Traveling on a plane can be a stressful endeavor, whether you’re bringing a checked bag, a whole family or extra equipment to get around. But for those who make use of a wheelchair, air travel is becoming more accessible than ever before.
Because of updated U.S. Department of Transportation policies, as well as innovations from certain airlines, flying with a wheelchair is becoming easier.
Let’s take a look at how the process works, what bringing a wheelchair on a plane entails and what changes are helping to make air travel for wheelchair users a better experience.
How to fly with a wheelchair
Air travel is meant to be accessible to everyone. Whether a traveler uses a wheelchair full time or requires one only to navigate through the airport, accessibility services are available to them.
Requesting a wheelchair at the airport
Airlines are required to provide prompt aid to passengers needing additional assistance. This includes those who need a wheelchair to get around, and you are allowed to request one for use in the airport. If this is the case for you, you’ll want to advise the airline as early as possible.
Once you arrive at the airport, you’ll need to let the airline know that you require a wheelchair.
Bringing your own wheelchair
There are a couple of extra conditions to be aware of if you’re traveling with your own wheelchair. You can fly with a power wheelchair, but the DOT’s guidance page notes that you’ll need to arrive an hour before standard check-in time.
You can stay in your own wheelchair until you get to the gate. At this point, if your chair will not fit in the cabin, it will be taken and checked.
If necessary, the airline will then provide an aisle chair to help you get to your seat. Once landed, your wheelchair will be waiting for you at the gate.
Can you check a wheelchair on an airplane?
Yes, you can check a wheelchair on a plane. This is the case for both manual wheelchairs and powered wheelchairs. Checking your medical equipment is free of charge.
However, note that some aircraft may have limitations when it comes to accepting powered wheelchairs due to their size. For example, United Airlines has recognized this and created new policies to address it (more on that below).
How to pack a wheelchair for flight
There are no special requirements necessary if you’re bringing your wheelchair on your flight. Eligible manual wheelchairs can be stowed in the cabin of the aircraft, whether that’s in the storage bin above you, under the seat in front of you or in the designated wheelchair storage area onboard the plane.
If your wheelchair doesn’t fit or uses a battery, it’ll be taken and checked into the cargo area for free.
In this case, we recommend labeling your wheelchair with your name and contact information and attaching any relevant handling or disassembly instructions.
Accessible policies for those traveling with a wheelchair, broken down by airline
Traveling with a wheelchair can be more complicated than you’d expect, which is why the government and certain airlines are adopting new strategies to help ensure dignity and respect for everyone.
U.S. DOT accessibility policies
The DOT has published its Bill of Rights for passengers with disbilities, which includes the right to be treated with dignity and respect, the right to accessible facilities and the right to travel with an assistive device, among other rights.
🤓Nerdy Tip
Generally speaking, it’s free to check your wheelchair or mobility device in addition to your checked bags. This includes wheelchairs (manual or electric) as well as scooters, walkers, canes and crutches.
Note that devices must meet airline battery and safety requirements.
The DOT has also enacted a rule that will require single-aisle aircraft to provide an accessible lavatory.
American Airlines wheelchair assistance
American Airlines asks passengers to submit assistance requests in advance because after you’ve done so, a coordinator will contact you directly to ensure everything is ready for your trip.
The airline will also work with you to book the right seat if you need extra space or have specific mobility needs.
How to get a wheelchair at the airport for American Airlines
To request wheelchair assistance, select the “Add special assistance” option during booking or in “Manage Trips” from the airline’s home page after logging in to your account. You can also request assistance by calling 800-237-7976.
Delta wheelchair assistance
Delta Air Lines has debuted a prototype airline seat that allows powered wheelchair users to remain in their own seat during the flight. This is still some way off from being implemented in aircraft, but it’s nice to see that the airline is making strides to become more accessible.
How to get a wheelchair at the airport on Delta
You can request wheelchair service in your Delta SkyMiles account after booking your flight, under “My Trips.” You can also call the airline at 404-209-3434.
Southwest Airlines wheelchair assistance
You do not need to notify Southwest before arriving at the airport to receive disability-related assistance. The airline offers an online Accessible Travel Assistance hub to streamline planning, and while it prefers your wheelchair is stowed on board as a carry-on, it is possible to gate check your device for cargo.
How to request wheelchair at airport for Southwest
Simply ask any Southwest employee and they will guide you through the necessary steps. There are steps to do this in advance if you prefer, including calling 800-I-FLY-SWA (800-435-9792).
United Airlines wheelchair assistance
For its part, United Airlines has announced a change to its search system that’ll greatly simplify the process for those who use powered wheelchairs.
While the new system isn’t live yet, the updated search feature will include the ability to input the dimensions of your wheelchair. Doing so allows you to weed out aircraft with cargo doors that won’t accommodate the size of your wheelchair.
Even better, if your preferred flight cannot accommodate your wheelchair, you can book a different flight on the same day — and if it’s more expensive, United will refund you the difference.
How do I request a wheelchair on United Airlines?
You can request a wheelchair for your flight or airport experience in the traveler information section at booking or in your MileagePlus account under “My Trips” after you’ve purchased your ticket.
If you’re bringing a wheelchair on a plane
Airports and airlines are becoming better suited to passengers with disabilities who are traveling, including those who use a wheelchair. Whether you need one to navigate the airport or are bringing one from home, new regulations and policies have been established to ensure that your travel experience is as seamless as possible.
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2024, including those best for:
While the steady reading suggests underlying demand, potential buyers are taking a wait-and-see approach, according to NAHB chief economist Robert Dietz. “April’s flat reading suggests potential for demand growth is there, but buyers are hesitating until they can better gauge where interest rates are headed,” Dietz said in the report. “With the markets now adjusting … [Read more…]
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations.
As we head into peak home-buying season, signs of life have begun to spring up in the housing market.
Even so, still-high mortgage rates and home prices amid historically low housing stock continue to put homeownership out of reach for many.
Moreover, the National Association of Realtors agreed to a monumental $418 million settlement on March 15 following a verdict favoring home sellers in a class action lawsuit. Still subject to court approval, the settlement requires changes to broker commissions that will upend the buying and selling model that has been in place for years.
Housing Market Forecast for 2024
Elevated mortgage rates, out-of-reach home prices and record-low housing stock are the perennial weeds that experts say hopeful home buyers can expect to contend with this spring—and beyond.
