The US housing market — long crippled by an inventory drought — is finally starting to see listings rise. But now, in many places, the buyers just aren’t showing up. Sellers are grappling with the fact that higher-for-longer rates are choking off demand during what’s typically the key season for the market. And more of…
The power of a six-figure (or more) salary is seemingly fading depending on where you live, bumping some U.S. earners into a “lower middle class” status. “In America’s most expensive cities, the bar has definitely been raised to be considered ‘middle class,’” GOBankingRates lead content data researcher Andrew Murray told Fox News Digital. “To escape the…
A new NBER working paper (Did the Modern Mortgage Set the Stage for the U.S. Baby Boom? by Lisa J. Dettling & Melissa Schettini Kearney) reveals an unexpected (well, actually expected) catalyst behind America’s famous baby boom: government-backed mortgages that transformed homeownership and family formation patterns. Why it matters: The FHA and VA mortgage programs…
A man who is “addicted” to cheese has spent over £60,000 on cheddar over the years and manages to get through at least two blocks a day. Mark King, 54, will put an entire block of cheese into a sandwich and would happily eat four a day if his wife, 49-year-old Tracey, would let him. But despite…