Latest news with #metroareas
Bloomberg
8 hours ago
- Business
- Bloomberg
Chipotle and Shake Shack Help Solve an Economic Puzzle
A string of disappointing earnings results has sparked large declines in the stock prices of multiple fast casual food companies, including Cava Group Inc., Sweetgreen Inc., Shake Shack Inc., Chipotle Mexican Grill Inc. This has raised questions about the state of consumption as the US economy absorbs tariffs and job growth slows. So although the overall data on spending suggests there's nothing to panic about just yet, the geographic footprint of some of those chains provides some answers. In short, these companies are overexposed to critical coastal metro areas that are immigration hubs and popular international tourism destinations, as well as overwhelmingly Democratic places in an environment where economic sentiment among that political group has soured to record lows. The fast casual restaurant industry may be the real key in solving the puzzle for how the US consumer appears resilient even though government policies are dissuading foreigners from entering the US.
Wall Street Journal
5 days ago
- Automotive
- Wall Street Journal
From E-Bikes to Scooters, Roads Are Getting More Crowded and Confusing
Cities are facing a two-wheeled traffic jam. Across the country, the streets of metro areas are filling with powered vehicles that are neither bikes nor Harleys but something in between—low-cost scooters, minibikes, electric bikes, skateboards and more, often with surprising speed. Some varieties top out at 20 mph or 28 mph, while others can hit 40 to 60 mph.
Fast Company
6 days ago
- Business
- Fast Company
Housing market shift: This map shows where home sellers are cutting prices the most
Want more housing market stories from Lance Lambert's ResiClub in your inbox? Subscribe to the ResiClub newsletter. To identify which metro areas might offer buyers the most opportunity right now, ResiClub analyzed the share of homes on Zillow with a price cut. Of course, just because a home listed for sale gets a price cut doesn't guarantee that comps in that area are falling. After all, there will always be some sellers who overshoot their market. Even during the height of the Pandemic Housing Boom in June 2021, 11.4% of homes for sale that month saw a price cut. The way to interpret this data is to compare it over time. If the percentage of homes with a price cut in a given area decreases noticeably (particularly, beyond the normal seasonal swing), it suggests the market has tightened and sellers have gained relative leverage. Conversely, if the percentage increases noticeably (again, beyond the normal seasonal swing), it suggests the market has cooled and buyers have gained relative leverage. The national share of U.S. homes with a price cut is further confirmation that the housing market has been shifting, relatively speaking, toward buyers ever since mortgage rates spiked and the Pandemic Housing Boom fizzled out: June 2018 —> 18.1% June 2019 —> 20.1% June 2020 —> 14.8% June 2021 —> 11.4% June 2022 —> 17.2% June 2023 —> 19.1% June 2024 —> 23.5% June 2025 —> 25.6% Click here to view a searchable/sortable table with data for more than 900 metropolitan and micro-area housing markets. If you're a ResiClub reader—especially a ResiClub PRO member —neither the softening nor the bifurcation should surprise you. As ResiClub has well documented, many housing markets in the Northeast and Midwest have thus far had a milder and slower softening, while many areas in pandemic boom areas in the Mountain West and Sunbelt have seen a faster and greater softening in the post-boom market. To help you better view the story, we've created a map showing the share of homes that saw a price cut in June for every year since 2018. Below is June 2025 👇 Below is June 2024👇 Below is June 2023 👇 Below is June 2022 👇 Below is June 2021 👇 Below is June 2020 👇 Below is June 2019 👇 Below is June 2018 👇 According to Zillow: 'Share of listings with a price cut: The number of unique properties with a list price at the end of the month that's less than the list price at the beginning of the month, divided by the number of unique properties with an active listing at some point during the month.'
Yahoo
10-08-2025
- Business
- Yahoo
Rent for less than $1,000 a month? You can find it in these 17 cities.
