rent
Rents are finally falling for the first time in years and after record hikes last summer. In fact, rents will continue to drop through the rest of the year. US Median Rent FallsThe US median rent in May fell from May 2022, the first annual rent decline in at least three yearsIn May, the national median asking rent was $1,739, which was up ($3) from April but down 0.5% from May 2022.July 2022’s peak was $1,777, but rents remain nearly 25% higher than in 2019.Predicts that rents will continue to drop, averaging -0.9% from 2022.Rental-driven inflation is likely behind us,Those who have not moved ...
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In his podcast addressing the markets today, Louis Navellier offered the following commentary. The Labor Department reported the CPI in March rose 0.1% and 5% during the past 12 months (down from a 6% annual pace in February). The good newshttps://www.valuewalk.com/cpi-fireworks-told-you/ is the CPI is now running at the slowest annual pace in nearly two years (since May 2021). However, the core CPI, excluding food and energy, rose 0.4% in March and 5.6% in the past 12 months (up from a 5.5% annual pace in February). Energy prices declined 3.5% in March, while food prices were unchanged. Q1 20...
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New Data Drop Brings Good News for Most (But Not All!) Renters Dwellsy’s March data report reveals that nationwide, rents have barely budged since February. However, some markets have seen more major changes in median asking rent. Q1 2023 hedge fund letters, conferences and more “Furthermore, year-over-year changes look downright reasonable,” says Jonas Bordo, CEO and cofounder of Dwellsy, and coauthor along with Hannah Hildebolt of Everything You Need to Know About Renting But Didn’t Know to Ask: All the Insider Dirt to Help You Get the Best Deal and Avoid Disaster (Matt Holt, August 2023, IS...
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Alexandria (United States) (AFP) - For nearly eight years, driving for a ride-hailing platform and making deliveries helped Laine Carolyn pay her bills -- but a sudden deterioration in health forced her to stop work and fall behind on rent. Carolyn, 32, is among an increased number of US tenants confronting eviction risks in the face of high inflation, elevated rents and with the end of pandemic-era aid. The country sees 3.6 million eviction cases filed in a typical year, said Peter Hepburn, associate director of Eviction Lab at Princeton University. But that number slowed to a trickle during ...
AFP
Dwellsy’s February data drop reveals that rents have decreased by a small margin, which is especially good luck for beleaguered single-family home renters. Q4 2022 hedge fund letters, conferences and more “Apartment-dwellers, for whom rent has stayed relatively flat over the past few years, may not feel that they’ve been that lucky,” says Jonas Bordo, CEO and cofounder of Dwellsy. “But folks who live in single-family home rentals (SFRs) are probably thrilled. After January, rent rose an unexpected 7.4 percent, so any decrease, no matter how small, is bound to be a relief.” Bordo says it’s impo...
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Small Business In Transportation Sector Couldn’t Pay February RentThe situation is especially challenging for a few industries, with transportation (car and limo services, taxis, and trucking companies) topping that list. In February, 53% of SMBs in the transportation sector couldn’t pay their rent, up 16 percentage points from January. Q4 2022 hedge fund letters, conferences and more Construction firms are now at a rent delinquency rate of 43% (up 13% over last month), restaurants are at 40% (up 2%), and the automotive industry is at 39% (up 23% over Jan.). Some states are also experiencing h...
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In his podcast addressing the markets today, Louis Navellier offered the following commentary. Rolling RecessionQ4 2022 hedge fund letters, conferences and more Ed Yardeni likes to call the current economic environment a “rolling recession,” which I believe is an excellent description of the conundrum we are now in the midst of at the present time as the Fed continues to raise key interest rates. Suspicious ResignationI do not mean to be a conspiracy theorist, but I said on Fox Business that I did not trust the January payroll report and retail sales report due to “positive” seasonal adjustmen...
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Dwellsy’s January data drop shows that 2023 is off to a surprising (read: expensive) start, particularly for renters seeking single-family homes or properties in sought-after locations. Q4 2022 hedge fund letters, conferences and more “Let’s start with the good news: The median January asking rent for apartments remained relatively flat, dipping down a percentage point since December,” says Jonas Bordo, CEO and cofounder of Dwellsy. “It’s possible that we’re already seeing the effects of increased supply as newly built rentals enter the market.” And now (you knew it was coming), here’s the not...
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The bad news? If you live in one of the most expensive rental cities in the U.S., you’re still paying your landlord quite a bit each month. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorFinding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help you achieve your financial goals, ge...
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By Mohammed Kudrati A viral claim on social media, stating that the government will be charging 18% Goods and Services Tax (GST) on the rent paid by residential tenants is misleading, as the GST will only be levied on those tenants who themselves are registered under the GST. This change largely applies to corporate entities, businesses or persons who are GST-registered, and are renting residential property. It will not apply to salaried individuals since they are not registered under the GST. According to the Central Board of Indirect Taxes, those businesses having a turnover exceeding ₹40 la...
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