San Francisco Apartments Chip Away at NYC Price Gap

June 23, 2015

Manhattan apartments are the costliest to rent and to buy, yet San Francisco is chipping away at the gap between the two due to strong job growth, expensive single-family homes and an overall housing shortage. New York’s average rent is 42 percent higher than San Francisco’s, down from 50 percent

Brief Bites- 6/19

June 19, 2015

Editor Taylor Riggs highlights the week’s top Bloomberg Brief stories.

Violence’s Impact on GDP More Than 6x Greece’s Bailout

June 18, 2015

The impact of violence on the global economy reached $14.3 trillion in the past year, according to a report from the Institute for Economics and Peace. The amount is comprised of US$7.16 trillion in current yearly costs — including among others global military expenditure, terrorism, GDP losses from conflict, and

Keene’s Corner: Wells Fargo Chief Economist John Silvia

June 16, 2015

  Wells Fargo Chief Economist John Silvia speaks with Bloomberg’s Tom Keene and Michael McKee about slow U.S productivity growth and the lack of economic mobility in the labor force.  Click here to see the full interview taken from the Bloomberg Brief Economics Newsletter. To take a complimentary 30 day trial

The Sharing Economy

June 15, 2015

By Eric Newcomer, Bloomberg News “The sharing economy” is a sobriquet to warm hearts. Think of it as a claim that while grubbier businesspeople sell, buy and rent, the ones in the sharing economy collaborate, facilitate, build trust. Or so they say. Sharing-economy flag-bearers like Uber, Airbnb and Homejoy give

Brief Bites- 6/12

June 12, 2015

Editor Taylor Riggs highlights the week’s top Bloomberg Brief stories.  

Generation X Frets Its Financial Stability

June 11, 2015

Generation X — comprising Americans born between 1965 and 1980 — is in worse shape financially than the baby boomers who preceded them or the millennials who followed. Gen Xers are still paying off student loans while raising families on wages that have barely budged in recent years. Almost 40

Don’t Go West, Young Man: Millennials Are Priced Out of Californian Hot Spots

June 9, 2015

In the Californian hubs of San Francisco, San Jose and Los Angeles, the typical young adult doesn’t even make half of what’s needed to afford a home, according to a Bloomberg ranking using data from the U.S. Census Bureau, Zillow Group Inc. and Bankrate.com. The gap shows how much more money millennials would

Trading Up: U.S. Consumers Are Paying More to Buy Bigger Vehicles

June 8, 2015

Sales of bigger vehicles are beating purchases of smaller cars by the most in a decade as leasing and cheap gas make it more appealing to trade up. This will probably continue, auguring well for retail sales, though automakers could be setting themselves up for a fall. Light trucks —

Secondary Cities Still Subject to Broader Housing Trends

June 4, 2015

Although investors often seek out secondary cities to diversify real estate portfolios, this strategy requires both granular analysis and critical thinking, since few major markets fully decouple from both regional and national trends. It’s been said re-localization is a major theme of the housing-market recovery. In the boom years, risks