Unusual Whales

The median home price in the United States is $431,000, according to Federal Reserve Economic Data

51% of Americans make a median annual salary of $75,000. They can afford a home that costs about $256,000, per the National Association of Realtors. The median home price in the United States is $431,000, according to Federal Reserve Economic Data. Median house price in October decreased

The average age of first-time homebuyers is now 36, up from 33 in 2022

The average age of first-time homebuyers is now 36, up from 33 in 2022, per Bankrate. The average net worth of Americans under age 35 was $76,300, compared to $436,200 for those aged 35 to 44. American millennials' average net worth sits at about $127,793,

40% of all U.S. mortgages were obtained in 2020-2021 when interest rates were at rock bottom

40% of all U.S. mortgages were obtained in 2020-2021 when interest rates were at rock bottom, per Creditnews. While potential homebuyers contend with persistently high mortgage rates, an increasing portion of Americans is relishing the freedom of mortgage-free living. In 2022, almost 40% of homeowners in the

The math for buying a home no longer works

The math for buying a home no longer works, per WSJ. In 2023, homebuying became the least affordable in at least the past 11 years, according to a report by real estate company Redfin released on Thursday. For this year, an individual earning the median income in the U.S.

Former U.S. House Speaker Kevin McCarthy has just formally resigned from Congress

Former U.S. House Speaker Kevin McCarthy has just formally resigned from Congress. In a recently penned op-ed for the Wall Street Journal, the ousted speaker announced his decision to resign from the House at the end of the year, bringing to a close a nearly two-decade congressional

Tesla, $TSLA, is working on a wireless charging pad where you just park over it and it automatically starts charging your vehicle

Tesla, $TSLA, is working on a wireless charging pad where you just park over it and it automatically starts charging your vehicle, per Electrek. Tesla has officially acknowledged its development of a wireless inductive home charger for electric cars, confirming previous teases from earlier this year. Tesla had not previously

Mortgage rates will fall to about 6.6% in 2024 and prices will drop 1% as new listings find their way onto the market

Mortgage rates will fall to about 6.6% in 2024 and prices will drop 1% as new listings find their way onto the market, per Redfin. 30-year mortgage rates are now below 7%, per MW. Freddie Mac reported a decrease in the average rate on a 30-year mortgage

Biden wants to give 500,000 Americans money to buy homes

Biden wants to give 500,000 Americans money to buy homes, per Newsweek. The Biden administration announced on Thursday its intention to assist hundreds of thousands of households in achieving homeownership, as part of a broader initiative to address housing costs, increase the supply of affordable homes, and alleviate the

Kevin O'Leary has urged the government to not get involved in housing, saying the new bill that would ban hedge funds from buying homes "is very, very bad and destructive"

Kevin O'Leary has urged the government to not get involved in housing, saying the new bill that would ban hedge funds from buying homes "is very, very bad and destructive," per BI. During a recent appearance on "The Big Money Show" on Fox Business,

New homeowners lose $122,000 as housing prices drop

New homeowners lose $122,000 as housing prices drop, per Newsweek. Recent homeowners throughout the United States are grappling with a swift decline in their property values. Recent data indicates an average loss of $122,000 in home value in certain areas, signaling challenges to the American Dream. The past

Amazon's, $AMZN, humanoid warehouse robots will eventually cost only $3 per hour to operate

Amazon's, $AMZN, humanoid warehouse robots will eventually cost only $3 per hour to operate, per BI. Amazon, $AMZN, is trialling humanoid robots in its US warehouses. Amazon is conducting trials of humanoid robots in its US warehouses, marking another step in the tech giant's increasing automation

Austin, Texas, was the only city that became more affordable in 2023, per Redfin

Austin, Texas, was the only city that became more affordable in 2023, per Redfin. In 2023, homebuying became the least affordable in at least the past 11 years, according to a report by real estate company Redfin released on Thursday. For this year, an individual earning the median income in

Costco, $COST, made $100 million off this golden item alone in most recent quarter

