US Rents Climbed 1.5 Times Faster Than Wages in Last Four Years
Rents in most major US metropolitan areas have risen some 1.5 times faster than wages in the last four years, according to an analysis by Zillow Group Inc.
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Rents in most major US metropolitan areas have risen some 1.5 times faster than wages in the last four years, according to an analysis by Zillow Group Inc.
Places like New York City and San Francisco still have fewer workers now than they did before the pandemic, which continues to impact their labor market recovery, according to an analysis by the Federal Reserve Bank of New York out Tuesday found.
Guggenheim Partners is talking to lenders, including private credit firms, to gauge their interest in financing the potential $6.6 billion buyout of US department store chain Macy’s Inc. by investment firms Arkhouse Management Co. and Brigade Capital Management.
OQ Chemicals has appointed Hans-Joachim Ziems as chief restructuring officer, according to a person familiar, as the Germany-based firm faces nearly $1 billion in loan maturities this year.
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Mar 2, 2021
The Canadian Press
VANCOUVER - The Real Estate Board of Greater Vancouver says the market is heating up so fast that home sales in the region doubled between January and February and have climbed by more than 70 per cent since last year.
The board says February sales in the B.C. region totalled 3,727, a 73.3 per cent increase from the 2,150 sales recorded the year before and a 56 per cent spike from the 2,389 homes sold the month before.
February sales were so strong that REBGV says they were 42.8 per cent higher than the month's 10-year sales average.
The board says the region saw 5,048 new listings in February, up from 4,002 the year prior.
The MLS home price index composite benchmark for all residential properties in Metro Vancouver reached just over $1 million in February, a 6.8 per cent increase.
REBGV says the market is shifting in favour of sellers because housing supply listings aren't keeping up with the demand and competition among homebuyers is pushing up prices.