Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties
Across the country, Americans are tightening their belts as more and more of their budgets are eaten up by the cost of groceries, energy, and other necessities. But in some places, sticker shock from everyday items ...
Tagged with: rent
Read More »Inflation and rapidly rising rent are taking a toll in these twenty (unexpected) cities
Minimum wage workers need three roommates or four jobs to afford a two-bedroom rental 
Only in 10 of the 50 largest U.S. cities can two full-time workers earning minimum wage comfortably afford a typical two-bedroom rental. Nationally, four minimum-wage workers would have to double up in both bedrooms to not stretch their budgets, finds ...
Tagged with: rent
Read More »Minimum wage workers need three roommates or four jobs to afford a two-bedroom rental
Only in 10 of the 50 largest U.S. cities can two full-time workers earning minimum wage comfortably afford a typical two-bedroom rental. Nationally, four minimum-wage workers would have to double up in both bedrooms to not stretch their budgets, finds ...
Tagged with: rent
Read More »Don’t rent a single-family home without asking these six questions
If you’ve been hunting for a single-family home to rent, you know how difficult it is to find available, affordable rentals in the current market. Not only does demand far exceed supply, according to recent data from Dwellsy, asking ...
Tagged with: meckcetera rent
Read More »Renting more affordable than homeownership across most of the nation in 2023
ATTOM has released its 2023 Rental Affordability Report, which shows that the average three-bedroom rent is more affordable than owning a comparably sized median-priced home in 210, or 95 percent, of the 222 U.S. counties analyzed for the report. Both ...
Tagged with: rent
Read More »National rent growth cools to the slowest annual pace in 16 months
September data confirms a fall cooldown has come to the rental market, as national rent growth dropped to its lowest annual pace (+7.8%) since June 2021, according to the Realtor.com® Monthly Rental Report. In another sign of more typical seasonal moderation than ...
Tagged with: rent
Read More »Dearth of inventory a challenge for home shoppers
Home buyers face another challenging shopping season to navigate, as Zillow®’s latest monthly report reveals record-breaking low inventory and unprecedented price growth. The Zillow Home Value Index (ZHVI) rose 1.5% from December to January to $325,677, up 19.9% from a year ago. ...
Tagged with: rent
Read More »Rental Market Wraps Up 2021 with Price Growth That’s 5.3 Times Faster than in 2020
New data shows national rents grew five times faster in 2021 than in 2020, on average, according to the Realtor.com® Monthly Rental Report. In December, rents notched the sixth straight month of double-digit yearly increases nationwide and surged in the majority ...
Tagged with: rent
Read More »Research-backed ways to boost renter engagement with Google Business Profiles
By: Jon Leckie Leveraging Google Business Profiles (GBP) is a key differentiator in increasing the impressions and actions of potential renters. For properties with all fields populated on GBPs, impressions increased by 67 percent and actions increased by 112 percent. ...
Tagged with: rent
Read More »Research-backed ways to boost renter engagement with Google Business Profiles
By: Jon Leckie Leveraging Google Business Profiles (GBP) is a key differentiator in increasing the impressions and actions of potential renters. For properties with all fields populated on GBPs, impressions increased by 67 percent and actions increased by 112 percent. ...
Tagged with: rent
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