Tag: real estate
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I’m a single parent with 2 kids, and owe $27,000 after being scammed. What now?
[ad_1] I’m a single parent with two kids, and fell victim to an online dating scam. I have no legal recourse as I did this on my own, thinking I was helping someone. My credit has now tanked. I owe $17,000 on one credit card, and I have two loans of $5,000 each. I have my…
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S&P Case-Shiller shows U.S. home prices up for fourth straight month in May
[ad_1] U.S. home prices rose for the fourth straight month in May, according to the S&P Case-Shiller index. A broader measure of home prices, the national index, rose month-over-month in May by 0.7%, but was down 0.5% over the past year. All numbers are seasonally adjusted. Nationally, year-over-year appreciation in May was down 1.7% though,…
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Stocks of Chinese developers jump after Beijing signals support for property sector
[ad_1] Shares of Chinese developers jumped early Tuesday after China’s top leadership pledged more policy support and adjustments to property policy, hinting at easing measures targeted at the struggling property sector. Property developers’ shares advanced in both the Hong Kong and mainland markets. The Hang Seng Mainland Properties Index rose 10%, outperforming the benchmark Hang…
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Stock market strategist David Rosenberg gives the Fed no credit — and no mercy
[ad_1] It’s said that you don’t know an economy is in a recession until it’s in one. Or as David Rosenberg puts it: “Recessions are like an odorless gas. They sneak up on you.” These days, Rosenberg is looking for fresh air. A former chief North American economist at Merrill Lynch and now president of…
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Stocks are making a run for record territory. Will the Fed end its rate hikes anyway?
[ad_1] Stocks have been closing in on record territory, which isn’t supposed to be a key worry of the Federal Reserve. But after a dizzying three years of pandemic extremes, the stock rally has become a source of market angst, right as the Fed attempts a final chapter in its epic rate hiking saga. “There…
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China’s property woes offer a window into the demise of the country’s boom times
[ad_1] As China’s economic recovery continues to underwhelm, observers’ sights are turning from the country’s intractably weak consumer sector to the more worrying downturn in the enormous Chinese real-estate market. Sluggish economic growth in general and a softening property market in particular have increased expectations for stimulus measures to inject life into a post-COVID recovery…
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U.S. bank lending falls slightly in latest week
[ad_1] The numbers: Commercial and industrial lending — a key driver of economic activity — fell by $2.1 billion to $2.75 trillion in the week ending July 12, the Federal Reserve said Friday. C&I loans hit a peak of $2.82 trillion in mid-March, right before the collapse of Silicon Valley Bank, and the pace of…
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White House wants to expose ‘junk fees’ imposed on renters — but erasing them will be a tougher task
[ad_1] The Biden administration on Wednesday announced its latest effort to address “junk fees” people face when trying to rent an apartment. These costs, which often come as a surprise, include application fees, administrative fees, parking fees, and even pet fees. “Folks are tired of being played for suckers,” President Biden said. As part of…
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Americans reveal their No. 1 financial regret, but advisers say they hear these horrible mistakes the most
[ad_1] If you’re like most Americans, you are probably regretting some of your financial decisions. But first, the good news: Making money mistakes is not the end of one’s journey to financial freedom, Emmanuel K. Eliason, president and CEO of Eliason Wealth Management based in Centennial, Colo., told MarketWatch. It’s more like a detour to…