HORRY COUNTY, S.C. (WBTW) — As inflation hurts people across the country, farmers are one of the many among those suffering financially, including one in Horry County.As the heat rises in South Carolina, bugs are making their way into farmers' crop. Allen Aviation's Chief Pilot and current Horry County Councilman, Al Allen, said that the bugs are climbing into farmers' plants to suck out the water to stay alive, which, in turn, is hurting farmers and making crops die.It hurts them not only by losing some of their hard work, but also hurting their wallets as they try to prevent bugs from destroying them.In Aynor, Ronald Rabon of Double R Farms, said that although bugs haven't hurt their crop yet this summer, he's aware that they could anytime soon. He said that not only has the cost for fertilizer to keep the bugs away from his field put a financial burden on his family, but just about everything else a farmer needs to run a farm smoothly.He said the cost of diesel fuel per gallon for his $350,000 tractor cost $1.29. Now, it sits upwards of $4. He said fertilizer tripled in costs, with it costing $350 a couple years ago. Now, it sometimes costs him $1,000.He said fungicide used to sit at about $5-6 an acre. Now, it costs $18 an acre. Rabon said the amount of money he's making from his crops on the cotton and soy bean farm is simply not enough."Crop prices, they're the cheapest they've been in years," he said. "And it's a no-win situation if something doesn't change, because I've been here all my life. I'm an old man."A devout Christian, Rabon said it's his trust in God that reassures him that everything will be OK. He said he's saddened by the fact that his grandson may not be able to take over as he's the fifth generation to own the farm.Rabon said with the way the business is going, if it doesn't change in the foreseeable future, he doesn't want to put his grandson through that financial obstacle."My daddy was raised here, and his daddy, and his daddy, and his daddy," Rabon said. "That boy right there, he's my grandson. I was hoping one day he might, but if things don't change, he can't, because he can't make a living."Being a business that relies on the market, which Rabon said is similar to stocks, makes farmers rely on the prices that have been set on their said crop. He said his cotton and soy beans are on the Chicago Board of Trade, where currently, the prices are the lowest he's ever seen them.He said a couple years ago, his beans were about $15. Now, they're $11. His cotton used to sell for more than a dollar. After looking on Wednesday, he said it now costs 72 cents."We're making little money doing it. It just makes you feel bad to come in at night at 10 [p.m.] to look back and see what you've done today and proud of what you've done, but it don't look like you've made a near bit of money," Rabon said.He said he thinks part of the issue is that the young American population doesn't know where the food on their tables comes from. He said if they knew the amount of labor and love that went into it, maybe they'd better understand the issues farmers face and want to prolong American agriculture.But with more people selling the land and building houses, Rabon said he hopes his farm will never come to that."I've lost, 1,2,3, 4 farms in two years to houses," he said. "I'm going to do it [farming] till the day I die or get sick and can't do it. But I hate to see this farm, I mean, it's a five-generation farm, I hate to see this farm go away."* * *Gabby Jonas joined the News13 team as a multimedia journalist in April 2024. She is from Columbus, Ohio, and graduated from Kent State University in May 2023. Follow Gabby on X, formerly Twitter , Facebook or Instagram , and read more of her work here .

HORRY COUNTY, S.C. (WBTW) — As inflation hurts people across the country, farmers are one of the many among those suffering financially, including one in Horry County. As the heat rises in South Carolina, bugs are making their way into farmers’ crop. Allen Aviation’s Chief Pilot and current Horry County Councilman, Al Allen, said that […]

As the heat rises in South Carolina, bugs are making their way into farmers' crop. Ronald Rabon of Double R Farms said the amount of money he's making from his crops on the cotton and soy bean farm is simply not enough. Rabon said he's saddened by the fact that his grandson may not be able to take over as he's the fifth generation to own the farm.

Inflation threatens Horry County farmer to sell 5th-generation farm

COLUMBUS, Ohio ( WCMH ) — A family-owned vendor serving vegan soul food has closed its North Market shop, but the owner said his business is not going away.After three years, Willowbeez Soulveg left the Downtown location Monday. In a social media post announcing its departure, owner Carnell Willoughby said the change was not "a sad moment" but a transition."We've been here three beautiful years; it went by crazy fast," Willoughby said.Willoughby did not give a reason for the move but said Willowbeez Soulveg will remain a part of the food scene in Columbus. He said the vegan food and catering company will continue to serve its dishes through pop-up shops, and he encouraged fans to keep an eye out for dates on social media. Originally started in 2012, the business began as a pop-up and catering company. Now, Willowbeez will return to its roots.Items on Willowbeez's North Market menu included a spin on the traditional BLT with mushroom bacun, wilted kale and roma tomato called the "BKT" sandwich, and a breaded banana blossom called the "No Fish Fry." The soul food shop emphasized a plant-based lifestyle, which Willowbeez said is proven to contribute to healthier outcomes.Willoughby said the community shared by the North Market's many vendors is what makes it special."Whenever you step into a space with intentions to build community, you become a part of that community," Willoughby said. "That community I mean is the merchants that I share the space with, we have built a community here. There is a sense of home here."

