Despite the ambitious construction boom that saw almost 600,000 multifamily units come to fruition last year—the highest number reported since 1974—the rental market’s present reality tells a starkly different narrative. One might expect that such a surge in supply would temper the fierce competition among renters, yet new reports from RentCafe illuminate an alarming trend:
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In a bold move that many are skeptical of, President Donald Trump recently proclaimed his intention to “make America affordable again.” This proclamation, however, was juxtaposed with the reality of his new tariffs on imports from countries like Canada, Mexico, and China. These tariffs, despite being branded as a solution to enhance American affordability, are
In recent weeks, the housing market has experienced an uplifting shift thanks to a notable reduction in mortgage interest rates. This sudden change has piqued the interest of both current homeowners looking to refinance and potential buyers eager to make a move. The latest figures released by the Mortgage Bankers Association reflect a dramatic 20.4%
China’s recent announcement of a 7.2% increase in its defense spending for the fiscal year 2025 has stirred discussions among global analysts and policymakers alike. This growth translates to a staggering budget of 1.78 trillion yuan, equating to approximately $245 billion. While Beijing presents this increase as a measure to “safeguard national security,” the underlying
As the real estate market experiences significant fluctuations, the challenge of homeownership is becoming increasingly formidable for many potential buyers. A recent analysis of the housing market indicates that down payments are soaring alongside home prices, making it more difficult for individuals to step onto the property ladder. Amid rising inflation, unpredictable mortgage rates, and
In recent years, the landscape of higher education has undergone a dramatic transformation. Once regarded as the epitome of educational excellence, Harvard University has lost its prestigious status as the most coveted college among prospective applicants, ceding the top position to the Massachusetts Institute of Technology (MIT). This shift is evidenced by The Princeton Review’s
In a recent earnings call, Best Buy showcased its financial results for the fourth quarter of fiscal 2025, achieving better-than-expected earnings and revenue. The company reported an adjusted earnings per share of $2.58 against an expectation of $2.40 and generated revenue of $13.95 billion compared to Wall Street’s forecast of $13.70 billion. Despite beating analysts’
In a significant development in international trade relations, China has announced new retaliatory tariffs on select U.S. goods amid escalating tensions between the two nations. Effective March 10, these tariffs will reach as high as 15%, primarily targeting American agricultural products such as corn and soybeans. This move comes as the United States implements its