Affordability
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X @The Economist
The Economist· 2025-10-02 16:15
Where can budget-conscious Carrie Bradshaws find the best apartment deals? Our index shows several cities have become significantly more affordable since last year https://t.co/sm60l7ucdX https://t.co/dorAuBwdO0 ...
How the housing market is turning red and what it means for potential homebuyers
NBC News· 2025-10-02 00:42
Housing Market Slowdown & Incentives - Home builders are offering incentives like lower interest rates to attract buyers in a slow market [1][5] - 65% of home builders offered incentives last month [2] - The housing market is experiencing a slowdown in both home sales and construction pace [2] - High mortgage rates near 7% at the beginning of the year contributed to the slowdown [2] Affordability & Buyer's Market - The housing market is affordability-constrained due to a 40-45% increase in home prices during the pandemic [3] - Summer marked the strongest buyer's market since 2013 [4] - Low levels of existing home sales are observed due to strained affordability [4] - The number of unsold new finished houses is at the highest level since 2009 [4] Regional Variations & Builder Strategies - Increased housing inventory is seen in regions that experienced booms during the pandemic, such as Texas and Florida [5] - Builders are offering incentives to move inventory in these regions [5] - Builders may spend $30,000-$50,000 or more on incentives like buy-down deals, potentially saving home buyers 10% or more [6]
X @The Economist
The Economist· 2025-09-30 21:20
If you dream of affording a place to yourself, our Carrie Bradshaw index shows that the town you live in is as important as what you earn https://t.co/pOuro5LffM ...
X @Bloomberg
Bloomberg· 2025-09-30 13:05
The Cost Coalition, a bipartisan group of Donald Trump adversaries, is throwing its support behind Virginia Democratic gubernatorial candidate Abigail Spanberger, who has largely centered her campaign on addressing worries over affordability https://t.co/s5NM3keEx6 ...
X @Bloomberg
Bloomberg· 2025-09-30 12:58
The Cost Coalition, a bipartisan group of Donald Trump adversaries, is throwing its support behind Virginia Democratic gubernatorial candidate Abigail Spanberger, who has largely centered her campaign on addressing worries over affordability https://t.co/qbU7w09Awt ...
NYC has proven to be resilient enough to survive bad mayors and public policies, says Kathy Wylde
CNBC Television· 2025-09-29 12:53
Election Dynamics & Business Community Sentiment - Eric Adams' withdrawal from the mayoral race changes the calculus, particularly for the business community concerned about other candidates' policy positions [4] - The business community is split regarding comfort levels with candidates, with some hopeful while others remain concerned [5][6] - The Partnership for New York City acknowledges private concerns within the business community about a specific candidate, but emphasizes the importance of voters' will [8] - The business community is worried about the substance of the issues and what a next mayor will want to do [20] Key Issues Facing New York City - Affordability, especially housing and childcare, are major challenges facing the city [10][11] - The solutions proposed by candidates for addressing affordability are points of disagreement [13] - There are concerns about the potential exodus of high-income individuals due to high taxes, impacting the city's tax base [14][15] Concerns Regarding Specific Candidate - Concerns exist within the business community regarding a candidate's stance on safety, security, and the police [15][16] - A candidate's alleged anti-Semitic views are a significant concern for some, given New York City's relationship with Israel [16][17]
Is this the Trump economy Americans voted for?
MSNBC· 2025-09-27 17:36
Economic Indicators & Trends - The national unemployment rate is at 43%, while the unemployment rate for young Americans ages 16 to 24 is 105% [1][9] - US import tariff rate is at 195% according to the Organization for Economic Cooperation and Development [1] - The economy grew at almost 4% in the second quarter, according to the Commerce Department [1] - Small business confidence is increasing, potentially due to the resolution of tax policies [1][4] Inflation & Cost of Living - Ground coffee prices have increased by 33%, from $631 to $887 per pound [1] - Auto insurance costs are up 60%, shelter costs are up 50%, and electricity costs are up 38% over the past 5 years [10] Consumer Behavior & Savings - 46% of US adults have enough emergency savings to cover three months of expenses, while 24% have no emergency savings at all [20] - There's increased use of "buy now pay later" programs, which can be risky due to high interest rates after missed payments [14][15] Stock Market & Investment - The stock market is booming, hitting 28 highs this year, boosted by AI promises [1] - There's a lot of AI investment and energy in tech, with a few big tech stocks driving the S&P 500's performance [24] - A record amount of money is in money market funds, offering around 4% interest, indicating people are seeking safer investments [30][31] Trade & Tariffs - Tariffs have sharply raised prices for things like coffee, bananas, TVs, and toys [1] - The president's tariffs against China have caused China to not buy any US soybeans [38] Political & Economic Perceptions - People who blamed Biden for the high cost of living don't blame Trump for the same high cost of living [41] - There's a pervasive feeling that the current economic system is not working for many Americans [51]
X @Investopedia
Investopedia· 2025-09-26 14:00
Retirement Planning - Retiring in large towns offers more affordable prices compared to major metro cities [1] Location Advantages - These large towns provide access to hospitals, airports, and cultural venues [1]
X @Bloomberg
Bloomberg· 2025-09-25 13:52
Sales of previously owned homes in the US slipped slightly in August, a sign that affordability constraints continue to grip the housing market https://t.co/mMgr7hzKa5 ...