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☆ The US cities where renters are struggling the most
▼ + stars: | 2024-07-02 | by ( John Towfighi | Eliza Relman | ) www.businessinsider.com time to read: +4 min

Related storiesIn Florida, there are five metro areas where more than 60% of renters are cost-burdened. Two Pennsylvania metro areas were in the top 10 for the highest percentage of cost-burdened renters: State College and East Stroudsburg, at 63% and 61%, respectively. According to the Harvard report, 45% of renters in Stillwater, Oklahoma, are severely cost-burdened, the highest percentage in the nation. AdvertisementCorvallis, Oregon; Port St. Lucie, Florida; and State College, Pennsylvania, are the three metro areas that are in the top 10 for both cost-burdened and severely cost-burdened renters. Home prices and mortgage interest rates have surged in recent years, putting homeownership out of reach for even more renters.

Persons: —, Alexander Hermann, erelman@businessinsider.com Organizations: Service, Harvard Joint Center for Housing Studies, Business, Harvard, Harvard's, for Housing, State College, East, State College , Locations: Naples , Florida, Corvallis , Oregon, Florida, Naples, Marco, Port St, Lucie , Florida, Pennsylvania, East Stroudsburg, Stillwater , Oklahoma, State College , Pennsylvania

☆ The best songs this summer sound like total nonsense. That's a good thing.
▼ + stars: | 2024-06-30 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +7 min

"Brat," along with viral hits like Sabrina Carpenter's "Espresso" and Tinashe's "Nasty," have ushered in a season of pleasure and levity — what my friends and I have been calling a "smooth brain summer." The primary lure of pop music has always been escapism. Indeed, we've lived in a pop world dominated by Taylor Swift and refashioned in her likeness for several years. These peculiar bops form the perfect foundation for a "smooth brain summer" soundtrack — though please note that doesn't mean they're devoid of value or meaning. An appetite (and a need) still exists for complex metaphors, history lessons, and personal revelations in pop music — but now is not the time.

Persons: —, Mitski, Noah Kahan, Ethel Cain, bumpin, Sabrina Carpenter's, ure, ike, ike O livia R odrigo, l, odrigo, ake, ould, ike T ikTok, ong, abel, alue Organizations: Service, Business, DJ, ust

☆ It took a woman 3 years and cost her $200K to kick a tenant out of her LA home. She says she cried when she saw the bloody mess he left.
▼ + stars: | 2024-06-29 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +6 min

AdvertisementImages provided to BI appear to show blood-stained floors, cracked countertops, and, disturbingly, a life-sized human dummy. An image provided to Business Insider appears to show a human dummy alongside packets of zip ties in Alison Weinsweig's apartment. Kohanim left the property in April, but Weinsweig alleges that her former tenant has yet to return the keys or fob. AdvertisementA photograph provided by Alison Weinsweig appears to show blood on the floor of the bathroom in her apartment. Other images provided to BI also appear to show a life-sized dummy on the bathroom floor, next to zip-tie packets.

Persons: —, Alison Weinsweig, I'd, Weinsweig, Alison Weinsweig's, Ramin, Kohanim, didn't Organizations: Service, Business, BI, LA, Superior, Weinsweig Locations: Wilshire, Pennsylvania, California, Los Angeles, Weinsweig

☆ The Supreme Court just made it easier for governments to remove unhoused people from public spaces
▼ + stars: | 2024-06-28 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Read previewThe Supreme Court on Friday ruled that it's constitutional for local governments to make it illegal to sleep in public places, even when there isn't sufficient shelter space. The case — City of Grants Pass v. Johnson — is the most consequential the court has decided dealing with homelessness in decades. AdvertisementThe Supreme Court ruled that laws regulating sleeping in public places don't constitute cruel and unusual punishment. Homeless rights activists held a rally outside the U.S. Supreme Court on April 22, 2024, the day the court heard oral argument in City of Grants Pass, Oregon v. Johnson. An increasing number of cities and states across the country have passed laws — often anti-camping ordinances — similar to that in Grants Pass.