COLUMBUS, Ohio (WCMH) — A family-owned vendor serving vegan soul food has closed its North Market shop, but the owner said his business is not going away. After three years, Willowbeez Soulveg left the Downtown location Monday. In a social media post announcing its departure, owner Carnell Willoughby said the change was not “a sad […]

Willowbeez Soulveg left the Downtown location Monday. Owner Carnell Willoughby said the change was not "a sad moment" but a transition. The vegan food and catering company will continue to serve its dishes through pop-up shops.Items on Willowbeez's North Market menu included a spin on the traditional BLT with mushrooms.

Vegan soul food merchant leaves North Market, has plans for the future

Jun. 25—LIMA — Lima Mayor Sharetta Smith said Riverfront One is structurally sound and the city is now going through the process of listening to ideas from residents and consultants on what it could be used for.Ted Spitzer of Market Ventures Inc. gave a presentation at a town hall Tuesday night about what it would look like if the city put in a public market at the property."I am a strong believer that not all good ideas come from city hall and that we work better as a community when we hear from everyone and have their input," Smith said. "Today, we've had a series of meetings with professionals and some major employers prior to this public meeting tonight about what public markets are and what other communities have done to bring them to their area."Spitzer said he has worked on markets in cities including Fort Wayne, Cleveland and Columbus and compared Lima to similar cities like Santa Fe, New Mexico; Ithaca, New York; and Napa, California that also have markets.He outlined the different markets that are possible, how they work and how things like greenhouses, SNAP benefits and unique features can be used to drive sustainability, attract low-income shoppers and build a customer base.Most of the community members in attendance were receptive to the idea and excited by it, comparing it to how they experience Columbus and placing it in the context of other aspects of how the city has revitalized the downtown area."It was exactly what I was thinking as far as what we need downtown," Dennis Hempker said. "I feel like we've been kind of like an industrial city for whatever amount of years and we're really making the step toward making an entertainment district. We've already taken strides toward that with the Ohio Theatre, the amphitheater and John (Heaphy's) Spring and Main so I feel like this is our next big step in bringing another people downtown."Smith said the city is just going through the first step of listening so far, but that the preference is some kind of mixed-use development, something she has said since the city bought the property for $200,000 last year (bit.ly/3VIhBOK)."We've heard that retail is important and we've also heard that when we talk about a public market, it's okay to think about the term 'market' in a broader sense," she said. "It could mean prepared foods, fresh foods or an eclectic place to sell local goods. We're open to hearing all of those ideas and bring in what will work best for our communities."The city requested proposals earlier this year and received 300 responses from the community in a survey."Our next step after the feasibility study is to craft the development deal," Smith said. "The goal would be to enter into a deal before the end of this year or early next year."Reach Jacob Espinosa at 567-242-0399.

Jun. 25—LIMA — Lima Mayor Sharetta Smith said Riverfront One is structurally sound and the city is now going through the process of listening to ideas from residents and consultants on what it could be used for. Ted Spitzer of Market Ventures Inc. gave a presentation at a town hall Tuesday night about what it would look like if the city put in a public market at the property. "I am a strong ...

Lima Mayor Sharetta Smith says Riverfront One is structurally sound. The city is now going through the process of listening to ideas on what it could be used for. Ted Spitzer of Market Ventures Inc. gave a presentation at a town hall Tuesday night. Spitzer said he has worked on markets in cities including Fort Wayne, Cleveland and Columbus.

Market at Riverfront One a possibility

"We continue to face a difficult operating environment, including persistent pressures on the U.S. consumer and the impact of recent marketplace dynamics, which have eroded pharmacy margins," said Tim Wentworth, CEO of WBA, in the company's third quarter results report . "Our results and outlook reflect these headwinds, despite solid performance in both our International and U.S. Healthcare segments."Currently, Walgreens has not revealed which stores will close in what states.Walgreens has locations in the following Maryland cities:<li>Aberdeen, Abingdon, Annapolis, Arbutus</li><li>Baltimore, Bel Air, Belcamp, Beltsville, Berlin, Bethesda, Bowie, Brooklyn, Brunswick</li><li>Cambridge, Catonsville, Centreville, Charlotte Hall, Chester, Chestertown, Cheverly, Clarksville, Clinton, Cockeysville, Columbia</li><li>Denton, District Heights</li><li>Easton, Edgewater, Edgewood, Eldersburg, Elkridge, Elkton, Ellicott City, Essex</li><li>Fallston, Finksburg, Forest Hill, Forestville, Frederick, Frostburg</li><li>Gaithersburg, Gambrills, Germantown, Glen Burnie, Grantsville</li><li>La Plata, Largo, Laurel, Leonardtown, Lusby, Lutherville</li><li>Mount Airy</li><li>North East, Nottingham</li><li>Oakland, Odenton, Olney</li><li>Pasadena, Perryville, Phoenix, Pikesville, Potomac, Prince Frederick</li><li>Randallstown, Reisterstown, Riverdale, Rock Hall, Rockville, Rosedale</li><li>Salisbury, Severn, Severna Park, Silver Spring, Smithsburg</li><li>Takoma Park, Timonium, Towson</li><li>Upper Marlboro</li><li>Waldorf, Westminster</li>According to the third quarter report, WBA sales increased 2.6 percent from the year-ago quarter to $36.4 billion, an increase of 2.5 percent on a constant currency basis, "reflecting sales growth across all segments."The company announced last October it would be implementing cost-cutting measures to the tune of at least $1 billion. In the last year, WBA has had several rounds of corporate layoffs.Patch Staff Writer Eric DeGrechie contributed to this story.

