2:00PM Water Cooler 6/15/2021 | naked capitalism nakedcapitalism.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nakedcapitalism.com Daily Mail and Mail on Sunday newspapers.
March 2021 CoreLogic Single-Family Rents: High-End Rentals and Inventory Pressure Quicken Single-Family Rent Growth in March econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.
from CoreLogic
The Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas, for February 2021 shows a national rent increase of 3.9% year over year, up from a 3% year-over-year increase in February 2020.
As families continue to seek out more space and face housing affordability concerns, high demand and low rental supply inventory have led to rising rental prices across almost every price tier. After growing about 3% annually since mid-2018, rent growth slowed in the spring of 2020 but bounced back in three of the four tiers to exceed the pre-pandemic growth rate beginning in October 2020. However, rent price growth of the low-price tier continues to lag behind that of high-priced rentals, reflecting the uneven U.S. job recovery, sometimes called a K-shaped recovery, seen throughout the country. Rent growth in the low-price tier remains below pre-pandemic levels as the recession continues to disproportionately
Bird Song of the Day
From a park in Asunción, Paraguay.
#COVID19
At reader request, I’ve added this daily chart from 91-DIVOC. The data is the Johns Hopkins CSSE data. Here is the site.
I feel I’m engaging in a macabre form of tape-watching.
Alert reader RockHard says the spike in the Northeast is from Pennsylvania. And so it is. Here is the data for the Northeast:
If the Pennsylvania data is good, we need to do whatever they’re doing. But I don’t think it is good. From the Daily Item: “Pennsylvania state officials say more than 7 million doses of a COVID-19 vaccine have been administered and a quarter of the state’s population is fully vaccinated after another 84,000 shots were given on Saturday.” The Daily Item again: “The state is receiving nearly 680,000 doses of the Pfizer-BioNTech and Moderna vaccines on Monday.” But are those vaccines, as we horridly say, “in arms”? Vaccinations cannot have increased by more than an order of magnitude sudden