Most economists see the US turning into a buyer’s housing market in 2023 and why Ian will rank among the worst hurricanes in Florida history

Hi MarketWatchers. Don’t miss these top stories. Most economists see the US turning into a buyer’s housing market in 2023. Here’s where you’ll see the biggest declines in value. Are you a house hunter frustrated by the red-hot housing market? A new report by Zillow may give you hope. Read More Marjorie Taylor Greene and … Read more

Jennifer Lawrence Lists Her New York City Loft for $10.5M and who is still eligible for free school lunches — and how can you apply?

Hi MarketWatchers. Don’t miss these top stories. Jennifer Lawrence Lists Her New York City Loft for $10.5M May the odds be ever in her favor! Jennifer Lawrence recently listed her swanky three-bedroom loft in New York City’s star-studded Tribeca neighborhood for a cool $10.5 million. Read More Advice from a longtime real-estate agent: ‘Owners are … Read more

This is the one part of the labor market where workers have less bargaining power

Friday’s jobs report showed surprising strength in the labor market, but there are signs that all may not be well for all workers. Quitting in low-wage sectors such as retail, leisure and hospitality is slowing down, said Nick Bunker, an economist at Indeed Hiring Lab. That means people working in those sectors probably have less … Read more

‘Makes their blood boil’: Democrats criticize trillion-dollar companies for paying low tax rates and state-by-state tax-free shopping guide for back-to-school supplies

Hi MarketWatchers. Don’t miss these top stories. ‘Makes their blood boil’: Democrats criticize trillion-dollar companies for paying low tax rates More than 100 US companies are paying an average effective tax rate of 1.1%, according to new data released by Senate Finance Committee Chairman Ron Wyden. Read More ‘Arguably, it is the best time ever … Read more

Equifax’s credit score errors added $154 to Florida woman’s monthly car loan payment, lawsuit alleges and mortgage rates drop to lowest level since April as ‘high uncertainty’ creates volatility

Hi MarketWatchers. Don’t miss these top stories. Equifax’s credit score errors added $154 to Florida woman’s monthly car loan payment, lawsuit alleges The lawsuit against Equifax comes at a time of hot inflation and rising rates for car loans, credit cards and mortgages Read More Mortgage rates drop to lowest level since April as ‘high … Read more

Americans’ credit-card debt just had the biggest jump in more than 20 years and here’s why growing up with rich friends can help a child escape poverty

Hi MarketWatchers. Don’t miss these top stories. Americans’ credit-card debt just had the biggest jump in more than 20 years, New York Fed says Americans added $312 billion in debt during the second quarter — an increase that New York Fed researchers called ‘pretty sizable.’ Read More Campus COVID-19 vaccine mandates had the biggest impact … Read more

‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard

The Federal Reserve hiked its benchmark rate by 0.75 percentage points on Wednesday in an effort to temper the rising costs of consumer goods and services. While economists say raising the interest rate will help cool consumer demand and hopefully ease record-high inflation, it will also raise the cost of borrowing for everything from houses … Read more

‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard

The Federal Reserve hiked its benchmark rate by 0.75 percentage points on Wednesday in an effort to temper the rising costs of consumer goods and services. While economists say raising the interest rate will help cool consumer demand and hopefully ease record-high inflation, it will also raise the cost of borrowing for everything from houses … Read more

‘It will be mostly a white-collar recession’: Milken economist William Lee on how the next economic downturn will be different

“It will be mostly a white-collar recession. And the blue-collar recession will not be in the same places that we saw in the past.” That was William Lee, chief economist at the Milken Institute, a Santa Barbara, Calif.-based think tank, in an interview with MarketWatch, speculating on the nature of America’s next recession. Amid rising … Read more

‘Everybody thinks we’re in a recession, except the labor market’: Economists don’t see signs of downturn in jobs data and Americans are growing ‘increasingly frustrated’ with the economy and gloomy about the housing market

Hi, MarketWatchers. Do not miss these top stories. ‘Everybody thinks we’re in a recession, except the labor market’: Economists do not see signs of downturn in jobs data The latest Job Openings and Labor Turnover data raises the stakes for Friday’s jobs report, said Bledi Taska, chief economist of labor analysis group Lightcast. Read More … Read more