Locked in at historically low interest rates. Platforms that make managing rentals a breeze. Homeowners have little incentive to put a house on the market.
Category: United States Economy
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When It’s Easy to Be a Landlord, No One Wants to Sell
The New York Times – Business: -
Real Interest Rates Are Moving Up, but Don’t Celebrate Yet
The New York Times – Business:While markets are predicting that inflation will fall further, savings rates still aren’t keeping up with the prices we’re paying.
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What Recession? Some Economists See Chances of a Growth Rebound.
The New York Times – Business:The Federal Reserve has raised rates rapidly. But instead of cracking, some data point to an economy that’s thriving.
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Big Brands Keep Raising Prices, With Limited Shopper Resistance
The New York Times – Business:Consumers continue to absorb significant price increases by PepsiCo, Unilever and others. The companies say that prices will remain high in the months to come.
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As Biden Prepares to Tout Economy, Fed Chair Powell Takes a Cautious Tone
The New York Times – Business:The White House has embraced signs that the economy is strong. For the Fed, that strength could prolong its fight against inflation.
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U.S. Trade Deficit Surged in 2022
The New York Times – Business:The widening gap between what the United States imports and what it exports was driven by strong growth in foreign goods coming into the country.
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Immigration Rebound Eases Shortage of Workers, Up to a Point
The New York Times – Business:While the Biden administration has accelerated processing after Trump-era restrictions and a pandemic slowdown, visa backlogs remain large.
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The Week in Business: The Fed Slows Down
The New York Times – Business:Jobs numbers soared far past analysts’ forecasts. Meta’s stock price surged. And Robert Iger faces a major test as Disney reports its first quarterly earnings since he returned as C.E.O.
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Strong hiring hints at more work ahead for the Fed, but wages cool.
The New York Times – Business:The Fed is tracking incoming labor figures as it decides how high interest rates need to go and how long they should stay elevated.
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U.S. employers added 517,000 jobs in January.
The New York Times – Business:The hefty hiring figures defied expectations and underscored the challenges facing the Federal Reserve, which is trying to cool the labor market in its effort to tame rapid inflation.