To determine which housing markets favored first-time home buyers, WalletHub assessed affordability of homes and the conditions of the real estate market and community environment in the 300 largest cities in the US using 17 key metrics ranging from real estate taxes and median home prices to median home price appreciation and price-to-rent ratios.
These days, home buyers are more stressed and skeptical as ever in the wake of the economic crisis, especially given thedrastic variations in the pace of recoveryacross the United States, the report reads.
In 2013, the National Association of Realtorsreportedtightened credit standards for home buyers have suppressed the level of first-time...
Youre in debt.
It feels like youre drowning in rivers of debt collection notices, in-the-red bank statements and monthly mortgage, student loan and vehicle obligations.
Or maybe youre making a concerted effort to save for a down payment on your dream house while socking away money for retirement, paying the rent and putting food on the dinner table.
Either way, chances are you could benefit from a little organization, restraint and budgeting. I know budgeting is tough. Maybe you tried it out for a while, but it fell apart when you did a double-take passing that Cinnabon cart or saw a pair of gorgeous navy-and-cream-striped pointy-toe pumps.
But thanks to the Internet,...
The Congressional Budget Office’s projection of modest annual US output growth of 2.2% in the coming decade is unattainable, as is the Federal Reserve’s expectation of growth near 3% in the next two years, according to a new paper by Northwestern University economics professor Robert Gordon.
Slow growth in the productivity of the US labor force and a slowdown in the growth of the workforce make it impossible to meet these meager projections without overheating the economy, Mr. Gordon says in a new working paper.
Instead, in his baseline forecast, the economy will grow at a 1.6% rate in the decade ahead. By 2024, annual inflation-adjusted economic output will be $1.9...
Indian Institute of Management, Calcutta (IIM-C) is offering an executive programme for global economics in association with Ivory Education.
The programme is designed to help participants gain an insight into economic analysis and policy in the global context.
IIMC is credited with a global reputation, imparting high quality management education. It has been playing a pioneering role in professionalizing Indian management through a world renowned faculty and distinguished courses.
The classes will be held online and the students will be taught through an e-learning process.
The participants will be introduced to basic economic principles, theories and tools. After...
Indonesia squeezed out a narrow trade surplus in July but the Southeast Asian nations economy remains fragile and exposed to sudden shifts in capital flows.
The country trade balance is in deficit for the year, and the government also runs a budget deficit, a reflection of costly state subsidies on the price of fuel. These twin deficits mean the country is reliant on foreign funding to make up the difference, largely in the form of hot money flows into the nation’s stock and bond markets.
A year ago, a reversal of these flows caused by fears that US yields would move higher, hurt Indonesian assets. The government has set about trying to readjust the economy, but as Monday’s...
Seven-dollar corn made for judicious creep feeder use, but it may be time to bring those creep feeders back out. New research shows the economics of adding pounds to calves through creep-feeding pays off, now that the price of corn is lower.
The expanding inequality of incomes in the US has prompted the push to increase the federal minimum wage rate from its current level of $7.25 per hour, set in July 2009. This fall, voters in Wisconsin’s First Congressional District will have a choice between two candidates who differ sharply on this issue. Incumbent Congressman Paul Ryan opposes any increase, while his opponent, Rob Zerban, favors an inflation adjuster to $10.10 per hour.
In his new book, The Way Forward, Ryan warns of the politics of emotion. The issue of the minimum wage certainly is an emotional one for many, such as for those who assert that fairness and decency demand that people who work 2,000 hours annually...
The RBA will release its decision at 2.30pm after this mornings board meeting. While no-one really expects any movement in rates, the governor signaled recently the time to change language might be soon and the Capex data last week might give him an excuse.
Well be covering the data live here at Business Insider but in the lead-up, here are two previews.
National Australia Bank Market Economics team
The RBA is sure to leave the cash rate at 2.5% and almost certain to repeat that “On present indications, the most prudent course is likely to be a period of stability in interest rates.”
Of course, this prudent course remains a balancing act between...
Hong Kong, Sept 1, 2014 – (ACN Newswire) – China Yongda Automobiles Services Holdings Limited (Yongda Auto or the Company and, together with its subsidiaries, the Group, stock code: 03669.HK), a leading passenger vehicle retailer and comprehensive service provider in China, today announced its interim results for the six months ended June 30, 2014 (the period under review).
The sales volume of luxury and ultra-luxury brand passenger vehicles in China has continued its fast growth in the first half of 2014, significantly higher than the average growth of the passenger vehicle market in China. Driven by the rise in passenger vehicle ownership and the aging of passenger...