Published by FOX Business | April 1, 2024 The annual earnings required to afford a median-priced home, which Bankrate lists at $402,343, rose 46% between January 2020 and January 2024. Homes in the United States have become increasingly unaffordable during President Biden’s term in office, with one study showing that buyers in nearly half of the 50 …
Homes Have Become Less Affordable Since Biden Took Office Read More »
Published by The Center Square | March 14, 2024 A monthly mortgage payment for a typical U.S. home has nearly doubled since January 2020 The housing market is not immune from inflationary woes as buyer’s purchasing power has significantly diminished in four years. Home buyers in 2024 need 80% more income to purchase a home …
Home Buyers Need 80% More Income to Buy Than 4 Years Ago Read More »
Published by REALTOR.com | February 20, 2024 Fears of another recession striking have been mounting as the Federal Reserve has attempted to slow the U.S. economy down by raising interest rates. While the Fed’s rate increases brought the real estate market to a near halt and contributed to the scores of layoffs at some high-profile companies, it’s looking …
Would a Recession Clobber the Housing Market or Make It Affordable Again? Read More »
Published by Real Estate News | December 18, 2023 Even if the hoped-for economic “soft landing” isn’t so soft, don’t expect to see a wave of short sales and foreclosures this year. Though mortgage rate relief appears to be on the horizon, it’s still anyone’s guess which direction the housing market will go in 2024. The …
What Happens With Mortgages if There’s a Recession? Read More »
Published by FOX Business | December 26, 2023 Tax brackets to shift higher by 5.4% in 2024 Higher federal income tax brackets and standard deductions will take effect at the beginning of January, potentially giving Americans a chance to increase their take-home pay in 2024 and shield more of their income from the IRS. The …
Published by FOX Business | December 19, 2023 As the clock ticks closer to 2024, one outspoken economist is making a dire prediction about the markets in the new year. “Since 2009, this has been 100% artificial, unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. This is off the charts, …
U.S. Economist Predicts 2024 Will Bring ‘Biggest Crash of Our Lifetime’ Read More »
Published by Forbes.com | December 13, 2023 Biden has not won over voters, and one obvious culprit behind the economic pessimism is the housing market. Unemployment is low, economic growth is strong, inflation has moderated, and income inequality has declined for the first time since 2007. However, home sales are at lows not seen since 2008, and 2023 is on pace to …
Published by Forbes.com | November 27, 2023 The cost of housing has continued to rise, diving down affordability for the average American. Yet homebuying has held up. Inflation fears explain why. Housing has become increasingly expensive. According to the National Association of Realtors, mortgage rates on average have risen by more than a full percentage point over …
Inflation Fears Explain A Seeming Housing Market Mystery Read More »
Published by Breitbart News | November 15, 2023 Long past its painful peak, inflation in the United States may be heading steadily back toward its pre-pandemic levels, without the need for further interest rate hikes by the Federal Reserve Such a scenario became more likely, if hardly guaranteed, after Tuesday’s surprisingly tame report on consumer …
What’s Pushing Inflation Down? More Goods, Workers and Housing Read More »
Published by FOX Business | October 20, 2023 In a new ranking of global retirement systems, the U.S. notched a C+ grade that puts it on par with nations like Kazakhstan, Colombia, Spain and France. The new Mercer CFA Institute Global Pension Index, released Tuesday, rates retirement income systems across the world by using the …
U.S. Retirement System Earns Just a C+ in Global Study Read More »
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