“The housing market is likely to continue to face the dual affordability constraints of high home prices and elevated interest rates in 2024,” said Doug Duncan, senior vice president and chief economist at Fannie Mae, in an emailed statement. “Hotter-than-expected inflation data and strong payroll numbers are likely to apply more upward pressure to mortgage rates this year than we’d previously forecast.”
Despite ongoing affordability hurdles, Fannie Mae forecasts an increase in home sales transactions compared to last year. Experts also anticipate a slower rise in home prices this year compared to recent years, but price fluctuations will continue to vary regionally and depend strongly on local market supply.
U.S. home prices declined in January for the third consecutive month due to high borrowing costs, according to the latest S&P CoreLogic Case-Shiller Home Price Index. But prices year-over-year jumped 6%—the fastest annual rate since 2022.
Chief economist at First American Financial Corporation Mark Fleming predicts a “flat stretch” ahead.
“If the 2020-2021 housing market was too hot, then the 2023 market was probably too cold, but 2024 won’t yet be just right,” Fleming said in his 2024 forecast.
Will the Housing Market Finally Recover in 2024?
For a housing recovery to occur, several conditions must unfold.
“For the best possible outcome, we’d first need to see inventories of homes for sale turn considerably higher,” says Keith Gumbinger, vice president at online mortgage company HSH.com. “This additional inventory, in turn, would ease the upward pressure on home prices, leveling them off or perhaps helping them to settle back somewhat from peak or near-peak levels.”
And, of course, mortgage rates would need to cool off—which experts say is imminent despite rates edging back up toward 7%. For the week ending April 11, the 30-year fixed mortgage rate stood at 6.88%, according to Freddie Mac.
However, when mortgage rates finally go on the descent, Gumbinger says don’t hope they cool too quickly. Rapidly falling rates could create a surge of demand that wipes away any inventory gains, causing home prices to rebound.
“Better that rate reductions happen at a metered pace, incrementally improving buyer opportunities over a stretch of time, rather than all at once,” Gumbinger says.
He adds that mortgage rates returning to a more “normal” upper 4% to lower 5% range would also help the housing market, over time, return to 2014-2019 levels. Yet, Gumbinger predicts it could be a while before we return to those rates.
Nonetheless, Kuba Jewgieniew, CEO of Realty ONE Group, a real estate brokerage company, is optimistic about a recovery this year.
“[W]e’re definitely looking forward to a better housing market in 2024 as interest rates start to settle around 6% or even lower,” says Jewgieniew.
NAR Settlement Rocks the Residential Real Estate Industry
Following years of litigation, the National Association of Realtors (NAR) has agreed to pay $418 million to settle a series of antitrust lawsuits filed in 2019 on behalf of home sellers.
The plaintiffs claimed that the leading national trade association for real estate brokers and agents “conspired to require home sellers to pay the broker representing the buyer of their homes in violation of federal antitrust law.”
Though the landmark settlement is subject to court approval, most consider it a done deal.
The settlement requires NAR to enact new rules, including prohibiting offers of broker compensation on multiple listing services (MLS), the private databases that allow local real estate brokers to publish and share information about residential property listings. The rule is set to take effect in mid-July, once the settlement receives judge approval.
Moreover, sellers will no longer be required to pay buyer broker commissions and real estate agents participating in the MLS must establish written representation agreements with their buyer clients.
NAR denies any wrongdoing and maintains that its current policies benefit buyers and sellers. The organization believes it’s not liable for seller claims related to broker commissions, stating that it has never set commissions and that commissions have always been negotiable.
How Will the New Rules Impact the Buying and Selling Process?
Per the settlement’s terms, the costs associated with buying and selling a home are set to change dramatically.
“The primary things that will change are the decoupling of the seller commission and the buyer commission in the MLS,” says Rita Gibbs, a Realtor at Realty One Group Integrity in Tucson. “It’s gonna cause some chaos.”
While sellers will no longer be able to offer broker compensation in the MLS, there’s no rule prohibiting off-MLS negotiations. Because of this, Gibbs suspects buyers and sellers will continue offering broker compensation off the MLS.
The Department of Justice confirmed it will permit listing brokers to display compensation details on their websites. However, buyer agents will need to undergo the tedious task of visiting countless broker websites to find who’s offering what.
Michael Gorkowski, a Virginia-based real estate agent with Compass, is also trying to figure out how to manage the potential ruling.
“We often work with buyers for many months and sometimes years before they find exactly what they’re looking for,” Gorkowski says. “So in a case where a seller isn’t offering a co-broker commission, we will have to negotiate that the buyer pays an agreed-upon commission prior to starting their search.”
The Changes Will Impact These Home Buyers Most
“In the short term, it is absolutely going to injure buyers, especially FHA and VA buyers,” Gibbs says. “With rare exception, these buyers are not in a position to pay for their own agent.”
Gibbs says that if sellers don’t offer compensation, many buyers who can’t otherwise afford to pay a broker will choose to go unrepresented.
Gorkowski notes that veterans taking out VA loans face a unique challenge under the new rules. “[P]er the VA requirements, buyers cannot pay so it must be negotiated with the seller for now.”
As a result, NAR is calling on the U.S. Department of Veterans Affairs to revise its policies prohibiting VA buyers from paying broker commissions. Even so, there’s skepticism that the federal government will be able to implement changes in time for the July deadline.
Gibbs and Gorkowski are among the many agents especially concerned about first-time home buyers. After July, first-time and VA buyers will be required to sign a buyer-broker agreement stating that they will compensate their broker—but Gibbs says many won’t have the means to do so.
In this situation, agents would likely only show buyers homes where sellers are offering compensation.
“This is a very troubling situation,” Gorkowski says.
Housing Inventory Forecast for 2024
With many homeowners “locked in” at ultra-low interest rates or unwilling to sell due to high home prices, demand continues to outpace housing supply—and likely will for a while—even as some homeowners may finally be forced to sell due to major life events such as divorce, job changes or a growing family.
“I don’t expect to see a meaningful increase in the supply of existing homes for sale until mortgage rates are back down in the low 5% range, so probably not in 2024,” says Rick Sharga, founder and CEO of CJ Patrick Company, a market intelligence and business advisory firm.
Housing stock remains near historic lows—especially entry-level supply—which has propped up demand and sustained ultra-high home prices. Here’s what the latest home values look like around the country.
Yet, some hopeful housing stock signs have begun to sprout:
Existing inventory is showing signs of loosening as impatient buyers and sellers have begun to accept the reality of mortgage rates oscillating between 6% and 7%.
Home-builder outlook also continues to get sunnier, trending back up amid declining mortgage rates and better building conditions.
