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In this Real Estate News Brief for the week ending October 30th, 2021... the rebound of big city rents, the state and local property tax bonanza, and a tragic reminder to check smoke alarms in rentals. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Economic News We begin with economic news from this past week. The latest report on the GDP shows a big slowdown in the third quarter. The Commerce Department says the economy downshifted from 6.7% in the second quarter to just 2% in the third. (1) The slowdown was expected but the Wall Street Journal had anticipated a beefier 2.8%. Economists say we’re experiencing slower growth because government stimulus money is drying up while businesses struggle with supply chain issues and the nation continues to deal with the coronavirus. Consumers are working and spending money however, which keeps the economy on the growth side. Consumer spending was up .6% in September. (2) And, the latest