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Homelessness in New York City is being compounded by inflation, high rents

Sep 2, 2022
The homelessness crisis is being punctuated in the nation's most populous city by sky-high rents and rising prices, says the CEO of the Bowery Mission, a New York City-based nonprofit.
Inflation and high rent prices in New York City are contributing the city's ongoing homelessness crisis.
Spencer Platt/Getty Images

What does "broad-based" inflation look like down the road?

Jul 13, 2022
Energy, food and rent were big drivers of the 9.1% inflation reading. Where are those numbers headed?
Food prices were up 10% year over year, according to the Bureau of Labor Statistics.
Angela Weiss/AFP via Getty Images

Higher interest rates may not make a dent in rising rents for more than a year

Jul 12, 2022
Rent growth is expected to ease after interest rates slow down homebuying. It will take even longer for inflation numbers to reflect that.
Month-over-month rent increases should begin to slow as demand cools.
Mario Tama/Getty Images

Is the rental market slowing down? Maybe.

Jul 7, 2022
Some private-sector sources are reporting that year-over-year rent increases slowed down in June. This could be good news for inflation, but not anytime soon.
Rent for one-bedroom apartments went up .5% from May to June, which is less than previous months, according to data from Zumper.
Brandon Bell/Getty Images

"Owners' equivalent rent" a key property of inflation

Jun 10, 2022
OER, a component of the consumer price index, involves homeowners’ estimates of what their residence would rent for.
In the process of calculating the consumer price index, the Bureau of Labor Statistics asks homeowners how much money, hypothetically, they'd rent their place out for.
Mario Tama/Getty Images

What's behind significant rent increases in some U.S. cities?

Apr 27, 2022
People looking to break out of shared housing are increasing demand for rentals, but supply is limited.
Some markets across the U.S. have seen double-digit percent increases in apartment rents.
Patrick T. Fallon/AFP via Getty Images

Vacancies are down, demand is up and rents are rising

Feb 1, 2022
The rental vacancy rate is just under 6%, the lowest it's been since the 1980s. And that's driving prices up.
A competitive housing market is part of why so many people are renting right now. Above, a "rent" sign is displayed on a Miami apartment building.
Chandan Khanna/AFP via Getty Images

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What's behind the housing inflation disconnect?

Jan 11, 2022
For many Americans, rents are rising much faster than official numbers suggest.
Depending on the source, rent rose anywhere from 3% to 18% last year. Above, apartments in New York City.
Drew Angerer via Getty Images

Wage hikes outpace rent hikes in some parts of the country

Jan 6, 2022
And new data shows that buying a place is more affordable than renting in some areas.
In most places in most years, rents rise faster than renters' incomes, according to a researcher at the Center on Budget and Policy Priorities.
Justin Sullivan via Getty Images

High housing prices leave more would-be buyers renting

Dec 31, 2021
The share of rental applications from young people with above-average incomes spiked 20% in 2021. The shift is rippling through the market.
As younger, higher earners stay in the rental market longer, it can limit their chances to build wealth and price out lower-income people.
Justin Sullivan via Getty Images