The most recent National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which tracks builder sentiment, saw a fourth consecutive monthly rise, surpassing a crucial threshold with an increase from 48 to 51 in March. A reading of 50 or above means more builders see good conditions ahead for new construction.
At the same time, new single-family building permits ticked up 1% in February—the 13th consecutive monthly increase—according to the latest data from the U.S. Census Bureau and U.S. Department of Housing and Urban Development (HUD).
Residential Real Estate Stats: Existing, New and Pending Home Sales
Though some housing market data indicates signs of growth are in store this spring home-buying season, persistently high mortgage rates may hinder activity from fully flourishing.
Here’s what the latest home sales data has to say.
Existing-Home Sales
Existing-home sales came to life in February, shooting up 9.5% from the month before, according to the latest data from the NAR. Sales dipped 3.3% from a year ago.
Experts attribute the monthly jump to a bump in inventory.
“Additional housing supply is helping to satisfy market demand,” said Lawrence Yun, chief economist at NAR, in the report.
Existing inventory rose 5.9%—logging 1.07 million unsold homes at the end of February. However, there are still only 2.9 months of inventory at the current sales pace. Most experts consider a balanced market falling between four and six months.
Meanwhile, existing home prices continue to soar to unprecedented heights, reaching $384,500, which marks the eighth consecutive month of yearly price increases and a February median home price record.
New Home Sales
Sales of newly constructed single-family houses ticked down by a nominal 0.3% compared to January, but outpaced February 2023 sales by 5.9%, according to the latest U.S. Census Bureau and HUD data.
Amid a high percentage of homeowners still locked in to low mortgage rates, home builders have been picking up the slack.
“New construction continues to be an outsized share of the housing inventory,” said Dr. Lisa Sturtevant, chief economist at Bright MLS, in an emailed statement.
Sturtevant notes that declining new home prices are coming amid a recent trend of builders introducing smaller and more affordable homes to the market.
The median price for a new home in February was $400,500, down 7.6% from a year ago.
Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development
Pending Home Sales
NAR’s Pending Homes Sales Index rose 1.6% in February from the month prior even as mortgage rates approached 7% by the end of the month. Pending transactions declined 7% year-over-year.
A pending home sale marks the point in the home sales transaction when the buyer and seller agree on price and terms. Pending home sales are considered a leading indicator of future closed sales.
The Midwest and South saw monthly transaction gains while the Northeast and West saw declines due to affordability challenges in those higher-cost regions.
“While modest sales growth might not stir excitement, it shows slow and steady progress from the lows of late last year,” said Yun, in the report.
Ongoing Affordability Challenges Could Throw Cold Water on Spring Home-Buying Hopes
Though down from its 2023 high of 7.79%, the average 30-year fixed mortgage rate in 2024 remains well over 6% amid rising home values. As a result, home buyers continue to face affordability challenges.
According to data from its first-quarter 2024 U.S. Home Affordability Report, property data provider Attom found that median-priced single-family homes remain less affordable than the historical average in over 95% of U.S. counties.
For one, the data uncovered that expenses are eating up more than 32% of the average national wage. Common lending guidelines require monthly mortgage payments, property taxes and homeowners insurance to comprise 28% or less of your gross income.
At the same time, home prices and homeownership expenses continue to outpace wage growth.
Consequently, the latest expense-to-wage ratio is hovering at one of the highest points over the past decade, according to the Attom report, despite some slight affordability improvements over the last two quarters.
“Affording a home remains a financial stretch, or a pipe dream, for so many households,” said Rob Barber, CEO at Attom.
Pro Tips for Buyers and Sellers
Here are some expert tips to increase your chances for an optimal outcome in this tight housing market.
Pro Tips for Buying in Today’s Real Estate Market
Hannah Jones, a senior economic research analyst at Realtor.com, offers this expert advice to aspiring buyers:
Know your budget. Instead of focusing on price, figure out how much you can afford as a monthly payment. Your monthly housing payment is influenced by the price of the home, your down payment, mortgage rate, loan term, home insurance and property taxes.
Be flexible about home size and location. Perhaps your budget is sufficient for a small home in your perfect neighborhood, or a larger, newer home further out. Understanding your priorities and having some flexibility can help you move quickly when a suitable home enters the market.
Keep an eye on the market where you hope to buy. Determine the area’s available inventory and price levels. Also, pay attention to how quickly homes sell. Not only will you be tuned in when something great hits the market, you can feel more confident moving forward with purchasing a well-priced home. A real estate agent can help with this.
Don’t be discouraged. Purchasing a home is one of the largest financial decisions you’ll ever make. Approaching the market confidently, armed with good information and grounded expectations will take you far. Don’t let the hustle of the market convince you to buy something that’s not in your budget, or not right for your lifestyle.
Pro Tips for Selling in Today’s Real Estate Market
Gary Ashton, founder of The Ashton Real Estate Group of RE/MAX Advantage, has this expert advice for sellers:
Research comparable home prices in your area. Sellers need to have the most up-to-date pricing intel on comparable homes selling in their market. Know the market competition and price the home competitively. In addition, understand that in some price points it’s a buyer’s market—you’ll need to be prepared to make some concessions.
Make sure your home is in top-notch shape. Homes need to be in great condition to compete and create a strong “online curb appeal.” Well-maintained homes and attractive front yards are major features that buyers look for.
Work with a local real estate agent. A real estate agent or team with a strong local marketing presence and access to major real estate portals can offer significant value and help you land a great deal.
Don’t put off issues that require attention. Prepare the home by making any repairs or improvements. Removing any objections that buyers may see helps focus the buyer on the positive attributes of the home.
Will the Housing Market Crash in 2024?
Despite some areas of the country experiencing monthly price declines, the likelihood of a housing market crash—a rapid drop in unsustainably high home prices due to waning demand—remains low for 2024.
“[T]he record low supply of houses on the market protects against a market crash,” says Tom Hutchens, executive vice president of production at Angel Oak Mortgage Solutions, a non-QM lender.
Moreover, experts point out that today’s homeowners stand on much more secure footing than those coming out of the 2008 financial crisis, with many borrowers having substantial home equity.
“In 2024, I expect we’ll see home appreciation take a step back but not plummet,” says Orphe Divounguy, senior macroeconomist at Zillow Home Loans.
This outlook aligns with what other housing market watchers expect.
“Comerica forecasts that national house prices will rise 2.9% in 2024,” said Bill Adams, chief economist at Comerica Bank, in an emailed statement.
Divounguy also notes that several factors, including Millennials entering their prime home-buying years, wage growth and financial wealth are tailwinds that will sustain housing demand in 2024.
