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Jan 27, 2022

Thursday, May 19, 2022 - 12:13:01

Miami Leads Nation As Rents Continue To Rise

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MIAMI (CBSMiami/CNN) – Finding affordable housing for renters in South Florida has become a challenge as prices continue to rise.

Nationwide, the cost of rent, on average, was 10.1% higher in 2021 than in 2020, growing five times faster last year than it did in the first year of the pandemic, according to Realtor.

com’s Monthly Rental Report.

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The national median rent for a one-bedroom in December was $1,651, up 19.3% over the year before.

But many large cities saw rents surge even higher, led by Miami with median rent of $2,850 in December, up a whopping 49.8% from last year. Miami was followed by Tampa and Orlando, which both had annual rent growth of 34% or more.

“With rents already at a high and expected to keep going up, rental affordability will increasingly challenge many Americans in 2022,” said Danielle Hale, Realtor.com’s chief economist.

Rents tumbled during the beginning of the pandemic in 2020, but they flattened out in early 2021 and gained momentum throughout the year. Rents hit a double-digit yearly pace by summer and continued to rise through the second half of 2021, according to the report.

The resurgence in rental price increases was partly driven by big city renters moving to smaller rental markets where their money went farther, the report said.

This surge in popularity in second-tier rental markets helped to offset slower growth earlier in the year, according to the report.

The city with the fastest rent growth in 2021 was Riverside, California, outside of Los Angeles, which saw rents increase by 28.5% from the year before.

Other top gainers for the year were Tampa, up 25.6%, Memphis, up 23%, Miami, up 22.1%, and Sacramento, up 19.5%.

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Meanwhile, big tech cities were among the slowest-growing rental markets in 2021. San Francisco, where rents were down 2.5% from 2020, and San Jose, with rents down 0.3%, topped that list.

Other major cities that recovered in 2021, but still experienced some of the slowest rent price growth were Chicago, Boston, New York, Minneapolis, Washington DC, Milwaukee, Wisconsin, Philadelphia and Seattle.

Affordability challenges remain
Month-over-month, the rent increases did cool slightly in December. But that is not expected to last.

“Regardless of where you live, renting is generally more expensive now than in prior years,” said Hale.

But workplace flexibility and income growth could give some renters more negotiating power.

“Those able to work big city jobs while living in secondary metros are still likely to find more affordable rental options than in the biggest tech cities,” said Hale.

Tampa, for example, is one of the fastest growing rental markets of last year. But with a median rental price of $2,038 in December, it is still more affordable than a city like New York, where the median rent was $2,670.

And some renters may want to hop off the rising rent train altogether.

“For those thinking about making the transition from renting to buying their first home, rising rents will remain a motivating factor even as for-sale home prices and mortgage rates continue to climb,” said Hale.

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(©2022 CBS Broadcasting Inc. All Rights Reserved. Cable News Network, Inc., a Time Warner Company, contributed to this report.)

News Source: cbslocal.com

Tags: miami news local tv miami news miami rent rising rents miami news facing south florida realtor com’s according to the report continue to rise more affordable the year before the pandemic some renters rental price median rent rent growth in december the slowest rising rent expected tech cities the fastest

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Showdown With 2021 1st Rounders Leads 49ers September Slate

Getty Justin Fields runs from Marcell Harris of the 49ers in the 2021 meeting won by San Francisco 33-22.

There was a period when Justin Fields was considered the higher-rated NFL Draft prospect compared to Trey Lance.

But then on 2021 draft night, it was Lance landing inside the top three — while Fields fell out of the top 10.

Now, on NFL schedule release day unveiled on the evening of Thursday, May 12, the league has pit Lance’s San Francisco 49ers and Fields’ Chicago Bears against one another to kick off the 2022 season.

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While the official schedule was released after 5 p.m. PT, Chicago based radio show host Danny Parkins of 670 The Score helped leak out the season opener for both teams.

I’ve gotta go hit golf balls so I’ll give ya the #Bears home opener now and then have some more for ya shortly after 11am CT

Source:

Bears open the season at home against the 49ers week 1. https://t.co/VSGPbKgoXt

— Danny Parkins (@DannyParkins) May 12, 2022

The 49ers Twitter account then verified the season opening matchup at 3 p.m. PT — two hours before the official release of the schedule.

Da Bears in Week 1.https://t.co/ZC9ynu0i2V#FTTB | #SFvsCHI pic.twitter.com/T7UJcLM51r

— San Francisco 49ers (@49ers) May 12, 2022

A Look Back at Lance & Fields’ Draft Evaluations

You don’t normally think about a North Dakota State star getting drafted ahead of a standout from Ohio State. The latter university is known for producing an influx of NFL talent — especially between selections one to 32.

Both entered the same draft class with Trevor Lawrence as the odds on favorite to land at No. 1 overall to the Jacksonville Jaguars. Fields, for most of the draft process, was considered a sure fire No. 2 overall pick.

However, a fast-riser named Zack Wilson shot up to the second overall selection. Why did Fields find himself out of the top two?

Draft experts began to cite what they called “character issues” with Fields. ESPN NFL analyst and former quarterback Dan Orlovsky was one who revealed that Fields had a questionable work ethic, including being a “last guy in, first guy out” type of player.

Meanwhile, Lance Zierlein of nfl.com compared Fields to Dak Prescott in his draft evaluation. Zierlein pointed out Fields’ first strength: His toughness, which also correlated to what the draft expert described as Fields having a “willingness to do what it takes” being “always on display.” However, Zierlein mentioned how Fields didn’t possess strong field vision in facing blitzes and needed to improve his pocket mobility.

As for Lance, he was considered a prospect with a raw upside but was limited in experience. He also faced the scrutiny and criticism of playing in the Football Championship Subdivision — far different competition than what Fields faced in the Big 10.

But Zierlein posted these first nuggets on Lance in his evaluation: Film junkie with high football IQ and an NFL frame. The lack of experience (only 318 pass attempts pointed out by Zierlein) and Lance’s age (entered the league at 20) were the first two flaws the expert pointed out.

Still, with Fields’ flaws being mentioned, Lance skyrocketed to the third overall pick when then 49ers aggressively moved up to nab him.

Meeting Will be the First With Both Quarterbacks on the Field

Fields and Lance have one thing in common: They already have NFL starts on their resume.

However, Lance’s record is an even 1-1. Fields went 2-8 overall as a starter.

And one of those starts was against a 49ers team led by Jimmy Garoppolo in a game that saw Fields break off 103 rushing yards on 10 carries.

Justin Fields put on a show last year when the Bears played the 49ers at Soldier Field.. can’t wait for ROUND 2!! LFG!! OPENING DAY!! pic.twitter.com/EDOmNB5BwF

— MonstaOfDaTriState (@scar179nyc) May 12, 2022

Fields, however, got sacked four times in that 33-22 loss…with half of them coming from his fellow Ohio State Buckeye Nick Bosa.

Nick Bosa bringing down Justin Fields here. Looks like the bears subbed in an extra tackle to go one on one with Bosa and it doesn't work out all. The holding penalty was declined. pic.twitter.com/m5CdfgWBkw

— 49ers_Film (@49ers_Film) November 4, 2021

Now, the Lance era is set to start on September 11 with his fellow draft mate Fields on the other sideline.

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