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☆ Inside a high-tech parking garage where robots valet park your car
▼ + stars: | 2024-10-15 | by ( Ray Parisi | ) www.cnbc.com time to read: +7 min

Five bays equipped with self-serve kiosks provide entry and exit to the building's automated parking garage. Automated parking is a growing trend in high-end real estate where buildings from New York to Miami now come equipped with kiosks, car lifts and car-parking robots. One of five car lifts inside the automated parking system. The AGVs are essentially free roaming, self-charging, robo-parkers that use vision systems, lifts and lasers to precisely park and retrieve cars. An AGV prepares to park a Ferrari inside the Brickell House's automated parking system.

Persons: Ginger Monteleone, Monteleone, ParkPlus, Peter Manis, Manis, Billionaire Palmer Luckey, Luckey, Palmer Organizations: Brickell House, CNBC, Grand View Research, ParkPlus, Brickell, Ferrari, VR, Anduril Industries, Anduril Industries CNBC Locations: Miami, New York, Manhattan, North America, Brickell, ParkPlus Florida, Newport Beach , California

☆ 18 cities with reasonably priced homes that will be million-dollar markets in the next decade
▼ + stars: | 2024-10-15 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Home prices have soared in the last decade, so buyers get less for their money than they once did. Here are 18 markets with reasonably priced homes that are set for strong price growth. In fact, in some of the nation's competitive markets, $1 million is nothing more than the price of admission to home ownership. Below are 18 cities with homes that cost $633,150 or less in Q2 that are set to be million-dollar markets by the end of 2035, sorted by which will reach the $1 million threshold the fastest. Along with each reasonably priced real-estate market is its median home price and projections for the years ahead, as well as the home price growth rate from 2014 to 2024 that it's based on.

Persons: —, Zoocasa's Mackenzie Scibetta, Scibetta Organizations: Service, National Association of Realtors, Golden State, Business Locations: California, Los Angeles, San Francisco, Golden, San Jose, San Francisco's Bay

☆ Home prices are down as much as 12% in boomtowns in Florida, Texas, and other popular states
▼ + stars: | 2024-10-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Metros in Florida, Texas, and other states are seeing prices fall by as much as 12%, per Realtor.com. Miami, FloridaPedro Portal/Miami Herald/Tribune News Service via Getty ImagesMedian list price: $525,000Change from last year: -12.4%2. Orlando, FloridaSmithlandia Media/Getty ImagesMedian list price: $429,950Change from last year: -5.6%Advertisement9. Tampa, FloridaJohn Coletti/Getty ImagesMedian list price: $414,948Change from last year: -5.5%10. Nashville, TennesseeJohn Coletti/Getty ImagesMedian list price: $547,865Change from last year: -5.4%

Persons: —, Miami , Florida Pedro, Swapan Jha, San Francisco , California Nicholas Klein, Kansas City , Missouri Edwin Remsberg, Austin , Texas RYAN KYTE, Jacksonville , Florida Dan Reynolds, Tampa , Florida John Coletti, Nashville , Tennessee John Coletti Organizations: Metros, Service, metros, Miami Herald, Tribune, Getty, Kansas, Orlando , Florida Smithlandia Locations: Florida , Texas, Realtor.com, Florida, Texas, Miami , Florida, Cincinnati , Ohio, San Francisco , California, Kansas City , Missouri, Austin ,, Jacksonville , Florida, Denver , Colorado, Orlando , Florida, Tampa , Florida, Nashville , Tennessee

High risk of natural disaster and extreme heat For two decades, they’ve also been some of the most popular places to move as Americans have flocked to the South and West. Much of Vermont, which is not highlighted as high risk in the maps above, saw devastating flooding last year following a record-breaking storm. Jacksonville Tallahassee Gainesville Daytona Beach Orlando Tampa HIGH HURRICANE WIND RISK Sarasota The Tampa metro area has been one of the fastest growing in the country. Many of these new residents have settled in coastal communities that are at high risk for hurricanes. Dallas-Fort Worth sits in an area at high risk for serious thunderstorms, hailstorms and tornadoes.

☆ A record number of apartments are getting built this year. That's great news for real estate affordability.
▼ + stars: | 2024-09-28 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

The US will see construction completed on a record number of apartments this year. The Sun Belt region in particular is seeing this dynamic play out. The US will see construction on a record number of apartments completed this year. They're now seeing rent prices fall, or at least remain stagnant as the rest of the nation lags behind. That means the market will eventually balance itself in the next few years, which will lead rent prices to once again rise, she said.

