The market for rental apartment buildings is tumbling at its fastest-rate since 2009 in the wake of the Great Financial Crisis. The Washington Post obtained data from research firm CoStar Group that show a 74 percent year-over-year drop in sales in the first quarter of 2023. The report found that the decline is partly the result of higher interest rates pushing up financing costs for investors. The recent banking crisis has also been a damper on the market.
A group of Amazon workers upset about recent layoffs, a return-to-office mandate and the company’s environmental impact is planning a walkout at the company's Seattle headquarters Wednesday.
A report from Rent.com finds that prices are stabilizing at the national level but some states are still seeing some skyrocketing rates. Jon Leckie, a researcher with Rent.com, joined Cheddar News to provide the big takeaways on what're the latest trends from the report.
Air New Zealand is asking passengers to weigh themselves before boarding flights in an effort to ensure "the safe and efficient operation of the aircraft."
Jay Woods, chief global strategist with Freedom Capital Markets, joined Cheddar News to discuss what lies ahead as trading kicked off a holiday-shortened week and ahead of a House vote on the debt ceiling deal.
