Renowned economist Joseph Stiglitz has made headlines by urging the Federal Reserve to implement a half-point interest rate cut at its upcoming meeting. Stiglitz, a Nobel Prize laureate known for his insightful market analysis, criticized the U.S. central bank for its aggressive monetary policy tightening, which he believes has exacerbated the issue of inflation. According
Real Estate
The real estate market is experiencing a shift as the supply of homes for sale is on the rise. According to a recent report from Realtor.com, active listings in August saw a 36% increase compared to the same month last year, marking the 10th consecutive month of annual growth. Despite this positive trend, supply still
London landlords are facing a challenging time as they sell their buy-to-let properties at record rates. With anticipated tax hikes from the U.K. Labour government looming, many landlords are feeling the pressure to divest their once lucrative investments. Data published by property portal Rightmove shows that almost one-third of homes for sale in London were
When considering the cost of real estate in Manhattan, it’s hard not to be discouraged by the high prices. A 500-square-foot apartment in New York City may cost as much as $750,000, which is no small amount by any means. However, if you were to look elsewhere, such as in Sicily, Italy, you may find
Recent government stimulus and support measures in China have not been successful in bolstering the housing market, according to JPMorgan economist Haibin Zhu. Despite efforts to prop up the sector, Zhu predicts that the housing market crash is far from over, forecasting that home prices will not stabilize until at least 2025. Data from the
REA Group, which is owned by media mogul Rupert Murdoch’s News Corp, has recently announced its intention to potentially acquire the U.K. property portal Rightmove. This move aims to create a global digital real estate business, signaling a significant shift in the real estate market landscape. Following the announcement of a possible takeover offer, shares
In today’s society, owning has lost some of its allure for many Americans. The affordability factor, among others, has led to a shift towards renting various goods and services. Whether it’s cars, apartments, clothing, furniture, or even funeral caskets, renting has become a popular choice. According to a report by Intuit Credit Karma, 28% of
The American Dream of owning a home is becoming increasingly out of reach for many people due to the current state of the housing market. Rising mortgage rates and a limited supply of homes have driven prices up, creating a financial burden for potential buyers. The median sales price for homes continues to climb, making
In the midst of a time where mortgage interest rates were on the rise, the housing market experienced a milestone as home prices soared to the highest level ever recorded on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. Revealed by data released on Tuesday, prices nationally displayed a 5.4% increase on a three-month
The impending reauthorization deadline of the National Flood Insurance Program (NFIP) on September 30 is sending shockwaves through the real estate market. Consumers looking to buy, sell, or refinance their homes are facing uncertainty as Congress grapples with the decision to extend the program. Without an extension, the NFIP will be unable to issue new