rent

Economist Craig Shapiro has been calling for a national housing policy overhaul, as he believes the housing market is “rigged,” amid New York City mayoral candidate Zohran Mamdani‘s ambitious housing reform agenda. What Happened: In a detailed Substack essay and an X thread, the...

The January Consumer Price Index came in higher than expected with inflation hot to start 2025. What Happened: CPI rose 3% on a year-over-year basis in January, missing expectations for 2.9%. CPI was up 0.5% on an adjusted basis from December to January, up from 0.4% in the previous report. Rising...

Throughout the Fed's mission to bring inflation down to its 2% target rate, housing prices have been one of the areas where price growth has remained the stickiest. Now the central bank plans on cutting interest rates amid a slowdown in the labor market, but this could also lead to inflation in the...

The recent uptick in rental prices presents a mixed bag for investors, buoying the outlook for residential real estate stocks while simultaneously stirring inflationary concerns that could complicate efforts to achieve the Federal Reserve’s 2% inflation target. What Happened: The median U.S...

According to a recent lawsuit filed by six former Twitter employees in the District Court of Delaware, Elon Musk allegedly told an investor that he would only pay the rent of the company's office "over his dead body." The conversation between the investor and Musk took place...

A chorus of top Wall Street analysts expect more slowdowns in inflation in the coming months following the release of the CPI data in March, owing to substantial falls in the shelter component that accounts for roughly one-third of the basket.  Mark Zandi, chief economist at Moody...

About 12% of U.S. renters aren’t caught up with payments, according to National Equity Atlas data, and it could get worse this summer as many leases end and landlords boost prices. That represents 5.2 million American households who were struggling to pay their monthly rents during the...

The landlord of Twitter's headquarters in San Francisco has sued Twitter CEO Elon Musk for not paying rent over the last two months.  According to a lawsuit filed in San Francisco Superior Court, the building's owner, SRI Nine Market Square LLC, alleges that...

Elon Musk-owned Twitter has been sued for failing to pay $136,250 rent for its office space in San Francisco.  The property's landowner Columbia Reit - 650 California LLC notified the company on Dec. 16 that it would default in five days unless the rent was paid, reports ...

Rent-A-Center Inc (NASDAQ: RCII) shares traded higher by 1.8% on Wednesday following some bullish Wall Street commentary on the stock. The Analyst: Bank of America analyst Jason Haas initiated coverage of Rent-A-Center with a Buy rating and $85 price target. The Thesis: In the initiation note, Haas...

"A total of 21.3 million are spending 30 percent or more of their paycheck to cover the rent — also a record high," said CNN in a recent article. As rent prices skyrocket in high-cost-of-living cities, like San Francisco, Chicago and New York City, even supposed low-income-...