None of the nation’s 50 major metro areas are affordable for minimum wage earners seeking to rent a one-bedroom apartment. A new report by Best Interest Financial and Clever Real Estate measured affordability with the metric that a household should spend no more than...
New Mexico’s capital of Santa Fe has become the first US city that will directly connect wages to housing affordability, with the goal of linking minimum wage increases to both fair rental market prices and consumer prices. The Associated Press reports Santa...
Question: Can a U.S. worker earning the minimum wage be able to afford to buy a home? The answer is: Yes, but it will take a lot of time to save for a down payment. A new study by Salt Lake City-based BadCredit.org compared Zillow home prices over the past year to...
The fast-casual Mexican-themed restaurant chain Rubio’s Coast Grill has closed 48 of its eateries in California, citing the cost of doing business in the state. According to Nation’s Restaurant News, the company issued a statement complaining that the “closings were...
The MOD Pizza chain is denying reports that it shut down five of its California eateries because the state raised the minimum wage to $20 an hour. According to a report by the pizza industry news site PMQ.com, MOD Pizza closed 26 locations over the past few weeks – in...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