Persons: —, Johnson —, Justice Neil Gorsuch, Johnson, California —, Gorsuch, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Kevin Dietsch, Gavin Newsom, Newsom, Ron DeSantis, Jesse Rabinowitz Organizations: Service, Business, Circuit, Homeless, U.S, Supreme, Democratic, California Gov, Gov, National Homelessness Law Center Locations: Grants, Grants Pass , Oregon, Martin v, Boise, California, City, Grants Pass, Oregon, Florida

☆ 'Forget about Florida' and 6 other key pieces of real estate advice from Barbara Corcoran
▼ + stars: | 2024-06-28 | by ( Celia Fernandez | ) www.cnbc.com time to read: +6 min

Barbara Corcoran has been in the real estate industry for over 40 years. Barbara Corcoran has made quite a name for herself with more than 50 years in the real estate business. Over the years, Corcoran has shared key pieces of real estate advice on various topics, including the best places to buy a home, why young people should invest in real estate early, and more. Finally, "you want to make sure you make the key improvements in your kitchen," Corcoran said. "Ask them if they have any special discounts for good customers who have been banking with them for a while," Corcoran recommends.

Persons: Barbara Corcoran, Corcoran, Elvis Duran, There's, there's, Young, it's Organizations: Sunshine State, CNBC Locations: Florida, U.S, …, New York

☆ Over 65, With No Place to Call Home
▼ + stars: | 2024-06-28 | by ( Andy Newman | ) www.nytimes.com time to read: +1 min

Robert Kirk, a retired jack of many trades, finds himself homeless at the age of 74 after a chain of events that could happen to almost anyone. His landlady in Brooklyn died, the building’s new owner raised the rent and later evicted the tenants, and he could not find another apartment he could afford with his Social Security check. Now his neighbors at a hotel shelter in Brownsville, Brooklyn, include a 69-year-old ambulette driver who lost his job and apartment after a leg injury, a 73-year-old former plasterer from Panama and a 78-year-old retired sushi chef from Japan. They are among the swelling ranks of older people who are homeless in New York City. According to a report released on Thursday, the number of single adults ages 65 and older in the city’s main shelter system more than doubled from 2014 to 2022, growing nearly three times as quickly as the number of younger single adults in shelters.

Persons: Robert Kirk Locations: Brooklyn, Brownsville , Brooklyn, Panama, Japan, New York City

☆ For Atlanta entrepreneurs, how to vote comes down to more than 'How's business?'
▼ + stars: | 2024-06-27 | by ( J.J. Mccorvey | ) www.cnbc.com time to read: +8 min

He applauds the Biden administration's efforts to extend federal student loan relief and access to capital to entrepreneurs, for example. Today, Trump leads Biden in Georgia by 43% to 38%, according to a new Atlanta Journal-Constitution survey of likely voters, an edge just outside its 3.1% margin of error. Social issues are business issues," said Molly Dickinson, founder of Banner Day, a branding agency that works closely with "traditionally underserved" entrepreneurs. "Small-business owners make business decisions based on how comfortable they feel in their home lives and in their everyday lives." "Business has been OK," Chey said, but food and labor costs have taken a toll.

Persons: Ryan Wilson, Joe Biden, Donald Trump, Wilson, applauds, Biden, Trump, Deonte Atkins, Atkins, I'm, he's, they've, Black, hadn't, Bill Clinton, Rafael Warnock, Jon Ossoff, Molly Dickinson, Dickinson, Rich Chey, Chey's, Chey, We're Organizations: CNN, Turner Entertainment Networks, Atlanta, Area Development, White, Za'Acai, Republican, Democratic, Biden's, Sens, Trump, GOP, Banner Locations: Atlanta , Georgia, Atlanta, Houston, Georgia, Midtown Atlanta, Ukraine, Israel, New York, Atlanta's Fulton

☆ Hongkong Land plans $1 billion luxury retail destinations in financial hub
▼ + stars: | 2024-06-27 | by ( ) www.cnbc.com time to read: +1 min

Hongkong Land announced a more than $1 billion, three-year investment in ultra-luxury retail in the heart of the city's financial district on Wednesday. Hongkong Land announced a more than $1 billion, three-year investment in ultra-luxury retail in the heart of the city's financial district on Wednesday. The expansion plan comes against a backdrop of overall sliding retail and office markets in Hong Kong, where vacancy rates are at record high levels. But Hongkong Land said its "Very Important Customer" group has continued to spend more in 2023 and 2024, an average of HK$1 million ($128,080) each last year. VIC contributed around 80% of the company's luxury retail sales in Hong Kong.

