Home prices will still appreciate for the next three years due to low inventory

Home prices will still appreciate for the next three years due to low inventory, per the MBA. The Mortgage Bankers Association (MBA) anticipates that housing demand will recover after a period of mild recession and subsequent decreases in current high mortgage rates. According to the MBA's housing market

In the US, among young homebuyers under 35, 23% used a cash gift from family members and 21% used inheritance money for their down payment

In the US, among young homebuyers under 35, 23% used a cash gift from family members and 21% used inheritance money for their down payment, per Redfin. Around 38% of individuals below the age of 30 who are purchasing their first homes heavily relied on financial assistance from family members

An Airbnb, $ABNB, operator says he's facing losses of hundreds of thousands of dollars because of British Columbia, Canada's new short-term rental laws

An Airbnb, $ABNB, operator says he's facing losses of hundreds of thousands of dollars because of British Columbia, Canada's new short-term rental laws, per CBC. Steve Nguyen manages two Airbnb units in a downtown Victoria apartment building, one of which is themed and pays homage

Russian President Vladimir Putin suffered a cardiac arrest in the presidential bedroom, where he was found lying on the floor of his bedroom next to overturned food and drinks about 905pm on Sunday, and regained consciousness

Russian President Vladimir Putin suffered a cardiac arrest in the presidential bedroom, where he was found lying on the floor of his bedroom next to overturned food and drinks about 9.05pm on Sunday, and regained consciousness, per unconfirmed rumors by Sky News. The group of insiders has additionally asserted

US activates deployment of defense systems 'throughout' Middle East

The Pentagon increased US military readiness in the Middle East due to recent escalations involving Iran and its proxy forces in the region. Secretary of Defense Lloyd Austin activated air defense systems and informed additional forces that they might be deployed soon. The specific number of additional US troops to

Last year, only 17% of Americans got a fall Covid booster; so far this year, it's under 3%

Last year, only 17% of Americans got a fall Covid booster. So far this year, it's under 3%, per Bloomberg. In a dire worst-case scenario, an expedited campaign for variant-specific booster shots would be a more effective means of saving lives compared to an annual autumn

US housing market is so expensive that home prices would have to crash 35% or mortgage rates drop four percentage points to make it considered affordable

US housing market is so expensive that home prices would have to crash 35% or mortgage rates drop four percentage points to make it considered affordable, per BI. It's now cheaper to rent than buy a home, and the gap hasn’t been this big since at least

A universal basic income is being considered by Canada's government

A universal basic income is being considered by Canada's government, per VICE. On October 17, the Senate's national finance committee is scheduled to examine a bill, as per a press release from Ontario Senator Kim Pate's office. The bill, which mirrors a counterpart in

China's wealthy are handing their money to strangers at illegal underground banks to get their money out of the country

China's wealthy are handing their money to strangers at illegal underground banks to get their money out of the country, per Bloomberg. Following the reopening of international borders after the pandemic, advisors catering to affluent individuals have reported a surge in demand for overseas contingency plans. Heightened concerns

Taylor Swift's Eras Tour gave a $5.7 billion boost to the US economy, per WaPo, that is almost enough to send every American a $20 bill

The Eras Tour is expected to yield a substantial windfall, with Taylor Swift potentially making up to $4.1 billion from it, as estimated by Peter Cohan, an associate professor at Babson College. This calculation assumes that Swift retains the typical artist's share, which amounts to roughly 85%

Amazon, $AMZN, Alexa has told users the 2020 presidential election was 'stolen by a massive amount of election fraud'

Amazon, $AMZN, Alexa has told users the 2020 presidential election was 'stolen by a massive amount of election fraud,' per WaPo. A Washington Post investigation revealed that smart devices, when questioned about the legitimacy of the election, provided answers based on unverified information, claiming electoral fraud had occurred.

