Home supply will continue to be strained in 2024, economist warns
Real estate economists project that home prices and mortgage rates will ease in the new year but there will still be supply constraints in the market.
Cyber Monday sales reach $12.4B driven by 'Buy Now, Pay Later'
On Cyber Monday, consumers are expected to spend as much as $12.4B, which marks an all-time high. However, they are even more focused on spreading out their bills.
Oil slides after OPEC's unexpected meeting delay
The price of oil fell below $75 per barrel, taking another leg lower, after OPEC announced it was delaying its highly anticipated meeting.
Food insecurity on the rise as cost of living pinches wallets
Food insecurity continues to rise because the cost of living increases squeeze millions of Americans, forcing them to make hard decisions on where to allocate their funds.
Gas prices dip further, bringing drivers relief ahead of Thanksgiving: AAA
The national average for a gallon of gas is steadily declining. If both gas demand and oil prices stay low, drivers can anticipate additional decreases in pump prices leading up to Thanksgiving.
Student loan repayments hit holiday shopping budgets
The resumption of student loan payments is hitting consumers hard, forcing them to cut back on holiday expenses. Teachers are feeling a particular strain and considering moving jobs.
Workplace trends emerged from rapidly changing economy
Although economists noted that we have avoided a recession in 2023, we are not out of the woods yet. There are risks to the global economy that could create tensions in the workplace.
Economists warn Biden can't bet on strong economy during election campaign: 'Prices are still too high'
Several economists warned President Biden that the 2024 election would be very close as voters were still sour on the president's handling of the economy.
Gas prices’ steady decline might gain momentum as holidays approach: AAA
Nationwide gas prices continue to fall as demand likely remains flat. The steady decline could accelerate following recent drops in the price of oil, according to AAA.
California middle-class families hit with $26K cost-of-living penalty: report
A new report by the Transparency Foundation says middle-class families are facing a particular hardship in California because of the high cost-of-living expenses.
Cash offers for homes reach near decade high in September
Over 30% of wealthy homebuyers in September bought a home in all cash, allowing them to avoid interest. Rates are still hovering just under 8%, a high not seen in two decades.
Airbnb adjusts ratings, reviews so homes match expectations
Airbnb made changes to its reviews and ratings page to ensure users know what to expect when booking. It's among a slate of changes the company made in response to feedback.
Overstock’s CEO plans to win Bed Bath & Beyond customers back
Bed Bath & Beyond.com CEO Jonathan Johnson said the company invested $150M to launch the brand, reignite the customer profile and ensure it maintained its core customers as it begins trading on the NYSE.
Gas prices maintain slow descent, further price drops expected: AAA
Gas prices have edged lower amid weaker gas demand and declining oil prices. Thousands of gas stations in the U.S. are now selling unleaded gasoline for below $3 a gallon, according to AAA.
The one key reason U.S. economy has beaten predictions
There is one reason economic growth has beaten long-term predictions to date.
Business leaders giving raises will do so for only 50% of employees in 2024
Workers are already facing an onslaught of headwinds from persisting inflation and high borrowing rates. On top of it, some employers are considering holding back on raises next year.
Gas prices decline gradually amid tensions in Middle East
Although gas prices declined and demand weakened this week, the pace was slow. The speed at which prices are falling is being held up by the cost of oil, according to AAA.
'Everyone is just trying to feed America'
The costs of farmland and feed for livestock have increased, making it difficult for family farmers to maintain their low prices of animal products, including meat and milk.
This housing hotspot continues to lose buyers
More people are looking to leave Austin, Texas, once deemed the tip migration destination in the nation during the pandemic. However, monthly housing costs for some homes nearly doubled.
Kansas' capital is the top emerging housing market in the US
Metros within Kansas, Indiana and Wisconsin were among the top emerging housing markets in the U.S. this fall, according to the WSJ/Realtor.com Fall 2023 Emerging Housing Markets Index.