Homes are now 44% more expensive than they were prior to the pandemic

Homes are now 44% more expensive than they were prior to the pandemic, per Redfin. New homeowners won’t see a profit for over a decade, per Axios. “Mortgage rates will not go back to 3% – we’ll be lucky if we get back to 5,” per NAR chief economist

Sam Bankman-Fried aspired to become president of the United States

Sam Bankman-Fried aspired to become president of the United States, Caroline Ellison said. Sam Bankman-Fried, the embattled cryptocurrency magnate currently facing federal trial for fraud and money laundering charges, paid NFL legend Tom Brady a staggering $55 million for what can only be described as minimal work conducted over a

1.8 million Americans lost their millionaire status in 2022

1.8 million Americans lost their millionaire status in 2022, according to UBS' 2023 Global Wealth Survey. In the previous year, over 3.5 million individuals saw their "dollar millionaire" status erode, marking the first global wealth decline since the 2008 financial crisis. The UBS annual wealth

Elon Musk has said: A large number of people are living paycheck-to-paycheck and with a lot of debt

Elon Musk has said: A large number of people are living paycheck-to-paycheck and with a lot of debt. They've got credit card debt, mortgage debt. How detached from reality does the work-from-home crowd have to be while they take advantage of those who cannot work from home, ELon

New homeowners won’t see a profit for over a decade

New homeowners won’t see a profit for over a decade, per Axios. “Mortgage rates will not go back to 3% – we’ll be lucky if we get back to 5,” per NAR chief economist Lawrence Yun. The qualifying yearly income for a median-priced house in 2020 was $49,680.

Loneliness and inflation are pushing Gen Z away from dating

Loneliness and inflation are pushing Gen Z away from dating, per BI. In a recent analysis of data provided by the Bank of England, Bloomberg discovered a surge in inflation expectations among the youth of the United Kingdom. This is noteworthy as historically, the younger demographic held lower inflation expectations

Home buyers are backing out of deals at the highest rate in a year

Home buyers are backing out of deals at the highest rate in a year, per BI. In September, there was a significant increase of 16.6% in monthly pending home sales falling out of a contract, marking the highest rate since October 2022 when mortgage rates surged past 7%. Buyers

House GOP unveils $14.3 billion Israel aid bill that would cut funding to IRS

House GOP unveils $14.3 billion Israel aid bill that would cut funding to IRS, per CBS. On Monday, House GOP unveiled a standalone bill with a price tag of $14.3 billion, aiming to fund assistance for Israel by reducing an equivalent amount of funding allocated to the Internal

Tech billionaire Peter Thiel was an FBI informant

Tech billionaire Peter Thiel was an FBI informant, per BI. Business Insider, a major U.S. business publication and subsidiary of the German publisher Axel Springer SE, has reported that Peter Thiel, a U.S. billionaire, venture capitalist, and co-founder of PayPal, may have been an FBI informant. According to

The National Association of Realtors and the HomeServices of America have been found guilty of colluding to inflate or maintain high commission rates

The National Association of Realtors and the HomeServices of America have been found guilty of colluding to inflate or maintain high commission rates, and have been ordered to pay damages of $1.78 billion. A Kansas City jury has rendered a verdict in the Sitzer/Burnett buyer broker commission lawsuit,

Americans spent money at the fastest rate in nearly two years last quarter

Americans spent money at the fastest rate in nearly two years last quarter, per Bloomberg. A recent stream of data from the U.S. government has illuminated a clear trend: Consumer spending is surging and propelling strong economic growth. This resilience has confounded economists, Federal Reserve officials, and even the

Minnesotans are the least stressed out people in America

Minnesotans are the least stressed out people in America, per CNBC. The 10 least stressed out states in America, per CNBC. 1. Minnesota 2. Utah 3. New Hampshire 4. South Dakota 5. Massachusetts 6. Iowa 7. New Jersey 8. Connecticut 9. North Dakota 10. Virginia In a separate WalletHub study

X, formerly Twitter, is now valued at $19 billion, per Fortune

X, formerly Twitter, is now valued at $19 billion, per Fortune. This down about 55% from the $44 billion that Elon Musk paid to buy the firm a year ago, according to internal documents seen by The New York Times. Musk paid $54.20 a share to buy Twitter just

