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☆ Is Ohio really that great of a place for first-time homebuyers?
▼ + stars: | 2023-08-02 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +3 min

Are you a first-time homebuyer who recently moved to Ohio? Some may be found in Ohio, according to data from the National Association of Realtors and Realtor.com. In Youngstown, buyers earning at least $75,000 can afford to purchase 72% of listings, while those in Akron and Toledo can afford to buy 61%. It begs the question: Is Ohio really that great of a place for first-time homebuyers? We want to hear from current Ohio residents who are first-time homebuyers or recently relocated to or within the state.

Persons: homebuyer, Toledo —, Ian Beniston, Beniston, it's, Eric Cooper, he's, Cooper, Sellers, Alcynna Lloyd Organizations: Service, National Association of Realtors, Realtor.com, Ohio —, Youngstown Neighborhood Development Corporation, Columbus —, Coldwell Banker, Bureau, alloyd Locations: Akron, Toledo, Youngstown, homebuying, Ohio, Wall, Silicon, There's, Ohio — Youngstown , Akron

☆ 1 in 4 U.S. homebuyers want to move to a different city—here's the No. 1 place they're looking
▼ + stars: | 2023-07-30 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

Homeownership costs seem to be driving the trend, as the majority of homebuyers are from cities with some of the highest home prices in the country, such as New York or Los Angeles. Net inflow is the number of people looking to move into a city minus the number of people looking to leave. This makes sense, as those are some of the cities where the most homebuyers seemingly want to leave. For instance, most out-of-town buyers looking for properties in Las Vegas are from Los Angeles. The median cost of a home in Las Vegas is $412,500 as of June, nearly half the $975,000 median cost for homes in Los Angeles, according to Redfin's data.

Persons: Redfin, they've Organizations: Las Vegas, Port Locations: South, New York, Los Angeles, Las Vegas, Tampa , Florida, Orlando, Florida, Sacramento , California, Sarasota , Florida, Coral , Florida, Dallas, Miami, Houston, Seattle , New York, Chicago, San Francisco, York City, Angeles, Washington, Boston, Seattle, Hartford , Connecticut, Denver, Detroit

☆ AI is kicking off a new kind of tech hiring boom — but only in certain cities
▼ + stars: | 2023-07-26 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +6 min

A new wave of generative AI jobs could follow the same pattern, per a Brookings Institution report. Nearly half of the new US generative AI job postings in May came from one of six metro areas. In May, 25% of new generative AI job postings — which contained terms like "ChatGPT" or "generative AI" — were posted in the Bay Area (San Francisco and San Jose). In the below chart, "early adopters" refers to the 13 aforementioned metros, excluding the Bay Area metros. Brookings' Muro said that he expects many generative AI jobs to be in-person some or all of the time.

Persons: ChatGPT, —, Santa Barbara, Mark Muro, Muro, Sam Altman, Brookings Organizations: Brookings Institution, Service, Bay Area, —, Google Locations: Wall, Silicon, Lightcast, Bay, San Francisco, San Jose, New York City, Los Angeles, Boston, Seattle, Washington, DC, San Diego, Austin, Raleigh, Boulder, Lincoln, Santa Cruz, Santa Maria, Santa, Santa Fe, Brookings, — San Francisco

☆ Why Cities Across the US Look the Same: Remote Work, High Home Prices
▼ + stars: | 2023-07-25 | by ( David A. Banks | ) www.businessinsider.com time to read: +15 min

The shift to remote work early in the pandemic allowed wealthy residents to ditch big cities in droves and set up shop in smaller cities and towns nearby. While the surging costs of housing and the new freedom of remote work helped trigger this mass migration, small cities have been laying the groundwork over the last decade to entice these big-city refugees. Then came the pandemic, and remote work suddenly made small cities a viable home for wealthy professionals. For the past two decades, cities have turned to an economic development strategy I've deemed "the city authentic." It spiked even more during the pandemic when change of addresses from New York City jumped a whopping 787%.

