Vacancy rate

Sponsored By 0 Real Estate The fair market rent for a two-bedroom rental increased from the previous year. Local Data , Patch Staff Posted Reply ST. PETERS, MO — Home prices in the United States have risen dramatically in large swaths of the country, but the same can’t be said for all rentals. While rents for single-family homes have experienced big increases as renters and buyers compete for the same limited quantity of homes on the market, apartment rents haven't increased as swiftly. In St. Peters, the fair market rent estimate for a one-bedroom rental property in ZIP code 63301 increased from $730 in fiscal year 2020 to $760 in fiscal year 2021, while a four-bedroom rental increased from $1,450 to $1,490. Fiscal year 2021 runs from October 2020 to the end of September 2021. The U.S. Department of Housing and Urban Development provides data for all U.S. communities on fair market rents, … [Read more...] about Fair Market Rent Rates In St. Peters Area

Britain Italy Germany +28 % +17 % +40 % Britain Italy Germany +28 % +17 % +40 % Britain Italy Germany +28 % +17 % +40 % Source: Britain’s Office for National Statistics, Italy’s Industry Ministry and Germany’s Federal Statistical Office By Rebecca Lieberman Agricultural and energy costs are falling, but basic items remain stubbornly expensive for consumers. By Eshe Nelson Reporting from London It is the most basic of staple food items: sliced white bread. In Britain, the average price of a loaf was 28 percent higher in April, at 1.39 pounds, or $1.72, than it was a year earlier. In Italy, the price of spaghetti and other pasta, a fixture of the Italian diet, has risen nearly 17 percent from the year before. In Germany, the European Union’s largest economy, cheese prices are nearly 40 percent higher than a year ago, and potatoes cost 14 percent … [Read more...] about Why Are Food Prices So High in Europe?

The rows of towering buildings crowding the banks of the Gan River are a testament to the real estate boom that transformed Nanchang in eastern China from a gritty manufacturing hub to a modern urban center. Now those skyscrapers are evidence of something very different: China’s real estate market in crisis, reeling after years of overbuilding. As China’s economy prospered the last two decades, Nanchang, the capital of Jiangxi Province, erected sweeping apartment complexes and gleaming office towers to meet the increasing demand for homes and workplaces. It pursued urban expansion with a motto that underscored its growth-at-all-costs approach: “Advance eastward, extend southward, expand westward, integrate northward, and prosper in the middle.” But the country’s prolonged real estate slump has exposed cracks in cities, like Nanchang, where years of nonstop building have created too much supply. By one measure, nearly 20 percent of homes in Nanchang sit vacant — the highest rate … [Read more...] about Once a Symbol of China’s Growth, Now a Sign of a Housing Crisis

Before the Denver Nuggets take the court Thursday against the Miami Heat in Game 1 of the NBA Finals, they will have racked up a bunch of assists, all for the local economy. Bookings were up at Denver hotels heading into the Nuggets’ first-ever appearance in the NBA championship . Bars and restaurants were gearing up for the crowds of fans expected to teem through Lower Downtown on their way to Ball Arena or watch parties. “I’m anticipating it’s going to be pretty rock ‘n’ roll in here” on Thursday, said Ryan Swick, manager of Jackson’s LODO at 1520 20th St. Tiffany Owen, general manager for The Maven and The Rally hotels in LoDo, said reservations and tickets for watch parties at The Rally Hotel in McGregor Square are going fast. “A lot of people are doing ‘staycations,’ celebrating and going out for the evening.” A few blocks away, business at SportsFan memorabilia stores on the 16th Street Mall was “wonderfully crazy,” said owner Derek Friedman. The Nuggets’ sweep of … [Read more...] about Well before tipoff, Denver economy gets assist from Nuggets’ NBA Finals run

The U.S. economy added 339,000 jobs in May and the unemployment rate rose to 3.7 percent, the Labor Department said Friday. Economists had forecast employers would grow payrolls by 190,000, a downturn from the preliminary April estimate of 253,000. The unemployment rate was expected to pick up to 3.5 percent from 3.4 percent. The labor market has been stronger than expected for several months, defying expectations that interest rate increases would push unemployment up. The Federal Reserve has been trying to cool off demand for workers as part of its efforts to bring inflation back down to its two percent target. On Wednesday, the Labor Department said the number of job openings at the end of April rose to 10.1 million, crossing the ten million threshold for the first time since January. The ratio of vacancies to unemployed people rose to 1.8 to one, a sign of a significantly unbalanced labor market. Initial jobless claims for the week that ended last Wednesday came in at … [Read more...] about Labor Market Still Overheating: U.S. Economy Added 339,000 Jobs in May, Smashing Expectations

Some took issue with the Biden administration's assertions, saying consumers may not share that view of a flourishing economy. Cronkite News , News Partner Posted By Neetish Basnet, Cronkite News ARIZONA — Despite rising inflation and high gas prices, White House officials insisted this week that Arizona is sharing in the nation’s “robust” economic recovery, with low unemployment, and expanding wages in the state. The call with reporters by White House Council of Economic Advisers Heather Boushey and Jared Bernstein on Monday was part of an administration messaging effort to highlight gains in all 50 states. Beside pointing to several positive indicators, they also said the economy under the Biden administration is well-suited to absorb any “shocks and crises.” “We came out of this recession so quickly and so robustly,” Boushey said. “We’ve been able to create a lot of resilience in the U.S. economy over the … [Read more...] about White House Touts ‘Robust’ Arizona Economy; Critics Call That Half The Picture