If you own a home or have been interested in buying one, you are aware of the sizeable U.S. residential real estate downturn. Sales numbers are dropping to their lowest rates since 2020, but interest rates continue to rise to around 6.5%. This scenario doesn’t mean investors should look to another option viewed as less volatile.
Take real estate investment trusts (REITs), for example. REITs are not just a platform for investing in residential real estate, offering properties such as retail spaces, large malls, hotels, apartment buildings, office space and hospitals. And though home …….
Still, the market has been steadily cooling for months. From the beginning of September to the end of November 2022, rents saw the sharpest three-month drop since 2017, when Apartment List first started tracking such data.
The national median rent is now $1,356 a month, according to Apartment List. Heading into 2023, renters will have more options than they’ve had in a long time, with new housing units coming onto the market and less competition.
Rental construction was up almost 18 percent fro…….
Neither the S&P 500 nor Tesla has since reached the heights they achieved on Jan. 3. The S&P 500, which finished lower on Friday, declined 19.4 percent for the year — its worst annual performance since 2008. Cryptocurrency giants like FTX have fallen, and debt is no longer cheap.
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What is inflation? Inflation is a loss of purchasing power over time, meaning your dollar will not go as far tomorrow as it did today. It is typically expressed as the annual change in prices for …….
Stocks slipped on Friday to end a brutal 2022 with a whimper, as Wall Street wrapped up its worst year since 2008 on a sour note.
The Dow Jones Industrial Average slid 73.55 points, or 0.22%, to close at 33,147.25. The S&P 500 shed 0.25% to end at 3,839.50. The Nasdaq Composite ticked down 0.11% to 10,466.88.
Iran has embraced cryptocurrency as a means to avoid international sanctions and make more money. Eric Lob, a non-resident scholar with the Middle East Institute’s Iran program and an associate professor at Florida International University, joins CBS News to discusses his research.
Solana logo displayed on a phone screen and representation of cryptocurrencies are seen in this illustration photo taken in Krakow, Poland on August 21, 2021.
Jakub Porzycki | NurPhoto | Getty Images
Solana was touted as the cryptocurrency that would challenge ether with an eco-friendlier approach, faster transaction speeds and more consistent costs.
Investors who made that bet had a miserable year. The token’s market cap collapsed from over $55 billion in January to barely above $3 billion at year-end.
Among Solana’s biggest problems in late 2022 was its close relat…….
FTX founder Sam Bankman-Fried leaves following his arraignment in New York City on December 22, 2022.
Ed Jones | AFP | Getty Images
Of the billions of dollars in customer deposits that disappeared from FTX in a flash, $200 million was used to fund investments in two companies, according to the Securities and Exchange Commission, which charged founder Sam Bankman-Fried with “orchestrating a scheme to defraud equity investors.”
Through its FTX Ventures unit, the crypto firm in March invested $100 million in Dave, a fintech company that had gone public two months earlier thro…….
1. Bigger contribution limits on retirement accounts
If you’re eager to boost your retirement savings, there’s good news for 2023: higher contribution limits for your 401(k) and individual retirement account.
In 2023, the employee deferral limit is $22,500, up from $20,500, and catch-up deposits for savers age 50 and older jump to $7,500, up from $6,500. These increases also apply to 403(b) plans, most 457 plans and Thrift Savings Plans.
“That’s a big change for a lot of people,” said certified financial planner Brandon Opre, founder of Trust…….
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All-Clad’s got an amazing year-end deal on its pots and pans.
For the new year, you deserve a new kitchen experience. Your stove and oven have been so good to you; why not spoil them in 2023?
Amazon’s running an amazing sale right now on 10-piece cookware and bakeware sets from All-Clad, a top-rated brand that’s scored high in our lab tests for lots of different items. In fact, its beautiful, durable, and even-heating D5 line is our top splurge-worthy pick for stainl…….
As we prepare to ring in 2023, Wine Spectator’s editors are taking a moment to toast the wine industry pioneers, innovators, leaders and chroniclers we lost this year, among them one of our dearest friends.
This year we said goodbye to California Pinot Noir pioneer and Calera founder Josh Jensen, charismatic Château Léoville Barton owner Anthony Barton, Napa vintner Jack Cakebread, Two-Buck Chuck innovator Fred Franzia, Burgundy’s Louis-Fabrice Latour, Sonoma’s Joe Rochioli Jr., restaurateur Tony May and our own Kim Marcus. We’…….