College-Area Rents Are Falling Behind as Schools Move Online

  • Rents in college areas (neighborhoods with 20% or more college students) were down 0.5% year-over-year in August, but were up 2.6% year-over-year in non-college areas.
  • The gap between rents in college areas and non-college areas is as wide as it has been since at least 2017.
  • Two million more young Americans were living with parents or grandparents in August compared to last year. 

Rent prices in college neighborhoods have fallen this summer as colleges and universities across the country have opted for remote learning during the coronavirus pandemic. The drop in college areas stands out even in a rental market that has softened since February, with rent price growth slowing and landlords offering more concessions.

Average rent prices were growing 4.7% year over year in February in college areas, according to a Zillow analysis of 100 U.S. ZIP codes in which college students make up at least 20% of

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How you can get a flu shot in Southern California

A man gets a flu shot in pre-COVID times. <span class="copyright">(Justin Sullivan / Getty Images)</span>
A man gets a flu shot in pre-COVID times. (Justin Sullivan / Getty Images)

It’s roughly Month 7 of the pandemic and Week 4 of wildfire season. Unfortunately, we have one more concern to add to your plate: It’s time to get a flu shot.

Thousands of people die every year from the flu. The CDC estimates that in the 2019-20 flu season, there were as many as 740,000 flu-related hospitalizations and 24,000 to 62,000 flu-related deaths in the United States.

If people maintain their social distancing protocols through fall, we may experience a less deadly flu season than normal. You’re a lot less likely to catch the flu sitting in your house. But as coronavirus rates start to come down in some parts of the country, there’s a fear that eased restrictions or even just a perception of reduced risk will lead to a “twindemic” — a rough flu

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Biden goes viral after playing ‘Despacito’ at Florida campaign stop, as he tries to win Latino voters

Democratic presidential nominee Joe Biden, who is struggling to win over Latino voters, made his first campaign appearance in Florida on Tuesday, at the opening of Hispanic Heritage Month. 

But Biden’s address at the event is likely to be remembered more for its opening music number than the content of the speech after the former vice president pulled out his phone and played “Despacito,” a Spanish-language pop song, when he first took the stage. 

After being introduced by Luis Fonsi, the singer of the international hit, Biden said,  “I just have one thing to say,” before hitting play. 

“There you go, dance a little bit, Joe. Come on,” encouraged Fonsi.

Biden bobbed to the opening of the 2017 reggaeton sensation before switching it off and placing his phone back in his pocket. 

“I’ll tell you what, if I had the talent of any one of these people, I’d be elected

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Hurricane preparedness buying guide

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It is currently peak hurricane season in the Atlantic, according to the National Hurricane Center: Hurricane season generally begins in June for the Atlantic and mid-May for the Eastern Pacific region, lasting until the end of November. The varying severity of hurricanes and tropical storms can bring forth damage, of course, from a few knocked-down trees to heftier property damage and loss of electricity, as we saw this year with Tropical Storm Isaias and as some are experiencing currently with Hurricane Sally. Depending on where you live, you may already have hurricane-first measures in place such as storm shutters on your windows. But what

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How Should I Finance Assisted Living?

As the population of adults over age 65 in America continues to increase, many are facing a serious dilemma over how to finance the care they’ll need in their golden years.

Financing assisted living and other forms of long-term care after retirement is a bit like an absurdist word problem in sixth grade math class: If you retire at 65 and need to enter an assisted living facility 10 years later, how much money will you need to pay for the impossible-to-predict level of potentially very expensive health care you’ll need over what could be a similarly hard-to-estimate 10- to 30-year or longer timeline?

These are critical questions that all older adults need to consider because most facilities rely primarily on private payment, and Medicare does not cover the cost of assisted living facilities, says Roxanne Sorensen, an aging life care specialist and owner of Elder Care Solutions of WNY

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Trump appointee Michael Caputo takes leave of absence from HHS after online rant

Michael Caputo, a top Trump administration communications official who in a private online social media video accused government scientists of “sedition” and called on the president’s supporters to arm themselves ahead of the election, announced in a statement Tuesday that he’s taking temporary medical leave from the Department of Health and Human Services.

Also leaving HHS is Caputo’s senior advisor, Dr. Paul Alexander. HHS confirmed the departures in a separate statement, noting that Caputo’s leave would last 60 days.

Caputo tells ABC News he will continue collecting a paycheck and health insurance from his HHS post while on leave.

The staff departures follow media reports that Caputo and Alexander had pressured the Centers for Disease Control and Prevention to alter scientific reports.

On Sunday, in a private Facebook Live video, Caputo — a one-time 2016 Trump campaign aide who does not have any prior experience in public health — accused

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What retailers should expect going into a holiday season during a pandemic

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Despite the massive unemployment rate nationwide and the worst economic climate since the Great Depression, holiday retail sales overall are still expected to increase this winter, albeit between a modest 1% and 1.5%, according to Deloitte. Analysts are projecting sales of about $1.15 billion between November 2020 and January 2021.

But with limits on the number of customers allowed in stores to accommodate social distancing, many shoppers will be turning to e-commerce more than ever before. Deloitte forecasts that e-commerce sales will grow by 25% to 35%, year-over-year, during the 2020-2021 holiday season, a great leap from the 14.7% uptick in online holiday shopping from 2018 to 2019. E-commerce holiday sales are expected to generate between $182 million and $196 million this season.

Deloitte analysts are predicting two

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A Week In Prince George’s County, MD, On A $121,000 Salary

Pandemic micro-weddings are all the rage for couples who were planning to get married in 2020. If you recently had a micro-wedding or are having one in the near future, we want to know how much you spent on it and how it affected your budget for a future big wedding celebration. Tell us all about it here.

Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar.

This week a project manager who makes $121,000 per year and spends some of her money this week on blue crabs.

Occupation: Project Manager
Industry: US Government
Age: 43
Location: Prince George’s County, MD
Salary: $121,000 (my husband is a full-time parent — so just my income)
Net Worth: $98,800 (Savings + money market account +

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How to Get Property Insurance in High-Risk Areas

This story is being written as wildfires ravage parts of the West — my state, California, in particular — and hurricanes leave Southeastern cities resembling war zones.  My column has received dozens of emails and phone calls from readers in these areas, all facing the same nightmare:

“We have homeowners insurance for our home and commercial property insurance for my business, but my agent has just told me that I will either be forced to pay an astronomically high rate to keep the insurance, or the company will just refuse to renew the policies, as I am in a high-risk area.

“No doubt we will face similar environmental threats in the future, so is there any way of obtaining insurance without going broke?”

Calls from Worried Policyholders in High-Risk Areas

Los Angeles-based insurance broker Karl Susman is receiving dozens of calls daily from his clients who live in high-risk areas

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House builder’s profit slumps, losses deepen at Galliford Try and Zara returns to profit

New-build homes at a Redrow housing development in Arborfield near Reading, England. Photo: Adrian Dennis/AFP via Getty Images
New-build homes at a Redrow housing development in Arborfield near Reading, England. Photo: Adrian Dennis/AFP via Getty Images

Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad:

House builder’s profit slumps

House builder Redrow (RDW.L) saw its profits slump by two thirds last year as COVID-19 disrupted construction and sales.

Pre-tax profit at the business fell 66% to £140m ($180.5m) in the 12 months to 28 June 2020, the company said. Revenue dropped 37% to £1.3bn.

Chief executive John Tutte said the pandemic had “a profound impact upon the Group’s performance in the 2020 financial year but we entered the new financial year in a position of strength.”

“We have a record order book and brought forward very high levels of work in progress,” he said. “This was due in part, to increased investment earlier in the year in

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