Economy

It’s Easy To Blame Private Equity For Housing Shortage, But Crisis Has Deeper Roots

Economy / By

Published by Forbes.com | June 28, 2022 Corporate investors have purchased hundreds of thousands of single-family homes. Experts say that’s a symptom–not a cause–of a housing shortage that’s been more than a decade in the making. The U.S. is in the midst of a housing supply crisis, with rents skyrocketing and the number of first-time …

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

Economy, Interest Rates, Mortgages / By

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 …

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EXPERT: Recession Could Lead to Decline in Home Prices

Economy, Mortgages / By

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. …

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

Economy, Interest Rates / By

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 …

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Rent Prices Surge Nationwide in May, Texas City Hit Hardest

Economy, Rental Property / By

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 …

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

Economy / By

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 …

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Survey: Inflation to Delay 25 Percent of Americans from Retirement

Economy, Investments / By

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 …

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