Sweden is the No. 1 country for affordability, safety and overall quality of life

Sweden is the No. 1 country for affordability, safety and overall quality of life, per CNBC. Sweden claims the top position in global rankings for factors like affordability and safety, among others. According to Numbeo, the cost of living in Sweden is approximately 20.9% lower on average than in

The 55.8 million Americans over 65, about 17% of the population, hold half of America's wealth — $96.4 trillion

The 55.8 million Americans over 65, about 17% of the population, hold half of America's wealth — $96.4 trillion, according to the Federal Reserve. In a 2011 research paper, Edward Wolff from New York University and Maury Gittleman from the US Bureau of Labor Statistics analyzed data

Fed Chair Powell was escorted out of the room as protesters interrupted his speech at ECNY

Fed Chair Powell was escorted out of the room as protesters interrupted his speech at ECNY. Federal Reserve Chair Jerome Powell briefly left a room in New York after climate activists disrupted the beginning of a speech he was scheduled to give on the U.S. economy. The protesters, believed

Fed's Powell: we know the fiscal path we’re on is ultimately unsustainable

Fed's Powell: we know the fiscal path we’re on is ultimately unsustainable. Federal Reserve Chairman Jerome Powell acknowledged that there have been recent signs of inflation cooling, but he emphasized that the central bank remains firmly committed to its 2% mandate. Speaking at the Economic Club of

Drones attack an US military base in Southern Syria

Drones attack an US military base in Southern Syria, per CNN. A military installation located in southern Syria, where U.S. troops have been stationed to provide training as part of a broader campaign against the Islamic State group, came under attack by drones on Thursday, according to two U.

A US Navy warship operating in the Middle East intercepted multiple projectiles near the coast of Yemen, two US officials have told CNN

A US Navy warship operating in the Middle East intercepted multiple projectiles near the coast of Yemen, two US officials have told CNN. ccording to one official, the missiles were launched by Houthi militants with backing from Iran, who are currently embroiled in an ongoing conflict in Yemen. The second

A US judge has ruled that California's assault rifles and weapons ban is unconstitutional

A US judge has ruled that California's assault rifles and weapons ban is unconstitutional, per Reuters. San Diego-based U.S. District Judge Roger Benitez has ruled in a case brought forward by gun rights organizations and others, challenging a California law. The judge found that this law

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

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. A third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many

Houston, Texas had the highest rate of foreclosures in the 2023 third quarter, with 1 in every 371 homes in the metro receiving a foreclosure filing

Houston, Texas had the highest rate of foreclosures in the 2023 third quarter, with 1 in every 371 homes in the metro receiving a foreclosure filing, per ATTOM. The number of homeowners hit with foreclosure notices in the third quarter of the year jumped 34% from a year ago to

It's now cheaper to rent than buy a home, and the gap hasn’t been this big since at least 2015

It's now cheaper to rent than buy a home, and the gap hasn’t been this big since at least 2015, per Bloomberg. In high-priced housing markets in the United States, such as Los Angeles, Honolulu, Seattle, San Jose, and San Francisco, the financial advantage of buying

Gen Z may be left permanently psychologically scarred by high inflation

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 compared to their older counterparts who lived through the period of heightened

The US State Department has issued a 'worldwide caution' travel alert

The US State Department has issued a 'worldwide caution' travel alert for US travellors. Per CNN: The US State Department on Thursday advised all US citizens worldwide “to exercise increased caution” due to “increased tensions in various locations around the world, the potential for terrorist attacks, (and) demonstrations

Victoria’s Secret says it will no longer prioritizing "wokeness over sexiness" after sales drop

Victoria’s Secret says it will no longer prioritizing "wokeness over sexiness" after sales drop, per NYP. Victoria's Secret has witnessed a substantial decline in revenue since it departed from its "hyper-sexualized" image, as described by a recent BusinessOfFashion.com article. To address

Netflix, $NFLX, to increase the price for its premium service by 15% to $22.99 per month

Netflix, $NFLX, to increase the price for its premium service by 15% to $22.99 per month. exceeded expectations by adding 8.76 million global subscribers in the quarter, surpassing Wall Street's projection of 5.49 million, as reported by estimates from Street Account. This marks the highest