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A black and white photograph shows the structures making up Gaza city, with the minaret standing tall in the background. A black and white photograph shows the structures making up Gaza city, with the minaret standing tall in the background. A black and white image shows Gaza’s old town, with the minaret standing above other structures in the back. A black and white photograph shows Gaza’s old town, its houses and palm trees. A black and white photograph shows Gaza’s old town, its houses and palm trees.

Persons: Samson, Samar Abu Elouf, ”, Jehad Abusalim, They’re Organizations: Crusaders, Palestine Exploration Fund, Ottomans, British, Colony Photo Department, Library, Supreme Muslim Council, The New York Times Locations: Gaza, Gaza City, Palestine, Mecca, British, Ottoman, Jerusalem, Samar, Palestinian

☆ How Trump could turn a guilty verdict into a win
▼ + stars: | 2024-05-28 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

Twelve New Yorkers will then weigh the possibility of a historic verdict: finding the first-ever former president guilty in a criminal trial. Polling shows that a guilty verdict has some potential peril. AdvertisementIn a recent Quinnipiac University nationwide poll, 62% of voters said a guilty verdict would not affect their vote in November. It's not hard to imagine that in responding to a potential guilty verdict Trump lashes out in a way that causes him more problems. During the Manhattan criminal trial, Trump has sent repeated fundraising appeals, including when Justice Juan Merchan found Trump in contempt for violating his gag order.

Persons: —, Donald Trump, Joe Biden, Trump, Jean Carroll, Cook, Mike Johnson, Donald Trump's, Justin Lane, It's, Paul Ryan, couldn't, Kevin McCarthy, Mike Pence, Ron DeSantis, Tish James, Justice Juan Merchan Organizations: Service, Business, Trump, Quinnipiac University, Republicans, GOP, Yahoo, New York Times, Siena College, Justice Department, Florida Gov, Politico, New York, Save Locations: Manhattan, Quinnipiac, Donald Trump's Manhattan, weaponized, Florida

☆ Former World Bank executive on how to close the global gender finance gap
▼ + stars: | 2024-05-28 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Against this backdrop, Mary Ellen Iskenderian of Women's World Banking decided to jump in to help. Women's World Banking has focused much of its research on Ukrainian refugees, in particular, since they have overwhelmingly been women and their dependents, given the country's conscription requirements. "There's a tremendous opportunity with blockchain, finance, and digital ID," Iskenderian said. The World Bank estimates that 850 million people globally don't have proof of legal identity — that is, no birth certificate, passport, driver's license, or national ID. World Bank survey data has found that in low-income countries, 44% of women do not have an ID, versus 28% of men.

Persons: Mary Ellen Iskenderian, We've, Iskenderian Organizations: Banking, Bank, CNBC Locations: Ukraine, Ukrainian, masse

☆ Here are Tuesday's biggest analyst calls: Nvidia, Meta, Dell, Amazon, Apple, CrowdStrike, Netflix, Airbnb & more
▼ + stars: | 2024-05-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

UBS upgrades Globant to buy from neutral UBS said it sees "demand stabilization" for the IT and software development company. Wedbush upgrades Airbnb to outperform from neutral Wedbush said investors should buy the dip in shares of Airbnb. Morgan Stanley reiterates CrowdStrike as a top pick Morgan Stanley raised its price target on the stock to $422 per share from $372. Morgan Stanley reiterates Microsoft and Meta as overweight Morgan Stanley said in its analysis of large-cap institutional ownership that Microsoft is most under-owned and Meta the most over-owned. " Morgan Stanley reiterates Amazon as overweight Morgan Stanley said the e-commerce giant has a "widening" competitive advantage. "

Persons: Melius, Truist, Mizuho, Hannifin, it's, Futu, Steve Steinour, Zach Wasserman, Huntington, NCLH, Wells, Morgan Stanley, CrowdStrike, Dell, John Donovan, JMP, Guggenheim Organizations: Nvidia, Parker, Mizuho, Argus, UBS, JPMorgan, NASDAQ, 38ppt, " Bank of America, Bank of America, RBC, Netflix, &, Deutsche Bank, Deutsche, Citi, DuPont, Department of Justice, TAM, Guggenheim, Microsoft, Meta, Apple Locations: Asia, Airbnb, ZS, China

