Business
The Housing Market Isn’t Booming For Everyone: Four Numbers That Sum It All Up – Forbes
Many see the housing market’s performance as a sign the economy is on the right track, but the recovery isn’t being felt by all Americans.
getty
As the coronavirus pandemic took hold in the United States, mortgage rates plummeted as the Federal Reserve slashed interest rates to near zero. Those rock-bottom borrowing rates helped prop up the housing market during the worst of the economic slowdown in the spring and fueled tremendous growth in July.
While it may be a hot time to buy for some, Americans on the lower end of the income spectrum are struggling. Here are four numbers that shed light on the bifurcated housing market.
…
-
General21 hours agoInternal Revenue Service starts cutting 20,000 workers
-
Noosa News20 hours agoMan killed, woman seriously injured in collision in Wongabel, Atherton Tablelands, Queensland
-
Noosa News20 hours agoMoreton Bay oyster farm survives cyclone with help of wave wall innovation
-
Business22 hours ago$10,000 invested in ANZ shares 5 years ago is now worth…