Opinion: The Federal Reserve is missing a crucial turning point in its fight against inflation because it believes in flawed data

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 consumer price index and the personal consumption expenditure price index — the two most important inflation gauges — have a fatal flaw in … Read more

US existing-home sales fall for the seventh straight month in August and the Fed is about to inflict ‘some pain’ with a 75-basis-point rate hike — here’s how to prepare your wallet and your portfolio

US existing-home sales fall for the seventh straight month in August and the Fed is about to inflict ‘some pain’ with a 75-basis-point rate hike — here’s how to prepare your wallet and your portfolio

Hi, MarketWatchers. Don’t miss these top stories. Brace yourself: The Fed is about to inflict ‘some pain’ with a 75-basis-point rate hike. Here’s how to prepare your wallet and your portfolio. This marks the Federal Reserve’s third 75-basis-point rate hike this year. Read More US existing-home sales fall for the seventh straight month in August … Read more

Mortgage rates hit 6.29%, Freddie Mac says and rents fell in August for the first time since November 2021

US existing-home sales fall for the seventh straight month in August and the Fed is about to inflict ‘some pain’ with a 75-basis-point rate hike — here’s how to prepare your wallet and your portfolio

Hi, MarketWatchers. Don’t miss these top stories. Rents fell in August for the first time since November 2021, but tenants are still struggling. Here’s why. Rents dropped from July to August, and annual growth appears to be slowing down. Read More How much should I tip my housekeeper? My husband says that we should tip … Read more

‘We’re seeing a complete reversal of market conditions in just 12 months’: Rents fell from July to August — the first decline in nearly two years

‘We’re seeing a complete reversal of market conditions in just 12 months’: Rents fell from July to August — the first decline in nearly two years

At last, a glimmer of hope for tenants: asking rents for apartments fell actually between July and August, according to a new Apartments.com analysis — breaking a 20-month growth streak. “We’re seeing a complete reversal of market conditions in just 12 months, going from demand significantly outstripping available units to now new deliveries outpacing lackluster … Read more

Why 20 million US homes are struggling to pay their utility bills and white-collar graduates are vulnerable to recession and need to get smart when applying for jobs

US existing-home sales fall for the seventh straight month in August and the Fed is about to inflict ‘some pain’ with a 75-basis-point rate hike — here’s how to prepare your wallet and your portfolio

Hi, MarketWatchers. Don’t miss these top stories. Weekend reads: The Federal Reserve’s Powell lowers the boom, predicting ‘pain’ across the US Also, stock picks for bears and bulls, the housing slowdown and another view on “quiet quitting.” Read More ‘The empty house felt both familiar and alien. I was overcome with grief.’ The long goodbye: … Read more

Housing’s ‘great slowdown’ is here, as mortgage originations and spending fall, Bank of America says and these cost-effective cooking tips won’t leave you with an empty stomach — or wallet

US existing-home sales fall for the seventh straight month in August and the Fed is about to inflict ‘some pain’ with a 75-basis-point rate hike — here’s how to prepare your wallet and your portfolio

Hi, MarketWatchers. Don’t miss these top stories. This startup founded by former Airbnb employees lets you try out vacation homes before you buy them Try before you buy: second-home edition. Read More Housing’s ‘great slowdown’ is here, as mortgage originations and spending fail, Bank of America says A new report from the Bank of America … Read more

1 in 3 people say they overspent on travel rewards credit cards to earn sign-up bonuses and this is the No. 1 complaint against US airlines

US existing-home sales fall for the seventh straight month in August and the Fed is about to inflict ‘some pain’ with a 75-basis-point rate hike — here’s how to prepare your wallet and your portfolio

Hi, MarketWatchers. Don’t miss these top stories. ‘I love Tucson. It’s a progressive place in a red state’: But I want to be near my daughter in Brooklyn. Should I sell my home and buy in New York — or rent? ‘I’d like to be a snowbird.’ Read More 1 in 3 people say they … Read more

End of New York City Tax Incentive Imperils Apartment Construction

End of New York City Tax Incentive Imperils Apartment Construction

New York City’s multifamily development faces an unsettled future following the expiration of the main tax incentive for affordable housing, real-estate investors and analysts say. The Affordable New York tax provision, commonly known as 421a, offered a property tax exemption for housing projects in New York City that include a percentage of units earmarked for … Read more

‘Peak inflation is not here yet’: Rents continue to rise, putting pressure on would-be homebuyers. That’s bad news for the Fed.

‘Peak inflation is not here yet’: Rents continue to rise, putting pressure on would-be homebuyers.  That’s bad news for the Fed.

Rents will continue to rise, contributing to inflation, until the end of the year, economists say. With home prices and mortgage rates this high, many prospective homeowners are choosing to rent longer, opting to wait it out until prices normalize. But rents are also increasing, helped along by a housing-supply shortage that’s hiking the cost … Read more

New York City Apartment Buildings to Sell for $1.75 Billion in Record Pandemic Deal

New York City Apartment Buildings to Sell for .75 Billion in Record Pandemic Deal

A venture of a New York investment firm and a US residential developer has agreed to pay $1.75 billion for six Manhattan rental apartment buildings, according to people familiar with the matter, the highest price tag for a New York multifamily portfolio since the beginning of the pandemic . The planned purchase of the portfolio, … Read more