☆ Appeals court rejects argument that Democratic-lean of DC’s jury pool makes it unfit for January 6 cases
▼ + stars: | 2024-05-28 | by ( Tierney Sneed | ) edition.cnn.com time to read: +2 min

CNN —A federal appeals court, including two Donald Trump appointees, ruled Tuesday that the Democratic-lean of Washington, DC’s, population does not make its jury pool too biased to try a January 6 Capitol rioter case. The DC US Circuit Court of Appeals, in an opinion written by Barack Obama-appointed Judge Patricia Millett and joined by Judges Gregory Katsas and Neomi Rao, both Trump appointees, rejected the version of the argument put forward by Webster. “Webster asserts that the District overwhelmingly voted for President Biden and historically votes for Democratic candidates. … That may be,” Millett wrote. “Generalized disapproval of criminal conduct — even the specific conduct at issue in a defendant’s case — says nothing about a juror’s ability to be impartial in deciding whether a particular individual committed a crime or not.”

Persons: Donald Trump, Thomas Webster, Barack Obama, Patricia Millett, Gregory Katsas, Neomi Rao, Webster, “ Webster, Biden, ” Millett, Richard Nixon, “, ” Organizations: CNN, Democratic, Capitol, New York Police, Trump, DC, Circuit, Appeals, DC Circuit Locations: Washington, DC’s

Video Credit: WxChasing / LSMNew video shows the aftermath of a tornado in southwestern Kentucky. The aerial footage over Charleston, Kentucky, shows cars tossed into the piles of debris that are remains of houses. A rare tornado emergency was issued for the area on Sunday evening, warning of a "large and destructive tornado" and urging residents to take action. the National Weather Service in Paducah, Kentucky, said. Survey crews from the National Weather Service will visit the area to determine how strong the tornado was.

Organizations: LSM, National Weather Service Locations: Kentucky, Charleston , Kentucky, Paducah , Kentucky

☆ Deadly storms turn northeast with 68 million at risk of severe weather on Memorial Day
▼ + stars: | 2024-05-27 | by ( Patrick Smith | ) www.cnbc.com time to read: +3 min

Flash flooding alerts were in place for 9 million people, mostly in Tennessee, Kentucky and southern Indiana. At least 68 million people were under severe weather warnings on Memorial Day, as storms turned toward the Northeast after claiming the lives of at least 19 people and leaving half a million homes and businesses without power across the central United States. Some emergency phones lines had been damaged and were not operational, Kentucky State Police said, according to NBC affiliate WNKY of Bowling Green, Kentucky. Monday's weather warnings come after a torrid night across southern states and in the Great Plains. Weather watchers posted pictures from Missouri and Kentucky showing huge, ominous funnel clouds as well as golf ball-sized hailstones.

Persons: Cindi Watts, Evan Garcia, Mike Morgan, Michelle Grossman, Brian Spurlock Organizations: REUTERS, NBC, Indianapolis, Indianapolis Motor Speedway, Getty, Kentucky State Police, Tornadoes, NWS, National Weather Service, Lone Star State, West, Associated Press Locations: Temple , Texas, U.S, Colorado, Rand, Denver, Jackson, Tennessee , Kentucky, Indiana, Arkansas, Tennessee, Ohio, East Coast, Carolinas, Pennsylvania, New York, United States, INDIANAPOLIS, Indianapolis , Indiana, Kentucky, Missouri, West Virginia, Bowling Green , Kentucky, Great, Texas, Oklahoma, Valley View , Texas, Fort Worth, West , Florida

☆ Social Security's 2025 bump is projected to be the smallest in 5 years
▼ + stars: | 2024-05-27 | by ( Cork Gaines | ) www.businessinsider.com time to read: +3 min

The Senior Citizens League's latest projection forecasts Social Security's 2025 cost-of-living adjustment (COLA) to be just 2.66%, the lowest increase since before the pandemic. AdvertisementAccording to the Social Security Administration, the average monthly benefit in 2024 is $1,907, up about $50 from 2023. Over 67 million Americans receive Social Security. AdvertisementOver 67 million Americans receive Social Security, and an increase is not guaranteed. Since the COLA was added to Social Security benefits in 1975, there have been three years without a bump in the monthly checks.

