While Wall Street celebrated the slight cooling of inflation in July, Statista’s Felix Richter points out that the latest reading won’t be enough to ease the financial pressure on millions of households in the United States in face of rising costs of living.
Newsfeed: Where Americans Plan To Cut Back In Face Of Inflation Read More »
Buying a home in the US is the least affordable it’s been in 33 years as mortgage rates soar this year and home prices hit record highs.
It sure is looking like the public pension ponzi is going to be even harder to sustain than over the last few years… That’s because data released by Wilshire Trust Universe Comparison Service this week showed that public pension funds fell a median 7.9% for the year ended June 30. It marks their “worst annual performance since 2009,” according to reporting by the Wall Street Journal.
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Renters across the country are feeling the brunt of housing inflation. Nearly 60% of renters said their rent increased in the past 12 months, according to a Freddie Mac survey of 2,000 Americans conducted in June and given exclusively to Yahoo Money.
The growing rental crisis in the U.S. has shown no signs of stopping. That was the topic of a new Bloomberg report this week that highlighted the stories of numerous Americans struggling to meet their rental obligations.
Newsfeed: Rent Is Becoming A Crisis In The U.S. Read More »
While the annual pace of inflation in the United States eased slightly in July, a deeper dive into the numbers reveals that some of the categories that hit everyday Americans especially hard in the pocketbook have soared, with the price of groceries jumping to the highest level since 1979.
With interest rates now hovering around 5%, existing-home sales are down more than 14% from last year. Some potential buyers are sitting on the sidelines until rates or prices or both decline, while sellers are hoping the market picks up again so they can get a higher price.
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It was seven months ago today, when looking at the latest real-time rent data from the likes of Apartment List and Zillow, we highlighted to readers that the surge in rents has finally peaked as the annual rate of rental increases had capped out at 18% and when Owner-Equivalent Rent …
Newsfeed: Some More Good Inflation News: Owner-Equivalent Rents Are About To Peak Read More »
While economists expected another modest rise in inflation on a MoM basis (if far below the 1.3% surge in June), the headline US Consumer Price Inflation was expected to slow from +9.1% YoY to +8.7% YoY in July, but it actually slowed significantly more than expected to +8.5% Yoy (flat MoM), ending a 16-month streak of MoM gains.
Newsfeed: US Consumer Price Inflation Slows In July, Real Wages Continue To Tumble Read More »
Peak apartment rent growth is almost certainly now in the rearview mirror, as nearly all measures of rent growth showed deceleration between June and July. But that’s not to say it’s bargain shopping time, as rent growth remains elevated – and likely will throughout the remainder of 2022.
Newsfeed: As Expected, Apartment Rent Growth Moderates Slightly in July Read More »