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US Economy

3 numbers to know this week

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$257,500

The average Wall Street bonus in 2021, according to New York State’s Comptroller. That's a 20% increase after a rip-roaring year for the stock market. The average bonus outside the financial industry was a $20 Starbucks gift card.

17%

The increase in monthly rent nationwide since 2021. Median rent is now $1,792, which is $283 more than it was two years ago. Good luck moving right now, but especially if you’re trying to move to the Sunshine State—four of the ten fastest growing rental markets in the US are in Florida.

-4.1%

Pending home sales have declined for four months in a row, according to a recent report issued by the National Association of Realtors. With low inventory and 30-year mortgage rates cracking 5%, in addition to good credit and a well-paying job, you might also need a cursed monkey paw to afford a home in 2022.

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Morning Brew delivers quick and insightful updates about the business world every day of the week from Wall St. to Silicon Valley.

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