Persons: —, Shannon Benton, Benton, Ippei Naoi Organizations: Service, The, Business, Social Security, Senior Citizens League, Social Security Administration, Senior Citizen, Social, Labor Statistics, Citizen

☆ 7 remote and hybrid companies that will pay for your vacation—they're all hiring
▼ + stars: | 2024-05-27 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

A majority, 78%, of U.S. workers say they don't use all of their PTO, according to a new Harris Poll survey of 1,170 American workers. People cited busy schedules, heavy workloads and a persistent "pressure to always be available" as the biggest impediments to taking more time off. Still, paid time off is a sought-after benefit among U.S. workers, with 48% saying they would rather have more PTO than a higher salary, the Harris Poll found. Others are offering to help offset the cost of employees' vacations, either with flight or hotel credits. If you're looking for a flexible job that will allow you to work remotely and help you afford to travel more, these seven companies are hiring for remote and hybrid roles and help pay for employees' vacations, according to FlexJobs:

Organizations: Harris Locations: U.S

☆ Dollar firm ahead of global inflation data
▼ + stars: | 2024-05-27 | by ( ) www.cnbc.com time to read: +4 min

The dollar made a steady start to the week, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook. The euro , which gained 0.9% on the dollar last week, was in the middle of a range it has held for more than a year at $1.0846. German inflation on Wednesday and euro zone readings on Friday will be watched for confirmation of a European rate cut that traders have priced for next week. The dollar had fallen back after data showed a slowdown in consumer price rises in April and disappointing retail sales, before strengthening last week thanks to better-than-expected PMI survey data. China's yuan finished last week weaker than 7.24 per dollar, its lowest level since early May.

Persons: Sterling, Bob Savage, BNY, China's, Scott Gold, would've, Justin D'Anethan Organizations: New, U.S, Federal, Swiss, Tokyo CPI Locations: Britain, United States, U.S, Asia, New York

☆ Americans are expected to splurge on travel this summer — again
▼ + stars: | 2024-05-26 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Analysts are expecting the Memorial Day weekend to usher in yet another summer of strong consumer spending on travel and other leisure activities. “We haven’t seen Memorial Day weekend travel numbers like these in almost 20 years,” Paula Twidale, senior vice president at AAA Travel, said in a release. Spending this summer will likely be a little softer than last year’s, they said, but still strong. The bank’s consumer travel survey showed that 72% of people said they’re planning to travel, with 36% saying they’ve already planned their trip. Even among respondents making less than $75,000 a year, more than 60% said they’re planning to travel this summer.

Persons: ” Paula Twidale, Royal Caribbean’s, ” David Tinsley, they’ve, Joelle, aren’t, Dogecoin, Shiba Inu “, Atsuko Sato, ”, Sato, ” Kabosu, Kabosu, Shiba, Loretta Mester, Neel Kashkari, Lisa Cook, Robin, John Williams, Raphael Bostic, Lorie Logan Organizations: CNN Business, Bell, Washington CNN —, Transportation Security Administration, AAA, AAA Travel, Bank of America Institute, Bank of America, Japan, Europe, New York Fed, Public Policy Research, Mizuho Financial, Federal, Global, Index, Board, HP, Dick’s Sporting Goods, Abercrombie, Fitch, Eagle Outfitters, Costco, Dell, Dollar, Hormel, US Commerce Department, US Labor Department, National Association of Realtors, China’s National Bureau of Statistics, Atlanta Fed Locations: Washington, Caribbean, South Korea, Switzerland, Colombia, Costa Rica, Canada, Mexico, Domestically , California, Florida, California, “, Sakura, CAVA, Chewy, Burlington, Birkenstock, Nordstrom, Kohl’s

☆ American parents with young children say they haven't felt this financially insecure in nearly a decade. Here's why.
▼ + stars: | 2024-05-26 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Read previewThe financial well-being of American parents with young children is plummeting, highlighting how unaffordable childcare costs have become. Advertisementathima tongloom/Getty ImagesThe percentage of parents with children under 18 who felt "okay financially" dropped from 69% in 2022 to 64% in 2023. Data from the Federal Reserve shows that parents haven't felt this financially insecure since 2015, when it recorded 65%. "The median monthly amount that parents using paid care paid for childcare was $800. Business Insider estimated that it could cost parents nearly $26,000 a year to care for one child in 2024 — a 41.5% increase from 2016.

