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The 10 Cities Where Rental Prices Are Falling Most

18/07/202321/04/2025dansa

After three years of booming, prices in the rental market have finally started to cool down across much of the US, with a number of cities experiencing significant declines, according to the latest data.

Las Vegas took the top spot nationwide for cities where rental prices are tumbling the most, with a 6 percent drop in the year to May—the latest data available—according to Realtor.com. It was followed by Riverside, California, with a 5.9 percent decline in rental prices from May 2022 to May 2023 and Phoenix, Arizona, with a 5.7 percent slide in the same period.

These are the 10 cities where rental prices have fallen the most, according to Realtor.com data.

1. Las Vegas, NV (Median rent price: $1,531; year-on-year change -6.0 percent)

2. Riverside, CA (Median rent price: $2,302; year-on-year change -5.9 percent)

3. Phoenix, AZ (Median rent price: $1,663; year-on-year change -5.7 percent)

4. Austin, TX (Median rent price: $1,641; year-on-year change -5.6 percent)

5. Tampa, FL (Median rent price: $1,793; year-on-year change -4.0 percent)

6. Charlotte, NC (Median rent price: $1,576; year-on-year change -3.5 percent)

7. Atlanta, GA (Median rent price: $1,660; year-on-year change -3.1 percent)

8. Denver, CO (Median rent price: $1,969; year-on-year change

Journal Club 05-05-23 – Passive Income MD

09/05/202321/04/2025dansa

Here’s Journal Club 05-05-23! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life this week. Be safe and stay well!

When pursuing Financial Independence or planning for early retirement, most people tend to focus on accumulating wealth, but rarely do they think about ways to access that nest egg. Would you agree? Do you have a plan for how you’d be accessing your assets in retirement? In case you’re looking for some ideas, the Physician on FIRE has valuable guidance for you in the post – Retirement Spending: Which Accounts Come First?

Saving for college has always been a tremendous undertaking for most parents, and it only seems to worsen each year. If you’re a parent, you may have already opened a 529 plan for your child. But did you know there are several other creative ways you could implement to save for college? Curious to learn more? The Financial Samurai shares more about it in the article – The Different Ways To Pay For College: My Surprising Blind Spot.

Investing in short-term rentals or vacation rentals has grown exponentially in the past few years.

Avoid These Top 5 Financial Mistakes for Smart Money Management in 2023

27/04/202321/04/2025dansa

No one likes making mistakes, especially when they can be costly. I know that you likely share my perfectionist tendencies and are often averse to taking risks. As physicians, we are trained to carefully consider the risk-benefit ratio before making any decision because we know the consequences of making a costly mistake. While mistakes are inevitable in some aspects of our lives, we must be conscious of and deliberate in avoiding financial mistakes, as they can be detrimental to our financial well-being, and they can have significant consequences.

As an anesthesiologist, I understand the importance of minimizing mistakes, and I’ll do everything in my power to prevent them from happening. While some financial mistakes may seem obvious, such as not spending more than you earn, or hiding your money in your mattress, there are others that are not as apparent. By being intentional and mindful, we can set ourselves up for greater success in the future.

In this blog post, we’ll discuss the top five financial mistakes that you need to avoid in 2023 to achieve smart money management. From not diversifying your portfolio to investing in something you don’t understand, we’ll cover expert tips to help you avoid these

Homes in Erie are selling faster than anywhere else in the United States

19/04/202321/04/2025dansa

Homes are selling faster in Erie than in any other city in America, according to a realtor.com article. Of the top five cities listed where homes are selling fastest, Erie is followed in order by Traverse City, Michigan; Youngstown, Ohio; Peoria, Illinois; and Charleston, West Virginia.

more: See Erie County’s 10 most expensive homes sold in 2022

The article says the median list price for homes sold in Erie in March was $197,450. Houses in this area of Pennsylvania are selling two weeks faster now than they did at this time a year ago.

In 2022, homes spent an average of 71 days on the market before they were sold. Today, it takes just 58 days. Of course, home prices in Erie are considerably lower than the national average, which was $424,000 during March.

Nanci Lorei, of Marsha Marsh Real Estate, is quoted in the article, saying, “There’s definitely a huge shortage (of homes for sale) right now.”

Thanks to Greg Rubino for sending along this interesting article.

Living: Erie rental market includes new and unique options, but not everyone can pay rising costs

● A federal judge on March 30 ruled Major League Baseball must settle a suit with

US man dies from stroke days after realtor found him but didn’t call for help | North Carolina

15/04/202321/04/2025dansa

A US family has demanded an investigation after its patriarch reportedly died within days of having a stroke in his home and being found but left on the floor by a real estate agent who never called anyone for help.

Loved ones of the dead man – 69-year-old Randy Vaughan of North Carolina – are raising questions about whether the realtor should have been expected to do more. The state agency that oversees realtors in North Carolina has indicated it is opening an inquiry into the case and is scheduling interviews with Vaughan’s family about his death, the Winston-Salem Journal newspaper reported Friday.

“It’s about basic decency, caring for your fellow human beings and being a professional,” Vaughan’s brother, Doug, said to the Journal.

The realtor, for her part, reportedly told the Journal she has “an attorney involved” and has “no liability”.

