Those looking for a bit of good news to start the week may have to cast the net further out. Stock futures are tilting lower as COVID-19 cases flare up in China, threatening more lockdowns. And the plate was already full for investors this week, with inflation one of several data points to watch, and … Read more
Mark Fleming Housing has become increasingly unaffordable to millions of Americans — with home prices and mortgage rates continuing to rise (see the lowest rates you may qualify for now here). So – as part of our series where we ask prominent economists and real estate pros their take on the housing market now – … Read more
Mark Fleming Housing has become increasingly unaffordable to millions of Americans — with home prices and mortgage rates continuing to rise (see the lowest rates you may qualify for now here). So – as part of our series where we ask prominent economists and real estate pros their take on the housing market now – … Read more
Some real estate markets are more vulnerable to a downturn than others. Getty Images Six of the 10 counties most vulnerable to a downturn are in New Jersey, according to a Special Housing Risk Report — which looked at the highest concentrations of the most at-risk markets in the first quarter of 2022 — released … Read more
Rents will continue to rise, contributing to inflation, until the end of the year, economists say. With home prices and mortgage rates this high, many prospective homeowners are choosing to rent longer, opting to wait it out until prices normalize. But rents are also increasing, helped along by a housing-supply shortage that’s hiking the cost … Read more
Text size Federal Reserve Chairman Jerome Powell in June 2022. Kevin Dietsch/Getty Images Minutes from the Federal Reserve’s June 14-15 meeting reveal central bankers’ growing anxiety over inflation and plans to adopt a restrictive policy stance in order to cool rapidly rising prices. The minutes read hawkish. Major stock indexes, however, rose after the release … Read more
As part of our series where we ask prominent economists and real estate pros their take on the housing market now, we talked to Nadia Evangelou, senior economist and director of forecasting at the National Association of Realtors. National Association of Realtors The housing affordability crunch is here — with mortgage rates continuing to rise … Read more
As part of our series where we ask prominent economists and real estate pros their take on the housing market now, we talked to Nadia Evangelou, senior economist and director of forecasting at the National Association of Realtors. National Association of Realtors The housing affordability crunch is here — with mortgage rates continuing to rise … Read more
Good news — sort of. If you’re retired or just about to retire, next year’s Social Security checks are likely to see one of the biggest bumps on record as a result of surging consumer prices. The average beneficiary may be in line to get as much as $180 more a month starting next January, … Read more
US stock indexes pushed higher after a wobbly start Wednesday, leaving Wall Street potentially on to gain ground after back-to-back losses, as investors tune in to remarks by central bankers while fretting that soaring inflation is damaging the world’s biggest economy. How are stock indexes trading? The Dow Jones Industrial Average DJIA, +0.45% was up … Read more