Persons: Jardine Matheson, Cartier, Louis Vuitton Organizations: Hongkong Land, Hong Kong's, Tiffany, Co, Louis, HK, VIC Locations: Hong, Hong Kong

☆ When Your Building Super Is an A.I. Bot
▼ + stars: | 2024-06-26 | by ( Julie Weed | ) www.nytimes.com time to read: +1 min

The new maintenance coordinator at an apartment complex in Dallas has been getting kudos from tenants and colleagues for good work and late-night assistance. That’s because the maintenance coordinator is an artificial intelligence bot that the property manager, Jason Busboom, began using last year. The bot, which sends text messages using the name Matt, takes requests and manages appointments. The team also has Lisa, the leasing bot that answers questions from prospective tenants, and Hunter, the bot that reminds people to pay rent. assistant: Lisa is professional and informative; Matt is friendly and helpful; and Hunter is stern, needing to sound authoritative when reminding tenants to pay rent.

Persons: Jason Busboom, Matt, Lisa, Hunter, Busboom Locations: Dallas, Cypress Waters

☆ A San Francisco home worth $1.8 million was just listed for $488,000—but the new owners can't move in until 2053
▼ + stars: | 2024-06-25 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

The three-bedroom property, built in 1924, listed earlier this month is worth $1.8 million but is currently priced at $488,000, according to The San Francisco Standard. The property will be sold as is, meaning the new owners will become the current tenants' new landlords. The San Francisco metro area is one of the most expensive place to live. To afford life in a big city like San Francisco, you'd have to make double what most Americans earn, according to a May Moody's Analytics analysis. The unusual sale is partly due to a family feud, according to The San Francisco Standard.

Persons: you'd, Sandra Lee, Cheryl Lee, Todd Lee, Sandra, didn't, Lee Organizations: San Francisco, San Francisco Standard, North, CNBC Locations: San Francisco's, San Francisco, Russia Hill

☆ Netflix wants to be Disney when it grows up
▼ + stars: | 2024-06-24 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +6 min

The company will unveil its first Netflix House venues in 2025 at two US-based malls: King of Prussia and Galleria Dallas. "We've launched more than 50 experiences in 25 cities, and Netflix House represents the next generation of our distinctive offerings. At a 2019 conference, former Disney CEO Reed Hastings said that Netflix admired Disney. Advertisement"Think of Hollywood Studios," McCoy said, referring to the Walt Disney World theme park. Netflix House and then Netflix World?

Persons: —, of Prussia, We've, Marian Lee, Joe Burbank, Reed Hastings, playbook, Steinberg, Ericka McCoy, there's, King of Prussia, McCoy, Matt Voda, Voda, it's Organizations: Service, Netflix, Galleria Dallas, Business, Walt Disney Company, Walt Disney, Orlando Sentinel, Tribune, Getty, Disney, Zeta Global, . Orlando Sentinel, Sears, Hollywood Studios, Hollywood Studios . Orlando Sentinel, OptiMine Locations: California, Magic, Florida, Lycoming Mall, Pennsylvania

☆ Millennials who can't afford to buy homes are helping make suburban Chicago and Miami the most competitive rental markets in the US
▼ + stars: | 2024-06-19 | by ( Eliza Relman | ) www.businessinsider.com time to read: +1 min

Miami-Dade County is the most competitive rental market in the US. 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 . AdvertisementWith much city real estate increasingly out of reach and many millennials finally settling down, the suburbs are in high demand. And nowhere is that more evident than in Miami-Dade County in Florida, which is the most competitive rental market in the country, according to a new report from RentCafe.