Persons: Tim Burton, —, Richard Florida, millennials, DAVID BREWSTER, downtowns, weathers, It's, Alison Roman, Chrissy Teigen, it's, restaurateurs, John Greim, Instagramable cafés, David A, Banks Organizations: Urban, New York Times, Creative, The New York Times, Industrial Development Agency, IDA, Arts, Craft, Fulton, Star Tribune, Getty, Social, Business, New York City, Neighborhood Initiative, Globalization Studies, University, Albany SUNY, UUP Locations: America, Hudson, New York City, Austin , Texas, Charlotte, North Carolina, Denver , Minneapolis, Salt Lake City, Dallas, Louisville, Connecticut, Florida, Washington, Fulton, New York, Athens, Georgia, Tulsa , Oklahoma, Arts District, Saint Paul , Minnesota, , New York, Rensselaer, Troy, Rensselaer County, Newark , New Jersey, Dudley, Boston

☆ Just 1% of all US homes changed hands so far this year
▼ + stars: | 2023-07-19 | by ( Anna Bahney | ) edition.cnn.com time to read: +3 min

Washington, DC CNN —Just 1% of all US homes changed hands in the first half of this year, the lowest share in at least a decade, according to data from Redfin. Just 11 of every 1,000 two-and three-bedroom urban homes have changed hands in 2023. Only 6 of every 1,000 homes in San Jose have sold so far in 2023, similar to the low turnover rates in Oakland and San Diego. The turnover rate shrank most from the pre-pandemic years in the suburbs, with 16 of every 1,000 four-bedroom or more suburban houses changing hands so far this year, two-thirds as many as 2019. That’s not happening, because so many of those homeowners have low mortgage rates.”

Persons: ”, Taylor Marr, “, Marr, Heather Mahmood, Corley Organizations: DC CNN, Redfin, “, . Workers Locations: Washington, “, California, San Jose, Oakland, San Diego, Nashville, Austin, Newark , New Jersey, Phoenix

☆ The 15 best US cities for renters right now, ranked by incomes, rents, and quality of life
▼ + stars: | 2023-07-18 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +3 min

Personal finance company Wallethub ranked the best places to rent in the US in 2023. It weighed factors like rents, job opportunities, and quality of life in more than 180 markets. A new report from Wallethub identifies where renters can get the maximum bang for their buck this year. "We looked at two things here: rental market affordability and quality of life. So when you're actually looking at rental affordability, that is calculated not only by sheer rent, but then dividing that by median annual household income.

Persons: Jill Gonzalez, Gonzalez Organizations: Wallethub, Service, Census Bureau, Cities aren't, San Francisco Locations: California, Arizona, Kansas, Wall, Silicon, Golden City, Francisco, There's

Washington, DC CNN —Florida is America’s inflation hotspot, thanks to a persistent problem with sky-high housing costs. The Miami-Fort Lauderdale-West Palm Beach area has the highest inflation rate of metro areas with more than 2.5 million residents, with a 9% inflation rate for the 12 months ended in April. Urban Hawaii had the second lowest inflation rate at 2% — mirroring the Federal Reserve’s target for its preferred inflation gauge, the Personal Consumption Expenditures index. A vexing inflation problem in the Sunshine StateIn Florida, the state’s growing population has been pushing up inflation — particularly via housing costs. Even though the Twin Cities’ inflation rate is currently the lowest among major cities, it might not feel that way to residents, Schipper said.

Persons: That’s, ”, Amanda Phalin, Phalin, “, ” Phalin, Paul, Tyler Schipper, Thomas, Schipper, “ You’re, Latoya Rogers, Kaiji Chen Organizations: DC CNN, Fort, Consumer, Labor Department, Urban, Sunshine State, University of Florida, Labor, Tampa, University of St, of Labor Statistics, CPI, Twin, Federal Reserve Bank of, Fed, Cub, Costco, Sam’s, Atlanta, Emory University Locations: Washington, Florida, Miami, Fort Lauderdale, West Palm Beach, Tampa, St, Petersburg, Clearwater, Minneapolis, Urban Hawaii, Sunshine State In Florida, New York, Tampa Bay, “, Twin Cities, Federal Reserve Bank of Minneapolis ’, Midwest, Minnesota, Cities, Atlanta, Sandy Springs, Roswell, —

