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Dow Drop
April 1, 2022
Economy

The Dow dropped about 550 points, wrapping up stocks’ worst quarter in two years as investors juggled war, inflation and rising interest rates.

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4% Mortgages
March 31, 2022
Featured

The average mortgage rate on a 30-year home loan surged past 4% for the first time in three years in March.

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401(k) Withdrawals
March 30, 2022
Economy

About 80% of people subject to mandatory retirement account distributions withdraw more than the required minimum because they need the money.

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Corporate Travel
March 29, 2022
Featured

Big corporate travel-management companies are hovering around 50% of 2019 booking levels, much of which is due to the lack of international travel.

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Inflation
March 25, 2022
Economy

The Wharton School of the University of Pennsylvania estimates that last year’s inflation required the average household to spend around $3,500 more to achieve the same level of consumption of goods and services as in 2019 or 2020.

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Half Point Increases
March 23, 2022
Economy

Federal Reserve Chairman Jerome Powell said the central bank was prepared to raise interest rates in half-percentage-point steps and high enough to deliberately slow the economy if it concluded such steps were warranted to bring down inflation.

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Manhattan Sales
March 22, 2022
Featured

Co-op and condo sales in Manhattan reached record levels last year, in part due to pent-up demand following limited activity in 2020. The median sales price for all apartments in the borough topped $1.1 million, the second-highest level of the past decade.

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Home Values
March 21, 2022
Featured

The estimated value of the typical U.S. home rose 19.6% to $321,634 in 2021, an increase of $52,667 from 2020.

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