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Real Estate

“[Florida] Property prices boomed here during Covid – they are now being slashed as soaring numbers of homes sit unsold”

“Its warm weather, low taxes and relatively affordable housing market attracted a surge of Americans to Florida during the Covid-19 pandemic, pushing up home values in the state. But as prices stagnate and supply soars in some areas, it seems that Florida’s housing bubble… Continue Reading…

Economy, Real Estate

[Inflation] “$1 million homes are now ‘typical’ in a record number of U.S. cities, analysis finds. Here’s where they are”

“There is a record number of areas in the U.S. where the “typical” home is worth $1 million or more. In February, the country had 550 “million-dollar” cities, or areas where the “typical” home value is $1 million or more,… Continue Reading…

Economy

“Record numbers of wealthy Americans are looking for ways to live overseas”

“…An investment-migration consultancy says that it’s seeing record numbers of wealthy Americans looking for ways to get residence rights abroad or additional citizenships. Mehdi Kadiri, the head of North America at Henley & Partners, said in the company’s 2024 USA Wealth… Continue Reading…

Economy

“160,138,000: Record Number of Employed in January”

“The Labor Department’s Bureau of Labor Statistics says a whopping 517,000 non-farm jobs were created in January, way above estimates of 183,000. “Job growth was widespread, led by gains in leisure and hospitality (+128,000), professional and business services (+82,000), and… 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

“Number of Americans involuntarily working part-time falls by 707,000 to 3.6 million, lowest level in 21 years”

“The number of Americans who want to work full-time but are forced to work part-time jobs declined in June to its lowest in more than 20 years, according to federal data issued Friday, underscoring the strength of the labor market and… Continue Reading…

Business

“Elon Musk says Twitter deal ‘cannot move forward’ until he has clarity on bot numbers”

“Elon Musk said his $44 billion purchase of Twitter will not move ahead until he has more clarity on how many accounts are fake. Twitter estimated in a filing earlier this month that fewer than 5% of its monetizable daily active users… Continue Reading…

Economy

“…Labor Force Participation and Number of Employed People Fall; Unemployment Rate Holds at 3.6%”

“Non-farm payrolls added 428,000 jobs in April, in line with the the consensus estimate of around 400,000, the Labor Department’s Bureau of Labor Statistics reported on Friday. The number of employed people fell to 158,105,000, a decrease of 353,000 from… Continue Reading…

Economy

“A Record Number Of Americans Just Quit Their Job, As Job Openings Surpass Unemployed Workers By A Record 5.6 Million”

“…Last month, the BLS reported that the US job market was plagued by a near record 11.27 million job openings. Then moments ago, the BLS published its latest, March JOLTS report according to which job openings just hit a new all time high 11.549… Continue Reading…

Real Estate

“The Number Of New Homes For Sale Is At Its Highest Since August 2008”

“EDITOR’S NOTE: “Existing” homes for sale may be in short supply but, in contrast, “new” homes for sale are booming. Builders are ramping up production on new homes despite continuing labor shortages and supply issues. In fact, new homes are… Continue Reading…