Persons: —, Laurie Goodman, Goodman, Austin, Chen Zhao, Zhao Organizations: Service, Housing Finance, Center, Urban Institute, Sun, metros, Dallas, Harvard Locations: Dallas, New York, Austin

☆ Baby boomers have a ton of their wealth tied up in stocks and housing. Here's why that's a risk to the economy.
▼ + stars: | 2024-09-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Khurana thinks what has made boomers the wealthiest generation — stocks and housing — also makes them a risk to economic stability. AdvertisementSuch a scenario is an '"underappreciated risk," he said, given how much boomers' spending habits have fueled economic growth in recent years. The demographic spends around $548 billion a year, more than any other generation, according to a report from marketing research firm Epsilon. AdvertisementBroken down by each generation's holdings of property and stocks, boomers accounted for 42% of all real estate ownership and 54% of all corporate equity and mutual fund ownership. That's not to say boomers will cause the next recession, but the risk during a recession is dialed up under the current paradigm, Khurana said.

Persons: —, America's, Brij, Khurana, boomers, they've, John Hussman, That's Organizations: Service, Wellington Management, Business, McKinsey & Company, New York Fed, Epsilon, New, Boomers, Federal Reserve, Governors Boomers, Governors Locations: New, New York, Florida and Texas

The median house price in the U.S. is now 5.8 times more than the median annual income of $80,000. That was, after all, the median price for a house in the area at the time. Jonathan OchartThe median price of a home in Los Angeles county is just under $960,000, according to Zillow listings data. It's just not a level playing field," says Ochart about the income now needed to afford a home. In Grand Rapids, median home prices were on the rise before the pandemic and then soared 54% from 2020 to $285,000 in June 2024, according to Zillow sales data.

Persons: Kelcie Lesko, Tim Khalil, Lesko, Khalil, they'll, Gen Xers, What's, — there's, they're, Daryl Fairweather, Kelly Diehr, homebuyers, you'd, Diehr, Jonathan Ochart, Ochart, It's, Timothy Ham, Timothy Ham couldn't, Ham, you've, That's, boomer, it's, Lawrence Yun, Millennials, Ramit Sethi, Rich, Brad Klontz, homebuying Organizations: CNBC, Homes, LA, National Association of Realtors, NAR Locations: New Jersey, Monmouth County, North Brunswick, Lesko, homeownership, U.S, Denver, Brazil, Los Angeles and New York, San Antonio, Los Angeles, Antonio, Texas, LA, Boise , Idaho, Tacoma , Washington, Grand Rapids , Michigan, Grand Rapids, Kalamazoo

☆ Why these three states are the most consistent tipping point in American politics
▼ + stars: | 2024-09-17 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +21 min

Trump won the presidency in 2016 by stunning Democrat Hillary Clinton to win all three states by a combined margin of about 80,000 votes. But, as in other states, Democrats have been concerned about the risk of depressed turnout and some gains for Trump among Black voters in Philadelphia. Eight years later, the two states split again, when Roosevelt comfortably won Pennsylvania and Michigan narrowly went to Republican Wendell Willkie. This trio of states has arguably become the most consistent tipping point in American politics. In the nine elections since 1920 when they split their vote, the candidate who carried two of these three states won seven times.

Persons: Kamala Harris, Donald Trump –, Trump, Hillary Clinton, Joe Biden, Harris, Bob Shrum, Shrum, Tad Devine, “, Biden, PRRI, William Frey, Tim Marema, don’t, Mason, Dixon, Barack Obama, Tony Evers, Gretchen Whitmer, Josh Shapiro, Republican Sen, Ron Johnson, Dane County, Ben Wikler, Pete Giangreco, ”, You’ve, That’s, Gene Ulm, Roe, Wade, Whitmer, Branden Snyder, It’s, Clinton, Dante Chinni, White, ” Chinni, they’ve, They’ve, Republican pollster Patrick Ruffini, Ruffini, “ I’m, ” Ruffini, Geoff Garin, Michael Dukakis, Republican George H.W, Republican George H.W . Bush, James Buchanan, John C, Franklin D, Roosevelt, Herbert Hoover, Republican Wendell Willkie, Gerald Ford, Jimmy Carter, Theodore Roosevelt’s, Al Gore, John Kerry, Republican Thomas Dewey, Hubert Humphrey, Garin Organizations: CNN, White House, Democratic, Michigan, Wisconsin, AdImpact, Trump, Center, University of Southern, “, Republicans, Survey, Blacks, of Labor Statistics, Public Religion Research, Whites, GOP, Brookings Metro, for Rural, doesn’t, Keystone State, Republican, Center for Rural, Democrats, Biden, Black, White, Wisconsin , Michigan Democrats, Detroit, Electoral, American Communities Project, …, Democrat, Pennsylvania, Republican Party Locations: Michigan, Wisconsin, Pennsylvania, Georgia, North Carolina , Arizona, Nevada, Flint , Michigan, University of Southern California, California , New York, Illinois, Texas, Florida, Ohio, . Michigan, Wisconsin’s, Milwaukee, Philadelphia, Detroit, Waukesha, Ozaukee, Washington, Madison, Dane, Dane County, Eau Claire, Appleton, La Crosse, Outagamie, Winnebago, Green Bay, Green, Chicago, Scranton, Wilkes, Barre, ” Michigan, “ Michigan, Gaza, Wisconsin , Michigan, United States, “ Pennsylvania, Ulm, Pittsburgh, Butler , Pennsylvania, Republican George H.W ., Fremont, North Carolina, Michigan , Pennsylvania, “

