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Economy, Real Estate

“Buyers catch a break: Home prices just fell the most in 2 years”

“Home prices are being cut at the fastest pace in two years. The share of home listings that saw a price cut rose to 18.9% in July, up 3.4% from last year. Demand is cooling as buyers wait for mortgage… Continue Reading…

Business

“The $25,000 electric vehicle is coming, with big implications for the auto market and car buyers”

“From the headlines, car buyers might think the most important force driving down the cost of electric vehicles is the $7,500 tax credit that was expanded last summer, followed by Tesla’s recent aggressive cost-cutting to gain more market share. Look… Continue Reading…

Economy, Stocks

“‘Big Short’ Investor Congratulates Market Dip Buyers. ‘I Was Wrong to Say Sell.’”

““Big Short” investor Michael Burry admitted Thursday that his bearish warning about the stock market earlier this year has so far been proven wrong by traders lining up to buy the dip. Burry is best known for his bet against… Continue Reading…

Real Estate

“As US home prices decline, number of buyers with underwater mortgages swells”

“An alarming number of new homeowners are discovering they owe more on their mortgage than their home is worth as surging interest rates send housing prices spiraling down. About 250,000 Americans who took out a mortgage this year to buy… Continue Reading…

Economy, Precious Metals

“Central Banks And Unknown Buyers Are Scooping Up A Record Amount of Gold”

“EDITOR’S NOTE: If all you listen to is mainstream financial news, all you’ll hear about are the “fashionable” narratives that, though intriguing, may mean zilch at the end of the day. So, you heard about gold’s plunge in October in contrast to… Continue Reading…

Real Estate

“The 10 worst US cities for first-time homebuyers”

“…Here are the 10 worst metro areas for first-time homebuyers, according to Bankrate:  Los Angeles- Long Beach- Anaheim Las Vegas- Henderson- Paradise  Seattle- Tacoma- Bellevue Riverside- San Bernardino- Ontario, California   San Jose- Sunnyvale- Santa Clara, California   Denver- Aurora- Lakewood Houston-… Continue Reading…

Economy

“Used car prices rose 21% during the pandemic: How buyers can find a good deal and sellers can take advantage”

“Used car prices averaged $25,410 during the second quarter of 2021, up from $20,942 a year ago, according to automotive resource site Edmunds. That’s a 21% jump. Because of the global microchip shortage, manufacturers are unable to produce enough new cars to… Continue Reading…