Persons: —, athima, haven't Organizations: Service, Federal Reserve, Household Economics, Decisionmaking, Business, of America, New Zealand Locations: United States

☆ Trump will try to spin his Manhattan trial verdict in his favor, no matter what happens
▼ + stars: | 2024-05-26 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

Twelve New Yorkers will then weigh the possibility of a historic verdict: finding the first-ever former president guilty in a criminal trial. Polling shows that a guilty verdict has some potential peril. It's not hard to imagine that in responding to a potential guilty verdict Trump lashes out in a way that causes him more problems. The easiest prediction is that Trump's verdict will likely spawn a wave of donations. During the Manhattan criminal trial, Trump has sent repeated fundraising appeals, including when Justice Juan Merchan found Trump in contempt for violating his gag order.

☆ Opinion: The ‘senior assassin’ game is all good fun — until it isn’t
▼ + stars: | 2024-05-26 | by ( Opinion Kara Alaimo | ) edition.cnn.com time to read: +5 min

Her book “Over the Influence: Why Social Media Is Toxic for Women and Girls — And How We Can Take It Back” was recently published by Alcove Press. Unsurprisingly, the game has resulted in many calls to 911, car crashes, a school evacuation and dangerous confrontations with actual gun owners. Of course, it’s easy to see why kids are playing “senior assassin”: they’re trying to connect with one another. Their generation spends less time with friends and more on social media. As police have warned, someone who thinks they’re in danger from an actual gun might meet a kid playing this game with deadly violence.

Persons: Kara Alaimo, ”, —, “, Kaylin Gillis, It’s, shouldn’t, what’s, I’ve, toymakers Organizations: Fairleigh Dickinson University, Women, Press, Facebook, CNN, USA, YouTube, University of Michigan’s, Pew Research, Twitter Locations: New York

☆ The high-end consumer is embracing travel this summer. These stocks will benefit, says Morgan Stanley
▼ + stars: | 2024-05-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Therefore, companies with exposure to the wealthier consumer should benefit, said a team of Morgan Stanley analysts led by Michelle Weaver. "This has changed post-Covid and we believe travel names exposed to high end consumers will continue to outperform those exposed to low end consumers." "We see a record spring and summer travel season with our 11 highest sales days in our history all occurring this calendar year," he said. Morgan Stanley continues to prefer the premium airlines. Its management has also noted its premium revenue is nearly 20% from last year and currently makes up 61% of revenue, he said.

Persons: Morgan Stanley, AlphaWise, Michelle Weaver, Ed Bastian, Ravi Shanker, Morgan, Shanker, Stephen Grambling, Hilton, Grambling, Wyndham, Jamie Rollo, Rollo, — CNBC's Leslie Josephs Organizations: Delta Air, Alaska Air, Alaska Airlines, American Airlines, Marriott, CCL, Royal, Norwegian Cruise Locations: Grambling, Royal Caribbean, Norwegian

☆ Hey, America, here's what's actually going on with the economy
▼ + stars: | 2024-05-25 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Read previewHey, America, we totally understand if you're not feeling so great about the economy. This story is available exclusively to Business Insider subscribers. If you're interested in learning more about what's going on with the economy take a look at the charts below. Unemployment rates in the US have been lowThe unemployment rate did climb from 3.8% in March to 3.9% in April, but that's still low. However, just because we aren't in a recession doesn't mean the economy is perfect.

Persons: —, We're, Harris, David Kelly, Eugenio Alemán, Raymond James, Gregory Daco, Kelly, Daco, Alemán, Raymond James doesn't Organizations: Service, Guardian, Business, Morgan Asset Management, Real Locations: America

☆ For Millennials, Living Alone Is Status Symbol Milestone
▼ + stars: | 2024-05-25 | by ( Juliana Kaplan | Rosalie Chan | ) www.businessinsider.com time to read: +14 min

That's helping establish a new millennial milestone for some: Ditching roommates, moving out from the family home, and landing on living alone. Business Insider's analysis of American Community Survey microdata from IPUMS found that 10.5% of millennials lived alone in 2022. Per BI's analysis of American Community Survey data via IPUMS, 16% of millennials lived with at least one parent as of 2022. (The data doesn't specify if that means they're living with their parents or if their parents are living with them.) Subsidized solo livingSome lower-earning millennials are able to get assistance reaching the solo-living milestone — but it's not always easy.

