Globally, debt and equity capital markets lost around $23 trillion of ‘wealth’ in Q2 as Putin’s invasion sent commodity prices higher, slammed stocks on recession fears, and central banks around the world engaged in policy-tightening to battle the inflationary monster at their doors.
Newsfeed: US Household Net Worth Crashed By Most Ever In Q2 Read More »
Hedge fund manager Kyle Bass’ private equity firm is placing big bets on land. Bass is buying tens of thousands of acres of Texas dirt which appears out of the norm for the hedge manager, considering he has wagered complex macro trades in financial markets for over two decades.
Newsfeed: Kyle Bass Acquires Texas Land As Boom Times Could ‘Last At Least A Decade’ Read More »
Young professionals are generally staying close to home, according to new research. The Census Bureau and Harvard University recently found that 80% of young adults live less than 100 miles from where they grew up. Meanwhile, just 10% had moved more than 500 miles away. This means that while big cities like New York and Los Angeles have been millennial hotspots for years, the tides may be changing.
Newsfeed: States Losing (And Gaining) The Most Rich Young Professionals – 2022 Edition Read More »
U.S. Treasury Secretary Janet Yellen on Thursday pledged to pursue tax increases for high-earning Americans in a bid to keep U.S. finances sound, as she gave a speech in Michigan on the Biden administration’s economic policies.
Less than a year after voters approved some of the strictest rent control measures in the country, the St. Paul, Minnesota, city council appears set to approve exemptions for new construction projects and other reforms opposed by activists.
Newsfeed: Economists win again as St. Paul revisits rent control policies Read More »
A majority of Americans, 56%, now say price increases are causing financial hardship for their household, up from 49% in January and 45% in November. The latest reading includes 12% who describe the hardship as severe and 44% as moderate.
Newsfeed: Inflation Now Causing Hardship for Majority in U.S. Read More »
Mortgage rates are up, so fewer people can afford to buy homes. That means additional demand for single-family rentals and apartments, right? Well, probably not. We’re increasingly skeptical of that prevailing view.
Newsfeed: Will Higher Mortgage Rates Boost Demand for Rentals? Probably Not. Read More »
Bank of America this week announced that it will be launching a mortgage option for first-time home buyers offering no down payments, no closing costs and no minimum credit score.
Bank of America this week announced that it will be launching a mortgage option for first-time home buyers offering no down payments, no closing costs and no minimum credit score.
Newsfeed: Mortgage demand falls even further, as rates shoot back up to July highs Read More »
Buyer beware: You may want to think carefully about that home purchase now, according to one expert. “From an affordability perspective, this might be the worst time you could buy because mortgage rates have spiked quite a bit,” Chistopher Mayer …
Newsfeed: Housing expert: ‘This might be the worst time you could buy’ Read More »