And in my opinion it holds little weight.
And the US average hides all the drama on the ground. The situation with rents in the most expensive US rental markets can be summarized like this: Watered down into a tidy nationwide average, the median asking rent for one-bedroom apartments in the US rose 1.
And for two-bedroom apartments, it rose 2.
A peculiar phenomenon cropped up last November: The median asking rent for 1-BR apartments suddenly surged by the double-digits, even as the median asking rent for 2-BR apartments was barely edging up.
This phenomenon endured for four months but has now collapsed the phenomenon remains unexplained, though some suspects have been lined up: The data, provided by Zumperis based on asking rents in multifamily apartment buildings, including new construction, as it appeared in active listings in cities across the US.
Single-family houses and condos for rent are not included. Also not included are studios and units with more than two bedrooms. Zumper releases the data in its National Rent Report. In San Francisco, the most expensive major rental market in the US, the median asking rent for 1-BR apartments rose 2.
For 2-BR apartments, it rose 1. There is no shortage of apartments in San Francisco. This is a result of the construction boom. The City is not large, with a total ofhousing units. In other words, there are plenty of units for rent, but most people cannot afford them. There is no crisis of availability.
In the second most expensive major rental market, New York City, the median asking rent for 1-BR apartments edged down 0.
Concessions have reached record levels In New York City.
An economic bubble or asset bubble (sometimes also referred to as a speculative bubble, a market bubble, a price bubble, a financial bubble, a speculative mania, or a balloon) is trade in an asset at a price or price range that strongly exceeds the asset's intrinsic value. As with all types of economic bubbles, disagreement exists over whether or not a real estate bubble can be identified or predicted, then perhaps prevented. Speculative bubbles are persistent, systematic and increasing deviations of actual prices from their fundamental values. Bubbles can often be hard to identify, even after the fact, due to . Apr 20, · I recently watched a documentary about the lead up to the great crash of and felt compelled to illustrate just how seriously unstable our current economic system is. .
The table below shows the 16 most expensive major rental markets. The shaded area shows peak rents and the movements since then. Zumper has now added Anaheim and Santa Ana to their data for the most expensive rental markets.
Both made the list of the top Now there are eight major California cities in the 16 most expensive rental markets.
Across the nation, markets diverge, with a number of double-digit decliners from their respective peaks, and a number of new records: Seattle rents are seesawing between a vibrant economy and the onslaught of new supply from its dizzying housing construction boom that focused on the high end.
Of the three Bay Area cities in the chart above, rents are down from the respective peaks in two: San Francisco and Oakland. But in San Jose, the situation is mixed.
There are five cities in Southern California on the chart above:Markets Insider JPMorgan CEO Jamie Dimon says bitcoin is worse than the most famous asset bubble in history..
The cryptocurrency is "worse than tulip bulbs," Dimon said at a Barclays Conference on. Federated Prudent Bear Fund regularly makes short sales of securities, which involves unlimited risk including the possibility that losses .
The price-to-earnings ratio is a widely used -- and misused -- investing metric. Do you use it correctly? Chicago rents collapse, New York’s swoon, Southern California’s boom. And the US average hides all the drama on the ground. The situation with rents in the most expensive US rental markets can be summarized like this: Free-fall in Chicago, where the median asking rent for two-bedroom apartments has plunged 32% from its peak, a similar .
Join the Nasdaq Community today and get free, instant access to portfolios, stock ratings, real-time alerts, and more! Bitcoin really does look a lot like other asset bubbles The other day, we tweeted out this graphic comparing the price history of bitcoin to NASDAQ during the rise and fall of the dotcom bubble.
The time scale is not the same.