Even so, with fewer homes selling, Dan Hnatkovskyy, co-founder and CEO of NewHomesMate, a marketplace for new construction homes, sees a price collapse within the realm of possibility, especially in markets where real estate investors scooped up numerous properties.
“If something pushes that over the edge, the consequences could be severe,” said Hnatkovskyy, in an emailed statement.
Will Foreclosures Increase in 2024?
In February, total foreclosure filings were down 1% from the previous month but up 8% from a year ago, according to Attom.
“These trends could signify evolving financial landscapes for homeowners, prompting adjustments in market strategies and lending practices,” said Barber, in a report.
Lenders began foreclosure on 22,575 properties in February, up 4% from the previous month and 11% from a year ago. Meanwhile, real estate-owned properties, or REOs, which are homes unsold at foreclosure auctions and taken over by lenders, spiked year-over-year in three states: South Carolina (up 51%), Missouri (up 50%) and Pennsylvania (up 46%).
Despite foreclosure activity trending up nationally and certain areas of the country seeing notable annual increases in REOs, experts generally don’t expect to see a wave of foreclosures in 2024.
“Foreclosure activity is still only at about 60% of pre-pandemic levels … and isn’t likely to be back to 2019 numbers until sometime in mid-to-late 2024,” says Sharga.
The biggest reasons for this, Sharga explains, are the strength of the economy—we’re still seeing low unemployment and steady wage growth—along with excellent loan quality.
Massive home price growth in homeowner equity over the past few years has also helped reduce foreclosures.
Sharga says that some 80% of today’s homeowners have more than 20% equity in their property. So, while there may be more foreclosure starts in 2024—due in part to Covid-era mortgage relief programs phasing out—foreclosure auctions and lender repossessions should remain below 2019 levels.
When Will Be the Best Time To Buy a Home in 2024?
Buying a house—in any market—is a highly personal decision. Because homes represent the largest single purchase most people will make in their lifetime, it’s crucial to be in a solid financial position before diving in.
Use a mortgage calculator to estimate your monthly housing costs based on your down. But if you’re trying to predict what might happen next year, experts say this is probably not the best home-buying strategy.
“The housing market—like so many other markets—is almost impossible to time,“ Divounguy says. “The best time for prospective buyers is when they find a home that they like, that meets their family’s current and foreseeable needs and that they can afford.”
Gumbinger agrees it’s hard to tell would-be homeowners to wait for better conditions.
“More often, it seems the case that home prices generally keep rising, so the goalposts for amassing a down payment keep moving, and there’s no guarantee that tomorrow’s conditions will be all that much better in the aggregate than today’s.”
Divounguy says “getting on the housing ladder” is worthwhile to begin building equity and net worth.
Frequently Asked Questions (FAQs)
Will declining mortgage rates cause home prices to rise?
Declining mortgage rates will likely incentivize would-be buyers anxious to own a home to jump into the market. Expect this increased demand amid today’s tight housing supply to put upward pressure on home prices.
What will happen if the housing market crashes?
Most experts do not expect a housing market crash in 2024 since many homeowners have built up significant equity in their homes. The issue is primarily an affordability crisis. High interest rates and inflated home values have made purchasing a home challenging for first-time homebuyers.
Is it smart to buy real estate before a recession?
If you’re in a financial position to buy a home you plan to live in for the long term, it won’t matter when you buy it because you will live in it through economic highs and lows. However, if you are looking to buy real estate as a short-term investment, it will come with more risk if you buy at the height before a recession.
What’s a fair price to pay for mouthwash, soap, body wash, and toothpaste? One TikToker is in shock at their total from Target when buying these items and voiced their concerns about the affordability of basic essentials.
In the video, Steve Owens (@iamsteveowens) is in their car telling viewers about their recent Target visit. They mention that their total price for these essentials was $35, which averages out to about $8.75 per item. They also mention that everything in the store is locked up and that the self-checkout is no longer an option, allegedly due to the store’s concerns about theft. They go on to explain that people are stealing out of necessity, not as a hobby.
“Y’all, people are not stealing because it’s fun. People are stealing because they have to. If you look at what’s locked up—it’s soap, deodorant, toothpaste, mouthwash, body wash. These are essential items, OK? They didn’t lock up the home goods stuff in there,” Owens states about the items at Target.
The video has over 16,000 likes and over 144,000 views since April 10 at 9pm ET.
Owens goes on to contextualize the total of the items based on the average minimum wage in the United States.
“Y’all, people are struggling—that is why folks are stealing. This is $30, OK? Minimum wage in the United States of America, on average, is $11 an hour. You have to trade three hours of your life. Think about this, y’all. You gotta trade three hours of your life for mouthwash, toothpaste. I’mma show it to you again—soap and body wash. This is three hours of your life that you have to trade, and you ain’t never get it back,” Owen states about the Target purchase.
@iamsteveowens Target is robbing us blind, and we are letting them! #fyp #foryou #foryoupage ♬ original sound – Steve Owens
While some sources say the accurate average for minimum wages across the United States is $9.00, the federal minimum wage is lower than this at $7.25 an hour for nonexempt employees, according to the U.S. Department of Labor.
People in the comments began to echo their concerns as well.
“Trading your life (work) for items is insane to say…. lordt… that just changed the way I see things,” one comment reads.
“Between essential items and groceries it’s ridiculous,” another wrote. The Daily Dot has previously written about people being overwhelmed by the price of groceries as well.
“Corporate greed,” commented another.
It seems that Owens is not the only one fed up with the price of items nowadays. The Daily Dot has reached out for comment to Target via email and Owen via TikTok comment.
The internet is chaotic—but we’ll break it down for you in one daily email. Sign up for the Daily Dot’s web_crawlr newsletter here to get the best (and worst) of the internet straight into your inbox.
Share this article
*First Published: Apr 11, 2024, 2:00 pm CDT
Marlin Ramos
<!– –>
Marlin Ramos is a museum educator currently working at the Museum of Modern Art in New York. They founded LUMXN Magazine and is a graduate student at New York University. She loves long walks in nature, doing yoga, and baking!
There are now 526,000 single-family homes active unsold on the market. That’s up 2.6% from the previous week when the data included the Easter holiday. It’s a holiday week jump so it’s not super crazy, but a 2.6% jump in unsold inventory in a week is very notable. This is absolutely a function of high and rising mortgage rates. I’ve been sharing this view for two full years now. As mortgage rates rise, inventory rises. Or, to put it another way: demand slows, inventory grows. So, rates are up and inventory is undeniably growing.