☆ Commercial real estate values are set to crater as much as 40% by 2025 in these 6 cities
▼ + stars: | 2023-07-07 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Commercial real estate values will crater as much as 40% in some cities, Capital Economics said. The research firm highlighted cities it dubbed "major markets": San Francisco, Chicago, New York City, Los Angeles, Boston, and Washington, DC. San Francisco is expected to suffer the largest decline, with commercial property values in the city plummeting 40%-45% from 2023-2025. Other experts have been warning of trouble for the commercial real estate sector amid struggling post-pandemic demand for office properties and the anticipated crunch in credit conditions, which could spark more trouble for commercial real estate assets. Morgan Stanley sees a 40% crash in commercial real estate prices, meaning the sector would suffer an even more severe downturn than it did in 2008.

Persons: —, Morgan Stanley Organizations: Capital Economics, Service Locations: San Francisco, Chicago , New York City, Los Angeles, Boston, Washington, DC, Chicago, New York, LA, Seattle, Portland, Denver, Southern, Miami, Dallas, Atlanta

☆ These cities in Ohio have more affordable homes available for sale than any other US metro, but they're still few and far between
▼ + stars: | 2023-07-02 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

The US housing shortage makes it especially hard for middle-income buyers to purchase homes. But there's some good news, at least in the data: There are still a few US metros where affordable homes remain available to middle-income buyers. According to the NAR and Realtor.com analysis, among the 100 largest US metros, three areas from Ohio: Youngstown, Akron, and Toledo have the most affordable homes available for middle-income buyers. Overall, the US housing market is short 6.5 million homes. In general, homes in the low- to mid-priced range should be more plentiful in "relatively more affordable areas," than in the expensive areas, the economists wrote in the report.

Persons: —, Ian Beniston, Eric Cooper, Sellers, it's, Beniston Organizations: Service, National Association of Realtors, NAR, Youngstown Neighborhood Development Corporation, Coldwell Banker Locations: Three Ohio, Ohio, Youngstown , Akron, Toledo, Youngstown, Akron, El Paso , Texas, Boise , Idaho, Spokane , Washington

☆ Lurking Beneath Home Prices: Hidden Costs
▼ + stars: | 2023-06-29 | by ( Michael Kolomatsky | ) www.nytimes.com time to read: +1 min

With the focus on rapidly rising prices, it’s easy to forget the “hidden” costs of homeownership, including property taxes, homeowner’s insurance, utility payments and maintenance. Among those metros (where sufficient data was available), San Francisco had the highest annual hidden costs (a median of $22,791), while Las Vegas had the lowest ($9,886). Overall, maintenance was found to require the greatest median outlay ($6,413 a year), followed by utilities ($3,216), property taxes ($2,827) and homeowner’s insurance ($1,699). Insurance costs were calculated at 0.5 percent of value. Utility costs were derived from 2022 state averages, while phone bills and streaming-service costs were sourced from Forbes reporting.

Persons: Zillow, Thumbtack, grout Organizations: Las, Insurance, Forbes Locations: U.S, San Francisco, Las Vegas, New York City, Pittsburgh

☆ Cleveland has become an unlikely hotspot for millennials in search of affordability
▼ + stars: | 2023-06-29 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +4 min

With income growth outpacing rent there, these 27 to 42 year-olds have more disposable income. In order to come up with the ranking, the BofA Institute used home address data from 46 million of adults who've been customers of the bank since 2018. Cleveland residents now pay just over 17% of their income on rent, while the average American pays 20%. Pittsburgh income growth exceeded rents by 1%. Indeed, the BofA Institute found that millennials are by-and-large staying out of the housing market this cycle, but still are window shopping for the future.

