found that for the month of June, the median rent for a one-bedroom apartment in San Francisco fell to $3,280 a month, an 11.8% decline year-over-year, which marks the largest year-over-year drop Zumper has ever recorded for the city, and the largest local drop in the nation. In addition, the median rent for a two-bedroom apartment in the city saw a year-over-year decline of 9.6%.
While San Francisco saw the biggest year-over-year decrease, it is still the most expensive rental market in the US, with the typical one bedroom apartment costing $3,280, according to Zumper. However, the city, along with the other top 10 most expensive markets in the country, are experiencing what Zumper refers to as the "Brooklyn Effect" — a shift in demand from traditionally expensive markets to less expensive markets.
The report points out that while Boston and San Francisco both saw price decreases, two less populous and less expensive markets, Providence and Sacramento, both saw prices increase about 5%. The 'Brooklyn Effect' described by Zumper points to a trend that has been accelerated by the coronavirus pandemic
still an overpriced hellhole.
Those gougers are getting cosmic karma. Prayer warriors our prayers are working. Keep on praying
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the path to Dun & Bradstreet's $1.7 billion IPO - 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. Check out our article of a SoftBank company IPO tomorrow
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Montenegro's Aman Sveti Stefan, where the rich vacation - 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. For each virus headline, two more virus headlines grow. COVID19 is like the mythical monster Hydra. i stayed here back in 2018, it is amazing and worth every penny!!! 🥰🥰
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Chinese smartphone giant Vivo's 32-floor tower HQ - 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. They said they gonna built this in Delhi. They betrayed me. vivopakistan you should consider this as well & it's not impossible.
Source: BusinessInsider - 🏆 729. / 51 Read more »
San Francisco apartment rent prices are dropping fast as tech companies embrace remote work and unemployment risesAccording to Zumper, the median rental price for a one-bedroom apartment in San Francisco fell 11.8% year over year, from $3,720 to $3,280, beating May's 9% drop Zumper If they drop low enough, it might solve their homeless issue. Two birds. it was a bubble, yet I am wondering if the slump will continue if/when there is a viable vaccine * * Google or lookup R NAUGHT IF Ya happen 2 be worried about COVID19 It's 10 FOR COVID19
Source: CNBC - 🏆 12. / 72 Read more »
Report: San Francisco has 3rd-most billionaires out of world's cities - 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. Far left policies have historically been the worst for minorities and the best for the top 1% EatTheRich The Khardasian family follows San Francisco, with 3 billionaires 😁
Source: BusinessInsider - 🏆 729. / 51 Read more »
These were the 10 most popular stocks on Robinhood in the month of June - 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 »