In a noteworthy development within the U.S. housing market, the National Association of Realtors (NAR) recently reported a 4.8% increase in sales of previously owned homes for November compared to the preceding month. This significant upswing places the seasonally adjusted annualized sales rate at approximately 4.15 million units, which marks a robust 6.1% growth relative
Real Estate
In 2024, the Federal Reserve made headlines by adjusting its interest rate target downward on three separate occasions. This shift has left many potential homeowners and current mortgage holders questioning whether relief in the form of lower mortgage rates is on the horizon. The prevailing sentiment voiced by market experts, including Jordan Jackson from J.P.
In 2024, the Federal Reserve took significant steps to stimulate the economy by initiating three cuts to its benchmark interest rates. On December 18, the Fed announced a reduction of 0.25 basis points, bringing the federal funds rate to a new range of 4.25% to 4.50%. While such a move is typically designed to make
In the complex and ever-changing landscape of the stock market, informed decisions play a crucial role in the success of investment strategies. Recently, Jim Cramer’s Charitable Trust made notable investments in CrowdStrike and Home Depot, bringing to light not just the selection of individual stocks, but also the broader market dynamics that informed these choices.
In the ever-evolving landscape of real estate, prospective homebuyers face numerous challenges. The current housing market has been fraught with high prices and fierce competition, making the dream of homeownership more complex than ever. However, as we look toward 2025, emerging patterns and data indicate which areas may serve as enticing opportunities for both buyers
Recent data from the Mortgage Bankers Association indicates a notable uptick in mortgage rates, significantly impacting overall demand in the housing market. Last week, the average interest rate for a 30-year fixed mortgage climbed to 6.75%, up from 6.67%. This rise in rates pushed the total application volume down by 0.7%, marking the first weekly
In the ever-fluctuating landscape of equity markets, investment decisions must be guided by a mixture of analysis and discipline. Recently, Jim Cramer’s Charitable Trust made notable acquisitions, highlighting his strategic approach to navigating market volatility. The Trust’s decision to incrementally increase its holdings in prominent stocks like Home Depot (HD) and BlackRock (BLK) reflects a
The tragic collapse of the Champlain Towers South in Surfside, Florida, in June 2021, sent shockwaves throughout the real estate landscape, prompting immediate legislative action in the state. In response to the disaster, lawmakers introduced stringent requirements specifically targeting older condominium buildings—a move aimed at preventing similar occurrences. Under this new regulation, condominiums that are
In a striking turn of events within the real estate landscape, Generation Z has emerged as unexpected frontrunners in homeownership. According to data from Redfin, a real estate analytics firm, the homeownership rate among Gen Z adults aged 19 to 26 has surpassed that of millennials and Generation X at the equivalent age. Specifically, 27.8%
Timothy Armoo, known for co-founding the influencer marketing platform Fanbytes, has carved an unusual path to wealth that stands in stark contrast to the traditional narratives surrounding affluent individuals. His journey offers a compelling examination of a new generation’s attitudes towards wealth, investments, and life choices. This article explores Armoo’s financial philosophy, investment strategies, and