Persons: —, millennials, Anna Zhou, Zhou, Clever, they're, homebuyers Organizations: Service, Bank of America Institute . Austin, BofA Institute, Bureau of Labor Statistics Locations: Tampa, Dallas, Cleveland, Tampa , Florida, Bank of America Institute . Austin , Texas, Midwest, Columbus , Ohio, Cleveland Cleveland, Providence , Rhode Island, Buffalo , New York, Pittsburgh

☆ Remote workers flocked to 'Zoom towns' during Covid—now they're competing to stay work-from-home
▼ + stars: | 2023-06-27 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +2 min

Fully remote jobs are getting harder to come by, but the competition for work-from-home jobs is especially fierce in some parts of the country. Just two years ago, remote jobs in Bend attracted about 42% of applications. Nationally, just 11% of open jobs on LinkedIn offer remote work, but they attract close to 50% of total job applications as of May. Bend, in particular, became popular among newly mobile tech workers from Silicon Valley and Seattle. Check out: How return-to-office battles and remote work are making America's burnout problem worse

Persons: George Anders, LinkedIn's, Kelly Evans Organizations: LinkedIn, Port, Fort Walton, Big Tech, Google, Microsoft, Apple Locations: Bend, U.S, Asheville, N.C, Wilmington, Myrtle, S.C, Spokane, Coeur d'Alene, Wash, Sioux, S.D, Medford, Sarasota, Fla, Wausau, Stevens, Wis, Crestview, Fort, Destin, Silicon Valley, Seattle

☆ Rent has finally stopped rising. It's great news for tenants and the economy.
▼ + stars: | 2023-06-25 | by ( Alcynna Lloyd | Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

US rental growth is now below pre-COVID norms, giving renters more options. Rental growth in the US is now below pre-COVID norms, Jay Parsons, the SVP, chief economist and head of industry principals at RealPage, told Insider. Throughout the pandemic, soaring rental prices — brought on by population growth and heightened demand — have helped to drive inflation to historic levels. With lower inflation, renters can have increased confidence in a more stable rental economy while giving renters more options. "I think over the next year and a half, we're gonna see very limited rent growth," Parsons said.

Persons: —, Jay Parsons, Parsons, Zillow, we're Organizations: Service, Bureau of Labor Statistics, Federal Reserve Bank of Cleveland's, CPI, Federal Reserve Locations: metros

☆ Gen-Z homebuyers are flocking to these 3 cities the most - and avoiding California and New York
▼ + stars: | 2023-06-24 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Salt Lake City has become the most popular city for Gen Z homebuyers, a LendingTree report found. Expensive cities like San Francisco, New York, and San Jose, California, were the least popular among Gen Z. At the same time, adult Gen Zers have come of age in a remote-friendly professional landscape, altering beliefs about housing and location. The next two most popular cities included the relatively inexpensive Oklahoma City and Birmingham, Alabama, with mortgage requests hovering at 22.36% and 20.79%, respectively. The second and third least popular cities, per the report, were New York and San Jose, California, at 8.88% and 9.70%, respectively.

Persons: Gen Z, —, Zers, Gen, Louis, Gen Zers, LendingTree Organizations: Gen, Oklahoma City, Service, Gen Zers Locations: Salt Lake City, Oklahoma, Birmingham , Alabama, San Francisco , New York, San Jose , California, Indianapolis, Cincinnati, St, San Francisco, New York, California, San Jose

☆ Midwest American Cities Are Facing a Downtown Crisis, Urban Doom Loop
▼ + stars: | 2023-06-22 | by ( Eliza Relman | ) www.businessinsider.com time to read: +16 min

But Midwestern cities are also facing a crisis of their own — struggling to attract workers, residents, and visitors to their downtowns. Nine of the 13 Midwestern cities tracked in the study were in the bottom half of the rankings. In the early part of the 20th century, Midwestern cities boomed — attracting workers and families seeking out manufacturing jobs and education. Many Midwestern cities relied on a single industry or even a single company to buttress its economy. "If office workers are coming downtown less, but college students are willing to come downtown more, what about literally putting a college in your downtown?"

