The Federal Reserve is expected to keep interest rates steady following a two-day meeting, despite signs that rate cuts may be on the horizon. Federal Reserve Chair Jerome Powell has emphasized the need to strike a balance between combating inflation and supporting economic growth through interest rate adjustments. However, even as the Fed considers lowering
Real Estate
As spring approaches, the real estate market typically sees an increase in buying and selling activity. The number of new listings has already shown a significant increase compared to last year, with a jump of 14.8%. This surge in new listings is the largest annual gain since May 2021, according to recent data from Redfin,
Rudy Giuliani, the former Mayor of New York City and personal lawyer to ex-President Donald Trump, is facing significant financial challenges as creditors are looking to force him to sell his $3.5 million condo in Florida in order to help pay off his substantial debts. In December of last year, Giuliani filed for bankruptcy protection,
As we approach the spring season, individuals searching for rental properties are confronted with a highly competitive market. The latest Rental Market Report from Zillow Group reveals that the average asking rent in the U.S. surged to $1,959 in February. This represents a minimal 0.4% increase from the previous month but a significant 3.5% uptick
In the past week, there has been a slight decrease in mortgage rates, resulting in a noticeable increase in mortgage demand for the second consecutive week. The Mortgage Bankers Association reported a 7.1% rise in total application volume compared to the previous week. Specifically, the average contract interest rate for 30-year fixed-rate mortgages saw a
It is no secret that former President Donald Trump has faced numerous legal battles throughout his career. However, recent court filings by New York Attorney General Letitia James have shed light on Trump’s financial vulnerabilities. In a court filing, James warned that Trump may not have the necessary funds to cover a $464 million civil
President Joe Biden has put forth a series of plans to tackle the ongoing affordable housing crisis in the United States. These proposals include new tax breaks specifically aimed at first-time homebuyers and sellers of “starter homes.” During his recent State of the Union address, Biden emphasized the importance of addressing the rising cost of
Sonali Pier, the ambitious daughter of Indian immigrants, embarked on her journey towards excellence in the financial industry after graduating from Princeton University in 2003. Starting her career as a credit trader at JPMorgan in New York, Pier ventured into a male-dominated field that presented its own set of challenges. However, she persevered and eventually
Even though spring has not officially started yet, the housing market is already showing signs of movement with an 11% increase in mortgage applications to purchase a home compared to the previous week. However, demand is still 8% lower than it was a year ago. The average contract interest rate for 30-year fixed-rate mortgages has
The legal battles facing Donald Trump are not just a nuisance but a significant financial burden as well. With civil penalties totaling nearly $540 million, Trump is racing to find a way to stave off these penalties without having to put up the full amount in cash or bonds. His lawyers argue that requiring him