The 30yr fixed mortgage rate is back above 7% for the first time since early March. Housing affordability is the worst in decades. Those still searching for a beach home but don’t want to pay […]
Faltering California took another economic hit on Friday, as America’s largest personal lines insurer said it would immediately stop selling new home insurance policies in the state. California is the largest property and casualty insurance […]
Minnesota would accelerate its adoption of commercial building codes and put new large buildings on a path toward using 80% less energy by 2036 under legislation awaiting the governor’s signature. The building code measure […]
Luxury-home builder Toll Brothers (TOL) reported better-than expected second-quarter profits and revenue late Tuesday, buoyed by increased home deliveries and surging unit prices compared to 2022. Toll Brothers stock jumped late Tuesday after falling lower […]
There are increasing concerns about the severity of the downturn in the commercial real estate market. This week, Moody’s Analytics reported the first quarterly drop in CRE prices in over a decade. The most pressing […]
Federal Reserve Chair Jerome Powell said on Friday it is still unclear if US interest rates will need to rise further, as central bank officials balance uncertainty about the effect of past hikes in borrowing […]
Earning a six-figure income has long been a sign of success and financial stability for American workers. However, with high inflation and cost of living expenses, families who reach that yearly income could still be struggling financially — […]
While we already know that according to much-delayed CPI data, annual shelter inflation has just peaked at just under 9% annual growth, and will now be trending lower for the next 18-24 months. But […]
Airbnb (ABNB) reported solid first-quarter earnings growth late Tuesday, benefiting from the strong travel rebound in 2023. But Airbnb stock plummeted following results and a less-than-stellar forecast for the second quarter. Earnings jumped to 18 […]
Authored by Jeffrey A. Tucker via The Epoch Times (emphasis ours), There was something deeply demoralizing about the recent Mayoral election in Chicago, once among America’s greatest cities. The good news is that the catastrophic […]
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