Available inventory of unsold homes on the market is 30% greater than last year at this time and 102% more than in mid-April 2022. There are 120,000 more homes on the market now than there were last year. There are 250,000 more homes on the market now than two years ago. Much of this inventory increase is concentrated is a few key markets.
[embedded content]
Two years ago, rates were obviously rising for the first time in years and inventory was rising too. Inventory was coming off the record lows of the pandemic, but was already increasing 2-3% per week as demand slowed.
Year-over-year inventory growth like this can lead to home-price declines in the future since sales price measures lag way behind the changes in supply and demand. Because we have 30% year-over-year inventory gains now, we’ll be on the lookout for more signals of weakness in home prices as the year progresses.
It’s important to note that we don’t see any signs in the data of a major home-price crash. In early 2022, inventory rose quickly and home prices fell in Q4 of that year. Home prices recovered in 2023 very quickly though. If we finally get some stability in mortgage rates, expect stability also in home prices. If we are in a world of continued rising mortgage rates, supply and demand will continue their imbalance and we’ll likely see price adjustments.
New listings
Inventory growth is from a combination of fewer buyers as affordability worsens, but also gradually improving seller volume. There were 66,000 new listings unsold last week plus another 20,000 immediate sales for 86,000 total new listings. That’s 32% more new listings last week than the same week a year ago.
The measure from last year included last year’s Easter holiday weekend so some of this 32% is from that easy comparison. But each week in 2024 is averaging 13% more sellers than last year at this time. So we have obvious seller growth as we settle into mortgage rates higher for longer.
This concept is counter-intuitive. Many listeners are familiar with the concept of a mortgage rate lock-in. This was the topic of my Top of Mind podcast interview last week with Jonah Coste from FHFA discussing their paper on the lock-in effect.
The lock-in premise is that if rates rise, it becomes more expensive for homeowners to move, so higher rates create more lock-in and fewer sellers. But that’s proving to be only partially true. The lock-in effect keeps us with relatively few sellers: 80,000 instead of 100,000 each week in previous healthy years, but we have more sellers every week than last year even though mortgage rates are higher now.
In fact, there were more new listings last week at 66,000 than any week in 2023 and we have a couple months of spring still for that number to climb.
New pendings
Meanwhile, there were 69,000 new pendings last week. These are homes that were listed, took offers and started the contract process. It takes just under 40 days on average to close the transaction, so these are sales that will close in May for the most part.
The 69,000 contracts is 10% more than a year ago and 7% more than the previous week, which included the Easter holiday. So like the inventory numbers, last week’s big jump is mostly a rebound from the holiday. But it’s really encouraging that sales each week continue to come in ahead of last year.
If rates finally fall, we’ll see this transaction rate accelerate, and we’ll see inventory fall too. But there doesn’t seem to be any inclination of rates falling. This weekly new pendings data is a very handy measure of interest-rate sensitivity.
There are 371,000 single-family homes in contract right now. That’s just 4% more than last year at this time. A lot of places in the country still have fewer sales than last year. The market is trying to grow, but a new jump in mortgage rates doesn’t help. More sales are happening with cash right now, so the mortgage indices are still at record lows. If we get lucky and rates don’t keep climbing, then we’ll continue to see home sales run just a little ahead of last year. The more stable rates stay, the more sales can inch forward.
Home prices
The median price of the homes that took offers last week was $389,900. That is actually below 2022 by 1%. In 2022, home prices still had pandemic momentum into the second quarter. The median price of all the homes in contract is $399,000, which means the homes that sell in April and May will be 5% higher priced than 2023.
The median price of the active market was $447,527 last week. That’s up for the week and 1.7% above last year. The asking prices are leading indicators of where future sales prices will happen. And the growth in those leading indicators is not very strong — just barely above last year at this time.
The price of the newly listed cohort came in pretty strong in the week after Easter at $435,000, which was a new all-time high for that measure. So, not all of the pricing indicators are bearish. That’s good to keep our eyes on.
Price reductions
On the other hand, 32.1% of the homes on the market have taken a price cut. That’s up a fraction from the previous week, 10 basis points. If this most recent move in mortgage rates is stifling homebuyers, we’ll see the price reductions number jump in next Monday’s video.
Some of the homes that are on the market and expected offers last week didn’t get their offers because of the most recent mortgage rate jump. If they don’t get the offer, then on Monday or Tuesday, a few are going to reduce their asking price to try to stimulate demand.
Two takeaways from the price-reductions data: One, next week we will be watching for how many listings cut their prices as a result of newly higher mortgage rates. We can see that moment in September of 2022 when price cuts jumped and we saw it again last September when rates jumped. Will we see it again in next Monday’s data?
And two, because price cuts are a bit high and climbing now, we have to look at that as a slightly bearish signal for home prices for the rest of the year. Transaction volume is climbing but prices do not appear to be climbing considering these levels of unaffordability.
With year-round sunshine, warm weather, stunning mountain views, and desert landscapes, Phoenix, AZ, is a wonderful city to call home. From its Southwestern vibe, colorful neighborhoods, and outdoor activities, it’s no surprise that 1.6 million people live in the “Valley of the Sun.”
If you’re looking to rent an apartment in Phoenix, you’ll find that the average rent for a studio is $1,125 while a one-bedroom apartment is $1,237. But those numbers might not fit your budget. ApartmentGuide is here to help with a list of the most affordable neighborhoods in Phoenix to rent this year.
8 Affordable Neighborhoods in Phoenix, AZ
From Lake Biltmore Village to Roosevelt, Phoenix has affordable neighborhoods that fit your budget. The best part is that they’re all under Phoenix’s average rent for studio and one-bedroom units. Let’s see what Phoenix neighborhoods made the list.
1. Lake Biltmore Village 2. Roosevelt 3. Citrus Acres 4. Alhambra 5. North Mountain 6. West Phoenix 7. South Mountain 8. Sunnyslope
Read on to see what each neighborhood has to offer its residents.
1. Lake Biltmore Village
Average studio rent: $853 Average 1-bedroom rent: $979 Apartments for rent in Lake Biltmore Village
Lake Biltmore Village is the most affordable neighborhood in Phoenix. The average rent for a one-bedroom unit is $979, almost $300 less than Phoenix’s average. There are many reasons to love living in Lake Biltmore Village, from attractions like the beautiful Lake Biltmore to green spaces like Cave Creek Park – Cholla. If you’re looking for restaurants and shops, you can find a lot along Peoria Avenue. For renters living in Phoenix without a car, there are two bus stops in Lake Biltmore Village.