Persons: — Organizations: Miami, Suburban, North, Nationwide, Service, Business Locations: Dade County, Suburban Chicago, North New Jersey, Miami, Florida, RentCafe

☆ New York City briefly opened its housing voucher waitlist. But getting that assistance is as unlikely as getting into Harvard.
▼ + stars: | 2024-06-15 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

Finding an affordable apartment in New York City has become ever more challenging for low-income people — and an expansion of key federal assistance isn't likely to help much. Ultimately, though, it will only issue 20,000 new vouchers, bringing the total number of vouchers up from about 96,000 to about 115,000, the New York City Housing Authority said. AdvertisementNew York City has the largest housing voucher program in the country, but it still falls far short of need. Discrimination against housing voucher holders by landlords is pervasive, even in places that prohibit it. Fully funding housing vouchers is key.

Persons: isn't, Gothamist Organizations: Service, New, New York City Housing Authority, Harvard University, of Housing, Urban Development Locations: New York City, York City, New York

☆ Giant Loophole May Protect Trump Liquor Licenses Despite His Felonies
▼ + stars: | 2024-06-13 | by ( Laura Italiano | Haven Orecchio-Egresitz | ) www.businessinsider.com time to read: +5 min

New Jersey officials revealed this week that they are looking at the licenses at his three golf courses there. AdvertisementThese states prohibit felons or people convicted of "moral" offenses such as fraud from holding a liquor license. Say Trump is landlord to the bar operators at one of these properties, and it's the bar operators who hold the liquor license, Pierce said. If Trump is charging the bar a flat rent, his felony status won't impact that liquor license. Trump would still have options, though, even if his hush-money conviction voided one or more of his liquor licenses.

Persons: —, Donald Trump, William Fay, Fay, he's, Aaron H, Pierce, Trump, Kwok Organizations: Service, Trump, New, New Jersey Attorney, Business, ABC Locations: ., Jersey, Colts Neck, Bedminster, Pine Hill, New Jersey, New Jersey , New York , Florida, California, United States, Manhattan, New York

☆ Luxury developer Michael Shvo has big plans. Bitter disputes and a soft real estate market threatens to thwart them.
▼ + stars: | 2024-06-13 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +15 min

Amid the whirlwind of activity, the 51-year old, Israel-born executive has presented himself as a real estate visionary with a personal preference for all-black attire and a taste for luxury brands. BVK recently hired the residential brokerage firm Corcoran Group to complete a market study of the Fifth Avenue project, a person who viewed the report said. Miller noted he did not have direct knowledge of the situation at 685 Fifth Avenue. At 685 Fifth Avenue, he recently marked down prices for some of the units. In contrast, the Shore Club, which is being built by the New York real estate developer Steve Witkoff just a few hundred yards away from the Raleigh has pre-sold briskly.

Persons: —, Michael Shvo, Shvo, Peter Marino, Norman Foster, Renzo Piano, BVK, Corcoran, Jonathan Miller, Miller Samuel, Miller, Pam Liebman, Corcoran's, Truist, Michael Lirtzman, Akuna, Lirtzman, I've, Scott Wadler, Wadler, Jed Jacobsohn, John Goodman, Diane, –, Goodman, profanely, Serdar, Shvo's, Bilgili, Deutsche Finance didn't, Alex Miranda, I'm, Steve Witkoff, Morgan Chase Organizations: Service, Bayerische, Deutsche Finance, Business, GFI, Group, Shvo, Wabash, Akuna, Colliers, Wabash –, Raleigh, Core, New York State, Noë, Associates, West, Bilgili, BVK, Shore Club, New Locations: New York, Manhattan's Plaza, Los Angeles, Miami Beach, Raleigh, Israel, Wilshire, LA, Manhattan, Chicago, Miami, Paris, South Florida, San Francisco, Manhattan's, Turkish, BVK, Wabash, Shvo, Munich

☆ Luxury developer Michael Shvo has big plans. Bitter disputes and a soft real estate market threaten to thwart them.
▼ + stars: | 2024-06-13 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +15 min

☆ A seasoned real estate investor who's shifting his investment philosophy to be more mission-based explains how any investor can give back while still profiting: 'It doesn't have to be a zero-sum game'
▼ + stars: | 2024-06-09 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

With the newfound time, "I've thrown myself back into the real estate company," the early retiree told Business Insider. He understands the importance of cash flow but is also convinced that investors at earlier stages in their careers can give back to their communities while also turning a profit. "It's all just percentages: You don't have to give out 90% of your units for affordable housing, but you can do one. He purchased his first affordable housing unit — a single-family home in Fairfield, Alabama that he'll rent on a long-term basis to a Section 8 tenant — in 2023. AdvertisementIt won't cash flow as much as his Airbnb properties, he said, but it allows him to diversify his portfolio.

