Real Estate News 10/02/2023

Today’s News Synopsis:

Where you choose to call home often comes down to the price of rent. If you’re planning to relocate to a different state—or are just curious about what your neighbors on the other side of the border are paying—looking at the average rent price can give you a better sense of what you can expect to pay.

In The News:

Forbes – “Average rent by State ” (10-02-2023)

“Using rental market data from Apartment List, we’ve mapped out the most expensive and affordable states to rent in the U.S.”

Bankrate– “Rates blow past 7.5%” (9-27-2023)

“The average rate on 30-year fixed mortgages jumped to 7.55 percent this week from 7.42 percent last week, according to Bankrate’s weekly national survey of large lenders.”

Yahoo– “The government didn’t shut down (yet) what does that mean for the stock market?” (10-02-2023)

“Late Saturday, President Joe Biden signed a temporary stopgap extension to sidestep yet another government shutdown. The House voted 335-91, and the Senate voted 88-9 to advance the measure.”

Bigger Pockets – “Landlords are offering concessions-Does this mean the rental market is softening?” (9-29-2023)

“According to a recent rental market report from Redfin, will vary by region and the type of property you’re renting out. As ever, context is king, and we’ll dive a little deeper into what’s really going on with the rental market(s) in a moment. ”

Yahoo – “Why a U.S recession is still likely?” (10-02-2023)

“A summer in which inflation trended lower, jobs remained plentiful and consumers kept spending has bolstered confidence — not least at the Federal Reserve — that the world’s biggest economy will avoid recession.”