Single-family rent prices haven't been so high since 2006, per CoreLogic, while Morgan Stanley warns rent could cause inflation to normalize above 2%.
Rising rent prices might lead inflation to normalize above the Fed's 2% target, Morgan Stanley said. That could pose a problem for the central bank.
The median asking rent price in Williamsburg hit $US3,675 in November, a nearly 27% jump from a year earlier, real-estate blog StreetEasy said Wednesday. It’s the highest median asking rent Williamsburg has ever seen, reestablishing it as one of the most expensive neighbourhoods in Brooklyn, the report said. Rents had […]
San Francisco has undergone a dramatic transformation in the last 10 years. The city has built massive skyscrapers and welcomed major tech companies and their employees. It has also witnessed rising rents, an escalating homelessness crisis, and increasingly dirty footpaths. Visit Business Insider’s homepage for more stories. There was a […]
The average rent for a one-bedroom apartment in New York City is the highest its been in at least three years, according to a report by Zumper. On a national level, rent for a one-bedroom apartment increased by 0.1% to $US1,216, and the two-bedroom rent increased by 0.5% to $US1,471, […]
Winfield, New Jersey, is home to less than 1,500 residents, but most of its properties have a 25-year waitlist. Residents in Winfield hold stake in the the local housing authority, which owns all of the buildings. Keeping its population small has helped Winfield continue to offer low rents. You can […]
Nestpick, the world’s largest database for furnished apartment rentals, provided data to Business Insider about the average monthly salary needed to afford a single-person apartment in major cities. Monaco and Hong Kong top the list, followed by New York and San Francisco. Across 50 major cities, residents need to earn […]
A Silicon Valley landlord is renting his San Jose studio apartment to a pair of cats, whose owner couldn’t keep them in his own apartment, according to a San Jose Mercury News report on Sunday. Rent for the cats is $US1,500 per month. “Basically I’ve got two renters that don’t […]
A recent analysis found that Amazon’s second North American headquarters, HQ2, could drive up home prices in its chosen city by nearly 30%. The numbers differ for individual cities, with Newark, New Jersey, and Raleigh, North Carolina, expected to see the largest hikes. The longtime frontrunner, Washington, DC, would see […]
Renters have more than high rent costs to think about when finding a place to live. SmartAsset released a report on the best places to live in the US for renters based on seven metrics, from unemployment rate to average commute time. Turns out, the Midwest is a great area […]
Using data from RENTCafé, we found the most expensive and most affordable neighbourhoods in nine major US cities. The findings show a sharp contrast in rent across different neighbourhoods in the same city. The average monthly rent in San Francisco‘s most affordable neighbourhood is higher than rent in the most […]
The cost of living in Manhattan is more than double the US average. The NYC cost of living is so high partly due to its exorbitant housing market – the average rent for a Manhattan apartment is $US3,667. RENTCafé broke down the average rent for different Manhattan neighbourhoods, and we […]
Amazon’s second headquarters, called HQ2, will likely transform the city it comes to. Promising 50,000 workers and $US5 billion in investment, HQ2 will likely increase rent and home prices in its chosen metro, according to housing experts. Cities including Columbus and Indianapolis could see less dramatic increases in housing prices. […]
U.S. News released its 2018 best places to live in America ranking. The list was based on factors like cost of living, salary, and job opportunities. We narrowed down the list to find the best places to live where home prices and rent are lower than the national median. The […]
Apartment site RentHop analysed NYC apartments to find how far from the subway New Yorkers need to live to find cheap rent. In Brooklyn and Queens, rent can be up to 10% cheaper for apartments more than a half mile away from subway entrances. In Manhattan, apartments within ⅙ and […]
Amazon has narrowed its search for the site of its next headquarters, dubbed HQ2, to 20 cities. Amazon HQ2 would have great economic impact on the city it chooses, potentially lowering unemployment, increasing average wages, and raising rents. A report by Apartment List predicts Raleigh and Pittsburgh would feel the […]
New Yorkers sacrifice a lot for location.