Walgreens Closing 'Significant Number' Of Stores: See MD Impacts - Bowie, MD - The pharmacy chain's CEO said it will close underperforming stores after reporting its third-quarter finances.

Walgreens has locations in the following Maryland cities:Aberdeen, Abingdon, Annapolis, Arbutus, Baltimore, Bel Air, Belcamp, Beltsville, Berlin, Bethesda, Bowie, Brooklyn, Brunswick. WBA sales increased 2.6 percent from the year-ago quarter to $36.4 billion.

Walgreens Closing 'Significant Number' Of Stores: See MD Impacts

shares<h3>What's the buzz on Twitter?</h3> Rod Boone rodboone Asked Jeff Peterson about Miles Bridges and he said he's made it very clear to Miles that they want him to stay with the #Hornets . – 6:58 PM Dane Moore DaneMooreNBA Terrence Shannon Jr.'s measurements at the combine... – Height without shoes: 6'5.75′′ – Wingspan: 6'8.75′′ – Weight: 219 Here are some players I found with similar measurements at their combines going back to 2016... Dillon Brooks: 6'5′′ / 6'6′′ / 220 Miles Bridges: 6'5.25′′ / – 11:24 PM Law Murray LawMurrayTheNU I would certainly say that Tidjane "Not Dalton Knecht" Salaun fits this description. Hornets traded PJ Washington and Miles Bridges, Davis Bertans, and JT Thor are free agents pic.twitter.com/WtSeDESZcB – 8:47 PM Eurohoops Eurohoopsnet Bojan Bogdanovic returns to rebuilding Brooklyn while Miles Bridges got to the Knicks eurohoops.net/en/nba-news/16... – 2:43 AM Eurohoops Eurohoopsnet Bojan Bogdanovic returns to rebuilding Brooklyn while Miles Bridges got to the Nicks eurohoops.net/en/nba-news/16... – 2:14 AM James Plowright British_Buzz Results of Dunc'd On's "Mock Off-season" podcast for the Charlotte Hornets – Miles Bridges signed in DET for $110 million (4 years) – Bruce Brown signs $45 million (3 years) – Patrick Williams signs $48 million (3 years) – Jonas Valancunis signs $17 (2 years Room Exception) – 2:59 PM <h3>More on this storyline </h3> As for free agency, there remains a belief around the league that Charlotte wants to re-sign forward Miles Bridges this summer after nearly an identical season to his 2021-22 season breakout campaign. -via HoopsHype / June 24, 2024 Charlotte, sources said, held conversations with Brooklyn about swapping Miles Bridges in a package that would have brought Ben Simmons to the Hornets in February. Sacramento was another team that inquired about Bridges at the deadline, sources said. -via Yahoo! Sports / June 21, 2024

Rod Boone: Asked Jeff Peterson about Miles Bridges and he said he's made it very clear to Miles that they want him to stay with the #Hornets.Source: Twitter @rodboone What's the buzz on Twitter? Rod Boone @rodboone Asked Jeff Peterson about Miles Bridges and he said he's made it very c...

There remains a belief around the league that Charlotte wants to re-sign forward Miles Bridges this summer after nearly an identical season to his 2021-22 season breakout campaign. Charlotte, sources said, held conversations with Brooklyn about swapping Miles Bridges in a package that would have brought Ben Simmons to the Hornets in February.

Hornets want Miles Bridges to stay

SILVER LAKE – Filson, an American heritage clothing brand , is opening their first Southern California location in Silver Lake on Friday, June 28.Filson was founded in 1897 in Seattle, originally aimed to outfit those headed for the Yukon, a Canadian territory, during the Klondike Gold Rush. Popular among explorers and outdoor enthusiasts, Filson's products are known for their durability .Products range from durable jackets, sweaters, shirts to caps and luggage. They use signature materials such as Mackinaw wool and tin cloth.Neil Morgan, vice president of Retail at Filson, expressed excitement about the brand's new presence in Los Angeles."It's taking the Pacific Northwest into LA," he said. "We're very proud of our home and our heritage and where we started this brand, and why we started the brand here in Seattle."Morgan added that Los Angeles is one of Filson's top three markets."I think L.A. is a very diverse community," he said. "You have people in tech and art and entertainment and hospitality, so I think it's really opening us up to a wide variety of customers."Another important element for Filson is connections to the music industry, according to Morgan.Filson has collaborated with high-profile stars including country singer Chris Stapleton. Actor Cole Hauser wore Filson clothes in the television series Yellowstone. Other celebrities who have worn the brand include Tom Cruise, Jeremy Allen White and Tom Selleck."You've got to understand what Mackinaw wool is, what tin cloth is and realize that is what our company stands by: high quality premium goods," he said."You buy something from Filson and it's something that you can take with you and pass down to your kids and maybe even your grandkids," he said. "Filson is a brand that is more than just a fad or a trend, but really timeless."Filson is always looking for new markets and new opportunities."Markets that we are looking at for the future include Denver and Nashville, among others," Morgan said. "So [we] definitely want to look at those when they come and when it makes sense for us."Filson will also be launching a women's wear line in the fall, according to Morgan.

Products range from durable jackets, sweaters, shirts to caps and luggage. They use signature materials such as Mackinaw wool and tin cloth.

