The US economy in 2024 is a raging sea, with inflation raging like a relentless storm. Consumers and policymakers alike are anxiously watching inflation data, a key indicator of the health of the economy. However, cautious optimism prevailed in May 2024. After a steady rise for months, inflation began to show signs of calming. This development rekindled hopes for a possible Federal Reserve interest rate cut. This move could be a much-needed life raft for the US economy. Breaking down the data: CPI remains stable, but fundamental changes Let's take a closer look. The Consumer Price Index (CPI), a key…
Author: Private Lending Agent
This was a toxic marriage. A major Miami-Dade County real estate developer is being investigated by the FBI for allegedly making threats to his estranged wife's life after her alleges in divorce proceedings that he poisoned her multiple times with fentanyl. Tatiana Pino, who has been married for 32 years to Century Homebuilders Group president Sergio Pino, said in an affidavit that doctors found fentanyl in her system after multiple hospitalizations over the past three years, the Miami Herald reported. Tatiana, who filed for divorce in April 2022, said she believes her 67-year-old husband is responsible for her deteriorating health…
A promising talent, Luke Clanton, has arrived on the golf world and everyone wants to know more about him. Having a father who is a golf coach is the best gift a golfer can have, and that was the case for Clanton. His father, David Clanton, was also a golf coach in addition to his two other jobs and helped Clanton become the player he is today.Golf's rising star is working his way up the ladder one step at a time, and with his recent performance at the 2024 Rocket Mortgage Classic, Clanton is poised to make history. As he…
refresh 2024-06-30T18:24:36.685Z Ray takes second place in regulationLye birdied the first hole, then on the very next hole, he hit the green for his second birdie and made the putt in close range. Amateur Luke Clanton impresses Amateur Luke Clanton (20) has impressed many fans and pundits this week. He birdied the third hole today to fall at -1 through three holes for a -15 total. He is trying to catch Nick Dunlap by winning as an amateur. 20-year-old Luke Clanton ranks fourth in driving distance this week, averaging 319.2 yards in just his second start on tour. pic.twitter.com/XijzxwIj7yJune 30,…
Historically, satellite broadband (and satellite calling) has been provided by a handful of satellites in geostationary orbits that rotate with the Earth's rotation, at an altitude of about 20,000 miles. Musk's Starlink involves a constellation of about 6,000 satellites (and counting) clustered at altitudes of 210 to 400 miles above Earth. The close proximity of the satellites improves broadband performance and minimizes latency.Ivory says latency isn't an issue. Fletcher runs a high volume of Microsoft Teams calls across all Starlink locations without issue, and he finds latency to be typically between 20 and 40 milliseconds, which he says is “not…
All products and services featured are independently selected by our editors, however StyleCaster may receive commission for orders placed through retail links and the retailer may receive certain auditable data for accounting purposes. In the competitive world of New York real estate, Ryan Serhant's net worth is among the highest. Known for his roles in Bravo's Million Dollar Listing New York and the new Netflix series Owning Manhattan, Serhant has made a name for himself in the world of luxury real estate and reality TV, and his journey has been nothing short of inspiring. Born in Texas and raised near…
Since the second half of 2022, mortgage rates have surged to 6% to 7%, and by fall 2023 they had risen nearly to above 8%, marking the highest 30-year mortgage rate in more than two decades.Rising interest rates, combined with rising home prices, are causing mortgage payments to skyrocket. According to the National Mortgage Bankers Association, the average monthly mortgage payment for a new home purchase is now $2,219, 2.5% higher than a year ago. This increase is discouraging many homebuyers from purchasing and deterring existing homeowners from selling (about 9 in 10 people currently have interest rates below 6%…
Maxiphoto/iStock via Getty Images The Real Estate Select Sector SPDR Fund ETF (NYSEARCA: XLRE ) fell 2.83% in the second quarter after a weak April month, while the S&P 500 Index rose 4.1%. The fund fell in April as market participants sharply lowered their expectations for interest rate cuts following hawkish rhetoric from the Fed, with XLRE down 8.63% for the month. The next two months were more optimistic but not enough to make up for April's declines: the index rose 5.17% in May and 0.76% in June as economic data released rekindled hopes of interest rate cuts. XLRE recorded…
Sweaty fighter gets punched in the faceGetty I love the real estate economy. But I'm not a landlord. Change your own light bulbs. Don't call me. The advent of real estate investment trusts (REITs) has made it possible for people to earn landlord-like income from their computers and smartphones. Why are these “virtual 4 property” trades available in convenient ticker format? Thank you, Congress (no joke!)! By law, a large portion of REITs' earnings must be returned to us, the shareholders, in the form of dividends. Even the average REIT ends up paying higher dividends than most other sectors, and…
In 2020, I wrote a quick overview of the U.S. real estate market with charts to show how the pandemic was affecting the housing market. Now that a few years have passed, it's time to update these charts. The monthly supply of existing homes measures the number of months it would take to sell all the homes on the market at the current sales pace. They are trending significantly higher from the lows of late 2021/early 2022. This is good news for a healthy housing market. The pandemic has created a surge in demand for housing, leading to a mini-boom…