Persons: Jess Munday's, Jess Munday's San Francisco, Munday, " Munday, I'm, it's, IPUMS, millennials, Bella DePaulo, they've, DePaulo, she'd, Jess Munday, Dara Feller, Aria Velasquez, they're, " Velasquez, Velasquez, Erica Charles, she's, Charles, Rick Fry, Fry, She'd, She's, Clibborn, Sydney Krantz, He's, —, homeownership Chaz Zimmer, Chaz Zimmer, Adrianna Newell, Tomasz Piskorski, Piskorski, Zimmer hasn't, Zimmer, he's, James Paniagua, Paniagua, snagging, Julia Mazur, Kathy Pierre, Pierre Organizations: Business, American, Survey, Pew, BI Garak, BI, Subaru, Columbia Business School Locations: Jess Munday's San, Francisco's, San Francisco, Chicago, Washington ,, IPUMS, Florida, California, Waverly , New York, homeownership, Oakland , California, Los Angeles, Oakland, London, Austin, Charlotte , North Carolina, Charlotte

☆ Rise of resort day passes offers travelers luxury on a budget
▼ + stars: | 2024-05-25 | by ( Micah Washington | ) www.cnbc.com time to read: +5 min

Day passes at hotels and resorts offer guests access to amenities without the cost of reserving a room. Hotels and third-party partners are making day passes more readily available to help bridge the gap between travel-minded consumers and luxury prices. Luxury hotel room rates in July are expected to be 85% higher than the same month in 2019, before the Covid pandemic, according to the luxury travel company Virtuoso. Berg said day passes "give people exactly what they want" and provide a separate source of revenue for hotels. Customers who buy day passes through ResortPass often splurge on poolside or other hotel amenities more than overnight guests do, Wolf said.

Persons: Lora Bowler, Bowler, she's, Hayley Berg, Hopper, Berg, Sarah Payton, Michael Wolf, Wolf, ResortPass Organizations: The New, Booking.com, Consumers, Virgin Hotels, Empire, ResortPass, Waldorf, Astoria, JW Marriott Locations: The, The New York, U.S, Virgin Hotels New York City, Manhattan's Koreatown, Fontainebleau, ResortPass

☆ These cereals have the most fiber, protein and other essential nutrients, new report says
▼ + stars: | 2024-05-25 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

The quick and easy meal was among America's top 10 breakfast foods in 2019, according to a survey conducted by OnePoll in collaboration with Dave's Killer Bread. "I never recommend cereal to my patients to have for breakfast, simply because it's processed. I don't recommend anything that's processed," said Dr. Nancy Rahnama, an internist and clinical nutritionist. If you have only enough time to grab a bowl of cereal, reach for ones that are high in fiber and low in sugar, she advised. Here is a list of cereals that are high in nutrients like fiber and protein and low in added sugar, according to a recent report by Healthnews.com.

Persons: OnePoll, Nancy Rahnama, Rahnama, Healthnews.com Organizations: CNBC

☆ Apple's rumored MacBook of the future could arrive in 2026 — and cost a lot
▼ + stars: | 2024-05-24 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Apple could be releasing an all-screen foldable MacBook in 2026. Analyst Ming-Chi Kuo said production costs could rival the $3,500 Vision Pro headset. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementApple could be gearing up to release an all-screen, foldable MacBook for 2026, and it may cost quite a bit. That's according to Ming-Chi Kuo, a much-followed analyst who has previously been a go-to for Apple product predictions, having often done so accurately.

Persons: Chi Kuo, — Organizations: Apple, Service, TF International Securities, Business

☆ When I got married, I didn't take my husband's last name. That all changed when we had a baby.
▼ + stars: | 2024-05-24 | by ( Maddie Cohen | ) www.businessinsider.com time to read: +4 min

Read previewWhen my husband and I eloped on a cliff overlooking the Minnesota-Ontario border, I was adamant about keeping my last name. I didn't want to go through the hassle of all that paperwork, and I didn't see the need to share a last name with my spouse. Keeping my last name made me feel more independentI'd be lying if I said I didn't enjoy how keeping my maiden name made me feel. I experienced a shift in perspective when I got pregnantI was 28 when we started trying for a baby. I felt a closeness to my husband I'd never experienced before.

