New York City, NY

Columbus, OH

Fortune

Renters are getting better deals on apartments now, but asking rents are still considerably higher than pre-pandemic. For years, it’s felt as if rent has gotten out of control. And that’s partially true, considering median rent prices are more than 21% higher today than they were in 2019. But rents are starting to drop ever so slightly.

Renters finally get some good news as power begins to swing away from landlords

Nashville, TN

Jacksonville, FL

New York Post

Pandemic boom towns are facing a rental housing crisis, with eviction rates soaring as rents reach new heights. 

According to Princeton University’s Eviction Lab, cities across the Sun Belt — a region where many flocked in 2020 and thereafter in search of fewer COVID restrictions and lower costs of living — are seeing a massive increase in evictions, with filings up 35% compared to pre-pandemic levels.

Blame it on the pandemic-driven shifts in where Americans moved, lived and worked, which pushed rent prices through the roof — especially for area locals, whose salaries weren’t on par with the new arrivals. 



Justin...

High rents cause evictions to spike by 35% in pandemic boom towns

Dallas, TX

Business Insider

The "Million Dollar Listing" agent revealed the top five US cities where home prices are set to spike, from Atlanta to San Diego.

These are the 5 US cities you should buy a home in before you get priced out of the housing market, says 'Million Dollar Listing' real estate investor

Las Vegas, NV

Gainesville, FL

According to the Eviction Lab at Princeton University, home evictions have surged by over 15% nationwide compared to pre-pandemic levels, with five cities experiencing a particularly severe increase of at least 30%, driven by rising rent prices, high demand, and steep mortgage rates, causing significant financial strain especially on households without college degrees, who spend nearly 10% of their annual expenditures on rent.

Skyrocketing Evictions: The Top 5 U.S. Cities Feeling the Squeeze

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J. Souza

A fight between passengers marred the final night of a Carnival Cruise Line sailing on June 6th. The incident, which unfolded in the Lido Deck dining room onboard the Carnival Paradise, involved a group of women and resulted in thrown chairs and plates.

Cruise Ship Fight Near Buffet Captured on Camera, Passengers Banned for Life

Home prices are projected to increase in 2025. We're just halfway through 2024 and experts are already developing opinions about the 2025 housing market. According to Fast Company, which cites data from the ResiClub blog, most experts predict an average 2.5% rise in home prices during 2025. Goldman Sachs predicts the highest increase at 4.4%, while Moody's is the most conservative, expecting only a 0.3% rise. Beyond 2025, Goldman Sachs anticipates that home price growth will align with the historical average of 4.5% per year, while Moody's expects prices to remain relatively flat.

Here’s What Experts Are Predicting for the US Housing Market in 2025

Fox Business

Recent data from experts at Cox Automotive shows that Americans are still struggling with car payments. The number of defaults industrywide is up in the first half of 2024.

Americans are falling behind on their car payments

Lancaster County, PA

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NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

Alabama State

When you buy a home, your monthly expenses can run much higher than your mortgage payment. Home insurance, maintenance costs, home association dues and property taxes can spike your monthly outlay by hundreds or even thousands of dollars. That’s why it’s important to keep all of these costs in mind when searching for a home.

7 States With Cheap Housing Markets and Low Property Taxes

Middle-income households are feeling the squeeze after years of elevated inflation, and 66% reported they are falling behind due to the high cost of living in the U.S.

Two-thirds of middle-income Americans say they are falling behind due to cost of living: Primerica

24/7 Wall St.

Home prices are at an all-time high in the United States. After rising year-over-year for 11 consecutive months, the median sale price of existing homes hit a record-breaking $419,300 in May 2024, according to a new report from the National Association of Realtors. High prices are largely attributable to a lack of inventory, as high […]
The post Cities Where Home Prices Are Actually Falling appeared first on 24/7 Wall St..

Cities Where Home Prices Are Actually Falling

California State

In a concerning trend for California, numerous large companies are gearing up for significant layoffs, affecting thousands of workers across various industries. According to the WARN Tracker, California has seen a staggering 37,086 WARN layoffs this year alone, impacting 713 businesses statewide.

Concerns Rise as Massive Layoffs Hit California

Illinois State

Foreclosure rates in the U.S. dropped 4.4% in the first half of 2024 compared to the same period in 2023, despite significant increases in states like South Dakota (93%), North Dakota (86%), and Kentucky (73%); meanwhile, nationwide foreclosure activity saw a 7.8% rise from two years ago, suggesting a potential stabilization in the housing market, according to ATTOM's mid-year report.

Top US States Where Foreclosures Are Skyrocketing

Coral Gables, FL

Edmond Thorne

Tragic End for South Florida Hispanic Building Tycoon Sergio Pino. Fort Lauderdale, FL - In a shocking turn of events, prominent South Florida homebuilder Sergio Pino was found dead in his Coral Gables home on Tuesday morning. The Miami-Dade County Medical Examiner's Office confirmed that Pino died from an apparent suicide.

South Florida Tycoon Dead After FBI Raids on Homes and Office

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

WashingtonExaminer

Existing home sales fell in June for the fourth month in a row as median sales prices hit record levels, bad news for the housing market and the broader economy. Existing home sales in June fell a notable 5.4% to a seasonally adjusted annual rate of 3.89 million, the National Association of Realtors reported on Tuesday, as higher mortgage rates and home […]

Bad housing market news: Existing home sales plunge as prices hit record

New Jersey State

Texas State

Latin Times

The share of immigrants in the workforce has grown steadily over the last 15 years and more rapidly since 2020 as immigrants have returned to work more quickly post COVID-19 than their U.S.-born counterparts. As the U.S. economy increasingly relies on migrant labor, a new study by Brookings shows which states and occupations may see the highest need of foreign-born labor in the years to come.

California, Texas and New York among top states projected to have highest demand for work visas by 2030

The Conversation UK

The impact of higher mortgage costs is now biting hard. Three million UK households face the prospect of having to renew their mortgage within the next two years as their fixed-rate periods come to an end. While nearly two-thirds of all borrowers have already remortgaged at more expensive rates, a large number are still waiting to do the same.

Millions benefited from mortgages fixed at low prices – now many are struggling with much higher monthly payments

Shenandoah, PA

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The Shenandoah (PA) Sentinel

NORTHERN SCHUYLKILL – The following is a collection of police incidents reported by local law enforcement...
The post Police Log, 7/10/2024 first appeared on The Shenandoah Sentinel.

Police Log, 7/10/2024

Brooklyn, NY

Jersey City, NJ

Hoboken, NJ

City Limits

NewsBreak

Despite New Owner’s Promised Upgrades, ‘100% Affordable’ Atlantic Yards Building Endures Hot Water Outages, Broken Door, Even Bees

Only after a local councilmember’s push did landlord Avanath meet with the tenant group at 38 Sixth Ave., but progress has come slowly, and tenants scorned...

Despite New Owner’s Promised Upgrades, ‘100% Affordable’ Atlantic Yards Building Endures Hot Water Outages, Broken Door, Even Bees

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