Economy 12 | Paper Source Online

Struggling Homeowners Can Get Between $15k and $80k From Pot of Federal Money

Published by CNBC | March 4, 2022 While many homeowners are on their way toward financial recovery after the worst days of the pandemic, the need for help continues. Most of the pandemic-era forbearance options for struggling homeowners have come to an end, but a pot of money allocated by Congress is still available for those who need …

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How Russia-Ukraine War Could Affect U.S. Housing, Economy

Economy / By W. J. Mencarow

Published by REALTOR Magazine | February 25, 2022 Economists are warning that the U.S. housing market should brace for some possible changes in consumer behavior. Russian airstrikes battered Ukrainian cities this week, and the conflict is being felt around the globe. Financial markets worldwide likely will feel the impact from the Russian invasion of Ukraine, …

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Housing Inflation, Supply Chain Create Builders’ Perfect Storm

Economy / By W. J. Mencarow

Published by FOX Business | February 17, 2022 Lumber prices over the past year added over $18,600 to the average price of a new single-family home Like many consumers, U.S. homebuilders are feeling an inflation pinch as the industry stares down rising costs and ongoing supply chain delays. “The No. 1 problem right now is increased …

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Former Reagan Economist Issues Dire Warning on Inflation

Economy / By W. J. Mencarow

Published by FOX Business | January 31, 2022 Art Laffer argues that inflation is ‘not under control yet’ and that ‘the Fed is doing everything wrong.’ Former Reagan economist Art Laffer issued a dire warning for the U.S. economy, arguing on Monday that it is “tipping into a slowdown” and that a recession in 2023 is …

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Pending Home Sales Shock with 6.9% Collapse

Economy / By W. J. Mencarow

Published by Breitbart News | January 27, 2022 The downturn largely reflects an extremely low supply of homes for sale. Pending home sales defied predictions of a rebound at year-end, falling by 3.9 percent compared with a downwardly revised November estimate, data from the National Association of Realtors showed Thursday. Compared with a year ago, …

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How Inflation Will Impact Your 2022 Taxes

Economy / By W. J. Mencarow

Published by FOX Business | January 7, 2022 Inflation is back, at least for now, and that matters for your taxes. In November, inflation rose 6.8% from a year earlier, nearly a four-decade high as measured by the Labor Department’s consumer price index. For new cars (up 11%) and fast-food restaurants (up 7.9%), the jump in …

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Equifax Adding ‘Buy Now, Pay Later’ Payments to Credit Reports

Behind The News, Economy / By W. J. Mencarow

Published by Newsmax | December 31, 2021 The credit bureau is one of the largest in the U.S. and will begin recording BNPL installment plans on reports in early 2022. Equifax announced this month that payments on ”buy now, pay later” (BNPL) loans would be added to credit reports next year. The credit bureau is one of …

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Analysis: Surging Inflation Will Cost Most U.S. Households $3,500 This Year

Economy / By W. J. Mencarow

Published by FOX Business | December 15, 2021 It’s unclear when consumers can expect to see inflation begin to slow, with prices for an array of goods continuously climbing higher. The hottest inflation in nearly four decades will cost millions of Americans an additional $3,500 in expenses this year, according to a new analysis published on …

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