Persons: COVID, Michael Hicks, Jacob Frey, Salesforce, Karen Chapple, Hicks, Michael Siluk, Amanda Weinstein, Weinstein, weren't, it's, Tracy Hadden Loh, Hadden Loh, It's, they've, you've, Chapple, Edwin Remsberg, downtowns, I've, —, Columbus, Keyvan Esfarjani, Eliza Relman Organizations: metros —, metros, Ball State University, University of Toronto, St, of Cities, Midwest, University of Akron, Brookings Institution, Institution, Arizona State University, Cleveland, Housing, While Ohio, Ohio State University's, Intel Locations: San Francisco, Seattle, Indiana, Midwest, Louis, Indianapolis, Minneapolis, Cleveland, Kansas City , Missouri, Detroit, Akron, leafier, downtowns, Lake Erie, Burke, Downtown, Kansas, Chicago, Columbus, While, Ohio

☆ Home shoppers, don't despair. Bargains are out there, particularly in these pandemic boomtowns.
▼ + stars: | 2023-06-22 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +3 min

Pandemic boomtowns like Austin, Texas; Boise, Idaho; and Phoenix are seeing big discounts. Read on for the top 10 cities and how much home prices have declined in the past year. This has led to some robust price cuts, especially in previously hot pandemic boomtowns — like Austin, Texas; Boise, Idaho, and Phoenix — where prices surged and homebuilders have been adding inventory. The company analyzed the median price per square foot in 100 of the largest US metropolitan areas, and considered the change in prices in the year through May. Take Austin, where the median home price has fallen 7.7% since May 2022 but is still $142,751 above the national median of $441,000.

Persons: Realtor.com, —, Mark Zandi, There's, Danielle Hale, Austin Organizations: Service, Phoenix, Moody's Locations: Austin , Texas, Boise , Idaho, Myrtle Beach , South Carolina, North Port , Florida, Myrtle Beach

☆ The Places Most Affected by Remote Workers’ Moves Around the Country
▼ + stars: | 2023-06-17 | by ( ) www.nytimes.com time to read: +11 min

Source: American Community SurveyThis rising mobility was driven by remote workers who sought new housing in their same metro areas, but also by a wave of remote workers decamping to other parts of the country. The rise of remote work meant that many such workers moved into these places, too. But for New York, San Francisco, Washington and Los Angeles, significantly more remote workers left than arrived. New York Metro Area Net domestic migration of workers Prepandemic 2018-19 Pandemic 2020-21 In-person workers Remote The N.Y.C. The remote workers identified this way may range from hybrid workers who primarily work from home to permanent remote workers and self-employed people who have no nearby office to visit.

Persons: ”, Hans Johnson, Johnson, Nicholas Bloom, Mr, Bloom, Adam Ozimek, Ozimek, Eric Carlson, It’s, “ Organizations: San, Major Metros, metros, York, Angeles, Washington, Seattle, Raleigh, Diego, Dallas, Sacramento, Hartford, American, Survey, San Jose metros, New York Metro Area Net, Public, Institute of California, Remote Workers, American Community Survey, Stanford, Economic Locations: San Francisco, New York, San Francisco , Washington, Los Angeles, Austin, Denver, Dallas, Nashville, Jose, Calif, Austin , Texas, N.C, Portland, Ore, Va, Conn, California, Bay Area, Washington, Ocean City, N.J, Cape Cod, Salisbury, Md, Maryland, Delaware, Fla, Stroudsburg, Pa, S.C, Panama City, Duluth, Minn

☆ Remote jobs are moving overseas and to smaller U.S. cities: ‘The same skills for 60% of the cost'
▼ + stars: | 2023-06-09 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Remote jobs aren't disappearing — they're just moving out of expensive coastal metros like New York and San Francisco. Faced with labor shortages and rising wages, companies are hiring for more remote jobs overseas and in smaller U.S. cities. Where remote jobs are goingRemote hiring is expanding beyond its traditional strongholds, like India, creating new "Zoomtowns" overseas and in pockets of the U.S. Midwest. The number of North American companies with remote workers in Central America and the Caribbean, for example, has grown 300% between 2020 and 2023, according to new research from Lightcast. How to stand out in a more competitive remote job market

