First-Time Homebuyers Battling Rapid Decline in Affordability
Atlanta Federal Reserve reports U.S. households have to spend nearly 43% of their monthly income to afford the median home price
Economy
How The Second-Biggest Bank Collapse in U.S. History Happened in Just 48 Hours
Published by CNBC Finance | March 10, 2023 Customers withdrew a staggering $42 billion of deposits by the end of Thursday, March 9 2023, according to a California regulatory filing. Silicon Valley Bank was a well-capitalized institution seeking to raise some funds. Within 48 hours, a panic induced by the very venture capital community that …
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Fed Economist: U.S. Home Prices Could Plunge 20% Amid Risk of ‘Deep’ Housing Slide
Published by Fox Business | March 2, 2023 U.S. housing market faces affordability crunch, threat of ‘deep’ price slide U.S. home prices could tumble as much as 20 percent as the highest mortgage rates in two decades threaten to trigger a “deep global housing slide,” according to research from the Federal Reserve Bank of Dallas. …
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Here’s Why Renters Need To Work More Hours To Afford Rent
Published by Forbes.com | January 31, 2o23 Only in 10 of the 50 largest U.S. cities can two full-time workers earning minimum wage comfortably afford a typical two-bedroom rental. Nationally, four minimum-wage workers would have to double up in both bedrooms to not stretch their budgets, finds a new Zillow analysis shining a light on …
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Poll: 1 in 4 Millennials Say Parents Cover Their Rent
Published by Breitbart News | January 27, 2023 Roughly a quarter of millennials say their parents cover their rent, and 35 percent of U.S. adults say their parents still pay for at least one of their bills, a new poll found. The New York Post reported on the survey Friday, which was conducted with 2,000 Americans by OnePoll …
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Why The Renters Bill Of Rights Won’t Help Much
Published by Forbes.com | January 25, 2023 A set of principles may be good in concept, but they don’t come close to addressing the big problems of skyrocketed rents or the imbalance of power between landlords and tenants. The Biden administration released its promised game plan to “protect renters and promote rental affordability.” The accompanying White House Blueprint …
Texas, Florida, Carolinas Among Most Moved To States in 2022
Published by FOX Business | January 14, 2023 Moving companies say some hot spots are Texas, Florida, and the Carolinas. It’s a trend that’s continued since the pandemic; many Americans are moving to a different state. Moving companies say some hot spots are Texas, Florida, and the Carolinas. One moving company says retiring Baby Boomers are …
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Luxury Home Sales Crash 38% in Record Decline amid Economic Woes
Published by Breitbart News | January 2, 2023 Luxury home sales took a significant plunge recently as the nation grapples with economic problems. Sales of luxury homes fell 38.1% year over year during the three months ending November 30, 2022, the biggest decline on record, according to a new report from Redfin, a technology-powered real …
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U.S. Suffering From The Second Biggest Home Price Correction Of The Post-WWII Era
Published by FOX Business | December 30, 2022 55% of Americans say they cannot afford to buy their home in today’s market, according to the CATO Institute 2022 Housing Affordability National Survey The U.S. housing market is experiencing its second-biggest home price correction of the post-World War II era. Macro Trends Advisors founding partner Mitch Roschelle …
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The 5 Most Tax-Friendly States for Retirement In 2023
Published by FOX Business | December 20, 2022 Making a move in the 2023 new year could save some folks a bundle in taxes The work-from-home trend brought on by the pandemic caused many Americans in high-cost-of-living areas to uproot and move to more affordable states, using the flexibility to create more room in their …
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