NEW YORK

During the second quarter, average rents increased to record levels in 74 of the 82 U.S. markets tracked by real estate data firm Reis Inc. (NYSE: REIS), according to a report released Thursday. A number of factors are driving the trend.

It seems like Eva Longoria and Eduardo Cruz split just last week, but the actress is already rumored to be moving on with New York Jets quarterback Mark Sanchez.

The future Hall-of-Famer has chosen the Knicks over the Mavericks.

Kim Kardashian and Kanye West, widely known by their couple name, Kimye have hit a milestone- - the two have been dating for 73 days. The queen of reality television shocked the world when she filed for divorce from her husband Kris Humphries after a measly 72-days marriage, but she's surprised her fans and naysayers alike by passing the 73-day mark with West.

Taylor Swift may have found herself a new beau to sing love songs about. She was spotted getting nice and cozy with Patrick Schwarzenegger while hanging out with the Kennedy brood for the Fourth of July holiday.

Kris Humphries could be a daddy in the near future after his ex-girlfriend posted an obscure tweet that has lead people to believe that the 25-year-old is pregnant- - as if the 72-day Kim Kardashian marriage drama couldn't get any juicier.

Some airline companies appear to be faring much better in gaining passenger traffic thanks to a soaring demand for air travel and limited carrier choices -- a trend that has given U.S. airlines wide leeway to maintain overcrowded planes and shoddy customer service.

The same president who set the record for campaign fundraising record in 2008 has been beat two months in a row and recently expressed concern to his contributors.

Who needs to swim at a beach on the coast when you can frolic in some of the United States' most scenic countryside?

The European summit may have increased investor confidence, but weak consumer spending across Europe, along with the rise of the dollar against the euro, is slowing down the global economy, pushing many companies to trim their earnings forecasts.

Jason Kidd is headed to New York.

The Lakers are looking for some extra veterans to push them to another NBA title.

The temperamental actor is reportedly considering running for New York City mayor in 2014.

Three children have died and 24 others have been rescued from the water after a yacht capsized on the Fourth of July in the Long Island Sound.

As Jeremy Lin and Landry Fields appear to each have one foot out the door, are the key free agents -- combined with a continued lack of new players on their roster -- killing the Knicks' chances of having a deep playoff run in the 2012-2013 season?

Kyle Lowry is headed to the Toronto Raptors.

Consumers, spooked by months of sluggish hiring and a global slowdown, pulled back on spending in June, which took a toll on top U.S. retailers' sales.

The Houston Rockets are a major player for Jeremy Lin.

A troubling new report shows that TV production in the Los Angeles area is in a state of rapid decline, with less than half of all TV dramas now filmed in the L.A. area.

In what can be labeled as a form of reverse surveillance, the ACLU of New Jersey has released a Police Tape app to let residents secretly video or record any encounters they have with police.

Government subsidies for sugar farmers are facing fresh opposition, despite the farmers' successful efforts to defeat a recent bid to eliminate the subsidies that opponents argue endangers public health, reduces employment and costs consumers and businesses billions of dollars.