☆ Why people are souring on one of the country's hottest housing markets
▼ + stars: | 2024-09-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +8 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe exodus is mainly being driven by higher housing costs, a higher cost of living, and souring attitudes toward the influx of people who moved to Florida in recent years. Property insurance costs in the state are rising at the fastest pace in 20 years, according to Capital Economics. According to Cindy, her home insurance costs around $8,000 a year. The cost of living has also risen, in part due to rising housing costs and more people living in the city.

Persons: —, who's, Cindy, isn't, Rafael Corrales, Corrales, Kevin, hadn't, it's, Bill McBride, McBride, That's, It's, Darryl Fairweather, Redfin, Fairweather Organizations: Service, Business, Tampa —, Capital Economics, Bureau of Labor Statistics, Washington DC, Florida Department of Law, Sunshine State Locations: Florida, Sunshine, Tampa, Orlando, Jacksonville, South Florida, Miami, St, Pete, Seattle, New York, Fort Lauderdale, Palm Beach, Petersburg, Clearwater, Florida's

The pace of inflation likely moderated again in August — further relief for beleaguered consumers still smarting from pandemic-era price shocks. Though price growth has largely returned to the Federal Reserve's official 2% target, the sting of rapid price increases over the past four years lingers for many consumers. The latest inflation report is likely to cement a 0.25% cut in the Federal Reserve's key interest rate, currently at about 5.3%, later this month. But experts say it will take some time for consumers to feel the impact of the lower interest rate — and the relatively small size of the cut means borrowing costs will still be somewhat elevated. While the Fed is now widely expected to cut interest rates, a cut of just 0.25% may not be enough to stave off that scenario.

Persons: —, There's, Joe Biden, Kamala Harris, Zillow, Paul, ” Marina Walsh, ” Walsh, Torsten Slok, Slok, Sophia Kearney, Jerome Powell's, Kearney, Lederman Organizations: of Labor Statistics, Federal Reserve's, Democratic, Labor Statistics, Princeton, “, Mortgage Bankers Association, Apollo Global Management, FHN, NBC News, Fed Locations: U.S, New York, Los Angeles, Minneapolis, St, Las Vegas, Phoenix

☆ Housing supply is piling up in Florida and Texas as HOA and insurance fees jump, Redfin says
▼ + stars: | 2024-09-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The condo market looks stuck in Florida and Texas, according to Redfin. Condo inventory has risen 53% in Florida and 42% in Texas since last year. Buyers have been scared away from both states, partly because of rising HOA fees and insurance premiums. Go to newsletter preferences Thanks for signing up! AdvertisementHousing inventory is piling up in Florida and Texas, in part because homeowners-association fees and home insurance costs are scaring buyers away from the condo market, according to Redfin.

Persons: — Organizations: Redfin, Buyers, Service, Business Locations: Florida, Texas

☆ Nights in Las Vegas Are Becoming Dangerously Hot
▼ + stars: | 2024-08-11 | by ( Ronda Kaysen | Aatish Bhatia | ) www.nytimes.com time to read: +12 min

This June and July, nights in Las Vegas stayed above 79 degrees for all but seven days. And hot nights are something more people are experiencing: No American major metro area has grown as much as Las Vegas has over the last three decades. Even after the sun set in Las Vegas in June and July, temperatures routinely remained in the 80s and 90s. Populations have doubled or more over a generation, with the number of abnormally hot nights rising at similar rates. A growing dangerLas Vegas metro 1984 Urban Core This was the Las Vegas metro in 1984.

