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
The demand for Series I bonds, an inflation-protected and nearly risk-free asset, has skyrocketed as investors seek refuge from soaring prices and stock market volatility. While annual inflation rose by 8.6% in May — the highest rate in more than four decades, according to the US Department of Labor — I bonds are currently paying … 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
A Social Security Administration office in San Francisco. Getty Images The clock is ticking when it comes to implementing changes to shore up Social Security’s funds, which will not be able to pay full benefits in 13 years’ time. Potential voters are aware of the program’s woes, according to a June survey by Social Security … Read more
During times of uncertainty, it can help to look at what happened during other down cycles for stocks. True, we don’t know when the stock market will hit bottom during this cycle, or if it already has. But you might want to tilt toward a sector that has fared well during previous downturns. You might … 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
mixetto | E+ | Getty Images Workers are still reaping the benefits of a hot job market characterized by few layoffs, ample job openings and a high level of voluntary departures, according to US Department of Labor data issued Wednesday. The numbers reveal that the pandemic-era trend known as the “Great Resignation” is still in … Read more
Worried about what your financial situation will look like in a year — or even in a few months — from now? With all the concerns about economic growth, it’s reasonable to be worried about a potential recession. But the key is to start preparing now so that you’re in the best position with your … Read more
If you can even find a new car to buy, actually purchasing it is going to cost you. “It’s a really difficult time to buy a car,” said Jessica Caldwell, executive director of insights for Edmunds. Limited inventory due to a persistent shortage of computer chips, along with other supply-chain challenges, helped propel new car … Read more