US Median Housing Rent Jumps To $1,653, Highest Since 2022: ‘Demand From Young Renters Remains High’
Median US asking rent rose 0.8% to $1,653 in May, highest since Oct 2022, reflecting strong demand and limited supply.
Why Owning A Home Is Now Far More Expensive Than Pre-Pandemic Levels
Homeownership costs in the US have risen 26% since the pandemic began, with an average annual cost of $18,118. Expenses have increased in all states.
Axos Fights Back Against Short Seller’s ‘Evergreening’ Allegations
Axos Financial says Hindenburg Research's short report is misleading and false. Its latest earnings call provided credit updates and there have been no changes since then, company says. ment and the company's favorable credit metrics are not manipulated. AX shares are up 0.32% at $50.41.
Ford Reveals $900M Renovated Michigan Central Station Project: Diana Ross, Jack White To Headline Opening Concert At Detroit Landmark
Ford Motor Co's project to restore Michigan Central Station is ending with a public unveiling on Thursday. Ford bought the property in 2018 and spent $900 million in renovations. It will employ 2,500 workers by 2028 and serve as a landmark for Detroit.
Doom And Gloom In Office Space Real Estate? Delinquency Data Tells Another Story
Delinquency data suggests office real estate may not be as doomed as Wall Street predicts. Current rates are low compared to historic peaks.
Will Rent Prices Finally Cool Down? Key Indicator Offers Hope, But Major Cities Remain Unaffordable
Rent prices may finally drop as vacancies increase, pushing landlords to lower rates and tenants to stay longer in their units.
Stocks Dip Even With Traders Hopeful For September Rate Cut; Bonds Extend Rally, Oil Plummets: What’s Driving Markets Tuesday?
Growth concerns dragged stocks lower on Tuesday, with all major indices trading in the red as investors took a cautious tone on riskier assets.
Pressure Mounts On Fed As Eurozone, Canada Plan Interest Rate Cuts This Week
In a Monday interview, Minneapolis Fed President Neel Kashkari advocated for maintaining the current Fed rate in the U.S. for a longer period.
Buy These REITs for Yields Up to 5.7% and Dividend Growth
Real estate investment trusts (REITs) own, operate, or finance income-generating real estate. REITs allow individuals to invest in…
Home Sellers Slashing Prices At Fastest Rate In Nearly Two Years: What’s Going On?
A new report from Redfin shows high home prices, but a decline in applications to buy homes and selling prices being cut at a high rate.