Costco, $COST, made $100 million off this golden item alone in most recent quarter. During a recent discussion, Richard Galanti, Costco's Chief Financial Officer, highlighted the retail giant's sale of 1-ounce gold bars, reaching over $100 million in sales during the quarter. Galanti briefly mentioned

California's housing market is collapsing

California's housing market is collapsing, per Newsweek. Recent data reveals a significant drop in home prices across parts of California, which had been among the most overvalued areas in the country until recently. Affected by the same price correction that impacted the U.S. housing market from late

Sam Altman explains what happened during the past few weeks at OpenAI

Sam Altman explains what happened during the past few weeks at OpenAI. "As we get closer and closer to superintelligence, everybody involved gets more stressed and more anxious." To the Verge he said: "It took me a few minutes to snap out of it and overcome the

JPMorgan, $JPM, Chase CEO Jamie Dimon has said: "I've always been deeply opposed to crypto... If I were the government I'd close it down"

JPMorgan, $JPM, Chase CEO Jamie Dimon has said: "I've always been deeply opposed to crypto... If I were the government I'd close it down." During a Senate hearing on Wednesday, JPMorgan Chase CEO Jamie Dimon expressed his strong opposition to the cryptocurrency industry, stating

Donald Trump has released a new 'Mugshot' NFT collection this week

Donald Trump has released a new 'Mugshot' NFT collection this week. "In light of the overwhelming excitement and success of my earlier TRUMP DIGITAL TRADING CARDS, we're launching a new edition – The MugShot Edition, available RIGHT NOW," Trump announced in a Truth Social post

Vivek Ramaswamy has said, if elected: I will reduce headcount at the U.S. Federal Reserve by >90%

Vivek Ramaswamy has said, if elected: I will reduce headcount at the U.S. Federal Reserve by >90% and limit its scope to doing exactly *one* thing: stabilize the dollar as a stable unit of measurement. In November, Republican presidential candidate, Vivek Ramaswamy, proposed a border wall with Canada,

Retail investors are buying the most stocks since March 2022

Investors are entering a critical week, anticipating key events such as the release of November's consumer price index (CPI) on Tuesday and the Federal Reserve's interest-rate decision on Wednesday. Speculation about the Fed concluding rate hikes and potentially implementing cuts by mid-2024 has led

European Union leaders agreed to open membership negotiations with Ukraine

European Union leaders agreed to open membership negotiations with Ukraine. On Thursday, the European Union made a significant decision to initiate accession negotiations with Ukraine, marking a remarkable shift for a country in conflict that had struggled to garner support for its aspirations to join the EU. The decision was

30-year mortgage rates are now below 7%

30-year mortgage rates are now below 7%, per MW. Freddie Mac reported a decrease in the average rate on a 30-year mortgage to 6.95%, down from 7.03% the previous week and compared to 6.31% a year ago. Meanwhile, rates on 15-year fixed-rate mortgages,

The Fed has signalled 3 interest rate cuts for next year

The Fed has signalled 3 interest rate cuts for next year, per BI. Officials have revised their expectations, anticipating a slightly faster cooling of inflation next year, according to the latest economic projections released Wednesday. Some economists argue that the final phase of the Fed's historic fight against

For those between 55 and 64, the average and median balances are $207,874 and $71,168

For those between 55 and 64, the average and median balances are $207,874 and $71,168, per Vanguard. The average 401(k) balance for a Gen Zer is about $7,100, per Fidelity. Meanwhile, the retirement savings of Gen Z has come into question as a new report shows

A four-person household spent an average $315.22 on food at home in 2023

A four-person household spent an average $315.22 on food at home in 2023. In October 2020, they spent an average of $238.32, a 32% increase, per Bloomberg. Restaurant prices are up 24% since January 2020, per Bloomberg. A pound of ground beef now costs $5.23 on

New York City will pay 15 homeowners up to $395,000 to build an extra dwelling in their garage or basement to help ease the housing shortage

New York City will pay 15 homeowners up to $395,000 to build an extra dwelling in their garage or basement to help ease the housing shortage, pe rNYT. Homeowners interested in participating in the Plus One ADU program can submit their applications online. To qualify, their homes must meet