Prices are rising at a dramatic rate in states including Georgia and Arizona, which will host two of 2022’s most important midterm Senate races.
, Calif., and higher shipping costs that were passed on to consumers.
"They're moving in droves to places like Savannah, Charleston – you know, the coastal South," Fohlin said."Take a look at the real estate market in, say, Sullivan's Island, South Carolina" where"shacks" are selling for millions, In New York City, where renters comprise about 67% of all households, the average rent for a one-bedroom apartment fell from about $1,920 per month in February 2020 to $1,510 by January 2021 as residents fled congested cities, according to
As inflation has climbed, Biden's polling has fallen: Just 36% of those surveyed by Gallup say they approve of his handling of the economy in a recent poll, down from 54% in February 2021. "Our shelves are empty, the supply chain is a mess, and inflation is at the HIGHEST in 40 years," Walker wrote in a Jan. 19 Twitter post."President Biden's approval ratings continue to drop. Why is he focused on social spending? People just want affordable gas and groceries on the shelves!"
"Honestly, it just didn't make sense to rent anymore with the increase that I was seeing," Spector, who works in sales for a logistics firm, told CNBC."I did want to buy a house – it was on the timeline. But it was definitely expedited – almost necessary – when I saw what the rent was increasing to."McElwain, who works sourcing labor and materials for homebuilders, said more expensive raw materials are fueling prices for new homes.
Spector said that inflation, and the state of the economy more broadly, will influence him in the ballot box come Election Day. Votes from McElwain and Spector this fall will help determine whether Democratic Sen. Mark Kelly will hold on to the seat he won in Arizona's 2020 special election against then-GOP incumbent Martha McSally to finish out the remainder of former Sen. John McCain's term.
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