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The Latest Breaking News from Nicole Bachaud

Nearly 2 Million Americans Have Been Out of Work for Over Six Months, the Highest Toll Since 2021

Long-term unemployment in the US has climbed to its highest level since December 2021, with nearly 2 million out of work for six months or more despite a strong May jobs report.

International Business Times UK

U.S. hiring rate just hit its lowest rate since 2020, but Donald Trump’s too busy burning billions

The United States hiring rate just tumbled to 3.1% in February, marking its lowest point since April 2020, according to the latest Job Openings and Labor Turnover Survey (JOLTS) report from the Bureau of Labor Statistics. This is a pretty big deal because that 2020 low was when the economy…

The Mary Sue

Hiring just hit a level not seen since the economy was ‘closed down literally’ during COVID, top economist says

The war with Iran could make companies start firing, Navy Federal Credit Union’s Heather Long said.

Fortune

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Desperate job seekers are abandoning the idea of a ‘dream job’—but an economist warns bosses about what could happen next

More than a quarter of new employees took a pay cut, showing that bosses hold the power.

Fortune

Top economist says latest jobs data shows a 'gut-wrenching’ labor market for the middle class

“We’re growing, but we can’t generate jobs,” KPMG chief economist Diane Swonk told Fortune. “Never seen anything like it.”

Fortune

The labor market's holiday present for America: the highest unemployment in 4 years. It might be 'noisy' but the jobs just aren't there

The November jobs report showed unemployment rose to a four-year-high.

Fortune

Your Guide to the Housing Market in 2024

The challenging housing market conditions that dominated 2023 are easing, but buyers and sellers must take action to stay ahead.

Kiplinger

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Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward

This ‘crucial milestone’ that signifies financial stability will be lost on new homeowners for more than a decade.

Fortune

Homeownership grows more unaffordable as average new mortgage payment increases over 95%

FORT LAUDERDALE, Fla. — The average new mortgage payment for a home has almost doubled in South Florida over the past year as interest rates skyrocket.

Tribune News Service

How much will a house cost by 2030? Predictions and tips to start saving

Just 17 percent of Americans believe it’s a good time to buy a home, according to a recent survey from Fannie Mae. Between higher mortgage rates, still-high home prices and broader inflationary pressure, putting off buying a home might be the only option for some. What happens if you wait,…

Tribune News Service

As interest rates spike, homebuyers turn to adjustable-rate mortgages

Home prices are falling fast in some of the most expensive real estate markets, such as California's Bay Area, but interest rates are on the rise — meaning that for many, the home of their dreams is now out of their price range.

Tribune News Service

Five things to know about the next US housing crisis

High home prices, scarcity and global uncertainty may be the perfect recipe for a US housing crisis, economists say.

Al Jazeera

Are Bay Area home sellers finally cutting asking prices? Here are some signs that’s so

Bay Area home buyers faced with skyrocketing real estate prices and mortgage costs that have more than doubled over the last year appear to be hitting their limit, pushing more home sellers to do what has become almost unthinkable in the region’s white-hot market: cut prices.

Tribune News Service

Housing Beat: Mortgage Rates Up Again, Homes With High Fire Risks Sell For More

This week in the housing market, mortgage rates resumed their upward movement, mortgage applications continued their downward movement and industry experts weighed in on the arrival of the next recession.

Benzinga

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Tribune News Service

Suburbs far outpace urban areas in US home value growth

The urban real estate market has been running hot in the U.S. since last summer. But the suburbs have been even hotter, according to an analysis from Zillow Group Inc.

Tribune News Service

Home values shot up by $72,000 on average in South Florida, dwarfing what many workers make in a year

Homeowners saw their homes make more money than the typical salary in Florida, a new report from Zillow shows.

People

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