2. Roosevelt
Average studio rent: $799 Average 1-bedroom rent: $1,099 Apartments for rent in Roosevelt
Roosevelt is a bustling area that’s just north of downtown Phoenix. This affordable neighborhood has lots of attractions such as the Margaret T. Hance Park, which is home to The Japanese Friendship Garden of Phoenix, the Historic Ellis-Shackelford House, and Great Arizona Puppet Theater. Roosevelt has numerous restaurants and bars throughout the neighborhood, like The Vig, Pita Jungle, and Vovomeena.
3. Citrus Acres
Average studio rent: $975 Average 1-bedroom rent: $1,100 Apartments for rent in Citrus Acres
With an average one-bedroom rent of $1,100, Citrus Acres is the third-most affordable neighborhood in Phoenix. This neighborhood is an awesome option to consider if you’re looking for a more residential area. There are plenty of shopping centers and parks nearby like Desert Palms Power Center and Old Crosscut Canal.
4. Alhambra
Average studio rent: $1,002 Average 1-bedroom rent: $1,114 Apartments for rent in Alhambra
Alhambra is the fourth-most affordable neighborhood in Phoenix and is north of downtown. This neighborhood is an excellent option if you want access to plenty of shops and restaurants. For example, you can easily access the Christown Spectrum Mall, Cielito Park, and the Grand Canyon University campus. Alhambra is also home to the Uptown Farmers’ Market, held on Wednesdays and Saturdays, where you can check out the local vendors.
5. North Mountain
Average studio rent: $1,010 Average 1-bedroom rent: $1,122 Apartments for rent in North Mountain
Just about 10 miles from downtown, North Mountain is a stellar neighborhood if you want to live outside the hustle and bustle. It’s also a great area if you want quick access to the outdoors. For example, you can access North Mountain Park, Phoenix Mountains Preserve, and Cave Creek Park. North Mountain has other attractions, like the Martin Auto Museum and Event Center, the Castles N’ Coasters amusement park, and Cave Creek Golf Course.
6. West Phoenix
Average studio rent: $994 Average 1-bedroom rent: $1,160 Apartments for rent in West Phoenix
Next up is West Phoenix, the sixth-most affordable neighborhood in Phoenix. West Phoenix is a quaint neighborhood near parks, restaurants, and attractions. Make sure to enjoy the outdoors at Falcon Park or grab a meal at one of the neighborhood restaurants on Van Buren Street. There’s something for everyone living in West Phoenix.
7. South Mountain
Average studio rent: $853 Average 1-bedroom rent: $1,199 Apartments for rent in South Mountain
Nestled south of downtown, South Mountain is the seventh-most affordable neighborhood in Phoenix. South Mountain has an outdoorsy atmosphere with it’s easy access to South Mountain Park, where you can find numerous trails and lookouts. You can also check out some of South Mountain’s attractions, like the Mystery Castle, Raven Golf Club, and the Rio Salado South Basin Trail.
8. Sunnyslope
Average studio rent: $795 Average 1-bedroom rent: $1,225 Apartments for rent in Sunnyslope
Sunnyslope takes the eighth and final spot on our list of most affordable neighborhoods in Phoenix. The average rent for a one-bedroom unit is roughly $10 less than the city’s average, so you’ll still save a bit over time. It’s about 10 miles from downtown, so you’ll have the best city life without living in the city center. Sunnyslope is home to several bars and restaurants, like North Mountain Brewing Company and Little Miss BBQ Sunnyslope. There’s always something new to explore in this charming neighborhood..
Methodology: Affordability based on whether a neighborhood has average studio and 1-bedroom rent prices under the city’s average. Average rental data from Rent.com in March 2024.
Eurostar offers high-speed train travel between the U.K., Belgium, the Netherlands, France and Germany. Its trains can reach 186 mph, which means a train from London to Paris takes only 2 hours and 16 minutes. Eurostar merged with Thalys — another European high-speed train company — in 2023.
Taking a Eurostar train between these five countries can be more seamless than flying because you get a solid baggage allowance and don’t need to deal with airports, liquid restrictions in your carry-on and long security lines.
Here’s what you need to know about Eurostar’s destinations, cabin classes, lounges, loyalty program, amenities and pricing.
Destinations
Eurostar offers direct train service to London, Paris, Brussels, Amsterdam and Rotterdam, Netherlands. For all other destinations, you must connect to a different train, potentially with another carrier.
The fastest train journeys are the following:
Paris to Brussels – 1 hour, 22 minutes.
London to Lille, France – 1 hour, 22 minutes.
London to Brussels – 1 hour, 53 minutes.
Brussels to Amsterdam – 1 hour, 53 minutes.
London to Paris – 2 hours, 16 minutes.
London to Rotterdam – 3 hours, 13 minutes.
Paris to Amsterdam – 3 hours, 20 minutes.
Paris to Cologne – 3 hours, 20 minutes.
London to Amsterdam – 3 hours, 52 minutes.
Depending on where you’re headed, taking the train may take less total time than flying. For example, the train from London to Paris takes 2 hours and 16 minutes, while a flight takes 1 hour and 20 minutes. Though the train takes almost an hour longer, other factors involved with flying, including early airport arrival, travel time to/from the airport, security and boarding, make the train the faster option.
The Eurostar operates out of St. Pancras International Station, located in central London and easily accessible by several tube (underground) lines and buses. By contrast, London’s main airports, Heathrow Airport and London Gatwick Airport, are located outside the city and can take an hour or more to get to depending on where you’re traveling from and your mode of transport.
Furthermore, Eurostar’s rules are arguably more traveler-friendly than those of airlines. On even the cheapest tickets, Eurostar allows adults to bring two pieces of luggage and one carry-on with no weight limit. Children can bring one piece of luggage and one carry-on.
You also don’t have to worry about paying for a seat or dealing with liquid restrictions. You can make fee-free changes to your ticket as many times as you like until seven days before departure. Ticket changes within seven days of departure incur a $40 fee unless you’re in Business Premier.
Club Eurostar
Club Eurostar is Eurostoar’s loyalty program and you can sign up for a free account to start earning points. You earn 1 point per $1 spent on Eurostar tickets. Train + hotel packages also earn points, albeit at a lower rate (1 point per $2).
Eurostar has four membership levels, and with each increasing level you earn more points on travel and get access to additional perks.
