[Acorns, Twenty/20] It is not surprising sellers are opting to rent, due to the all-time high housing prices. The housing market is red-hot and showing few signs of slowing down. Home prices were at a median $386,888 in June, according to Redfin, up 24% since last June. And demand is high: The average […]
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[Business Insider, Getty] Rich Americans, millennials, and Wall Street are keeping US home prices permanently higher. Demand is strong as the wealthy and investors scoop up homes at historically high prices. A wave of millennial demand can boost prices even higher, and builders aren’t rushing to step in. The housing […]
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[CNBC] Sales of new single family homes fell to an annualized rate of 676,000, 6.6% below May’s rate of 724,000 and 19.4% below the June 2020 level of 839,000. The median price of a newly built home in June rose just 6% from June 2020 The inventory of new homes […]
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[FOX Business] Amazon is asking landlords around the country to let them install a device to get into lobbies Constellation Research founder Ray Wang on Amazon’s ‘growth spree’ and future winners in Big Tech. Amazon.com Inc. is on a mission to gain access to the front lobbies of apartment buildings across the U.S., […]
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[Business Insider] This summer is the best time to be looking for a new job. Employers are looking to woo workers with signing bonuses and other perks. Insider’s compiled a helpful guide for anyone searching for a new role this summer. The job market is on fire right now. After […]
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[Illinois Policy, AP] Historic unemployment payouts related to the COVID-19 shutdowns left Illinois’ fund billions in the hole. State leaders did nothing to fix it, meaning there could be reduced benefits for the unemployed or higher taxes on employers trying to recover. Illinois business leaders are worried after Springfield lawmakers […]
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New York (CNN Business) The US economy has come a long way since last year’s devastating downturn. But a return to “normal” may not be possible. The Back-to-Normal Index created by CNN Business and Moody’s Analytics stands at 93% as of June 18, a new pandemic-era high. The index is comprised of 37 […]
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[Go Banking Rates, Getty/iStock] Earning extra money on the side can be easy when you know what types of opportunities to look for. Whether you want to pay off student loan debt, start saving for a big-ticket purchase or build up a fund for the future, finding one of the best […]
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[CBS NEWS] For two years, John White has been trying to get a permanent job at the company where he’s a contractor, but his applications to open positions there have been rejected five times. Company policy forbade contractors from working remotely during the pandemic, so even while his colleagues worked […]
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[MarketWatch, iStock] There’s one group of borrowers that can count themselves as ‘lucky’ during periods of inflation Higher prices for rental cars, airplane tickets and uncooked beef roasts have economists and consumers wondering whether we’re living through the start of an inflationary period. It remains to be seen whether these price hikes […]
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