Home prices have been climbing at their fastest rate since the 2008 crash. Record-low inventory and massive demand have led to bidding wars fierce competition between potential buyers. Still, the majority of Americans feel now is a good time to buy a home. In a recent Gallup poll, 53% of Americans said now is a […]
Prices rose at the fastest pace in more than 12 years in April, according to the Labor Department. The Consumer Price Index (CPI), which measures prices for a basket of common goods, as well as housing and energy costs, rose 4.2% from a year earlier. This is much higher than the 3.6% increase economists had […]
Over the last year, the price of lumber has exploded. The price for 1000 board feet (bd ft), the standard unit to track prices in the industry, has climbed 377% to a record high of $1,635. Historically, prices fluctuate between $200 and $400. To demonstrate just how much of an impact this spike in prices […]
Saving for retirement is very personalized. How much you will need depends on a variety of factors like your income, investments, and desired lifestyle in retirement. However, it is only natural to want to compare your level of savings with your peers in your age cohort. Well, luckily the Federal Reserve Board makes it easy […]
Last year saw 493 newly minted billionaires, bringing the total number to 2,755. Nearly a quarter of them live in just 10 cities, and, for the first time in seven years, New York City no longer has the highest number of billionaire residents. Beijing has overtaken the Big Apple, adding 33 new billionaires, raising its […]
