Home price increases are starting to slow down
Elevated mortgage rates and a slight jump in homes available for sale took pressure off price increases, according to Redfin.
Americans don't believe middle class can afford homes
Two-thirds of Americans believe home prices are beyond what the middle class can afford, according to a new poll for Newsweek.
Americans have burned through their savings
A fifth of Americans say they are without any savings, according to a poll by Redfield & Wilton Strategies for Newsweek.
Americans blame Biden for rising gas prices
A poll for Newsweek revealed that 55 percent of Americans who said gas prices were rising blamed U.S. government mismanagement.
Republicans are warming up to Joe Biden's economy
Democrats and Republicans showed their most favorable readings of consumer sentiment since the summer of 2021, according to a new survey.
New student loan forgiveness application: How to apply for Biden's plan
On Friday, the Biden administration said it will cancel student debt for more than 70,000 borrowers.
Home sales reach new disappointing milestone as prices increase
Used homes sales fell in December while sales prices accelerated for the six month in a row, according to the National Association of Realtors.
Americans are earning more money
But, should federal interest rates remain elevated for longer, that could slow down wages, economists told Newsweek.
Housing market blow as home building falls
New home starts fell in December, government data showed on Thursday, on the back of a plunge in single-family construction.
Americans race to refinance mortgages as rates fall
The Refinance Index jumped 11 percent, contributing to an increase in mortgage applications for the week ending January 12.
Gen Z is choosing not to drive
Less Gen Z Americans own a driver's license than previous generations, according to consulting firm McKinsey.
Americans are losing their homes
Foreclosure activity increased in 2023, but experts suggested that data shows it was not as high as a decade ago.
Donald Trump wins over college grads in Iowa
The former president secured a convincing victory in Iowa and won the majority of college-educated voters, according to exit polls.
Biden speeds up timeline for student loan cancellation
Administration said that starting in February, it will introduce a plan that will accelerate student debt forgiveness for some.
Citigroup cuts 20,000 jobs amid warning signs of layoffs at other banks
Citigroup announced that it plans to cut 20,000 jobs over the next two years. But does this signal more job cuts elsewhere?
Americans hit with rising home prices as mortgage rates fall
Mortgage rate declines from their peak in October are sparking demand for homes, which is helping to push up prices: Freddie Mac.
These are the best locales for first-time homebuyers
Irondequoit, New York, is among the top markets for first-time homebuyers, according to realtor.com.
Housing market threatens to make all Americans' lives more expensive
Housing costs contributed to a higher-than-expected rise in inflation on Thursday, according to the U.S. Bureau of Labor Statistics.
Americans rush to refinance homes as mortgage rates drop
Refinancing activity jumped by 19 percent for the week ending January 5, according to data from the Mortgage Bankers Association.
Are Amazon's layoffs sign Americans are about to lose their jobs?
There were reports of job losses this week, but analysts said they don't signal mass layoffs are coming any time soon.
Mortgage rates rise just as buyers return to housing market
Mortgage applications spiked by about 10 percent for the week ending January 5, lenders said.
Rents in America finally drop below $2,000 a month
The median rent asks fell in December to under $2,000 per month, according to real-estate platform Redfin.
Trump's unlikely to get his wish for an economic crash
Economists expect the economy to slow down this year but said that it was unlikely to crash in 2024.
Buying Clothes in the US Is About to Get More Expensive
Analysts say that goods coming from Asia could see price increases due to the violence in the Red Sea.
Student loan application backlog is delaying forgiveness for borrowers
The Biden administration has tried to cancel up to $20,000 of student loan debt, but was struck down by the Supreme Court last year.
Americans are saving thousands on mortgage payments
The median U.S. housing payment is down nearly $400 from its October peak, Redfin said.
Americans headed for disappointing pay increases
Employers are planning to give workers a nearly 4 percent salary bump in 2024, according to Payscale.
Greg Abbott has good news for Texans
Texas Governor Greg Abbott boasted about the state's economy, which grew by nearly 8 percent in the third quarter of 2023.
Gavin Newsom gets warning about gas prices
Chevron said in a filing that regulatory challenges in California "have resulted in lower anticipated future investment levels."
Job listings close as America braces for layoffs
Job openings were unchanged in November, the U.S. Bureau of Labor Statistics said, suggesting that employers held back on hiring.