Filson, an American heritage clothing brand, is opening their first Southern California location in Silver Lake on Friday, June 28. Filson was founded in 1897 in Seattle, originally aimed to outfit those headed for the Yukon, a Canadian territory, during the Klondike Gold Rush. Popular among explorers and outdoor enthusiasts, Filson's products are known for their durability.

Filson is coming to Los Angeles, marking its first location in Southern California

SILVER LAKE – Filson, an American heritage clothing brand , is opening their its Southern California location in Silver Lake on Friday, June 28.Filson was founded in 1897 in Seattle, originally aimed to outfit those headed for the Yukon, a Canadian territory, during the Klondike Gold Rush. Popular among explorers and outdoor enthusiasts, Filson's products are known for their durability .Products range from durable jackets, sweaters, shirts to caps and luggage. They use signature materials such as Mackinaw wool and tin cloth.Neil Morgan, vice president of Retail at Filson, expressed excitement about the brand's new presence in Los Angeles."It's taking the Pacific Northwest into LA," he said. "We're very proud of our home and our heritage and where we started this brand, and why we started the brand here in Seattle."Morgan added that Los Angeles is one of Filson's top three markets."I think L.A. is a very diverse community," he said. "You have people in tech and art and entertainment and hospitality, so I think it's really opening us up to a wide variety of customers."Another important element for Filson is connections to the music industry, according to Morgan.Filson has collaborated with high-profile stars including country singer Chris Stapleton. Actor Cole Hauser wore Filson clothes in the television series Yellowstone. Other celebrities who have worn the brand include Tom Cruise, Jeremy Allen White and Tom Selleck."You've got to understand what Mackinaw wool is, what tin cloth is and realize that is what our company stands by: high quality premium goods," he said."You buy something from Filson and it's something that you can take with you and pass down to your kids and maybe even your grandkids," he said. "Filson is a brand that is more than just a fad or a trend, but really timeless."Filson is always looking for new markets and new opportunities."Markets that we are looking at for the future include Denver and Nashville, among others," Morgan said. "So [we] definitely want to look at those when they come and when it makes sense for us."Filson will also be launching a women's wear line in the fall, according to Morgan.

Filson was founded in 1897 in Seattle, originally aimed to outfit those headed for the Yukon, a Canadian territory, during the Klondike Gold Rush. Products range from durable jackets, sweaters, shirts to caps and luggage. Filson has collaborated with high-profile stars including country singer Chris Stapleton.

Kathleen Li and Matthew Molnar met online in September 2019, and before they knew it, they were pandemic sweethearts."Otherwise, I don't know that I would have seen another living soul during the first year of the pandemic," said Ms. Li, 36, who grew up in Poughkeepsie, N.Y., and moved to the city in 2010 for a job at Google, where she works as a software engineer.Three years later, she and Mr. Molnar, also a software engineer, became pandemic-era newlyweds. And in late 2023, as their lease on a small Lower East Side two-bedroom was about to expire, they considered the age-old question: Was it better to buy or to go on renting?As they perused Zillow, the numbers came together quickly. They saw apartments listed for not much more than they had sold for 10 or 15 years earlier. Some sellers were even dropping their prices to lure buyers after the feeding frenzy during the early years of the pandemic."The stock market was doing fairly well, and we had some investments that we could utilize," said Mr. Molnar, 39, who grew up in Ohio and bought a house there before moving to New York for a job in 2017. The house, which he kept, was generating rental income.Almost immediately, a spacious Flatiron loft caught Ms. Li's eye. "The renovation was really beautiful," she said.When the couple asked to see it, Zillow matched them with Eric Zollinger, an associate broker at Elegran Forbes Global Properties, and the three instantly clicked."They were by far the best buyers I've ever worked with," Mr. Zollinger said, adding that the pair did their homework and came to every showing with a positive attitude and an open mind. "It was the easiest deal from start to finish, mainly because they did everything I asked them to."The couple set a budget of $1.7 million, and their wish list included enough space to start a family, the need for only minimal renovations and minimal noise. With both doing hybrid remote work, they wanted home-office spaces and the shortest possible commutes to her office in Chelsea and the co-working sites used by his employer, Button.Among their options:

With their lease on a Lower East Side apartment expiring, two software engineers wondered if buying made more sense than renting, now that the housing market wasn’t quite so frenzied. Here’s what they found.

Kathleen Li and Matthew Molnar met online in September 2019. Three years later, they became pandemic-era newlyweds.

Pandemic-Era Newlyweds Consider an Age-Old Question: To Buy or Not to Buy?

