Economy

Rent On The Rise: U.S. Markets Where Prices Rose Fastest In August

Economy, Rental Property / By

Published by FOX Business | September 24, 2022 Cincinnati saw the biggest jump among the 50 most populous metros Renters are facing higher costs as lease prices reached record highs in August. The national median asking rent climbed 11% year-over-year, though some areas saw increases more than double that. For instance, asking rents in Cincinnati, Ohio, …

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Existing Home Sales Fall in August, and Prices Soften Significantly

Economy / By

Published by CNBC | September 21, 2022 Sales of previously owned homes fell 0.4% in August from July to a seasonally adjusted annualized rate of 4.80 million units, according to the National Association of Realtors That is the slowest sales pace since May 2020, when activity stalled very briefly due to the start of the …

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Nearly One Quarter of Home Builders Cutting Prices as Confidence Falls for Ninth Straight Month

Economy / By

Published by Breitbart News | September 19, 2022 Builder sentiment fell for the ninth straight month in September as rising interest rates, supply chain disruptions, and high home price weighed on affordability. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released Monday fell three points to 46. Anything below 50 indicates that …

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These Housing Markets Are The Most Vulnerable In Recession

Economy / By

Published by FOX Business | September 16, 2022 Housing markets in the New York City and Chicago areas, in particular, were most vulnerable New Jersey, Illinois and inland California have the highest concentrations of the housing markets that are most vulnerable in an economic downturn due to high unemployment rates and low affordability, according to a …

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Supply Chain Issues Plaguing Lumber Distributors, Home Improvement Companies

Economy / By

Published by FOX Business | September 13, 2022 One lumber distributor is paying over six times as much for plywood compared to three years ago Issaquah Cedar and Lumber, located just outside of Seattle, gets wood shipped in from Canada. During the COVID-19 pandemic, however, suppliers struggled with staffing shortages and stopped taking orders. With less supply, …

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IRS Refunding $1.2B in Late-Filing Penalties; Here’s How to Collect

Behind The News, Covid-19, Economy / By

Published by FOX Business | September 12, 2022 IRS: Most late-filing refunds will be issued by the end of September The Internal Revenue Service is sending refunds to more than a million Americans who filed their taxes late in the early days of the COVID-19 pandemic – but time is running out for taxpayers to collect …

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High Mortgage Rates Are Driving People to Rentals, Tightening Supply

Economy, Rental Property / By

Published by FOX Business | August 23, 2022 Rent prices across the country have been taking a significant bite out of consumer budgets with some renters getting hit particularly hard over the past year. Pamela Liebman, president and CEO of The Corcoran Group, discussed the real estate market on Tuesday, stressing that the sticker shock for rents …

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