Falling home prices is coming. High unemployment could make it much worse

London CNN Business – Last year, Auckland’s largest real estate company was unable to sell properties fast enough to meet demand in New Zealand’s largest city. Homes were “flying out the door,” said Grant Sykes, a principal at the Barfoot & Thompson real estate agency. “There were chin-breaking moments when agents would stand across the … Read more

How will higher interest rates affect the housing market in 2023? Experts weigh

How do interest rates affect the housing market John Grauman, founder and agent of the Grauman Rosenfeld Group, discusses the impact of interest rates on the housing market. He also discusses his role in the new Netflix series “Buying Beverly Hills”. Los Angeles – During the height of the COVID-19 pandemic, the Federal Reserve kept … Read more

Florida could overtake Affordable Care Act enrollment in 2023 | Florida Trend Health Care – Florida Trend

Florida Could Override Enrollment in the Affordable Care Act in 2023 The Affordable Care Act’s health insurance enrollment window kicked off this week with many experts predicting that participation in 2023 will likely surpass the record 14.5 million people who signed up for insurance through the federal program this year. Jodi Ray, executive director of … Read more

Gwyneth Paltrow’s childhood home is on the market for $17.5 million – NBC Los Angeles

An elegant mansion in Santa Monica, home to multiple generations of Hollywood royalty, has hit the market. The childhood home of actress and Goop founder Gwyneth Paltrow is up for sale for $17,500,000. Simon Berlin Surrounded by lush greenery that provides plenty of privacy and a relaxed atmosphere, the home was purchased by Gwyneth Paltrow’s … Read more

China’s economy is in ‘deep trouble’ as Xi heads to Communist Party congress

Hong Kong CNN Business – When Xi Jinping took power a decade ago, China had just overtaken Japan to become the world’s second largest economy. It has grown at an extraordinary pace since then. With an average annual growth rate of 6.7% since 2012, China has experienced one of the fastest sustainable expansions of a … Read more

What happens to home prices? Mortgage rates and narrow supply of factors

Daniel Acker | Bloomberg | Getty Images Home prices are dropping in most markets across the country. However, home prices are still higher compared to last year, and they are unlikely to fall very sharply. The sharp rise in mortgage rates over the past several months has increased the cost of housing for anyone who … Read more

Federal Reserve: The Fed rises again with a three-quarter point rate hike in a row

Washington DC CNN Business – The Federal Reserve made history on Wednesday, agreeing to a 75 basis point increase in a row in a strong move to deal with it The severe inflation that the American economy was suffering from. The massive rally, which could not be understood by markets just months ago, is taking … Read more

The next Fed meeting will decide whether stocks can stabilize or fall to market lows

The Federal Reserve is expected to raise interest rates by another three-quarters of a point on Wednesday, but it is what it indicates about future rate hikes that will drive the markets. The central bank’s two-day meeting on Tuesday and Wednesday comes in a week where investors will also be on high alert for more … Read more

China’s residential market is struggling, trade may be a bright spot

Commercial real estate is a bright spot in Chinese real estate, in contrast to the doom and gloom of the residential housing market. Real estate analysts and developers said offices, warehouses and commercial complexes have proven resilient, continuing to generate steady rental income – albeit reduced due to weak demand. Hong Kong listed real estate … Read more