How detached from reality does the work-from-home crowd have to be while they take advantage of those who cannot work from home, per Elon Musk

How detached from reality does the work-from-home crowd have to be while they take advantage of those who cannot work from home, ELon Musk has said. He said: “Like, what about all the people that have to come to the factory and fill the cars, or all [the] people that

Salary increases are not keeping up with the cost of living increases, per J.P. Morgan

Salary increases are not keeping up with the cost of living increases, per J.P. Morgan. Per CNBC:  40% of Americans say they feel “financially unhealthy, per CNBC. Some 58% of Americans feel that their quality of life is decreasing. 69% say their salary is not keeping pace. Here’s

Elon Musk has said he wants X to be a dating app

Elon Musk has said he wants X to be a dating app, per BI. Elon Musk has said that X will handle anything in your life that deals with money, "someone's entire financial life," per the Verge. He has reportedly given a year for this goal,

“Mortgage rates will not go back to 3% – we’ll be lucky if we get back to 5,” per NAR chief economist Lawrence Yun

“Mortgage rates will not go back to 3% – we’ll be lucky if we get back to 5,” per NAR chief economist Lawrence Yun. The qualifying yearly income for a median-priced house in 2020 was $49,680. Now it’s more than $107,000, according to the NAR Morgan Stanley

Of the homeowners who bought a property in the past year, 46% indicate that they are struggling to manage their monthly mortgage payments due to high interest rates

Of the homeowners who bought a property in the past year, 46% indicate that they are struggling to manage their monthly mortgage payments due to high interest rates, per USA Today. o make housing affordable, and if rates stay at 8% and prices stay at current levels, income needs to

Billionaire Ken Griffin is building himself the world’s most expensive home

Billionaire Ken Griffin is building himself the world’s most expensive home, per NYP. Back in 2019, the CEO and founder of Citadel made headlines when he dropped a jaw-dropping $238 million on a penthouse in New York City, setting the record as the highest residential property purchase in the

Elon Musk has said that X will handle anything in your life that deals with money, "someone's entire financial life"

Elon Musk has said that X will handle anything in your life that deals with money, "someone's entire financial life," per the Verge. He has reportedly given a year for this goal, per the Verge. Elon Musk, the owner of X, is endeavoring to shape a

The average monthly mortgage payment is a whopping 52% higher than the average monthly rent on a house or apartment, the highest amount since the 2008 housing crash

The average monthly mortgage payment is a whopping 52% higher than the average monthly rent on a house or apartment, the highest amount since the 2008 housing crash, per WSJ. Most US mortgages are at rates below 4%, per Bloomberg. Many Americans who desire to relocate are confined to their

This time last year, Bloomberg said there would 100% be a recession

This time last year, Bloomberg said there would 100% be a recession, per Bloomberg. In October, Per Bloomberg Bloomberg economists Anna Wong and Eliza Winger say the chances of a recession happening within 12 months is up 100% compared to its previous update of 65%. Another survey found that 42

To make housing affordable, and if rates stay at 8% and prices stay at current levels, income needs to increase by 63%

To make housing affordable, and if rates stay at 8% and prices stay at current levels, income needs to increase by 63%, per the NAR. Morgan Stanley reverses course on the housing market, seeing a lot more pain ahead for homebuyers. The current housing market is facing challenges not seen

A lawsuit accuses Abercrombie & Fitch of funding sex-trafficking operation

A lawsuit accuses Abercrombie & Fitch of funding sex-trafficking operation, per BBC. Per Reuters: A group of once-aspiring Abercrombie & Fitch models on Friday sued the retailer and its former chief executive officer, Michael Jeffries, alleging the company had benefited from a sex trafficking operation led by Jeffries. Former model

Russia is executing soldiers who try to retreat from a bloody offensive in eastern Ukraine

Russia is executing soldiers who try to retreat from a bloody offensive in eastern Ukraine, the White House has said. The United States has stated that some of the Russian casualties near Avdiivka were inflicted "on the orders of their own leaders." Since mid-October, Russian and Ukrainian forces