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Newsfeed: Some More Good Inflation News: Owner-Equivalent Rents Are About To Peak

Newsfeed: Some More Good Inflation News: Owner-Equivalent Rents Are About To Peak

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 …

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Newsfeed: US Consumer Price Inflation Slows In July, Real Wages Continue To Tumble

Newsfeed: US Consumer Price Inflation Slows In July, Real Wages Continue To Tumble

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.

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Newsfeed: US Housing Inventory Grows At Record Pace As Buyers Slow Down; Shiller Warns Of ‘Heightened Risks’

Newsfeed: US Housing Inventory Grows At Record Pace As Buyers Slow Down; Shiller Warns Of ‘Heightened Risks’

The number of houses sitting on the market grew at a blistering pace last month, with the number of active listings jumping 31% vs. the same period last year – a record-high increase for a third straight month, Bloomberg reports, citing a Tuesday report from Realtor.com.

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Newsfeed: Here’s Why Rich Americans Are Moving Here

Newsfeed: Here’s Why Rich Americans Are Moving Here

Households that make over $200,000 annually comprise just a sliver of all tax returns that are filed in a given year, but their movement between states can have a significant financial impact. When a state loses more high-earning tax filers than it gains in a given year, tax revenues may decline and the state’s fiscal situation may worsen. That’s why despite making up less than 7% of total tax returns filed across the 50 states and the District of Columbia in 2020, the migration patterns of high-earning households continue to make headlines.

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