The housing market may be beginning to thaw after a period of stagnation due to historically high interest rates. According to recent data, mortgage rates are dropping, and new listings are up slightly. This may be a sign that more buyers are beginning to enter the market, which could be a catalyst for stabilizing prices. […]Read More

As the Federal Reserve prepares its final interest rate decision in 2023, it is likely that conditions in the financial markets, economic data, and other relevant factors will be closely scrutinized. The Fed’s interest rate decision will likely be based on a variety of macroeconomic factors, such as inflation, employment, GDP growth, and trade. Depending […]Read More

In 2019, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) jointly launched an investigation into allegations of mortgage pricing discrimination by Wells Fargo and other lenders. The investigation focused on whether lenders engaged in “price optimization,” which means the practice of charging higher prices to certain borrowers based on their race […]Read More

According to prosecutors, former Jaguars ticket manager Tom Petway III is charged with stealing more than $22 million from the Jacksonville Jaguars over the past seven years. Prosecutors said Petway used the money to finance a lavish lifestyle that included trips to luxury resorts, expensive jewelry and designer clothing. He allegedly created fraudulent invoices and […]Read More

Pending home sales plummeted to a record low in 2020, falling to levels not seen since the depths of the 2008 Great Recession. According to the National Association of Realtors (NAR), pending home sales dropped 16.7 percent from December 2019 to December 2020, the steepest year-over-year decline since the NAR began tracking data in 2001. […]Read More

Federal Reserve Chair Jerome Powell said talk of cutting interest rates was “premature” and warned that more rate hikes could be on the horizon. In a speech at a bond market conference in Chicago, he argued that it was important to wait and monitor developments before taking any action. He added that the Fed would […]Read More

The United Auto Workers (UAW), one of the most powerful labor unions in the United States, recently secured a big victory with the Big Three automakers General Motors, Ford, and Fiat Chrysler. The UAW negotiated for a raise for workers and a ban on outsourcing production work to Mexico in the new deal. This news […]Read More

Under Biden’s landmark climate law, the Clean Energy and Sustainability Accelerator, investment in renewable energy projects in lower-income communities will receive a sizable portion of the $10 billion allocated. This program will expand access to renewable energy resources for community-based organizations in underserved communities, while also allowing those same organizations to benefit economically from any […]Read More

For shoppers who are worried about money, tightening their budgets is often the best approach. This can mean reducing nonessential spending, making a budget to track expenses, and being more mindful of how much and what items are purchased. Those who are able to manage their finances responsibly may take advantage of programs like layaway […]Read More