Rent growth slumps to the lowest since 2010 as the coronavirus pandemic slams demand - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

High unemployment rates, income uncertainty, and shelter-in-place orders amid the coronavirus pandemic have kept renters from seeking new living arrangements, slowing the pace of rent increases. The uncertainty of the coronavirus pandemic is weighing on rent prices, pushing growth to a decade low. The growth rate is a stong deceleration from the 2.

Metro areas saw the strongest rent growth, although prices varied greatly across the country, the report showed. Phoenix, Arizona, had the strongest year-over-year rent growth, followed by Tuscon, Arizona, and Charlotte, North Carolina.Leka Devatha quit a cushy corporate career to start flipping houses. She breaks down how she made $1 million on a single deal by supercharging a simple strategy.

In addition, a link between high unemployment rates and slowed or stagnant rent growth is emerging, according to the report.

Rents were high long before the pandemic hit; don't blame that, blame greed.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

There are no hackers working for the Russian government, Putin's finance minister saysRussia's relationship with the West remains strained, and increasingly so, amid the coronavirus pandemic. There are millions of them. Well that settles it then ..
Source: CNBC - 🏆 12. / 72 Read more »

The FCA is piloting a fintech sandbox to drive recovery from the coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How Ivy League financial aid packages stack up, even amid the coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »