If you’re a renter dreaming of homeownership in 2023, here’s the hard truth: It may be cheaper to remain a tenant, at least for now. Across the 50 largest metropolitan markets in the U.S., renters, wh...
Tag: Housing Issues
Move over Florida — Pennsylvania dominates ‘Best Places to Retire’ rankings
Sure, Florida still has some allure for retirees, but Lancaster, Pa. nabbed the top spot for the best retirement destination amid concerns about housing affordability. According to U.S. News & Wor...
China outnumbers the U.S. for the first time in this ranking of the world’s ‘best’ universities and U.S. economy will likely fall into recession, former Fed official says
Hi, MarketWatchers. Don’t miss these top stories. China outnumbers the U.S. for the first time in this ranking of the world’s ‘best’ universities Artificial intelligence is among the few fields that b...
Americans are souring on the housing market and California is now giving residents up to $1,050 of ‘inflation relief’ — here’s who is eligible
Hi, MarketWatchers. Don’t miss these top stories. September jobs report highlights major shift in white-collar work — as Labor Department plans changes to jobs questionnaire ‘The old question was beco...
Opinion: The Federal Reserve is missing a crucial turning point in its fight against inflation because it believes in flawed data
The Federal Reserve can’t see the probable economic crash that is coming because it’s still looking into the rearview mirror, where it sees nothing but high inflation. The danger arises because the co...
‘Social Bonds’ Help People. Investors in Them Get Paid.
When Rook Soto lost his law enforcement job in 2010 for health reasons, he had big medical bills and had to take temporary jobs to survive. For a month, he was homeless and lived out of a van. Soto ha...
Investors are snapping up homes at a furious rate — in some regions they bought up to 20% of houses for sale
First-time homebuyers who struggled to snag a property this past spring might have been competing with deep-pocketed investors. While the share of investor purchases has fallen from its February peak...
Hot Housing Market Keeps Home Foreclosures at Bay
The U.S. moratorium on home foreclosures ended nearly a year ago, but the sizzling housing market is still protecting many delinquent mortgage borrowers from losing their homes. The pandemic that wipe...
3 markets in which housing is more affordable than its historical average
Here’s where housing is relatively affordable. Getty Images Home prices have skyrocketed in recent years, with CoreLogic revealing in its latest report that home prices grew by 20.9% year over year in...
Foreclosure filings are up 132% from a year prior. Here’s what that means
What does the recent uptick in foreclosures mean for the housing market now? Getty Images When we were reading through real estate data this month, three stats caught our eye. The first: That the numb...
Is the Housing Market Going to Crash? With Rising Mortgage Rates and Sky-high Home Prices, First-Time Buyers Are Being Locked Out
When Kellie Stofko and her fiancé, Liam McRae, started house hunting last August, it was with the vision of trading their 800-square-foot Atlanta apartment for a roomier home of their own in time for ...
Foreclosures have jumped 70%. Here’s what that says about the housing market
The foreclosure uptick indicates that the economic — and especially employment recovery — is not complete, an expert says. Getty Images Foreclosures are up, and that’s something potential homebuyers a...
The Outlook for Housing, Malls, Workspaces, and Other Real Estate
Carly Tripp grew up playing in corn fields in Olney, Md., about 30 miles outside of Washington, D.C. But by the time she graduated high school, five grocery stores had popped up within a one-mile radi...
Opinion: The Fed is determined to stop wages from rising
AUSTIN, Texas (Project Syndicate)—Federal Reserve Chair Jerome Powell has now committed to putting monetary policy on a course of rising interest rates, which could boost the short-term rate (on feder...
Opinion: Opinion: Household wealth falls $13.5 trillion, second worst drop on record
American households lost about $6.8 trillion in wealth over the first three quarters of 2022 as the stock market SPX, -0.73% DJIA, -0.90% COMP, -0.70% shed more than 25% of its value, the Federal ...