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Economy, Real Estate

Exodus Incoming: “More than a third of New Yorkers say they can’t afford to live here”

“More than a third of all city residents say they can’t afford to live anywhere in the state — much less the Big Apple — and believe economic hardship will send them packing in five years or less, according to… Continue Reading…

Economy

“The real college crisis: Student debt drags down economy”

” The college admissions scandal may have driven the conversation about higher education this week, but away from the headlines the far bigger story is student loan debt and what it is doing to a generation of Americans… Consider a… Continue Reading…

Real Estate

“New Hotels Mushroom in Miami”

“Hotel construction is booming in Miami thanks partly to the growing appeal of the city’s downtown district and the flocking of well-heeled tourists to South Beach.” https://www.wsj.com/articles/new-hotels-mushroom-in-miami-11552993200 This looks like a hot spot for real estate. On a side note… Continue Reading…

Economy

“CNN Poll: 7 in 10 say economy in good shape…”

“Overall, 71% say the nation’s economy is in good shape, the highest share to say so since February 2001, and the best rating during Trump’s presidency by two points. A majority give the President positive reviews for his handling of… Continue Reading…

Economy

“Crude Awakening: Prices Surge At The Pump”

“Since early February, gasoline demand has been steadily increasing while stocks have been gradually decreasing causing more expensive pump prices across the country,” said Jeanette Casselano, AAA spokesperson. “The good news is most motorists are not paying more than they… Continue Reading…

Economy

“Your Social Security check won’t cover rent in these 8 states”

“According to data released earlier this year by apartment research site Abodo, national median rent in the country for a one-bedroom apartment hit $1,025 in 2018. This means 76 percent of the average Social Security benefit is being gobbled up by… Continue Reading…

Economy

“The U.S. Now Has More Millionaires Than Sweden Has People Read”

” The number of wealthy households in the U.S. reached a new high last year, roughly equivalent to the entire population of Sweden or Portugal. More than 10.2 million households had a net worth of $1 million to $5 million,… Continue Reading…

Economy, Real Estate

“Average U.S. mortgage size hits record-high $354,500 -MBA”

“The average size of mortgages U.S. consumers were looking to obtain to buy a home or to refinance one hit a record high of $354,500 last week, suggesting resilience in the higher end of the housing market, the Mortgage Bankers… Continue Reading…

Economy

2021: “This Is When 75% of Economists Expect the Next Recession to Happen”

“More than three-quarters of business economists expect the U.S. to enter a recession by the end of 2021, though a majority still estimate the Federal Reserve will continue raising interest rates this year. Ten percent saw a recession beginning this… Continue Reading…

Economy

“America is set to surpass Saudi Arabia in a ‘remarkable’ oil milestone”

“…America is about to steal the kingdom’s energy exporting crown.The United States will surpass Saudi Arabia later this year in exports of oil, natural gas liquids and petroleum products, like gasoline, according to energy research firm Rystad Energy. That milestone,… Continue Reading…