Persons: ”, Matt Woods, —, Bridget Bennett, Ariel Choinard, “ You’re, Ms, Choinard, Anita Swogger, Tristan, Chima Cyril Hampo, Mr, Swogger, Tollis, Yanci, Yanci Hill, Steffen Lehmann, Blanca Solis, Solis, Richard Kettler, Solis’s, “ Organizations: Vegas, Las Vegas, National Weather Service, The New York Times, Southern, Resilience, Desert Research Institute, Southern Nevada Health, Duke University, U.S ., Atlanta, National Weather, Major metros, Las, Regional Transportation Commission, Drexel University, Weather Service, University of Nevada Locations: United States, Las Vegas, Vegas, Southern Nevada, Clark County, Austin , Texas, Raleigh, N.C, Orlando, Fla, Austin, Phoenix, … Las Vegas Austin , Texas Raleigh, Phoenix Atlanta, Nevada, Arizona, East Las Vegas, Asia, Henderson, Stewart, Las

☆ Tropical Storm Debby: Storm making its way towards Florida coast is expected to strengthen
▼ + stars: | 2024-08-03 | by ( Nouran Salahieh | Mary Gilbert | ) edition.cnn.com time to read: +5 min

CNN —A tropical depression making its way towards the Florida coast is expected to strengthen into Tropical Storm Debby Saturday before delivering heavy, flooding rainfall and dangerous storm surge to the state starting this weekend. The storm is expected to enter the eastern Gulf of Mexico on Saturday and become Tropical Storm Debby, according to the hurricane center. Tropical storm conditions could begin Saturday night in parts of southwest Florida. Tropical storm warnings are in effect for the Dry Tortugas and the west coast of the Florida peninsula from East Cape Sable to Boca Grande. Parts of the Florida Keys and parts of the Central Florida coast are also under a tropical storm watch, with officials urging residents there to prepare for tropical storm conditions within the next 48 hours.

Persons: Storm Debby, Ron DeSantis, “ Floridians, Santa Rosa –, “, Michael Brennan, It’s Organizations: CNN, Storm, Hurricane, Tropical, Florida, Fort, Sunshine State, Tampa metros, ” Hurricane, Weather, WPC, Carolinas, Florida Gulf Locations: Florida, Key, Cuba, Mexico, Bend, Gulf, East, Sable, Boca Grande, Suwannee, Central Florida, Fort Myers, Cape Coral, Tampa Bay, South Florida, Orlando, state’s, Escambia, Okaloosa, Santa, Miami, Georgia, Florida –, Florida Gulf Coast, Florida’s Big, Carolinas

☆ Tropical Storm Debby forecast to hit Florida this weekend with torrential rain and wind
▼ + stars: | 2024-08-02 | by ( Mary Gilbert | Taylor Ward | ) edition.cnn.com time to read: +5 min

Track the Storm: Spaghetti models and more maps hereIt’s forecast to become a tropical depression by Saturday morning, once it emerges out over the water between Cuba and Florida, and strengthen into Tropical Storm Debby by Saturday evening. Tropical storm watches and warnings have been extended northward in Florida, according to the 5 p.m. The tropical storm warning has been extended along the west coast of the Florida peninsula from Bonita Beach to Boca Grande. Meanwhile, the tropical storm watch has been extended northward from Aripeka to the mouth of the Suwannee River. Parts of the Florida Keys and parts of the Central Florida coast are also under a tropical storm watch, with officials urging residents there to prepare for tropical storm conditions within the next 48 hours.

Persons: Debby –, Debby, Ron DeSantis, Santa Rosa –, It’s, CNN’s Sara Smart Organizations: CNN, National Hurricane Center, Florida, Fort, Tampa Bay, Florida Gov, Tampa metros, Weather, WPC, Carolinas, Florida Gulf, Nature Communications Locations: Florida, United States, Cuba, Bahamas, Bonita Beach, Boca Grande, Aripeka, Suwannee, ., Central Florida, Fort Myers, Cape Coral, Tampa, Mexico, Coast, South Florida, Tampa Bay, Orlando, state’s, Escambia, Okaloosa, Santa, Miami, Georgia, Florida –, Florida Gulf Coast, Florida’s Big, Carolinas

☆ 16 cities with hot job markets where homes cost $150,000 less than the national average
▼ + stars: | 2024-07-27 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Read previewAffordable homes are already rare in this cutthroat housing market, so finding a fairly priced property in a city with promising job prospects may seem like an impossible task. While property prices are no longer surging, they're still elevated, as are mortgage rates. "In-demand, affordable markets, such as those on the Wall Street Journal/Realtor.com Housing Market Ranking list, have seen prices climb, especially high relative to pre-pandemic prices." Homes in those standout cities also cost 6% more than last year, while the rest of the US had flat home prices. Within that group, there were 16 real-estate markets where homes were at least $150,000 less than the national average that also had an unemployment rate at or below 4%.

