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Violent crime cools in major U.S. cities as homicides plunge in early 2026
politics-and-policy2 hours ago

Violent crime cools in major U.S. cities as homicides plunge in early 2026

Violent crime fell across 66 large U.S. cities in the first half of 2026, with homicides down 17.2% and overall violent crime down about 8.3% (roughly 14,200 fewer crimes), according to the Major Cities Chiefs Association. The declines span both administrations and most metros, though large percentage drops in small baselines (e.g., Newark, Raleigh) skew the numbers while a few places with small totals (Honolulu, San Diego) rose. Notable declines include Washington, D.C. (homicides −43.9%), Memphis (−43.7%), Houston (−38.3%), and Philadelphia (−27.2%). The Council on Criminal Justice reports a similar trend with an 18% homicide drop across 30 cities in the first half of 2026.

via Axios|
#crime-statistics#homicides#major-cities
The limited number of US cities where buying a home is cheaper than renting.
real-estate3 years ago

The limited number of US cities where buying a home is cheaper than renting.

According to a new study by Redfin, there are only four major metro areas in the US where it's cheaper to buy a home than to rent: Detroit, Philadelphia, Cleveland, and Houston. The pandemic caused a run-up in housing prices in most major cities, making renting a more financially viable option. The gap in cost between owning a home versus renting an apartment is now at its widest in more than 15 years. The surge in mortgage rates is another hit to homebuyers' wallets, with rates topping 7% this week. Redfin predicts that mortgage rates will decline to about 6% by year-end, but it is "unlikely" that rates could return to 3% in the near future.

via CBS News|
#homebuying#housing-market#major-cities
The Rise and Fall of Home Prices in Booming Cities.
real-estate3 years ago

The Rise and Fall of Home Prices in Booming Cities.

Home prices in most major U.S. cities that saw values triple since 2000 have been staying flat or going down, except for Miami and Tampa, which saw increases of 16% and 12%, respectively, in just one year. San Francisco, for example, had a typical home value of $356,800 in 2000, which shot up to $1.4 million in 2022, but from 2022 to 2023, prices dropped by just 1.6%. Mid-sized cities like Jacksonville and Orlando, Florida; Oklahoma City; Hartford, Connecticut; Richmond, Virginia; Columbus, Ohio; and Nashville, Tennessee all had increases topping 10% in just one year. The national average has gone up by 8.7% between 2022 and 2023.

via The Hill|
#florida#home-prices#housing-market