Economy
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The US housing market reaches a record value of $47 trillion due to low inventory causing prices to soar
Redfin has reported that the US housing market recently achieved a remarkable milestone, reaching an unprecedented valuation of $47 trillion.…
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U.S. Mortgage Rates Surge, Nearing 22-Year High Set In November
On Wednesday, the average U.S. 30-year mortgage rate surged to its highest point in nine months. This increase marked the…
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Wealthy Young American Investors Turn to Alternative Assets Amidst Doubts in Traditional Markets
A new surge of investors is moving away from traditional stocks and bonds, choosing instead to explore alternative assets. According…
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US trucking giant Yellow shuts down, leaving 30,000 people jobless
Yellow Corp., a long-established trucking company with 99 years of history, has ceased operations on Sunday and is unfortunately laying…
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Retirement Confidence Among Americans Has Hit An All-Time Low
According to a recent research released this week, there was a significant decline in the percentage of Americans who believe…
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What are the reasons behind the decline in people purchasing vacation homes?
In early 2020, when the pandemic began, there was a significant surge in demand for second homes. Many affluent individuals…
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Yale’s Robert Shiller suggests that the 10-year surge in U.S. home prices may be nearing its conclusion
According to Robert Shiller, a renowned economics professor at Yale University, the remarkable ten-year surge in U.S. home prices may…
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Billionaire investor Barry Sternlicht says that higher interest rates are hitting commercial real estate hard, like a ‘hurricane’
According to billionaire investor Barry Sternlicht, commercial real estate is facing a severe crisis akin to a “Category 5 hurricane”…
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Chinese real estate giant Evergrande records staggering losses of $81 billion over the course of the last 2 years
China Evergrande Group has recently released its long-delayed earnings report, revealing a staggering combined loss of $81 billion. The company’s…
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Temasek, the Singapore state investor, has reported its lowest returns since 2016
In 2023, Temasek, a Singapore-based company, experienced a 5.07% decrease in its total shareholder return over the course of one…