Months after paying over $200 million to acquire real estate data firms EDR and ExactBid, a tech startup that's attempting to create a Bloomberg Terminal-like platform for real estate just picked up two additional companies.New York-based Lightbox, backed by venture capital firm Silver Lake Partners, said Monday that it had acquired Real Capital Markets, a commercial real estate marketplace, and Digital Map Products, a cloud-based location and mapping platform. The firm did not disclose the value of the acquisitions.The latest acquisitions bring Lightbox's total portfolio of companies to four, including EDR and ExactBid, which provide due diligence, risk management and software-as-a-service tools on real estate assets. Each of the four businesses will ultimately operate under the Lightbox brand. Its CEO Eric Frank said Lightbox currently has 50,000 customers, and more than 500 employees.Led by Frank, a former board member and advisor to Daily Mail General Trust's real estate arm and an ex- Thomson Reuters executive, Lightbox plans to acquire established tech companies and create an information digital platform for professionals inside and outside the real estate industry. Sign Up for the undefined Newsletter</h3>"You have a very fragmented industry, which has a very small vendor community, and very siloed solutions," Frank said in an interview. "And that has impeded the ability of the commercial real estate marketplace to really adopt and leverage technology to its fullest potential."Frank said Lightbox's goal and ambition is divergent to that of Moody's Analytics' Reis Network, and CoStar's suite of products, which primarily provide tools geared toward real estate professionals, and consumers. Instead, he said the operating company will serve as the real estate equivalent to that of financial markets information services, like S&P, Fitch Ratings, Thomson Reuters and Bloomberg, which will interpret the real estate industry for financial firms, environmental firms, land developers, builders, appraisers, buyers and city planners.Real Capital Markets, which claimed last year that over $1 trillion in deals were conducted on its platform over a five year period, will add a commercial real estate marketplace to Lightbox's suite of tools. The firm says almost 70,000 transactions have been conducted on its website. Digital Map Products, which was launched in the 1990s, will add environmental mapping and location services to Lightbox's offerings.The company did not disclose its total received investments, but it is majority backed by Silver Lake, a tech-focused private equity investor with $45 billion under management, and Battery Ventures, a Boston-based investment firm with almost $7 billion under management. Frank, the firm's chairman and chief executive, has a minority stake in Lightbox.

Lightbox said Monday that it had acquired Real Capital Markets, a commercial real estate marketplace, and Digital Map Products, a cloud-based location platform.

New York-based tech startup Lightbox has acquired Real Capital Markets and Digital Map Products. Lightbox is attempting to create a Bloomberg Terminal-like platform for real estate. The firm did not disclose the value of the acquisitions. It is majority backed by venture capital firm Silver Lake Partners, with $45 billion under management.

Real Capital Markets

( NewsNation ) — Five U.S. cities are considered "impossibly unaffordable" when it comes to housing , placing them among the most expensive markets in the world, according to a new study.Researchers at Chapman University and the Frontier Centre for Public Policy in Canada analyzed 94 major cities in eight countries and determined San Jose, California is the least affordable housing market in the U.S. The Silicon Valley metro was the fourth most unaffordable in the English-speaking world.In fact, four of the top 10 least affordable housing markets on the list were in California: Los Angeles (5th), San Francisco (8th) and San Diego (10th). Honolulu, ranked sixth, was the only city outside the Golden State ranked near the top. "Restrictive housing policies may be packaged as progressive, but in social terms, their impact could better be characterized as regressive," Joel Kotkin, Director for Chapman's Center for Demographics and Policy, said in the report.The rankings were based on each metro's price-to-income ratio, which is the median house price divided by the median household income. The report found the gap between housing costs and income has widened since the pandemic, triggering a cost-of-living crisis for many American families. "For decades, home prices generally rose at about the same rate as income, and homeownership became more widespread," said Wendell Cox, the study's author. "But affordability is disappearing in high-income nations as housing costs now far outpace income growth."As for what's driving the crisis, the report blamed land use policies that "artificially restrict housing supply" and drive up land prices.A separate Zillow report out this week found the U.S. housing shortage now stands at 4.5 million homes. That deficit is one of the reasons prices continue to hit record highs even as mortgage rates remain elevated. Even with those issues, the Chapman study did have some good news for Americans. Researchers found nine of the 10 most affordable cities were in the U.S. Of the nearly 100 cities analyzed, Pittsburgh's housing market was the most affordable, followed by Rochester and St. Louis. Cleveland, Buffalo and Detroit also ranked near the top for affordability. The three least affordable housing markets were all outside the U.S.: Hong Kong, China; Sydney, Australia; and Vancouver, Canada.The least affordable major cities in the world, according to the study:<ol><li>Hong Kong, China</li><li>Sydney, New South Wales (Australia)</li><li>Vancouver, British Columbia (Canada)</li><li>San Jose, California (U.S.)</li><li>Los Angeles, California (U.S.)</li><li>Honolulu, Hawaii (U.S.)</li><li>Melbourne, Victoria (Australia)</li><li>San Francisco, California (U.S.)</li><li>Adelaide, South Australia (Australia)</li><li>San Diego, California (U.S.)</li></ol>The most affordable major cities in the world, according to the study:<ol><li>Pittsburgh, Pennsylvania (U.S.)</li><li>Rochester, New York (U.S.)</li><li>St. Louis, Missouri (U.S.)</li><li>Cleveland, Ohio (U.S.)</li><li>Edmonton, Alberta (Canada)</li><li>Buffalo, New York (U.S.)</li><li>Detroit, Michigan (U.S.)</li><li>Oklahoma City, Oklahoma (U.S.)</li><li>Cincinnati, Ohio (U.S.)</li><li>Louisville, Kentucky (U.S.)</li></ol>The report also listed 17 "severely unaffordable" housing markets in the U.S., ranked one tier below the "impossibly unaffordable" category. Perhaps unsurprisingly, many of these cities are located on the West Coast, such as Seattle and Portland, and the California areas of Riverside-San Bernardino, Sacramento, and Fresno. On the East Coast, these markets include New York, Boston, and Providence, Rhode Island. Then, there's the Southwest, with Las Vegas, Phoenix and Tucson, making the list. The South also has three "severely unaffordable" markets, all in Florida: Miami, Orlando and Tampa. Meanwhile, the Mountain and Midwest regions had the fewest markets each in this category, including Denver, Colorado; Salt Lake City, Utah; and Milwaukee, Wisconsin.Nexstar's Ashleigh Jackson contributed to this report.

