The median asking rent for 0-2 bedroom units across the top 50 metro areas in June was 21.2% ($305) higher than the same month in 2019, before the pandemic roiled the housing market. That's roughly in line with the trend in overall consumer prices (+22.6%) during the same period, but pales in comparison to the 52.6% increase in median price-per-square-foot of for-sale home listings in the five years ending June 2024. | --- | --- | --- | --- | --- | |----------|----------------------------------------------- ...

Tampa (92.7%), Orlando (81.8%) and Phoenix (77.3%) See Highest Increases in Inventory (to 18.3%) +1.3 percentage points SANTA CLARA, Calif., July 9, 2024 /PRNewswire/ -- According to the Realtor.com® June housing data, the number of homes actively for sale grew for an eighth straight month, increasing by 36.7% year-over-year, while the median home spent 45 days on market, an increase of two days compared to last year. Both factors contribute to a slight directional shift towards a buyer-friendly market. "Wh ...

LSEG's flagship digital platform experience, Workspace, enhanced with integrated news and commentary from Dow Jones's leading news brands, LSEG Workspace will also be deployed across Dow Jones newsrooms. LSEG's Deals Intelligence and League Tables to enrich The Wall Street Journal's coverage of global dealmaking. Dow Jones to embed LSEG's world-class data and analytics capabilities across digital and print properties including The Wall Street Journal, Barron's, Investor's Business Daily and MarketWatch. Co- ...

Company Overview - A2i Systems is a provider of PriceCast, a retail pricing solution for fuel, electric vehicle (EV), and convenience stores [2] - A2i has a strong track record of growth and a broad geographical footprint across Europe and North America [5] Acquisition Details - Dow Jones announced the acquisition of A2i Systems, enhancing its energy business with AI capabilities [7] - A2i will operate as a subsidiary of OPIS within Dow Jones's energy business, focusing on innovation and product development [8] Market Impact - A2i's PriceCast platform is operational at over 12,500 fuel sites, EV charging stations, and convenience stores across more than 20 countries [8] - The acquisition is expected to strengthen Dow Jones's position in the evolving retail sector, particularly in the booming EV market [6][8] Financial Performance - Dow Jones reported revenues of $544 million, with a 15% growth in its energy business [4] Leadership Insights - Dow Jones CEO Almar Latour emphasized the ethical AI platform's value and growth opportunities for both the energy vertical and the broader organization [6] - A2i founder Frodi Hammer expressed confidence in scaling technology and impact as part of OPIS and Dow Jones [9]

Approximately 1 out of Every 6 Americans Falls into the Sandwich Generation "Unfortunately for home shoppers, affordability is still a big challenge in the current housing market, but for the Sandwich Generation, family support is providing a helping hand when it comes to finances," said Laura Eddy, VP Research and Insight for Realtor.com®. "Over half of adults within the Sandwich Generation who receive financial support from family members report that this support is helping them to afford a home, while a ...

SANTA CLARA, Calif., June 18, 2024 /PRNewswire/ -- To celebrate the 80th anniversary of the GI Bill and its many benefits for military households, Realtor.com® identified the top 10 U.S. metros best suited for military households. Taking key criteria important to military home shoppers into consideration, the top market on the list is Des Moines-West Des Moines, Iowa. Working with a buyer's agent is one of the best ways military families can make sure they are aware of and can take advantage of all their be ...

Core Insights - The initiative by Realtor.com® aims to educate the public on the importance of buyer's agents, particularly for historically underserved communities, to prevent further distancing from homeownership [1][7][10] - The campaign highlights the challenges faced by low-income, LGBTQ+, Hispanic, Veteran, and first-time buyers, emphasizing the need for buyer representation to navigate the complex homebuying process [2][8][10] Group 1: Statistics and Challenges - Low-income earners are 22% more likely to be denied a loan, while LGBTQ+ individuals are 25% less likely to own a home compared to the general population [1] - One in four Hispanic individuals complete the homebuying process entirely in Spanish, indicating a need for tailored support [1] - Seven in ten Veterans are unaware they qualify for a zero-down home loan, highlighting a significant knowledge gap [1] Group 2: Campaign Details - The buyer agency campaign launched on April 18 has garnered nearly 40 million impressions and 18,000 agent toolkit downloads, indicating strong engagement [9] - Prominent real estate organizations are joining the movement, signing a joint letter in support of buyer agency to be published in major newspapers [13] - The campaign includes customized messages for different underserved communities and an updated toolkit for agents to promote buyer representation [14] Group 3: Industry Impact - The majority of new homeowners over the next two decades are expected to come from diverse communities, making access to competent buyer's agent representation crucial for the housing economy [10] - Realtor.com® is advocating for increased awareness and support for buyer representation, especially during the current real estate affordability crisis [2][8]

Core Insights - The national median asking rent for 0-2 bedroom units decreased by 0.7% ($13) to $1,732, marking a decline across all size categories and remaining just $24 (1.4%) below its peak in August 2022 [1][10] - Over the past five years, median asking rents have increased by 21.5%, indicating a significant long-term upward trend despite recent declines [1][10] Rental Trends - The median rent for studio units fell by 1.9% year-over-year to $1,449, which is 17.3% higher than five years ago [4][6] - One-bedroom unit rents decreased by 1.1%, marking the twelfth consecutive year-over-year decline, with current rents at $1,612, still 20.3% higher than five years ago [4][6] - Two-bedroom units saw a 0.7% decline, also the twelfth consecutive annual drop, with current rents at $1,925, which is 23.3% higher than five years ago [4][6] Regional Variations - The most significant year-over-year rent declines were observed in the South, particularly in Austin (-9.3%), Nashville (-8.3%), and San Antonio (-8.2%) [11] - In the West, notable declines included Phoenix (-4.5%), San Francisco (-4.3%), and Las Vegas (-4.1%) [11] - Conversely, rents increased in the Midwest, with Indianapolis (+4.4%), Milwaukee (+4.3%), and Minneapolis (+2.9%) showing growth, while the Northeast saw increases in Pittsburgh (+2.4%) and New York (+2.2%) [11] Economic Implications - The decline in rents is contributing to a slowdown in shelter inflation, which is a significant component of overall inflation metrics [10][15] - The Consumer Price Index for shelter rose by 5.5% year-over-year in April, down from a peak of 8.2% in March 2023, indicating a lagging response to market rent changes [10] - The current rental market dynamics suggest potential challenges for further reductions in overall inflation, complicating Federal Reserve policy decisions [10][15]

Across the U.S., New York (84.7%), Boston (72.9%), and Nashville (68.6%) Experienced the Highest Increases in Median Price Per Square Foot Since Before the Pandemic (to 16.6%) +1.2 percentage points SANTA CLARA, Calif., June 4, 2024 /PRNewswire/ -- According to the Realtor.com® May housing data, median list prices have increased 37.5% since May 2019, and while prices grew in that time frame, inventory is down 34.2% compared with typical 2017 to 2019 levels pointing to the market being in seller-friendly ter ...

News Corp. and OpenAI have reached an multi-year agreement to provide content for use in artificial intelligence. The deal is the latest that OpenAI has reached with news publishers, even as it defends itself from lawsuits filed by other content creators over the use of their work in training models. According to a joint announcement, OpenAI will receive access to content from The Wall Street Journal, Barron's, MarketWatch, Investor's Business Daily, FN, New York Post, The Times, The Sunday Times, The Sun, ...