Economy

JPMorgan’s Mortgage Business Lays Off, Reassigns Hundreds of Employees as Rates Climb

Published by FOX Business | June 22, 2022 Average 30-year, conventional, fixed-rate mortgage hit 5.23% in May: Freddie Mac JPMorgan Chase’s mortgage business has become the latest casualty of layoffs as the Federal Reserve’s efforts to tame scorching-hot inflation send rates higher and dampen housing demand. A source familiar with the matter confirmed to FOX Business …

JPMorgan’s Mortgage Business Lays Off, Reassigns Hundreds of Employees as Rates Climb Read More »

EXPERT: Recession Could Lead to Decline in Home Prices

Published by FOX Business | June 21, 2022 Sales of existing homes slowed for the fourth straight month, according to the National Association of Realtors Chief Economist at Redfin Daryl Fairweather argued that a recession could coincide with a decline in home prices as prices continue to climb even while data reveals that sales have slowed. …

EXPERT: Recession Could Lead to Decline in Home Prices Read More »

Housing Starts Collapse in May As Inflation and Soaring Interest Rates Hit Hard

Published by Breitbart News | June 16, 2022 The pace of new home construction crashed 14.4 percent in May, according to the Commerce Department, as higher interest rates and high home prices drove away buyers and depressed home builder sentiment. Housing starts fell to an annual rate of 1.55 million and permits fell to 1.7 …

Housing Starts Collapse in May As Inflation and Soaring Interest Rates Hit Hard Read More »

Rent Prices Surge Nationwide in May, Texas City Hit Hardest

Published by FOX Business | June 10, 2022 Austin, Texas, saw rent prices surge nearly 50% while Nashville, Seattle saw prices climb 30% The median monthly asking rent nationwide exceeded $2,000 for the first time in May, according to recent Redfin data. Last month, median asking rent rose 15% from a year ago, reaching a record $2,002, the …

Rent Prices Surge Nationwide in May, Texas City Hit Hardest Read More »

Business, Government Leaders Explain Why People Are Moving to This U.S. State

Published by FOX Business | June 4, 2022 Montana Gov. Greg Gianforte acknowledged there are housing and other challenges that come with growth in population States like Montana, Idaho and Utah have been growing at a faster rate than much of the rest of the country, which political and business leaders in Montana attributed to both …

Business, Government Leaders Explain Why People Are Moving to This U.S. State Read More »

Survey: Inflation to Delay 25 Percent of Americans from Retirement

Published by Breitbart News | June 1, 2022 President Biden’s inflation is set to delay 25 percent of Americans from retirement, a recent BMO Real Financial Progress Index survey revealed. “As a result of inflation, 36% of Americans have reduced their savings and 21% have reduced their retirement savings. A quarter of Americans will need to …

Survey: Inflation to Delay 25 Percent of Americans from Retirement Read More »

What is Stagflation? Why Economists Are Worrying About a 1970s-style Catastrophe

Published by FOX Business | May 20, 2022 Stagflation is the combination of economic stagnation and high inflation, characterized by soaring consumer prices as well as high unemployment.  Soaring consumer prices, supply chain shocks, rising energy costs and a hawkish Federal Reserve determined to bring inflation under control: These are the worrisome attributes of the U.S. economy that have …

What is Stagflation? Why Economists Are Worrying About a 1970s-style Catastrophe Read More »

Regulators Propose First Major Revamp to Fair Housing Rules Since 1995

Published by CNBC | May 5, 2022 Bank regulators on Thursday proposed the first sweeping changes in more than 25 years to a controversial law aimed at increasing lending to low- and moderate-income communities. The changes would tailor the Community Reinvestment Act’s approach to making sure banks are not engaging in “redlining,” or refusing to …

Regulators Propose First Major Revamp to Fair Housing Rules Since 1995 Read More »

Powered by WishList Member - Membership Software

Scroll to Top
Malcare WordPress Security