The upward momentum in rental prices cooled a bit in December coming in flat for the month, which is a normal seasonal trend. Yardi Matrix reports that the average U.S. rent fell $1 in December to $1,474 and up 3% from December 2018 to December 2019. Rent growth continues to be strong in all regions, led by secondary markets in the West and Southeast.
The S&P 500 opened at a fresh record high this morning before giving up gains as investors look to the solid earnings data that has been released thus far this season. Of the 16% of the S&P 500 companies that have reported, 70% have beaten expectations. Dow components American Express and Intel beat earnings expectations in their latest quarterly numbers - with the latter revising their sales forecast for Q1 2020 higher. Things are real good on both Wall Street and Main Street.
Comments(0)