Persons: Nicholas Bloom, Kim Rutledge, Rutledge, George Denlinger, Robert Half, Layla O'Kane, Bloom Organizations: Companies, U.S . Midwest, Stanford, U.S, U.S ., Lightcast Locations: New York, San Francisco, Phoenix, Asheville, Boise, India, U.S, Mexico, Philippines, Central America, Caribbean, Lightcast, Austin, Monterrey, Bengaluru, California, Robert Half . Illinois , Ohio, Nebraska, Denlinger

☆ Crane Index Shows Dip in Commercial Construction, Rise in Residential
▼ + stars: | 2023-06-08 | by ( Kalia Richardson | ) www.nytimes.com time to read: +1 min

As more workers convert their living rooms and bedrooms to home offices, more commercial spaces are left vacant. The evolving work space is one reason crane construction of residential and mixed-use spaces is up across North America, according to a new report. The biannual Rider Levett Bucknall Crane Index for North America, which tracks the number of tower cranes across 14 U.S. and Canadian metro areas, reports that the overall crane count increased by 7.04 percent from the third quarter of 2022 to the first quarter of 2023. According to the survey, eight of the metros saw an increase in cranes, two saw decreases and four held steady — and while a 7.04 percent increase may seem small, it’s the highest reported increase since 2021. To collect the data, researchers count the number of fixed cranes on work sites by tracking construction permits submitted and by simply driving around (biking in New York) to identify tower cranes.

Persons: Levett Bucknall Organizations: North, metros Locations: North America, New York

☆ One-Third of U.S. Home Buyers Paying in Cash
▼ + stars: | 2023-06-07 | by ( ) www.wsj.com time to read: 1 min

One-third of home purchases in the U.S. in April were made in cash, up from 30.7% a year earlier, and the highest share in nine years, according to an analysis by Redfin. All-cash purchases are making up a bigger portion of the home buying pie for one major reason: higher mortgage rates are deterring home buyers who take out mortgages more than they are deterring all-cash buyers. Overall home sales fell 41% from a year earlier in April in metro areas included in Redfin’s analysis, which comprised 40 of the most populous U.S. metros. That compared with a 35% decline for all-cash sales. Mortgage rates are near their highest...

Locations: U.S

[1/5] Customers stand next to a counter at a Starbucks' outlet at a market in New Delhi, India, May 30, 2023. Starbucks plans to open more stores in smaller towns, said an industry source, who spoke on condition of anonymity. Soon after Starbucks' May launch of $3.33 milkshakes, designed to attract children, Third Wave launched its own range, a fifth cheaper at $2.71. He saw Starbucks' cheaper, small-sized drinks as a response to competition in "an incredibly price-sensitive market". "Going deeper into smaller cities, beyond the metros, is the only way to grow," said Ankur Bisen, head of retail at India's Technopak Advisors.

Persons: Sushant Dash, Tim Hortons, Devangshu Dutta, We've, chai, Chas Hermann, Sushant Goel, Matt Chitharanjan, Dash, Ankur Bisen, Sriram, Aditya Kalra, Anushree Fadnavis, Varun Vyas, Euan Rocha, Miyoung Kim, Sophie Yu, Hilary Russ, Clarence Fernandez Organizations: REUTERS, MUMBAI, Blue, Starbucks, Tata Group, BET, CHAI, Wave, Third, Reuters, Blue Tokai, India's Technopak, Thomson Locations: New Delhi, India, American, DELHI, U.S, Blue Tokai, China, Singapore, United States, Bengaluru, Delhi, Aurangabad, Beijing, New York

☆ Flagship hotels are becoming collateral damage in San Francisco's office mess
▼ + stars: | 2023-06-06 | by ( Al Yoon | ) www.businessinsider.com time to read: +2 min

Park Hotels & Resorts, an investment company, defaulted on a $725 million San Francisco hotel loan. The company's CEO plans to give up the properties, blaming remote work and "street conditions." This week, Park Hotels & Resorts, one of the largest publicly-traded hospitality investment companies with more than 29,000 rooms, chose to default on a $725 million loan secured by two flagship San Francisco hotels, the Hilton San Francisco Union Square and its Parc 55, about a block away. The "burden" of the properties was just too great, and it's not only because workers are abandoning the area, Thomas Baltimore, the Park Hotels CEO, said in a statement. San Francisco has been one of the large urban metros hit hardest due to remote work and the outright exits of large technology companies.

