Economy

Survey: Homeowners Skipping Meals to Make Monthly Payments

Published by FOX Business | November 18, 2024 Over 20% delayed or skipped medical treatments to afford housing payments The majority of U.S. residents earning less than $50,000 a year are struggling to afford their regular mortgage or rent payments, with some resorting to skipping meals just to make ends meet, according to a Redfin survey. …

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Cost-Of-Living Crisis Kicks Off The Harris-Trump Debate

Published by FOX Business | September 10, 2024 Inflation and affordable housing loomed large during the Harris-Trump presidential debate Former President Trump and Vice President Harris led off the high-stakes presidential debate Tuesday with a discussion about the cost-of-living crisis and economic challenges Americans are facing. The first faceoff between the two, held in Philadelphia …

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How Other Industries Shape the National Real Estate Market

Published by ThinkRealty | August 19, 2024 Key industries shape the nationwide real estate market, and savvy real estate professionals will make a point to understand the ripple effects. Experienced real estate professionals know firsthand how various industries influence the real estate sector. From technology and finance to construction and environmental sustainability, the interplay between …

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Vance Backs Trump on President Influencing Federal Reserve Decisions

Published by Fox Business | August 11, 2024 Vance’s remarks come after former President Trump said the president should ‘have at least [a] say’ over Fed policy moves Former President Trump’s vice presidential nominee Sen. JD Vance, R-Ohio, said on Sunday that he backs Trump’s call for presidents to have a say in the Federal …

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Home Valuations Are Rising Faster Than Incomes. Here’s Why That Could Hurt Homeowners’ Wallets

Published by CNBC | August 2, 2024 More than 1 in 4 homeowners with mortgages are considered “cost-burdened,” according to a 2023 analysis by the Chamber of Commerce. Record inflation may have people questioning whether homeownership is still a good investment. Home prices have been rising faster than incomes, which can be a problem for …

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Home Affordability Just Hit Its Lowest Point Since 2007

Published by REALTOR.com | July 3, 2024 Expenses associated with owning a home—including the mortgage, homeowners insurance, and real estate taxes—now take up 35.1% of a homeowner’s take-home pay Home affordability is at its lowest point since 2007, according to a new report from ATTOM Data Solutions. Expenses associated with owning a home—including the mortgage, …

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BOA: Housing Market To Remain ‘Stuck’ Until At Least 2026

Published by CNBC | June 25, 2024 The housing market is unlikely to recover for several years and affordability won’t get any better unless a recession hits, according to Bank of America economists. In a mostly pessimistic outlook on the sector, the bank sees a variety of factors lining up against both a major improvement …

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IRS Plans To More Than Double Its Audit Rate of Wealthy Taxpayers

Published by FOX Business | May 3, 2023 IRS also plans to nearly triple audit rates on large corporations with assets over $250M The IRS is planning to ramp up audit rates of wealthy Americans and large corporations as part of its sweeping effort to crack down on tax cheats. The tax-collecting agency aims to …

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Surge in Home Insurance Costs Adding More Inflation Pressure on Americans

Published by FOX Business | April 24, 2024 Rising home insurance rates are crushing U.S. families The astronomic rise in mortgage rates and spike in home prices over the past year have pushed a key tenet of the American dream out of reach for millions of families. Now, there is another obstacle to homeownership: higher …

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