rent growth has been steadily declining since late 2022, according to a new report. Today, median rent growth is three times higher than that at 6%. There's another startling sign that the US rental market isn't yet back to normal: the US currently has more cities with double-digit rent growth than those with negative rent growth. 20 cities where rent is falling right nowFor renters feeling the squeeze of continued rent growth, Insider compiled a list of the 20 US cities where median rent for one-bedroom apartments declined over the last 12 months ending in April. Below are the 20 cities that saw year-over-year median rent declines in April 2022, along with the year-over-year and month-over-month rent changes, average rent prices, and national rent ranking among the largest 100 US cities for each.

☆ The wild swings in US rental prices are finally easing as apartment rents stabilize around $1,500, listing service says
▼ + stars: | 2023-04-27 | by ( Carla Mozée | ) www.businessinsider.com time to read: +4 min

The national median price for a one-bedroom apartment is $1,495 in April, flat month over month. For a two-bedroom place, the national median price of $1,842 was up by 0.5%. One-bedroom median rent over the last month was down in 39 of the top cities tracked by Zumper. The report also found the one-bedroom median price was up 6% year over year, lower than the double-digit increases throughout much of 2021 and 2022. New York City ranked first in a list of median prices for one-bedroom apartments at $3,570, followed by Jersey City, NJ, at $3,000.

Ben McMillan, chief investment officer at IDX Digital Assets, said the rising popularity of blockchain-based tools including decentralized exchanges and decentralized finance had also been an important development this year. "We could see bigger allocations to digital assets once risk appetite resumes in 2023." Bitcoin and other tokens took a hammering, slumping by over half in just 49 days from the end of May. On a single day in June, bitcoin fell over 15%, its worst day since March 2020 when COVID chaos roiled financial markets. Bitcoin fell by a quarter in less than four days as Bankman-Fried scrambled for funds to bail his exchange out.

☆ Bitcoin briefly tops $17,000, and SBF continues to speak publicly post-FTX collapse: CNBC Crypto World
▼ + stars: | 2022-11-30 | by ( Jordan Smith | Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin briefly tops $17,000, and SBF continues to speak publicly post-FTX collapse: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Anthony Georgiades, the co-founder of Pastel Network, discusses crypto market volatility and what to expect in 2023.

☆ Boston is now America's second most expensive city for renters
▼ + stars: | 2022-11-10 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

On top of that, new rentals that do become available skew toward the luxury market, pushing median rent prices even higher. One reason Boston is experiencing a spike in rental prices: there just aren't many homes available, Zumper reports. The median price for a one-bedroom rental in Boston jumped by nearly 6% in October to $3,060 per month. Move over San Francisco — Boston is now the second most expensive city for a one-bedroom rental, behind only New York City, according to Zumper's latest national rent report. And even though New York City still ranks as the most expensive city to rent a one-bedroom, median rent prices have fallen about 2% compared with September.

☆ Binance just bought FTX. Here's how rumors of insolvency and fears of contagion led Sam Bankman-Fried into a deal.
▼ + stars: | 2022-11-09 | by ( Phil Rosen | ) www.businessinsider.com time to read: +8 min

Here's the short of it: The once-top-dog crypto firm, FTX, helmed by 30-year-old billionaire Sam Bankman-Fried, is being bought by Binance amid significant liquidity issues and rumors of insolvency. But Binance CEO Changpeng "CZ" Zhao seemed to think saving a floundering FTX was worth the risk of any future downside. CoinDesk published a revealing report on November 2 about the crypto trading firm Alameda Research, another branch of Sam Bankman-Fried's empire. It turns out that the trading firm held billions of dollars' worth of FTX's native token, FTT. Anthony Georgiades, co-founder of blockchain company Pastel Network told me he doesn't think Binance is too concerned about making those investors whole again at this point.

☆ Binance is buying FTX amid 'significant' liquidity issues. Here's how billionaire Sam Bankman-Fried's exchange got here.
▼ + stars: | 2022-11-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Binance reached an agreement to purchase Sam Bankman-Fried's crypto exchange FTX on Tuesday. Here's what happened as FTX went from market heavyweight to being acquired by a rival. Balance sheets and billionairesBankman-Fried's empire is diverges in two branches: FTX, a cryptocurrency exchange, and Alameda Research, a crypto trading firm. The price of other cryptocurrencies including Solana's SOL, bitcoin, and ether dropped Tuesday as well, as worries seeped across the broader crypto market. "Binance is likely coming in and saying they will cover the liabilities for FTX, and then effectively have FTX hand over the rest of their assets."

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