Persons: —, I've, nodded, We'd, I'm, I'd, Little, we'd Organizations: Service, Minnesota -, Business, Pew Locations: Minnesota, Minnesota - Ontario

☆ Welcome to the WFH Friday economy: It's a time for hair masks, spas, day drinking, and no-camera meetings
▼ + stars: | 2024-05-24 | by ( Juliana Kaplan | Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Read previewFor Hannah Kristin, the last day of the workweek has a new name: Hair Mask Fridays. Sure, there were spurts of relaxed Fridays in manufacturing and Friday after-work drinking culture, but since the 1990s Fridays have been pretty much like every other day, according to Bloom. "And then from 2021 onwards, it started to become the WFH day. "Personally, I don't mind it, but driving in rush hour traffic every day twice a day is just not my favorite thing," she said. Are you completing side quests on WFH Fridays?

Persons: —, Hannah Kristin, Kristin, It's, Tom Colella, Colella, they're, Nicholas Bloom, Bloom, Michele Allard, Sara Daigle, hybridly, Daigle, Gen Organizations: Service, Business, BI, Placer.ai, Stanford University, Daigle Locations: Chicago, New York City, Brooklyn, Manhattan, Dallas

☆ Talking politics at work: If you must, tread carefully
▼ + stars: | 2024-05-24 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

Sometimes someone with strong views can be unnerved by a person who thinks nothing is ever a big deal, and vice-versa. Either way, the question is: How can we keep our conversations about any of these lightening rod issues from derailing our ability to work well together? For employers: Stress civility and set guardrailsRegardless of any one hot-button issue, it seems like US culture has become less civil over time. And many polarizing conversations are happening at work in ways they weren’t years ago, according to SHRM, the leading human resources membership association. … Recognize that while his opinion may be contrary to yours, what is the goal of being at work?

Persons: New York CNN —, Donald Trump’s, ’ ”, Christy Pruitt, Haynes, Pruitt, Oliver Brecht, Cindy O’Peka, It’s, ” Pruitt, “ Compartmentalize, –, ”, “, ” Brecht, it’s, O’Peka Organizations: New, New York CNN, NeuroLeadership Institute, Consulting Locations: New York, Gaza

☆ British retail sales plunge 2.3% in April, missing estimates
▼ + stars: | 2024-05-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

People walk in the rain over the London Bridge in central London on March 12, 2024. Lucy North - Pa Images | Pa Images | Getty ImagesLONDON — U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics said Friday. "Sales volumes fell across most sectors, with clothing retailers, sports equipment, games and toys stores, and furniture stores doing badly as poor weather reduced footfall," the ONS said. Sales were up 0.7% across the three months to April compared to the previous three months following a weak December and holiday season, but were down 0.8% year on year. watch nowKris Hamer, director of insight at the British Retail Consortium, pointed to bright spots in the data in cosmetics and computer sales.

Persons: Lucy North, Kris Hamer, Hamer, GfK Organizations: National Statistics, Reuters, British Retail Consortium, Bank of England's Locations: London

☆ A 20% down payment is 'definitely not required' to buy a house, economist says. Here's how much you need
▼ + stars: | 2024-05-24 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Phynart Studio | E+ | Getty Images'The conundrum of the housing market'One way to reduce your monthly mortgage payment is to put down more money and borrow less. Nationally, the average down payment on a house is closer to 10% or 15%, Hale said. Even with a conventional loan, buyers' required down payment could be between 3% and 5%, depending on their credit score and other factors. While a lower down payment is one way to "attack affordability challenges," it can be a "mixed bag," Hamrick said. With a lower down payment, you will need to borrow more from your lender, which raises the monthly cost of your mortgage, Hale said.

Persons: Hale, there's, Hamrick Organizations: CNBC, SurveyMonkey, Department of Veterans Affairs, U.S . Department of Agriculture, Federal Housing Administration, PMI Locations: U.S

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