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Property manager Brandon Scholten is seeing big price drops in some of his listings since COVID-19 hit.“We’re at ,040 but we started at above ,300,” Scholten said about a two-bed, two-bath townhouse in downtown Denver.Scholten, the owner of Keyrenter Property Management Denver, says some of his downtown rental properties are staying on the market 20% longer and that prices have dropped nearly 20% compared to the same time last year. And he believes the plummet is linked to the pandemic.“Especially with so many remote work options now,” Scholten said. “I think all of it is just going to push that pressure outward and you’ll see prices fall in the urban corridor.”What’s Scholten is seeing in downtown Denver is happening to other major metropolitan areas across the country.“The pandemic has shifted the demand for rentals away from these really expensive areas,” said Crystal Chen, a marketing manager with Zumper an apartment rental tracker.Zumper’s recent national rent report found one-bedroom rent prices in San Francisco fell nearly 12% year-over-year, the largest drop that city’s ever seen.Other major cities that saw decline in rent prices are New York, Boston and San Jose. Cities that reported some of the largest rent increases include Lexington, Akron and Anchorage.“It makes sense,” Chen said of the prices changes for rent. “Why would people want to pay a big city price tag if they can’t use the amenities and they’re stuck at home?”With more companies embracing working from home and more people looking to social distance, Chen says more renters are now leaving expensive big cities for cheaper surrounding areas.“Which we like to call the 'Brooklyn effect' since the important factors now are space and affordability,” she said.Space and affordability: two things New York City is not known for.“I’ll be honest, a lot of people are leaving,” said Lauren Feldesman, a real estate agent with Compass. “The number of lease break calls I get a week is astronomical.”Feldesman says she is seeing a huge surplus of downtown apartment rental inventory since coronavirus concerns swept the country.“It’s a tough situation,” she said. "People lost their jobs, they’re furloughed or they have their own businesses and their business is really shut down or has taken a huge hit.”While vacancy rates are going up in major metropolitan cities across the country, some downtown renters are seeing some financial relief.“People are now negotiating down 10, 15, even up to 20% of their rent because there is so many more vacancies now as than there was before,” Chen said.Without a vaccine, however, Chen predicts rental prices in downtown areas will continue this downward trend as the rental demand shifts from cities to the suburbs. 2757
Red tide has been a serious issue in the Tampa Bay area this summer. There are a lot of questions swirling about and things that people want to have clarified. We reached out to the Florida Fish and Wildlife Conservation Commission to take on some of these frequently asked questions.What? 302
President Trump's steel tariff could cost Ford and General Motors billion a year.That's the hit each company could take if the tariff translates into a similar increase in steel prices, according to a Goldman Sachs analysis. Trump has proposed a 25% tariff on imported steel, along with a 10% tariff on aluminum. billion represents 12% of Ford's profit last year and 7% of GM's, the analysis said.The report looked at Ford and GM's 2017 production mix to make its calculation.Ford said in a statement that the tariffs "could result in an increase in domestic commodity prices — harming the competitiveness of American manufacturers." GM said it supports trade policies "that enable U.S. manufacturers to win and grow jobs in the U.S."Both automakers say they use mostly American-made steel for vehicles they make in the United States.Trump argues that the tariffs will bolster US production of steel and aluminum and combat unfair trade practices. But businesses outside the steel and aluminum industries have warned that the tariffs will lead to higher prices and hurt the economy.The American International Automobile Dealers Association, which was formed to advocate free trade, said car prices could go up "substantially." The group also warned that retaliatory tariffs from other countries could drive up the price of US goods in general. 1366
RAMONA, Calif. (KGTV) -- Cal Fire San Diego responded quickly to a house fire in Ramona that spread to nearby brush. According to firefighters, the fire started inside a structure on the 16000 block of Salida Del Sol. The fire quickly spread to nearby vegetation fueled by low humidity and high winds. Firefighters responded with ground crews and dropped water on the blaze using helicopters. Crews were able to quickly extinguish the flames, but say the home was a total loss. A Red Flag Warning went into effect for parts of San Diego County early Sunday morning and was extended until Wednesday night at 5 p.m. RELATED: Check today's forecast | San Diego Gas and Electric shuts down power due to fire danger 753
Public school districts across the country have been dealing with a teacher shortage. When the COVID-19 pandemic hit, administrators had to think outside the box when it came to hiring. "This year, in March, when we all went to distance learning, we pretty much canceled all the recruiting face-to-face events. We already planned and pivoted to going full-steam on virtual events," said Jessica Solano, the Teacher Engagement Leader for Polk County Public Schools in Florida. Solano says her district had been boosting their virtual platform before the pandemic so when it hit, they were ready to switch all of their teacher recruitment to online. What they found surprised them."What is so ironic is we actually had our best year yet by doing such an active push on virtual recruiting. Even our district career fair that we traditionally host every year face to face. The year before we had over 350 people attend, which was fantastic and it definitely hit high numbers, but this year we had 700 people attend," said Solano. Because the teacher career fair became virtual, the district was able to reach a larger pool of candidates. Candidates that normally require lots of travel and marketing to get.At Denver Public Schools, Executive Director of Talent Katie Clymer says recruiting during a pandemic and a teacher shortage was challenging at first. "We have a very targeted teacher shortage. If I can speak bluntly, we’ve got lots of elementary teachers. We do not have Spanish-speaking teachers, so our ELS positions. We do not have math teachers. We do not have enough science teachers and we do not have enough teachers of color who represent our students and family," said Clymer.Going virtual with recruiting also allowed districts to save money on travel costs, as they often have to hop on a place to find the exact teachers they need. "We saw a higher level of candidate engagement because this was the option to engage in a hiring fair. Whereas previously if you have the option to attend in person or virtual, you're more likely to attend in person whereas when virtual is the virtual is the only option, we saw a higher level of candidate engagement and subsequent follow up," said Clymer.Many public school districts also rely on a number of retired teachers to help them throughout the school year. "We often see our retired educators coming back as hourly teachers or substitute teachers. They play a really critical role in continuing to support our students and they're highly sought after by our schools as guest teachers or substitute teachers," said Clymer.This year, though, Denver Public Schools is expecting less retirees will return to the classroom as a majority are considered high risk for contracting COVID-19. Still, the district and Polk County Public Schools report a majority of their teaching positions have been filled for the new school year, largely in part to a boost in virtual recruiting. 2939