When it comes to housing, the U.S. is home to some of the most unaffordable cities in the world, according to a new study.

Researchers at Chapman University and the Frontier Centre for Public Policy in Canada analyzed 94 major cities in eight countries. Four of the top 10 least affordable housing markets on the list were in California. Pittsburgh's housing market was the most affordable, followed by Rochester and St. Louis. The three least affordable markets were all outside the U.S.: Hong Kong, China; Sydney, Australia; and Vancouver.

Housing is ‘impossibly unaffordable’ in these US cities

<li>Asking rents for one- and two-bedroom apartments are up more than 10% in some large U.S. cities since June 2023, according to Zumper. </li><li>They include Syracuse, New York; Lincoln, Nebraska; Chicago; Buffalo, New York; Madison, Wisconsin; Rochester, New York; and New York City. </li><li>Meanwhile, prices fell by at least 5% in other major cities.</li><li>Rent inflation is guided by apartment supply and renter demand. </li>Many major U.S. cities have seen apartment prices soar in the past year, even as the typical American has seen pandemic-era rent inflation cool substantially.For example, renters in Syracuse, New York, saw monthly rents for one- and two-bedroom apartments on the market jump the most relative to other big cities: by 29% and 25%, respectively, since June 2023, according to data in Zumper's National Rent Report.Zumper analyzed median asking rents for apartment listings in the largest 100 U.S. cities by population.Rents have also risen by at least 10% for both one- and two-bedroom apartments in other major metros: Lincoln, Nebraska; Chicago; Buffalo, New York; Madison, Wisconsin; Rochester, New York; and New York City, according to Zumper.Conversely, renters in other cities are seeing relief.Asking rents for one-bedroom apartments have declined by at least 5% in Oakland, California; Memphis and Chattanooga, Tennessee; Cincinnati, Ohio; Colorado Springs, Colorado; Irving, Texas; Jacksonville, Florida; and Raleigh, Greensboro and Durham, North Carolina, according to the analysis.By comparison, national prices overall for one- and two-bedroom apartments are up 1.5% and 2.1%, respectively, since June 2023, Zumper found. Money Report</h3>New York is the most expensive metro for renters: The typical renter pays $4,300 a month for a one-bedroom apartment, it found.By comparison, in Akron, Ohio, and Wichita, Kansas — which tied for the lowest big-city rents — renters pay $730 a month for a one-bedroom apartment. What causes rent inflation</h4>At a high level, rent inflation is guided by supply-and-demand dynamics, said Crystal Chen, an analyst who authored the Zumper analysis.Basically, areas with fast-growing rents are seeing demand outstrip the supply of available apartments, while those with falling rents have seen their apartment inventories growing.For example, the apartment vacancy rate in New York City recently dropped to 1.4% , a historic low dating to the 1960s, according to the New York City Department of Housing Preservation and Development. The vacancy rate "nosedived" from 4.5% just two years ago, the agency said.More from Personal Finance: The typical new home in the U.S. is shrinking Why inflation is still upending retirement plans These are the least difficult areas in U.S. to buy a home "The data is clear, the demand to live in our city is far outpacing our ability to build housing," New York City Mayor Eric Adams said in a statement about the vacancy rate.Swelling rents can present financial challenges for households.In May, a typical renter would have spent almost 30% of their income on a new rental, according to Zillow.While down from a recent peak near 31% in June 2022, it exceeds the roughly 28% that was common before the pandemic, according to Zillow data.About 86% of New York City residents with the lowest income (less than $25,000 a year) are severely rent burdened, according to the New York City Department of Housing Preservation and Development. An increase in financial strain has caused "an alarming increase in missed rent payments and arrears" relative to 2021, it said.High rents can have other cascading impacts.For example, they may limit the ability of prospective homebuyers to save for a down payment, "keeping them on the sidelines of the housing market," Fitch said in a global housing outlook. Rent inflation has fallen substantially</h4>Rent inflation plummeted in the early days of the Covid-19 pandemic."Pretty much everyone" sheltered in place during the health crisis, and digital nomads who no longer had to work in a physical office left cities in favor of the suburbs and outdoor spaces, Chen said.However, rents spiked through 2022 and into 2023 amid return-to-office policies and as people moved back to bigger cities, Chen said.

Asking rents for one- and two-bedroom apartments are up more than 10% in some large U.S. cities since June 2023, according to Zumper.

Asking rents for one- and two-bedroom apartments are up more than 10% in some U.S. cities. Prices fell by at least 5% in other major cities. Rent inflation is guided by apartment supply and renter demand. The typical American has seen pandemic-era rent inflation cool substantially.

