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Economy
Is it Time for Times Square’s Revival?
Times Square has long been an iconic landmark in New York City. With its glitzy video panels and a carnival-like atmosphere, the Crossroads of...
Market Update: May 4th, 2022. Pending Recession and Increased Shortages in Labor and Supply.
As we experience another week of broader market activity, many of the trends from last week have been extended even further. In general, most...
Rocket Mortgage to Reduce Workforce, Signaling Tougher Times Ahead for Mortgage Industry
The country’s largest lender, Rocket Mortgage, recently announced plans to reduce its workforce. Representatives from the company decided to offer voluntary buyouts to 8%...
What is ERAP and How Does it Work?
ERAP is not a new form of rap you buy online. (Get it? e-rap?) All kidding aside, if you're one of the hundreds of...
Market Update: April 27th, 2022. Gas, Twitter Buy Out, China Exodus and More
Last week contained another round of interesting economic developments, ranging from Elon Musk’s ambitious takeover of Twitter to broader global political challenges. Furthermore, many...
Most Americans Still View Their Mortgage Payments as Affordable, Fannie Mae Finds
A recent post from two Fannie Mae researchers revealed interesting findings on consumers' housing preferences and beliefs about housing affordability in 2021. In the...
Market Update: April 20, 2022. Twitter, Taxes and More
Given the intensity of many of the ongoing economic stories we’ve discussed in this column, it appears last week was surprisingly stable. A quick...
Canada Plans to Ban Foreign Home Buyers for Two Years
The Canadian housing market appreciated more than 50% over the last couple years to $868, 400 Canadian dollars ($687,000 USD). It’s a staggering rise...
What First-Time Homebuyers Want In New York City
In a recent study, the National Association of Homebuilders (NAHB) found that first-time homebuyers in the U.S. want a home with a laundry room,...
Market Update April 12th: Economy Stuttering Amid Inflation Concerns
Last week, there were quite a few signs that the economy was moving in a positive direction. But this week, both at the national...