Persons: Matt, I've, wasn't, Kent, —, That's, haven't Organizations: Service, Business, Government Locations: New Hampshire, Diego, Fairfield , Alabama

☆ What Retail Apocalypse? Shopping Centers Are Making a Comeback.
▼ + stars: | 2024-06-09 | by ( Joe Gose | ) www.nytimes.com time to read: +1 min

Shopping center landlords have found themselves in a wholly unfamiliar position: For the first time in 20 years, demand for retail space outstrips supply. That demand has soared recently and, after years of muted construction and a purge of weak-performing properties, met a retail market with less available space. Properties that survived the purge signed up tenants that would draw more shoppers and give them more reason to linger. That meant more restaurants and venues that promote recreational experiences, like ax throwing and, more recently, pickleball. It also meant less space for traditional retailers that weren’t performing as well, like bookstores and apparel brands.

Persons: “ there’s, ”, Barrie Scardina, Cushman & Wakefield Organizations: Cushman & Locations: Americas, Cushman & Wakefield

☆ Insider Today: Asia's superpower clash
▼ + stars: | 2024-06-09 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

The latest to get in on the act: Tesla, which is selling a $450 bottle of mezcal on its website. The election result was a blow to Modi, who has governed India for a decade with an increasingly firm grip. India watchers expect the country's new government to move slower on some issues following the surprise election result. NvidiaGoing up against Nvidia is generally considered a pretty bad idea for startups in Silicon Valley. But Silicon Valley often thrives when true technologists keep hacking away at something they believe in, even if everyone else thinks it's dumb.

Persons: —, Narendra Modi, SAJJAD HUSSAIN, Modi, He'll, Jamie Dimon, Dominic Bugatto, Alyssa Powell, hawking, Goldman Sachs, Goldman, HWA CHENG, Chelsea Jia Organizations: Service, Business, Bharatiya Janata Party's, Bharatiya Janata Party, titans, UN Security Council, Southern, Southern District of, Goldman, BI, HWA, Getty Images, Nvidia Locations: India, New Delhi, China, Southern District, Southern District of Texas, Salt Lake City, Nashville, Atlanta, AFP, Silicon Valley

☆ It’s all about fun and games now at these dead former Sears stores
▼ + stars: | 2024-06-06 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +7 min

New York CNN —In Florida, a handful of dead mall anchor Sears stores, left vacant and unmoored by the iconic retailer’s bankruptcy six years ago, are being jolted back to life. Oca said all venues Elev8 Fun uses are converted commercial spaces of more than 100,000 square feet. Construction began in the empty Sears stores at the citrus Park Mall in early 2022 and the facility opened in May 2023. The team also studied the local demographic and competitors to decide which attractions made sense to include in each new Elev8 Fun center. So we decided to put all of the attractions that we could into that former Sears store,” Oca said.

Persons: Oca, ”, Solomon, Victor Calanog, ” Calanog, “, pickleball, Elev8, Lainie Solomon Calanog, Lainie Solomon, “ Sanford, Jim Hull, “ I’m, ” Hull Organizations: New, New York CNN, Sears, Design Lab, CNN, Oca, Seminole, Treasure, Miami International, Entertainment, Manulife Investment Management, Industry, Construction, Walt Disney World, Universal Studios, Hull Property Group, ” Hull Locations: New York, Florida, Tampa , Florida, Sanford , Florida, Tampa, Jensen, Miami, Sanford, Orlando, Hull, Citrus

☆ Golden Age for Rich Renters: Deals Make It Better Than Buying a Home
▼ + stars: | 2024-06-05 | by ( James Rodriguez | ) www.businessinsider.com time to read: +10 min

The result is that class A units account for more than half the apartment market, compared with one-third in the early 2000s, according to Moody's Analytics. High-end apartments that offer amenities up the wazoo — and rent breaks, to boot — represent a tantalizing alternative to the for-sale market right now. But as with all good things, the golden age for America's wealthy renters must also come to an end. Nations told me she still hoped to buy a home one day. "I know how challenging it is to rent in Nashville, especially on your own," Nations told me.