.oembed-frame {width:100%;height:100%;margin:0;border:0;} Yes, the rent is still too damn high – but there are some places in the United States where you might just find a bargain. A USA TODAY analysis of Apartment List data shows that there are 17 metro areas across the country where the median rent is less than $1,000 per month – well below the national median of $1,402 and a mere fraction of the cost in some of the country's pricier metros. The dearth of affordable housing is having an impact. Researchers at Harvard University's Joint Center on Housing Studies, in an annual report released in June, noted that rental 'unaffordability' had hit an all-time high for the third year in a row. In 2023, there were 22.6 million renters considered 'cost-burdened,' which means that they spend more than 30% of their income on housing and utilities. Meanwhile, 12.1 million households were considered 'severely burdened,' which means those costs eat up more than 50% of their income. High housing costs aren't just being felt in pricey cities and coastal areas. From 2019 to 2023, the share of burdened renters increased in 43 of 50 states, the Harvard report found, and in 89 of the nation's 100 largest metro areas. And the scale of the problem means it's not just poorer households feeling the pinch. In 2023, a whopping 70% of renters earning $30,000 to $44,999 – the 'middle of the income scale,' according to the report – were cost burdened. 'Steady employment also increasingly fails to buffer against the increasing costs,' the report said. More than one-third of cost-burdened renter households were headed by a full-time worker. With all that in mind, there are some places in America that defy the odds and remain deeply affordable. Apartment List data as of July show more than a dozen metro areas across nine states where the median overall rent price for all units (not just for one- or two-bedrooms, in other words) was less than $1,000. To put that in comparison, the most-expensive metro was Hoboken, New Jersey, with a median of $3,603, followed by San Mateo, California, at $3,518. While not everyone has the option of simply picking up and moving, these more-affordable areas may be ideal for Americans who work remotely, or those who have transferable skills. Read next: USA TODAY Apartment Rental Price Report This article originally appeared on USA TODAY: Rent for less than $1,000? You can find it in these 17 cities. Solve the daily Crossword
Forbes
30-07-2025
- Business
- Forbes
Housing Markets Where Homes Are Selling For Less Than Their List Price
When homebuying activity runs hot, homes tend to sell for more than their listed price. This was especially true during the pandemic-induced buying spree in 2021 and 2022, where most markets saw homes definitely selling about their list price. The median list price is the median asking price of homes that were listed for sale during a given time period, in this case a month. Based on a list of the largest American metro areas by population, 100 housing markets were analyzed in terms of the sales-to-list ratio of their homes, the lower the better. This study also looked at the percentage of the housing market that saw homes sold above their list price; once again, the lower the better for prospective buyers. All housing data was sourced from Redfin. Read on to find out which markets where homes are selling for less than their list price. Housing Markets Where Homes Are Selling for Less than their List Price Looking at places where homes are selling less than their list price, the U.S. South dominates—specifically Florida. In fact, the top four housing markets with the lowest sale-to-list ratio. A sale-to-list ratio that equals 100% means they're selling at their list price; if the percentage is less, then they're selling for less than their list price. Below are the top 10 metro areas where homes are selling for less than their list price. In the top-10 list of markets where homes are selling for less than their list price, seven out of the ten are Florida metro areas. The Miami housing market has the lowest percentage, with the average home selling for around 5% less than the list price. Cape Coral and North Port housing markets are part of the three markets where homes less for 4% or more less than their list price. Below is a table containing the top 15 markets where homes have been selling for less than their list price. Trends Among these Housing Markets Some of these markets have seen some significant declines in sale prices. The North Port housing market has a sale-to-list ratio of 95.5%. Only 6.3% of homes in the North Port metro area sold above their list price. From June 2024 to June 2025, the median sale price there fell by 9.4%, from $458,250 to $415,240. The Cape Coral housing market also saw prices decline, by 6.5%, from $390,500 to $365,000. In fact, majority of Florida housing markets in the top-15 list saw year-over-year declines. The Jacksonville market, where homes are selling for 3.1% less than their list price, the median sale price decreased by 3.9%. In Tampa, it's a similar story. The average home is selling 3% less than its list price, and prices fell by 2.6% year over year.
