Affordable housing crisis looms large in election
One economic issue looms large in the upcoming election, as President Biden appeals to young voters and bucks negative views about his handling of the economy. It’s a historic shortage of affordable housing. Even though the cost to buy a home has just reached an all-time high and rental prices are slightly down from their […]
Homes are now affordable in just 6 major American cities
Heritage Foundation economist Peter St. Onge provides analysis of the housing affordability crisis in “The Bottom Line.” In most of the nation’s largest cities, homeownership is out of reach for most Americans. A new study from Clever Real Estate finds that 44 of the 50 largest metropolitan areas in the U.S. do not have prices […]
Musk says Tesla’s affordable EVs coming next year
Kingsview Wealth Management CIO Scott Martin joins the “Big Money Show” to analyze the financial impact of Elon Musk’s latest promise of “affordable” Tesla cars. Tesla CEO Elon Musk The EV maker said it plans to introduce a new, more affordable model in early 2025, after the status of its long-discussed plans for a low-cost […]
Tesla stock soars after Elon Musk promises affordable EV
Tesla shares rose in early premarket trading Wednesday after CEO Elon Musk said he would accelerate the rollout of more affordable electric vehicles in hopes of boosting sluggish profits. It soared more than 11%. Musk’s announcement was aimed at calming jittery investors on Wall Street who were still digesting the company’s latest earnings report, released […]
Tesla Stock Surges Despite Dismal Quarter as Elon Musk Promises Affordable EVs by 2025
Tesla shares rose after CEO Elon Musk announced that the company aims to begin producing affordable electric vehicle models by early 2025, or perhaps later this year. Shares rose about 12% in premarket trading Wednesday. This recovery came despite dismal earnings, including a 55% drop in first-quarter net income. CNBC report Despite Tesla’s disastrous first […]
Could Dutch-style mortgages make homes more affordable in the US?
(news nation) — For many Americans, the dream of owning a home is It’s more like a nightmare in recent years. Mortgage interest rates are rising, inventory is low, prices are rising. A difficult real estate market has some buyers wondering, “Is there a better way?” One alternative is in the Netherlands. The Netherlands offers […]
How It Started… How It’s Going: Homes have become less affordable since Biden took office
FOX Business’ Jerry Willis reports on the rise in home ownership costs over the past four years. Housing in the United States is becoming increasingly unaffordable. President Biden’s term One study found that buyers in nearly half of 50 states needed a six-figure salary to afford a median-priced home in January. While the Biden administration […]
$40 billion of COVID-19 aid unlocked to build affordable housing
Teachers and other essential workers will be eligible for leave under expanded affordable housing rules, according to a recent Treasury Department document. (iStock) To encourage affordable housing projects, the U.S. Treasury plans to ease state and local governments’ access to unused COVID-19 funds. According to a recent report, the department announced it would update its […]
Is Utah really the most affordable state in the US?
Things aren’t like they used to be around these parts, but a new study still claims Utah is the most affordable state in the U.S. FULL … source
Trader Joe’s offers affordable lunch with new grab-and-go store Pronto
The lines are never long at this Trader Joe’s. On Tuesday, the grocery store chain opened a grab-and-go store near Union Square in what was once the popular Trader Joe’s Wine Shop. The store, called Trader Joe’s Pronto, offers affordable, lunch-friendly options for those looking for a quick bite to avoid the lines of bulk […]