According to the Journal, the Vaughans became worried when they didn’t see or hear from Randy on his grandson’s birthday. His daughter, Heather, drove to his home on 14 February and didn’t see his truck in the driveway, so she called authorities to check whether he was at a weekend house along High Rock Lake that he was

Rutherford Co. schools closed Monday for safety review

03/04/2023dansa

As a public service, The Tennessean has made this content free.

Recap: Three children and three adult staff members were killed Monday at Covenant School in one of Tennessee’s deadliest school shootings. Audrey Hale, 28, entered the school at about 10:11 am armed with a rifle. Officers who responded to the scene killed Hale about 14 minutes later. Video footage shows a timeline from when Hale first got to the school until the police fired the fatal shots.

911 calls from inside the school released Thursday by Metro police give more details as to the timeline of the shooting, as do a pair of officer radio clips released by police.

Gov. Bill Lee said Friday he would propose a measure to increase school security measures statewide and was open to the idea of considering something similar to red flag laws, which have already been enacted in other states including Florida.

Follow along here for live updates as we learn more about Monday’s shooting.

15 MINUTES OF TERROR: How the Covenant School shooting and Nashville police response unfolded

EXCLUSIVES: Tennessee Gov. Bill Lee moves to boost school safety funding, open some gun reforms after shooting

Comfort kits for Covenant School

Kris

Why some Canadians are buying houses without the help of a Realtor

30/03/2023dansa

David McDonald says buying his first home in the latter half of 2021 was stressful — though maybe not for the usual reasons.

Even though he was working with a Realtor he trusted, he didn’t like that he couldn’t speak directly to the people selling their homes around North Bay, Ont., or that he’d repeatedly lost to other house-hunters in blind bids.

That’s partly why, when a friend forwarded a private listing in the area, he and his girlfriend jumped at the chance to see it.

“Being able to meet someone, look at the house and make an offer and have a handshake agreement right off the bat … that was, like, so much more of a transparent, clear process that I definitely found pleasing,” said McDonald, 38.

He closed the deal without his Realtor, which McDonald estimates saved both sides roughly $15,000 in commissions.

And while that might be reason enough for some to entertain the idea, industry insiders warn that going without a Realtor comes with risks.

A man sitting on a rocking chair looks and smiles at the camera. — David McDonald of North Bay, Ont., bought a house privately with his girlfriend in 2022. He estimates it saved both sides roughly $15,000 in commissions. (Submitted by David McDonald)

“It was

Does a Canadian realty price-fixing lawsuit have merit?

22/03/2023dansa

A proposed class-action lawsuit alleges that some of Canada’s largest brokerages and real-estate associations are engaged in price-fixing to inflate Realtor commissions.

Brokerages named in the lawsuit include ReMax, Century 21, and IproRealty Ltd., as well as the Canadian Real Estate Association and the Toronto Regional Real Estate Board.

The lawsuit claims that there is an agreement, among brokerages in the Greater Toronto Area, which applies to any individual listing on the Toronto Multiple Listing Service (MLS).

“When it comes to listing your home for sale, you typically sign an agreement with a listing brokerage,” broker and real estate commentator David Fleming told CTV’s Your Morning on Monday Morning. “You pay a fee and then usually half or some of that fee is offered as an inducement to a buyer’s agent. So this suit is alleging that there is a fix of two and a half per cent, which is what the suit said, that basically forces people to offer that.”

Fleming explained that, on MLS, “you’ll see a lot of two per cent commissions, a lot of half a per cent to one per cent through discount brokerages. There’s a lot that offers one dollar, which is effectively a

Real Estate Losses Against Ordinary Income

02/02/2023dansa

The best way to use real estate depreciation is against ordinary income. These are the two ways to do it.

PIMD welcomes the White Coat Investor. WCI is a physician-specific personal finance and investing website. The White Coat Investor can help you to become financially literate and disciplined, which will allow you to spend your time and effort on your patients, your family, and your own wellness. WCI truly believes that a financially secure doctor is a better partner, parent, and practitioner. White Coat Investor is an affiliate partner of PIMD.

Investing in real estate can be a risky, time-consuming, illiquid investment. However, one of the best parts of being an investor in equity real estate (at least outside of a retirement account or a REIT structure) is that you can depreciate the buildings on the property. Under current law, bonus depreciation can be over 60% of your investment in the first year. It’s pretty awesome to invest $100,000 and get a $60,000 deduction on your taxes that same year.

Unfortunately, there is a general tax doctrine that prevents many investors from actually being able to use that deduction. It turns out that you can only use passive losses to

New association president excited for realtors to do ‘our whole jobs again’

02/02/2023dansa

Stepping into a leadership role at any time is an adjustment and doing so on the heels of a changing real estate landscape offers its own set of complications.

But Amy Layton, who took over as president of the Niagara Association of Realtors in December, understood what she was facing.

The region’s real estate market is still finding its footing, following a series of ups and downs. Last year, Niagara saw its overall home value fall 12 per cent year-over-year, after an increase of 25.4 per cent from 2020 to 2021. But that market, with its sky-high prices, quick transactions and multiple bids was “completely unsustainable,” said Layton.

This year is a different year, and her role as president is a motivating return-to-normal. It’s time for realtors, herself included, to “sharpen it up.”

“This is back to reminding everybody (to) sharpen their skills and brush up on everything if they haven’t done it already,” said Layton. “We’re always going to be needed as a realtor but now you actually have to use your skills again, which I’m really excited about. We get to do our whole job again.”

It’s also about getting back to basics, and a reminder of why