The major county in America where home prices just dropped the most is …

The major county in America where home prices just dropped the most is …

Buyers may be starting to see home price drops in some areas. (Getty Images) Home buyers have watched as home prices marched upwards for the past few years, but now many of you will finally get some relief — at least in some spots. “Home price appreciation has slowed dramatically in most markets, and there … Read more

Central Banks’ Higher Rates, Bond Sales Clash With Government Needs

Central Banks’ Higher Rates, Bond Sales Clash With Government Needs

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UK Prime Minister Liz Truss Admits Mistake in Communicating Economic Plan

UK Prime Minister Liz Truss Admits Mistake in Communicating Economic Plan

LONDON—UK Prime Minister Liz Truss said that her government could have done a better job preparing financial markets for a surprise tax-cut plan funded by increased debt, but otherwise defended the package of economic measures. “We should have laid the ground better,” Ms. Truss said in an interview with the British Broadcasting Corp. on Sunday. … Read more

Britain’s Financial Disaster Is a Warning to the World

Britain’s Financial Disaster Is a Warning to the World

A toxic mix of politics, inflation and higher interest rates is threatening the financial system in the UK, sending a shock wave through global markets and providing a warning to governments everywhere of the dangers of the new economic era we are entering. A surprise tax cut by the new British government just over a … Read more

US will turn into a buyers’ housing marke in 2023, most experts say. Here’s where you’ll see the biggest declines.

US will turn into a buyers’ housing marke in 2023, most experts say.  Here’s where you’ll see the biggest declines.

Frustrated by the housing market? Housing experts say they’re expecting the market to tip back into buyers’ court by 2023, according to a new report. Mortgage rates are approaching 7%, but home prices are only slowly coming back down and inventory is still tight compared to pre-pandemic levels. Still, the US housing market will shift … Read more

US will turn into a buyers’ housing marke in 2023, most experts say. Here’s where you’ll see the biggest declines.

US will turn into a buyers’ housing marke in 2023, most experts say.  Here’s where you’ll see the biggest declines.

Frustrated by the housing market? Housing experts say they’re expecting the market to tip back into buyers’ court by 2023, according to a new report. Mortgage rates are approaching 7%, but home prices are only slowly coming back down and inventory is still tight compared to pre-pandemic levels. Still, the US housing market will shift … Read more

‘Painfully slow capitulation’: Why investors keep getting inflation wrong

‘Painfully slow capitulation’: Why investors keep getting inflation wrong

A brutal third quarter in financial markets came to a close on Friday and one thing is overwhelmingly clear: Inflation is the single most important factor driving asset valuations right now and yet few, if any, people are able to accurately predict where it’s likely to go. . The reason? Professional forecasters, policy makers and … Read more

Opinion: Reverse mortgages are mostly misunderstood — they can offer seniors a lifeline as markets sink

Opinion: Reverse mortgages are mostly misunderstood — they can offer seniors a lifeline as markets sink

If they own stocks or bonds, they might not want to sell with both markets crashing simultaneously. Or they may be out of options altogether and their home is their only valuable resource left. That’s when a home equity conversion mortgage comes into play. Most people think of reverse mortgages, as they’re commonly called, as … Read more

Opinion: Market instability replaces inflation as the biggest risk, raising the chances of a pivot by the Federal Reserve

Opinion: Market instability replaces inflation as the biggest risk, raising the chances of a pivot by the Federal Reserve

Market instability is the biggest risk to central banks globally, replacing inflation, owing to massive amounts of leverage. So far, the US Federal Reserve is fortunate because there’s low volatility in the stock market SPX, -2.11%, even though there’s a bear market. Market stability affords the Fed the space needed for the most aggressive rate-hiking … Read more

Why Are Companies Still Hiring When GDP Is Shrinking?

Why Are Companies Still Hiring When GDP Is Shrinking?

By Sarah Chaney Cambon Sept. 29, 2022 11:06 a.m. ET Listen to articles (2 minutes) A persistent economic puzzle is why labor is still so tight amid slowing growth, high inflation and growing fears of recession. Gross domestic product growth slipped into negative territory in the first half of the year. Borrowing costs have risen … Read more