Here's where U.S. rents are rising — and falling — the fastest

<li>Asking rents for one- and two-bedroom apartments are up more than 10% in some large U.S. cities since June 2023, according to Zumper. </li><li>They include Syracuse, New York; Lincoln, Nebraska; Chicago; Buffalo, New York; Madison, Wisconsin; Rochester, New York; and New York City. </li><li>Meanwhile, prices fell by at least 5% in other major cities.</li><li>Rent inflation is guided by apartment supply and renter demand. </li>Many major U.S. cities have seen apartment prices soar in the past year, even as the typical American has seen pandemic-era rent inflation cool substantially.For example, renters in Syracuse, New York, saw monthly rents for one- and two-bedroom apartments on the market jump the most relative to other big cities: by 29% and 25%, respectively, since June 2023, according to data in Zumper's National Rent Report.Zumper analyzed median asking rents for apartment listings in the largest 100 U.S. cities by population.Rents have also risen by at least 10% for both one- and two-bedroom apartments in other major metros: Lincoln, Nebraska; Chicago; Buffalo, New York; Madison, Wisconsin; Rochester, New York; and New York City, according to Zumper.Conversely, renters in other cities are seeing relief.Asking rents for one-bedroom apartments have declined by at least 5% in Oakland, California; Memphis and Chattanooga, Tennessee; Cincinnati, Ohio; Colorado Springs, Colorado; Irving, Texas; Jacksonville, Florida; and Raleigh, Greensboro and Durham, North Carolina, according to the analysis.By comparison, national prices overall for one- and two-bedroom apartments are up 1.5% and 2.1%, respectively, since June 2023, Zumper found. U.S. & World</h3>New York is the most expensive metro for renters: The typical renter pays $4,300 a month for a one-bedroom apartment, it found.By comparison, in Akron, Ohio, and Wichita, Kansas — which tied for the lowest big-city rents — renters pay $730 a month for a one-bedroom apartment. What causes rent inflation</h4>At a high level, rent inflation is guided by supply-and-demand dynamics, said Crystal Chen, an analyst who authored the Zumper analysis.Basically, areas with fast-growing rents are seeing demand outstrip the supply of available apartments, while those with falling rents have seen their apartment inventories growing.For example, the apartment vacancy rate in New York City recently dropped to 1.4% , a historic low dating to the 1960s, according to the New York City Department of Housing Preservation and Development. The vacancy rate "nosedived" from 4.5% just two years ago, the agency said.More from Personal Finance: The typical new home in the U.S. is shrinking Why inflation is still upending retirement plans These are the least difficult areas in U.S. to buy a home "The data is clear, the demand to live in our city is far outpacing our ability to build housing," New York City Mayor Eric Adams said in a statement about the vacancy rate.Swelling rents can present financial challenges for households.In May, a typical renter would have spent almost 30% of their income on a new rental, according to Zillow.While down from a recent peak near 31% in June 2022, it exceeds the roughly 28% that was common before the pandemic, according to Zillow data.About 86% of New York City residents with the lowest income (less than $25,000 a year) are severely rent burdened, according to the New York City Department of Housing Preservation and Development. An increase in financial strain has caused "an alarming increase in missed rent payments and arrears" relative to 2021, it said.High rents can have other cascading impacts.For example, they may limit the ability of prospective homebuyers to save for a down payment, "keeping them on the sidelines of the housing market," Fitch said in a global housing outlook. Rent inflation has fallen substantially</h4>Rent inflation plummeted in the early days of the Covid-19 pandemic."Pretty much everyone" sheltered in place during the health crisis, and digital nomads who no longer had to work in a physical office left cities in favor of the suburbs and outdoor spaces, Chen said.However, rents spiked through 2022 and into 2023 amid return-to-office policies and as people moved back to bigger cities, Chen said.

Asking rents for one- and two-bedroom apartments are up more than 10% in some U.S. cities. Prices fell by at least 5% in other major cities. Rent inflation is guided by apartment supply and renter demand. The typical American has seen pandemic-era rent inflation cool.