Persons: Emily Nations, she's, Nicole Bachaud, Rich, Joel Sanders, Sanders, Doug Ressler, David Brasington, Ressler, they're, — Organizations: Trinity, cabana, Nations, Analytics, University of Cincinnati, Census Locations: Nashville, downtown, Nations, New York, Salt Lake City, Atlanta, America, Houston, Austin, Phoenix, Charlotte, North Carolina, Raleigh , North Carolina, Tampa , Florida

☆ 'Chopped'-winning celeb chef who didn't pay rent for over 4 years gets evicted
▼ + stars: | 2024-06-05 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA celebrity chef who skirted rent payments for four and a half years has officially been evicted from his Brooklyn apartment, according to media reports. Cowan first moved into the 1-bedroom $2,700/month apartment in October 2019, but he hasn't paid any rent since January 2020, the Post reported. AdvertisementIn Queens, New York, a couple is in a legal battle with a man refusing to leave their recently purchased $2 million home. The four-bedroom home had a pool, a spa, and a cabana — a lush dwelling while not paying rent.

Persons: —, Madison Cowan, Cowan, hasn't, Cowan —, Scarlett Johansson, Mos, Halle Berry, Gus Sheha, Sheha Organizations: Service, New York Post, Business, WABC, Fox News Locations: Brooklyn, Queens , New York, New York City, Texas, Beverly Hills

☆ See inside Ford's new tech campus, a century-old Detroit train station restored for $950 million
▼ + stars: | 2024-06-03 | by ( Michael Wayland | ) www.cnbc.com time to read: +8 min

The $950 million project encompasses the 18-story former train station called Michigan Central Station – once the state's marquee transit building – an adjacent 270,000-square-foot building and other, supporting facilities. The 30-acre "Michigan Central" campus and station was initially announced in 2018 and slated to open by 2022. Train station campusThe Michigan Central campus is located southwest of Detroit's main business district in a trendy neighborhood known as Corktown. The Michigan Central campus in total spans 1.2 million square feet of commercial space, including retail, restaurants and hospitality. The restored grand waiting room inside Ford's Michigan Central Station in Detroit.

Persons: Michael Wayland, Bill Ford Jr, Ford, Bill Ford, He's, Henry Ford, Ford Ford, Josh Sirefman, it's, It's Organizations: CNBC DETROIT, Michigan Central, Ford, CNBC, General Motors, Renaissance, eBay, Michigan Central Station, Detroit, Michigan, Central Station, CNBC Ford, Architects, Detroit Public, Depository, Google, Detroit Lions Locations: Motor, Michigan, Detroit, Silicon Valley, California, East, Detroit's, Dearborn , Michigan, Ford's, Mankato, Indiana, CNBC, Motor City, Pontiac, Rouge

☆ How a peak boomer lives 'perfectly comfortably' on less than $30,000 a year after moving from Texas to tiny homes in New York and Florida
▼ + stars: | 2024-06-03 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Read previewSam Mitchell, 64, has a yearly income of below $30,000 a year from Social Security. It's a very different way of life from the corporate real estate job he had 15 years ago in Austin making six figures and owning five homes. "I am making a fourth of the money I was making in 2008, but nobody is going to do it." AdvertisementMoving to New York and FloridaTo start life anew, he bought a farm in Peru and built a small house. AdvertisementOnce Social Security payments kicked in, he relied on the $900 a month to get by.

Persons: —, Sam Mitchell, they're, Mitchell, It's, Keller Williams, Austin, Sancho Panza, he's Organizations: Service, Social Security, Business, Social, University of Florida, South, Southwest, Austin City, Austin Locations: New York, Florida, Austin, Ithaca , New York, Atlanta, Santa Cruz , California, Costa Rica, South Austin, Peru, Ecuador, California , Oregon, Washington, BestBuy

☆ 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

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