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US Median Housing Rent Jumps To $1,653, Highest Since 2022: 'Demand From Young Renters Remains High'
Tuesday, June 11, 2024 - 4:37pm | 461The median U.S. asking rental price saw an annual 0.8% increase in May to $1,653, marking the highest level since October 2022, sustaining an upward trend driven by robust demand and constrained supply. This is the second consecutive month of rent increases following nearly a year of declines,...
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Wall Street Snaps Five-Week Winning Streak, Economic Growth Slows, Inflation Holds Steady In April: This Week In The Market
Friday, May 31, 2024 - 4:15pm | 750The U.S. stock market ended a five-week positive streak as investors feared that slowing economic momentum could impact the earnings outlook for American corporations. The U.S. economy grew at an annualized rate of 1.3% in the first quarter, marking a downward revision from the previous estimate of...
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China Goes All In As Beijing Vows To Buy Unsold Properties: Chinese Stocks Rally, Copper Hits All-Time Highs
Friday, May 17, 2024 - 10:37am | 714Xi Jinping’s government has introduced its most aggressive measures to date to rescue China’s struggling property market. On Thursday, Beijing announced a new plan that included easing mortgage regulations and urged local governments to purchase unsold homes, reflecting the authorities...