Persons: —, Realtor.com, Hannah Jones, Danielle Hale, Jones, Hale Organizations: Service, Business, Street Journal, National Association of Realtors, Wall Street Locations: Realtor.com

☆ Florida's housing market is seeing 'nightmare scenarios' as buyers back out due to affordability concerns, Redfin says
▼ + stars: | 2024-07-26 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

Florida's housing market is seeing a wave of buyers get cold feet. In June, 21% of home purchase agreements fell through in Orlando, Jacksonville, and Tampa, Redfin found. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFlorida's housing market is facing a wave of "nightmare scenarios," with a growing number of home deals falling through as buyers get cold feet. In key metros like Orlando, Florida, and Tampa, around 21% of home-purchase agreements were cancelled in June, according to data from Redfin.

Persons: Redfin, — Organizations: Service, Business Locations: Orlando , Jacksonville, Tampa, Orlando , Florida, Redfin

☆ Starter homes cost more than $1 million in a record 237 cities
▼ + stars: | 2024-07-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Typical starter homes are worth at least $1 million in a record 237 US cities, Zillow reported. Nearly half of these cities are in California, with New York and New Jersey also heavily represented. AdvertisementA record number of US cities now have typical starter homes worth at least $1 million, Zillow reported. On average, homebuyers can find seven-figure starter properties in 237 metros, the firm said, a considerable jump from where values stood five years ago. Zillow defined typical starter homes as properties in the lower third of values.

Persons: —, Zillow Organizations: Service, metros, Business Locations: California, New York, New Jersey

☆ The salary you need to be considered middle class in the 25 largest U.S. cities—it can be over $250,000 in San Francisco
▼ + stars: | 2024-07-22 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

A middle class lifestyle can look different depending on where you are. In the San Francisco area, an annual income of $250,000 would classify your household as middle earners, based on 2022 Census Bureau American Community Survey data. That means middle class households there earn between $85,434 and $256,302 a year. Median household incomes in each of these areas are over $100,000 a year. Here are the ranges of middle class incomes in the 25 biggest U.S. metros:

Organizations: American, Survey, D.C, U.S, metros Locations: San Francisco, Oakland, Berkeley , California, U.S, Washington, Seattle, Boston

☆ The housing market is close to a rare buying opportunity with prices set to drop in pandemic boom towns, analyst says
▼ + stars: | 2024-07-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Read previewProspective homebuyers may be better off staying on the sidelines: the housing market is on its way to a rare buying opportunity, with steep home price declines bound for key areas of the real-estate market in the coming years, according to one analyst. That's an additional ingredient on the top, which just makes it more likely that prices fall," Gerli told BI. AdvertisementThe situation in the South's housing market also bears some similarities to previous housing bubbles, Gerli noted. In key boom towns, home prices have shot up 50%-70% since the pandemic, though incomes have only risen 10%-20%, he said, citing municipal data. It'll take a long time for housing to become more affordable overall, given how overvalued the market is, Gerli said.

Persons: —, Nick Gerli, Gerli, Freddie Mac, That's, Southern homebuilders, we've, it's, Redfin, Homebuyers, It's Organizations: Service, Business, National Association of Realtors, Builders Locations: Florida, Southern, Texas

☆ The housing market is close to a rare buying opportunity as prices are set to drop in pandemic boom towns, analyst says
▼ + stars: | 2024-07-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

☆ Young families are still fleeing major cities in huge numbers, a 'big surprise' for metros trying to escape the urban doom loop
▼ + stars: | 2024-07-11 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Read previewWhen the pandemic hit, young families fled cities across the US in droves. Overall, domestic out-migration from big cities is still double the rate it was pre-pandemic. "This data is three years out from the start of the pandemic, cities have started to recover robustly on a bunch of different measures." Families with kids under six years old are more than twice as likely to leave New York City than families without young kids, the Fiscal Policy Institute found. Some exurbs — particularly in the pro-development Sunbelt — are seeing young families flood in.

