rent

National

Justice Department accuses 6 major landlords of keeping rents high

1:28am January 09, 2025

The lawsuit arrives as U.S. renters continue to struggle. The latest figures show that half of American renters spent more than 30% of their income on rent and utilities in 2022, an all-time high.

Economy

Office vacancies are likely on the rise in the Triad

4:26pm August 04, 2023

by David Ford

As businesses adjust to remote work trends, the number of office leases signed has taken a big dip in the Research Triangle, and — to a lesser degree — the Piedmont Triad. This new leasing landscape is forcing builders and would-be renters to adjust.

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A man carries a sleeping bag at a homeless encampment in Portland, Maine, in May, before city workers arrived to clean the area. State officials say a lack of affordable housing is behind a sharp rise in chronic homelessness.

National

Why can't we stop homelessness? 4 reasons why there's no end in sight

10:54am July 12, 2023

by Jennifer Ludden

Many cities have devoted considerable focus and money to house people, only to see the number living outside continue to rise.

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A customer shops for meat at a Safeway store in San Rafael, Calif., on April 12, 2023. Consumer prices eased slightly in April from the previous month but are still too high for the Fed's comfort.

Economy

Inflation stayed high last month, compounding the challenges facing the U.S. economy

12:45pm May 10, 2023

by Scott Horsley

Consumer prices in April were 4.9% higher than a year ago, according to the Labor Department. Prices rose 0.4% between March and April.

Housing

Rental housing market in the Carolinas explained

6:00am September 06, 2022

by David Ford

Many factors have contributed to historic jumps in home prices on the rental side of the housing market, and the impacts have been felt North Carolina.

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A three-bedroom and two-bath home for sale in Winston-Salem's East Winston neighborhood on South Graham Avenue.

Economy

Understanding the housing market: a look at supply and demand

11:24am August 23, 2022

by David Ford

During the past two years, America’s red-hot housing market left millions of people scrambling to find an affordable home to purchase or rent.

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A driver pumps gas at a Gulf gas station in Lynnfield, Mass., on July 19. Gasoline prices are dropping, which is helping bring down inflation. But the cost of many other things are still climbing.

Inflation is cooling thanks to gas prices, but many things still cost a lot more

4:36pm August 10, 2022

by Scott Horsley

Falling gasoline prices put a dent in the July inflation rate, which fell to 8.5% from 9.1% in June. But other costs such as housing continue to climb, putting a strain on many family budgets.

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Religion

Wake Forest Baptist Church votes to dissolve

8:22pm August 08, 2022

by David Ford

Members of Wake Forest Baptist Church have voted to dissolve following years of declining and aging membership, limited financial resources, and a new rental policy by the school.

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Ari and TR Brooks stood on the land where their new home would be built the day they agreed to buy it back in February of 2021. But the home is still not completed and mortgage rates have risen dramatically.

Economy

The pain of rising mortgage rates when you're waiting for your home to be built

7:01am June 29, 2022

by Chris Arnold

Many Americans put down deposits of $20,000 or more with builders to put up new homes. But with mortgage rates rising, some can no longer afford the homes. And they could lose their deposits.

College students Sanaa Sodhi, right, and Cheryl Tugade look for apartments in Berkeley, Calif. in March of this year.

Economy

Rents across U.S. rise above $2,000 a month for the first time ever

4:32pm June 09, 2022

by Chris Arnold

A new report shows the cost of renting a home or apartment is up 15% nationally to a new record high.