Jamie Kelter Davis/Bloomberg via Many major U.S. cities have seen apartment prices soar in the past year, even as the typical American has seen pandemic-era rent inflation cool substantially.For example, renters in Syracuse, New York, saw monthly rents for one- and two-bedroom apartments on the market jump the most relative to other big cities: by 29% and 25%, respectively, since June 2023, according to data in Zumper's National Rent Report.Zumper analyzed median asking rents for apartment listings in the largest 100 U.S. cities by population.Rents have also risen by at least 10% for both one- and two-bedroom apartments in other major metros: Lincoln, Nebraska; Chicago; Buffalo, New York; Madison, Wisconsin; Rochester, New York; and New York City, according to Zumper.Conversely, renters in other cities are seeing relief.Asking rents for one-bedroom apartments have declined by at least 5% in Oakland, California; Memphis and Chattanooga, Tennessee; Cincinnati, Ohio; Colorado Springs, Colorado; Irving, Texas; Jacksonville, Florida; and Raleigh, Greensboro and Durham, North Carolina, according to the analysis.By comparison, national prices overall for one- and two-bedroom apartments are up 1.5% and 2.1%, respectively, since June 2023, Zumper found.New York is the most expensive metro for renters: The typical renter pays $4,300 a month for a one-bedroom apartment, it found.By comparison, in Akron, Ohio, and Wichita, Kansas — which tied for the lowest big-city rents — renters pay $730 a month for a one-bedroom apartment. What causes rent inflation</h2>At a high level, rent inflation is guided by supply-and-demand dynamics, said Crystal Chen, an analyst who authored the Zumper analysis.Basically, areas with fast-growing rents are seeing demand outstrip the supply of available apartments, while those with falling rents have seen their apartment inventories growing.For example, the apartment vacancy rate in New York City recently dropped to 1.4% , a historic low dating to the 1960s, according to the New York City Department of Housing Preservation and Development. The vacancy rate "nosedived" from 4.5% just two years ago, the agency said.More from Personal Finance: The typical new home in the U.S. is shrinking Why inflation is still upending retirement plans These are the least difficult areas in U.S. to buy a home "The data is clear, the demand to live in our city is far outpacing our ability to build housing," New York City Mayor Eric Adams said in a statement about the vacancy rate.Swelling rents can present financial challenges for households.In May, a typical renter would have spent almost 30% of their income on a new rental, according to Zillow.While down from a recent peak near 31% in June 2022, it exceeds the roughly 28% that was common before the pandemic, according to Zillow data.About 86% of New York City residents with the lowest income (less than $25,000 a year) are severely rent burdened, according to the New York City Department of Housing Preservation and Development. An increase in financial strain has caused "an alarming increase in missed rent payments and arrears" relative to 2021, it said.High rents can have other cascading impacts.For example, they may limit the ability of prospective homebuyers to save for a down payment, "keeping them on the sidelines of the housing market," Fitch said in a global housing outlook. Rent inflation has fallen substantially</h2>Rent inflation plummeted in the early days of the Covid-19 pandemic."Pretty much everyone" sheltered in place during the health crisis, and digital nomads who no longer had to work in a physical office left cities in favor of the suburbs and outdoor spaces, Chen said.However, rents spiked through 2022 and into 2023 amid return-to-office policies and as people moved back to bigger cities, Chen said.Annual rent inflation largely hovered between 3% and 4% the the years leading up to the pandemic, and peaked around 9% in early 2023, according to the consumer price index. It has gradually cooled since then, to about 5% in May, according to consumer price index data.

Many major U.S. cities have seen apartment prices soar in the past year. The typical American has seen pandemic-era rent inflation cool substantially. Rent inflation largely hovered between 3% and 4% in the years leading to the pandemic. It has gradually cooled to about 5% in May, according to consumer price index.

Home-price gains in the US slowed in April as would-be buyers facing higher mortgage rates pulled back from the market.A national measure of prices rose 6.3% from a year earlier, less than the 6.5% gain in March, according to data from S&P CoreLogic Case-Shiller.Run-ups in both prices and mortgage rates over the past couple of years have squeezed buyers and kept listings tight as owners reluctant to part with their pandemic-era cheap loans stay put. Borrowing costs popped back above 7% in April, pushing more house hunters to the sidelines and easing bidding wars for the ones who remained in the market.Despite the deceleration, the national measure of prices is at a record, according to S&P CoreLogic Case-Shiller data going back more than two decades."Heading into summer, the market is at an all-time high, once again testing its resilience against the historically more active time of the year," Brian Luke, head of commodities, real and digital assets at S&P Dow Jones Indices, said in a statement Tuesday.Prospects may be getting rosier for buyers. The share of sellers dropping their list price was at its highest level since November 2022 and growth in asking prices has slowed, according to data from Redfin Corp. for the four weeks through June 16. Homes that need work are lingering on the market, the brokerage said, potentially offering deal opportunities for shoppers willing to spend money on repairs.Price gains in a Case-Shiller measure of 20 cities also pulled back slightly, rising 7.2% in April. That's below the 7.5% increase in March. San Diego had the biggest gain in prices from a year earlier at 10.3%, while Portland, Oregon, had the smallest annual growth with a 1.7% gain. Los Angeles-Orange County was up 8.6%, fourth-largest.Other metropolitan areas:<li>New York: 9.4%</li><li>Chicago: 8.7%</li><li>Cleveland: 8.5%</li><li>Las Vegas: 8.3%</li><li>Miami: 8.2%</li><li>Boston: 7.9%</li><li>Seattle: 7.5%</li><li>Charlotte: 7.3%</li><li>Detroit: 7.2%</li><li>Washington, D.C.: 6.4%</li><li>Atlanta: 5.9%</li><li>Phoenix: 4.8%</li><li>San Francisco: 4.7%</li><li>Tampa: 3.6%</li><li>Dallas: 3.4%</li><li>Minneapolis: 2.9%</li><li>Denver: 2.0%</li>"Nineteen of the 20 Case Shiller metro areas saw annual growth rate slow, except Las Vegas – where home price growth continued to heat up manifesting continued in-migrating demand from buyers from more-expensive Western markets," said CoreLogic chief economist Selma Hepp. "Higher priced segments in markets with strong wages and elevated levels of accumulated home equity, such as Boston, San Francisco and Seattle outperformed the other markets, as homebuyers in those markets had more leverage when making home purchases, but also continued lack of supply meant demand still outpaces supply putting pressure on prices."

April's 6.3% rise from a year earlier vs. 6.5% gain in March, according to Case-Shiller.

Home-price gains in the US slowed in April as would-be buyers faced higher mortgage rates. A national measure of prices rose 6.3% from a year earlier, less than the 6.5% gain in March. San Diego had the biggest gain in prices at 10.3%, while Portland had the smallest annual growth.

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