Persons: —, Connor O'Brien, EIG, O'Brien, millennials Organizations: Service, Economic Innovation Group, Business, New York City Locations: exurbs, New York, Chicago's Cook County, San Francisco, Los Angeles, nation's, downtowns, New York City, Exurban, Polk County , Florida, Orlando, Tampa, Montgomery County , Texas, Houston

☆ Massachusetts secured a big raise for Uber and Lyft drivers in the state, but some are worried the deal could have negative side effects
▼ + stars: | 2024-07-03 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

The settlement will pay $175 million to the state and drivers, many of whom claimed both companies violated Massachusetts wage and hour laws. Also, Massachusetts drivers will be considered independent contractors, meaning they will not receive all the protections of employees. Advertisement"The recent agreement reached in Massachusetts before the ballot initiatives were decided by Massachusetts voters is a favorable outcome for most Massachusetts drivers," Avedian said. What Massachusetts drivers sayAvedian said for the majority of drivers, this settlement is a big step in the right direction. In May, Uber and Lyft struck a deal to pay Minnesota drivers $1.28 per mile and $0.31 per minute minimum.

Persons: —, Uber, Lyft, Sergio Avedian, Guy, Avedian, Mark McInerney, he's, Matt R, Matt, Ronald Banks, Jen, isn't Organizations: Service, Business, Uber, Lyft, California Supreme, Research, UC Berkeley Labor Center, Center for Wage, Dynamics, Seattle metros, Drivers, New York City, Taxi, Limousine Commission, New York, Minnesota Locations: Massachusetts, New York , California, Washington, Minnesota, New York State , Minnesota, Boston, Texas and Massachusetts, Chicago , Portland, Virginia, California, Los Angeles, San Francisco, Chicago, New York, New York City, New, Minneapolis

☆ 'Cold' housing markets in these 3 states may be a buyer's best chance at a bargain
▼ + stars: | 2024-06-27 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Housing markets in Louisiana, Florida, and Texas are the country's "coldest," Realtor.com says. These cold locales are seeing inventories rise and prices fall amid a lack of buyer interest. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHousing markets in three Gulf states are the country's "coldest," with inventory moving up as prices fall lower, Realtor.com reported.

Persons: Realtor.com, —, Lake Organizations: Service, Mission, Business Locations: Louisiana , Florida, Texas, Lake Charles, Panama City, McAllen, Edinburg

☆ Here's where U.S. rents are rising — and falling — the fastest
▼ + stars: | 2024-06-26 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Zumper analyzed median asking rents for apartment listings in the largest 100 U.S. cities by population. Rents have also risen by at least 10% for both one- and two-bedroom apartments in other major metros: Lincoln, Nebraska; Chicago; Buffalo, New York; Madison, Wisconsin; Rochester, New York; and New York City, according to Zumper. What causes rent inflationAt a high level, rent inflation is guided by supply-and-demand dynamics, said Crystal Chen, an analyst who authored the Zumper analysis. Basically, areas with fast-growing rents are seeing demand outstrip the supply of available apartments, while those with falling rents have seen their apartment inventories growing. Rent inflation has fallen substantiallyRent inflation plummeted in the early days of the Covid-19 pandemic.

Persons: Jamie Kelter Davis, Zumper, Crystal Chen, Eric Adams, Fitch, Chen Organizations: Bloomberg, Getty, New, New York City Department of Housing Preservation, Development, Finance, York City Locations: Chicago, U.S, Syracuse , New York, Lincoln , Nebraska, Buffalo , New York, Madison , Wisconsin, Rochester , New York, New York City, Oakland , California, Memphis, Chattanooga , Tennessee, Cincinnati , Ohio, Colorado Springs , Colorado, Irving , Texas, Jacksonville , Florida, Raleigh, Greensboro, Durham , North Carolina, New York, Akron , Ohio, Wichita , Kansas, York

☆ Why America's housing shortage is getting worse, even as construction sees its biggest boom in 16 years
▼ + stars: | 2024-06-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

US housing construction is the strongest it's been since 2007, with 1.45 million homes added in 2023. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS housing construction just notched its best year since the great financial crisis, but it hasn't been enough to ease America's home shortage, Zillow reported on Tuesday. According to the real estate firm, 1.4 million homes were added two years ago, reaching a high not seen since 2007. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Austin, Service, Business Locations: California, Seattle

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