Carte Blanche
Points required
Bonus points on tickets
All levels can pool points with friends and family, use points to pay a portion of their tickets and upgrade their seats from Standard to Standard Premier/Comfort. If you’re going for elite status with Eurostar, the biggest advantages are companion vouchers, lounge access and priority benefits when traveling.
Rewards can be used for as low as 100 points on various experiences from free tickets to upgrades.
Eurostar travel classes
Eurostar offers different travel classes, and these travel classes vary by destination. All trains offer Wi-Fi, but in my experience, the Wi-Fi has been awful, with upload and download speeds of less than 1 Mbps.
Trains to/from London
A Eurostar train to/from London offers three travel classes: Standard, Standard Premier and Business Premier. All seats offer U.K. and EU plug sockets. You can also choose your seat when traveling on this route.
Standard: This travel class offers the lowest priced tickets and food and drinks are available for purchase.
Standard Premier: You get free magazines and a more spacious seat, along with a light meal and drinks.
Business Premier: You get the same seat as in Standard Premier, plus additional perks including three pieces of luggage, a carry-on, hot meals created by Raymond Blanc OBE served with champagne, free newspapers and magazines and a dedicated fast-track ticket gate. You also get access to Eurostar lounges and NS International lounges.
Trains between Belgium, France, the Netherlands and Germany
When traveling between Belgium, France, the Netherlands and Germany, there are three travel classes: Standard, Comfort and Premium. All seats include EU plug sockets.
You also have access to Eurostar’s taxi booking service, which allows you to arrange transport to/from the train station. Unfortunately you cannot choose your seat when traveling between these destinations.
Standard: This travel class has the cheapest tickets. Food and drinks are not included but can be purchased onboard.
Comfort: You get a more spacious seat, but still need to pay for food and drinks. Comfort seats have access to premium Wi-Fi, but I found that Wi-Fi to be just as slow as in Standard class.
Premium: You have the same seat as in Comfort class and some additional perks including a gourmet cold meal served at your seat, access to Eurostar lounges and NS International lounges.
The Eurostar amenities you receive depend on which class you travel in. You receive a complimentary meal in Premium, Standard Premier or Business Premier. Those in Business Premier (only available on London routes) receive three-course meals created in collaboration with Michelin-star chef Raymond Blanc OBE. Passengers in Premium get a meal designed by Belgian chef Frank Fol.
Passengers in other travel classes don’t receive a complimentary meal but can purchase drinks or snacks from the Eurostar Cafe.
Lounge access
Travelers in Premium can visit the Eurostar lounge in Paris and Brussels, and NS International lounges in Amsterdam and Rotterdam. Those traveling in Business Premier can use the lounge in London, Paris and Brussels.
Club Eurostar elites traveling on any fare class can access certain lounges depending on their elite status:
Avantage, Carte Blanche and Etoile members: Eurostar lounge in Brussels and Paris.
Carte Blanche and Etoile members: Eurostar lounge in London, Paris and Brussels; DB lounges in Cologne, Düsseldorf and Essen; NS International lounges in Amsterdam, Rotterdam and Schiphol airport; Railteam lounges in France, Belgium, Switzerland and Austria.
Check each lounge’s information page for opening hours. Generally, you can expect to find various seating spaces, complimentary newspapers and magazines, free Wi-Fi as well as food and drinks to enjoy.
Eurostar allows you to book tickets up to 120 days in advance, and the sooner you book the better. You’ll generally find the cheapest tickets on Tuesday and Wednesday. Since you can change your ticket fee-free as many times as you want until seven days before departure, you might as well book as soon as possible.
There are also special or discounted fares for the following groups:
Children under age 4
Kids ages 4-11
Passengers under 26 or over 60
Travelers in a group
Wheelchair passengers and companions
The availability of discounts depends on your destination, so you’ll want to check Eurostar’s page for guidance.
If you have a credit card that earns travel rewards, you’ll want to use it for this purchase since trains are part of the travel category. Here’s a sampling of cards that earn extra rewards for travel and don’t charge foreign transaction fees.
Cards for traveling by Eurostar
Chase Sapphire Preferred® Card
on Chase’s website
Chase Sapphire Reserve®
on Chase’s website
Capital One Venture Rewards Credit Card
American Express® Green Card
Earn rate on train travel
• 2 points per $1 spent on travel, including train travel.
• 3 points per $1 spent on travel, including train travel.
• 2 miles per $1 on every purchase.
• 3 points per $1 on transit, including train travel.
Terms apply.
Annual fee
Welcome offer
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 when you redeem through Chase Travel℠.
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $900 toward travel when you redeem through Chase Travel℠.
Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel.
Earn 40,000 Membership Rewards® Points after you spend $3,000 on purchases on your new Card in your first 6 months of Card Membership.
Still not sure?
You can pay in U.S. dollars when buying Eurostar tickets online. However, if you plan to buy anything on board the train, and you’ll be in Europe anyways, you’ll want to use a card that waives foreign transaction fees.
Is it cheaper to fly or take Eurostar?
The answer to this question depends on how far in advance you purchase your ticket, your day of travel, whether you need to pay for luggage, and the difference in costs between traveling to the airport and to a Eurostar train station.
Here’s a sampling of Eurostar fares in September 2024 from London to Paris.
Here’s a selection of flights from London to Paris on the same day.
Although the cheapest flight is $13 less than the train, bag fees are not included in that price. And since Eurostar stations are generally more centrally located, your overall cost may be cheaper on the train after factoring in a rideshare or taxi to the airport.
Eurostar recapped
Eurostar offers a convenient way to travel between the U.K., Belgium, Netherlands, France and Germany. If you’re deciding whether to fly or take a Eurostar, factor in the cost, travel time (including the time spent getting to and from the airport, as well as the time spent at the airport) and how many bags you’re bringing as part of your decision.
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2024, including those best for:
“I would say that there is still some unease because of rates fluctuating,” she said. “I think when we kind of settle into a range, then it’s like, ‘OK, this is the new normal – this is what we’re doing.’ But weeks like this week, when it goes a little bonkers, really rattle everyone – … [Read more…]
The average long-term mortgage rate has risen once again this week, with the average 30-year fixed loan now at 7.08 per cent, according to Bankrate’s latest survey of large lenders.
Another mortgage buyer, Freddie Mac, said the average rate on a 30-year mortgage rose to 6.88 per cent from 6.82 per cent last week. In comparison to a year ago, where the rate averaged 6.27%, this is having a genuine impact on American homeowners.
Average 30-year mortgage rates in the 10 largest metro areas ranged from 7.56% in Los Angeles to 6.85% in Chicago.
