Housing affordability drops to the lowest level since 1984
It’s an unwelcome blast from the past — home buyers are facing the most unaffordable housing market since the 1980s, according to a new report....
DoubleLine’s Gundlach warns stocks are ‘exhibiting signs of a mania’
“ “The stock market, frankly, is exhibiting signs of a mania, where you have a very concentrated part of the market’s that driving the entire...
Treasury Secretary Yellen warns of commercial real estate ‘issues’ that could strain banks
““I do think that there will be issues with respect to commercial real estate.”” — Treasury Secretary Janet Yellen, in an interview Wednesday with CNBC’s...
‘The U.S. housing market is crumbling under the weight of higher mortgage rates and rock-bottom affordability’: Prices fell the most in these U.S. states
Americans are finding it hard to afford homes at mortgage levels now beyond 7%, according to some measures. Home prices have begun to reflect that....
How the Fed is ‘collapsing’ real estate activity with higher interest rates
U.S. real estate has undergone a dramatic slowdown in transaction activity in the months since the Federal Reserve began jacking up interest rates. Sales of...
‘Wealth effect on steroids’: Here’s the potential fallout from $22 trillion lost by investors this year, according to BofA
Bank of America says a “wealth effect on steroids” may impact the U.S. economy as a result of the fall in the value of stocks...
‘Living paycheck-to-paycheck has become the norm’: Inflation takes its toll on American finances as emergency funds run dry
Inflation is taking its toll on people’s emergency funds. The share of workers who say they are living paycheck-to-paycheck has surged among middle- to high-income...
Biden has signed the Inflation Reduction Act. Here’s MarketWatch’s rundown of how it will affect your energy bills, investments and drug costs.
President Joe Biden on Tuesday signed into law the Inflation Reduction Act — the Democrats’ big economic package aimed at addressing climate change, capping drug...
Fed can’t stop hiking interest rates even if there is a recession, former top central banker says
The Federal Reserve has to emulate Mario Draghi and do “whatever it takes” to bring inflation down and that means continuing to raise interest rates...
Home builders slash prices and slow construction as buyers pull back, survey shows
Home builders are feeling jittery. That’s according to a June survey of home builder sentiment by John Burns Real Estate Consulting. Demand for new homes...