How does inflation affect real estate? Here’s what you need to know. – Entrepreneur | CarTailz

opinions expressed by entrepreneur Contributors are their own. With so much speculation about the outlook for the American economy and how inflation rates will change, those in the real estate market need to know how inflation can affect the real estate sector. Of course, passive income from an investment is always the goal, and the … Read more

Smaller rate hikes likely to come in December, says Fed Chair Powell – CNN | CarTailz

CNN business — Federal Reserve could slow pace of aggressive rate hikes as early as December, Fed Chairman Jerome Powell said at a business forum on Wednesday. “The time to slow the pace of rate hikes could come as early as December’s meeting,” he said in a remark at the Hutchins Center on Fiscal and … Read more

Inflation increases US household spending by an average of $433 per month, finds Moody’s – CNBC | CarTailz

People shop at a grocery store on June 10, 2022 in New York City. Spencer Platt | Getty Images The average American household is spending $433 more per month on the same goods and services than a year ago, according to Moody’s Analytics analysis of October inflation data. While September’s monthly figure of $445 is … Read more

Mortgage rates fall for second straight week – CNN | CarTailz

Mortgage rates fell again this week after falling almost half a percentage point last week. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.58% in the week ended November 23, compared to 6.61% the week before. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen for most of 2022, spurred … Read more

Cassandra, 26, makes $60,000 a year and owes $10,000. Where can she save to save for her future? – Toronto Star | CarTailz

Cassandra, 26, wants her debts to be reduced so she can focus on saving for her future. The retail executive says she makes $60,000 annually and owes a total of $10,000 — $4,000 on her credit card plus a $6,000 loan. Cassandra describes herself as a homebody who enjoys hanging out with her dog and … Read more

Cassandra, 26, makes $60,000 a year and owes $10,000. Where can she save to save for her future? – Toronto Star | CarTailz

Cassandra, 26, wants her debts paid off so she can focus on saving for her future. The retail executive says she makes $60,000 annually and owes a total of $10,000 — $4,000 on her credit card plus a $6,000 loan. Cassandra describes herself as a homebody who enjoys hanging out with her dog and lives … Read more

Mortgage Rates Plunge, Biggest Weekly Drop Since 1981 – CNN | CarTailz

Editor’s note: Freddie Mac, which has tracked weekly average mortgage rates since 1971 and has regularly made changes to its primary mortgage market survey, has changed the source of its November 17, 2022 data. Instead of surveying lenders, the weekly results are based on applications received from lenders submitted to Freddie Mac. Find out more … Read more

Restaurant sales are increasing. But eating out is on the decline – CNN | CarTailz

new York CNN business — Chain restaurants reported increasing sales in the third quarter. But more sales doesn’t mean more customers. In fact, industry watchers are noting that traffic to restaurants has declined in recent months. That’s because many are cutting back on dining out and eating out more often as inflation weighs on consumer … Read more

Crypto is in crisis. It’s not just because of FTX – CNN | CarTailz

new York CNN business — The stunning demise of FTX, one of the largest cryptocurrency exchanges, sent shockwaves through the crypto universe last week. Sam Bankman-Fried, the 30-year-old crypto titan and CEO of FTX, watched as billions of his wealth vanished in a bankruptcy filing that shook the trillion-dollar industry to its core. The pain … Read more

All eyes on the consumer ahead of Black Friday and the holidays – CNN | CarTailz

A version of this story first appeared in CNN Business’s Before the Bell newsletter. Not a subscriber? You can login exactly here. new York CNN business — It’s been a tough year for American consumers. inflation everywhere. Rapidly rising interest rates. A housing market that is starting to cool down. That raises a question with … Read more