Rates are slightly higher now compared to the start of this year, keeping some borrowers waiting as the spring begins, which is typically known as the most popular time to buy a home.
The national median family income for 2023 was $96,300, according to the U.S. Department of Housing and Urban Development. The median price of an existing home sold in February 2024 was $384,500, according to the National Association of Realtors (NAR).
How will it affect your payment?
The initial impact of this change was felt in the stock market, with Wall Street sending shares sharply lower, as expectations that the Fed would be cutting rates proved to be premature.
Mortgage rates are influenced by the Fed benchmark rate, although they also reflect other factors, like bond yields and inflation. However, according to Lawrence Yun, chief economist at the NAR, rates for home loans are likely to be unchanged in the near-term due to factors like the strong job market and housing demand.
But that is no consolation for those already with mortgages. When mortgage rates rise, they can prove to be hugely damaging for families struggling to get by, as they add hundreds of dollars a month in costs for borrowers.
With this rise, based on a 20 per cent downpayment and a 7.08 per cent mortgage rate, the monthly payment of $2,063 amounts to 26 per cent of the typical family’s monthly income.
Welcome to the charming city of Springfield, where the Ozarks meet urban sophistication. With its picturesque landscapes, lively arts scene, and friendly community, Springfield offers a unique blend of natural beauty and city living. So whether you’re searching for the perfect apartment in Springfield or eyeing a cozy home for rent, you’ve come to the right place.
In this ApartmentGuide article, we’ll cut to the chase, breaking down the pros and cons of moving to Springfield. Let’s get started and see what awaits in this delightful city.
Pros of living in Springfield
1. Affordable cost of living
One of the major advantages of living in Springfield is the affordable cost of living. The average rent for apartments in Springfield, is between $775 and $927 in 2024. Residents can enjoy a comfortable lifestyle without breaking the bank, as housing, groceries, and other daily expenses are relatively budget-friendly. This makes Springfield an attractive option for individuals and families looking to stretch their dollars without sacrificing quality of life.
2. Rich cultural heritage
Springfield boasts a rich cultural heritage, with a strong emphasis on the arts, music, and history. The city is home to numerous art galleries, museums, and performance venues, providing ample opportunities for residents to immerse themselves in the local culture. From the Springfield Art Museum to the historic Gillioz Theatre, there’s no shortage of cultural experiences to enjoy in this vibrant community.
3. Outdoor recreational opportunities
For nature enthusiasts, Springfield offers a plethora of outdoor recreational opportunities. With its close proximity to the Ozark Mountains, residents can easily access hiking trails, fishing spots, and camping grounds. The city also features beautiful parks and green spaces. Such as Nathanael Greene/Close Memorial Park, where locals can enjoy picnics, sports, and leisurely strolls amidst scenic natural surroundings.
4. Diverse dining scene
Springfield is known for its diverse dining scene, offering a wide array of culinary options to suit every palate. From farm-to-table eateries and international cuisine to food trucks and local diners, residents can indulge in a variety of delicious dishes without having to travel far. The city’s food culture reflects its vibrant community, with a focus on fresh, locally-sourced ingredients and innovative culinary creations.
5. Strong sense of community
Residents of Springfield benefit from a strong sense of community, characterized by friendly neighbors, local events, and a welcoming atmosphere. The city’s close-knit neighborhoods and active community organizations foster a supportive environment where individuals can connect, collaborate, and contribute to the overall well-being of the community. Whether it’s volunteering at a local charity or attending a neighborhood block party, there are numerous ways to get involved and build meaningful relationships in Springfield.
6. Access to quality healthcare
Springfield is home to a number of reputable healthcare facilities and medical professionals, ensuring that residents have access to quality healthcare services. From hospitals and clinics to specialized treatment centers, the city’s healthcare infrastructure is well-equipped to meet the diverse needs of its population. This provides peace of mind for individuals, knowing that they can receive reliable medical care within their own community.
7. Thriving job market
With a diverse economy and a range of industries, Springfield offers a thriving job market with opportunities in healthcare, education, manufacturing, and technology. The city’s business-friendly environment and entrepreneurial spirit make it an attractive destination for professionals seeking career growth and stability. Whether it’s starting a new venture or joining an established company, residents can find fulfilling employment options in Springfield.
Cons of living in Springfield
1. Limited public transportation options
One of the challenges of living in Springfield is the limited public transportation options. The city’s public transit system is not as extensive as in larger metropolitan areas, which can pose difficulties for residents who rely on alternative modes of transportation. While efforts are being made to improve public transit, individuals may find it challenging to navigate the city without a personal vehicle.
2. Extreme weather conditions
Springfield experiences a wide range of weather conditions. Including hot summers, cold winters, and the occasional severe weather events such as tornadoes. While the changing seasons can be appealing to some, others may find it challenging to adapt to the extreme temperatures and weather fluctuations. It’s important for residents to be prepared for varying climate conditions and to take necessary precautions.
3. Limited cultural diversity
Despite its rich cultural heritage, Springfield has a relatively limited cultural diversity compared to larger cities. This can impact the availability of international cuisines, cultural events, and diverse perspectives within the community. Individuals seeking a more cosmopolitan environment with a wide range of cultural influences may find Springfield’s cultural landscape to be somewhat homogenous in comparison.
4. Traffic congestion
As the population of Springfield continues to grow, traffic congestion has become a concern for residents. The city’s road infrastructure is experiencing increased pressure, leading to traffic delays and congestion during peak hours. While efforts are underway to address these issues, individuals commuting within the city may encounter challenges related to traffic flow and transportation efficiency.
5. Limited nightlife options
For those seeking a vibrant nightlife scene, Springfield may offer limited options compared to larger urban centers. While the city has a variety of bars, pubs, and entertainment venues, the overall nightlife experience may not be as extensive or diverse as in metropolitan areas. Residents looking for a bustling nightlife with a wide range of entertainment choices may find Springfield’s offerings to be more subdued in comparison.
6. Educational funding challenges
Springfield faces challenges related to educational funding, which can impact the resources and opportunities available to students and educators. The city’s public school system, like many others, grapples with budget constraints and funding issues that may affect the quality of education and extracurricular programs. This is an important consideration for those who prioritize access to high-quality education.
7. Limited professional networking opportunities
While Springfield offers a thriving job market, individuals seeking extensive professional networking opportunities may find the city’s business community to be more limited. Residents may find the availability of industry-specific networking events, conferences, and professional development resources to be relatively constrained. This can impact individuals looking to expand their professional connections and advance their careers within their chosen fields.