[Yahoo!Finance, Getty Images] As Recession Watch heats up, executives and Wall Street pros are debating when — as opposed to if — the next official downturn could occur amid the one-two punch of elevated inflation and rising interest rates. “As people take on higher mortgage interest rates, that means that in the future, we’ll […]
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[Fortune, Bloomberg] Pittsburgh has been named the most affordable city for housing, as accommodation costs around the globe surge. Pittsburgh has been named the most affordable city for housing, as accommodation costs around the globe surge. Hong Kong, long the world’s most expensive city for housing, ranked bottom of the […]
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[Fortune] For months, the U.S. housing market has been plagued by a historically low inventory of homes for sale, which has increased competition and driven up prices to record highs. The housing market finally appears to be entering a cool-off period, with prices beginning to decelerate. But the number of homes […]
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[Yahoo Life!, Getty] As one of the last remaining Kmart stores prepares to close, nostalgic Kmart shoppers are taking to Twitter to share their favorite memories of shopping at the retail chain. Only three brick and mortar Kmart stores remain in the U.S., located in Miami, Fla., Westwood, N.J. and Bridgehampton, […]
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[The Motley Fool, Getty Images] KEY POINTS Rapid home price growth and development may be reaching its peak. Sales for both existing homes and new homes are declining. Higher mortgage rates and inflation are making already expensive homes even less affordable. You’re reading a free article with opinions that may […]
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[CNBC, Getty Images] “House poor” is a common expression used to describe people who are wasting too much money on housing, leaving them with too little to spend on everything else. But it can also refer to those who are getting too little housing bang for their buck. And now, […]
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[CNN Business] The bond market just flashed a warning sign that has correctly predicted almost every recession over the past 60 years: an inversion of the US Treasury note yield curve. An inverted yield curve is often seen as a signal that investors are more nervous about the immediate future […]
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[Fox Business] Housing market ‘staring into face of a perfect storm’: Jerry Howard National Association of Home Builders CEO Jerry Howard warned consumers Friday the housing market is currently “staring into the face of a perfect storm” and argued that is a “bad sign” for the American economy. “Our own Wells Fargo NAHB […]
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[CNN Business] London(CNN Business)Russia is breaking market rules left and right as its financial isolation deepens. The latest: Russia’s stock market reopened on Thursday after it was shuttered for a month. Under normal circumstances, there wouldn’t be much demand for shares in Russian companies considering they do most of their business in an economy that […]
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[SmartAsset, iStock Photo] We all know that only two things in life are truly certain: death and taxes. But just because taxes are an inevitable part of our society doesn’t mean you can’t limit how much you pay to Uncle Sam. Taxes on capital gains can eat up a significant portion […]
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