Persons: —, it's, Thomas Baltimore, –, Salesforce Organizations: Resorts, San, Service, Hotels, Hilton San Francisco, Square, Park Hotels, metros Locations: San Francisco, Francisco, Baltimore

☆ I visited Helsinki, Finland's capital city. I can see why it's one of the happiest places in the world — even if the locals don't think so.
▼ + stars: | 2023-06-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

The city has a strong sense of communityHelsinki may be a capital city, but at times it felt like a small town. Visit Finland calls design an "essential cornerstone of the city," integral to the way the capital city functions. Public spaces, such as Oodi Helsinki's new central library, receive large amounts of state funding for construction. InsiderHelsinki's public spaces are often built to blend into natural settings. The city felt safeFinland benefits from high levels of social trust — and despite being the capital, Helsinki is no different.

Persons: —, they'll, Alvar Aalto Organizations: Service, Gallup, Helsink, metros, Helsinki Locations: Helsinki, Finland, Helsinki's

☆ The 10 U.S. cities where people are most satisfied with their jobs—New York didn’t make the cut
▼ + stars: | 2023-06-04 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

To find out where some of the happiest employees in the U.S. live, workplace insights platform Glassdoor created a list of the top cities with the most satisfied workers. Here are the top 10 cities with the most satisfied employees in the U.S., along with the average salaries for workers in those cities, according to Glassdoor:Provo, UtahAverage overall company rating: 3.94Average annual salary: $61,973San Jose, CaliforniaAverage overall company rating: 3.88Average annual salary: $117,188Santa Barbara, CaliforniaAverage overall company rating: 3.87Average annual salary: $72,240College Station, TexasAverage overall company rating: 3.83Average annual salary: $43,118Boston, MassachusettsAverage overall company rating: 3.82Average annual salary: $87,433San Francisco, CaliforniaAverage overall company rating: 3.81Average annual salary: $108,426Gainesville, FloridaAverage overall company rating: 3.81Average annual salary: $50,026Washington, DCAverage overall company rating: 3.80Average annual salary: $87,374Salt Lake City, UtahAverage overall company rating: 3.79Average annual salary: $69,274San Diego, CaliforniaAverage overall company rating: 3.79Average annual salary: $77,027California is the clear winner, boasting four of the top 10 cities on the list. New York City ranked last on Glassdoor's list, with an average company rating of 3.72. According to PayScale, the average cost of living in New York is 128% higher than the national average. 1 career move that made them happierThe fastest-growing jobs that don't require a bachelor's degree, according to LinkedIn—some pay over $100,000

Persons: Glassdoor, PayScale, — Organizations: Santa, Station, ., . New York City Locations: U.S, Glassdoor, Provo , Utah, Jose , California, Santa Barbara , California, Texas, Boston, Massachusetts, Francisco , California, Gainesville, Florida, Washington, Salt Lake City , Utah, Diego , California, California, Jose, San Francisco, America, . New, New York

☆ The housing market has never been this unaffordable for new buyers
▼ + stars: | 2023-06-03 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

New home buyers are facing the least affordable market ever, data from the Mortgage Bankers Association shows. A higher reading indicates declining borrower affordability conditions, due to either increasing loan amounts, rising mortgage rates, or a decrease in earnings. Meanwhile, the national median mortgage payment was $2,112 in April, up from $2,093 the prior month, per MBA data. As the Federal Reserve began raising interest rates in 2022, mortgage rates on 30-year fixed loans more than doubled from 3% to above 7%. As of now, with the Fed having made 10 consecutive rate hikes and the June meeting looming, mortgage rates are hovering just under 7%.

Persons: —, Edward Seiler, MBA's, Seiler, Goldman Sachs Organizations: Mortgage Bankers Association, Service, Privacy, Mortgage, Association, Mortgage Bankers, Federal Reserve, Baltimore Locations: Idaho, Nevada, Arizona, Florida, California, Louis, Detroit, Chicago

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