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☆ Consumers may soon get access to a share of $8.8 billion in Inflation Reduction Act home energy rebates
▼ + stars: | 2024-04-22 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

The IRA splits $8.8 billion in total rebate funding between two programs: the Home Efficiency Rebates program and the Home Electrification and Appliance Rebates program. The Home Electrification and Appliance Rebates program The Home Electrification and Appliance Rebates program pays consumers a maximum amount of money for buying specific technologies and services, Saul Rinaldi said. Home Efficiency Rebates program Conversely, the Home Efficiency Rebates program is technology-neutral, Saul Rinaldi said. Larger rebates flow to those who cut more energy, Saul Rinaldi said. In this way, the Home Efficiency Rebate's value can technically exceed that of the Home Electrification and Appliance Rebates program, Zelmar said.

Persons: Zelmar, Jan, Biden, Kara Saul Rinaldi, Saul Rinaldi Organizations: Energy Department, AnnDyl, U.S . Department of Housing, Urban Locations: Arizona , California , Colorado , Georgia, Hawaii , Indiana , Minnesota , New Hampshire , New Mexico , Oregon, Washington, Georgia, Oregon , Indiana, New Mexico

☆ Here's why FEMA has spent about $4 billion to help destroy flood-prone homes
▼ + stars: | 2024-04-22 | by ( Lindsey Jacobson | In | ) www.cnbc.com time to read: +5 min

'I have no regrets'Andrea Jones accepted a floodplain buyout for her home in the Charlotte, North Carolina, area. CNBCAndrea Jones, 59, sold her home in the Charlotte, North Carolina, area in a floodplain buyout. On average, federal buyouts can take two to five years, though 80% of the FEMA acquisitions are approved in less than two years. Jones' buyout was delayed by the pandemic, but once she started the process up again in May 2022, things moved quickly. In addition to FEMA, the U.S. Department of Housing and Urban Development and many state and local communities fund floodplain buyouts.

Persons: Siders, Andrea Jones, CNBC Andrea Jones, Jones, Andrea Jones Jones, they're, Mathew Sanders, Sanders Organizations: Federal Emergency Management Agency, FEMA, University of Delaware's, Program, CNBC, Finance, Charitable, Congressional Research Service, U.S . Department of Housing, Urban Development Locations: Charlotte , North Carolina

☆ Another way to play the commodity breakout with a copper stock forming a 'bull flag' chart pattern
▼ + stars: | 2024-04-19 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

If you look at the other metals like copper and steel and their associated stocks you'll see breakouts as well, and in fact, they are showing more strength than gold stocks. Looking at a chart of copper we'll see a clear breakout above the early 2023 high of $4.35 with the 2022 highs of $5.00 targeted. Fundamentally speaking copper is an industrial metal heavily needed in China and India for infrastructure, transportation, and the green energy buildout. 'Bull flag' pattern The way I'm expressing this bullish thesis in copper is through my holdings in Southern Copper Corp (SCCO) in the dividend portfolio at Inside Edge Capital. That's not exactly cheap, but with the forecasted global demand of copper we think that multiple is justified.

Persons: There's, COPX, That's, Todd Gordon, Gordon, SCCO Organizations: Gold Miners, Copper Miners, Southern Copper Corp, Edge, Inside Edge, Inside Edge Capital Management Locations: China, India, Panama, GDX, COPX, Arizona

☆ Los Angeles is using AI in a pilot program to try to predict homelessness and allocate aid
▼ + stars: | 2024-04-19 | by ( Kate Rogers | ) www.cnbc.com time to read: +3 min

In December of last year, single mom Courtney Peterson was laid off from her job working for a now-shuttered inpatient transitional living program. Peterson said she began to research potential avenues for help, immediately concerned about making January's rent. "I started to reach out to local churches or places that said they offered rent assistance," Peterson told CNBC. Instead of an eviction notice, Peterson received a letter from Homelessness Prevention Unit within the Los Angeles County Department of Health Services, offering a lifeline. The pilot program uses predictive artificial intelligence to identify individuals and families at risk of becoming homeless, offering aid to help them stabilize and remain housed.

Persons: Courtney Peterson, Peterson, I'd, Dana Vanderford, they've, Vanderford, we've, Amber Lung, Lung Organizations: CNBC, Prevention, Angeles County Department of Health Services, U.S Department of Housing, Urban, county's Department of Health Services, American Locations: Van Nuys, Los Angeles, California

☆ Senators blast Biden administration’s staffing plans for veterans’ healthcare
▼ + stars: | 2024-04-18 | by ( Curt Devine | ) edition.cnn.com time to read: +4 min

CNN —The top two senators on the Senate Committee on Veterans’ Affairs called the Biden administration’s plan to reduce veterans’ health care staffing a “mess” that could undercut the timing and quality of care. Their letter, obtained by CNN, called VA’s apparent “zero growth” policy a “drastic” and “shortsighted” decision. Though the VA told the committee that critical staff and some others would be exempt, Tester and Moran wrote that has not been the case. The VA has long been plagued by delays in health care. A decade ago, the Obama administration’s then-VA secretary, Eric Shinseki, resigned following revelations of sometimes deadly delays for veterans waiting for care at VA facilities.

Persons: Biden, Veterans Affairs Denis McDonough, Sen, Jon Tester, Jerry Moran, Moran, “, …, Shereef Elnahal, Dr, Jason Crow, Helen H, Richardson, ” Elnahal, ”, Terrence Hayes, ” Hayes, McDonough, Joe Biden, Obama administration’s, Eric Shinseki Organizations: CNN, Veterans ’ Affairs, Veterans Affairs, Montana Democrat, Kansas Republican, VA, Health, U.S . Department of Veterans Affairs, Wheeling, Denver Post, PACT Locations: Montana, Kansas, ”, VA, Wheeling St, Aurora , Colorado

☆ Here are some tips for homebuyers to save on costs with newly built homes, experts say
▼ + stars: | 2024-04-18 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Buyers of newly built homes can come across a number of sticker shocks. In February, the median sale price for new construction sold in the U.S. was $400,500, according to the U.S. Census Bureau and the Department of Housing and Urban Development. Depending on what you're picking, they're adding up the tab," Fuentes said. To save on costs with a new build, it may be in a potential buyer's best interest to hire a contractor later on to add desired finishes, experts say. "Think about those elements that could be easily added at a later date," said Angie Hicks, home expert and co-founder of Angi, an online marketplace that connects homeowners with professional contractors for home maintenance or renovations.

Persons: Veronica Fuentes, Fuentes, Angie Hicks Organizations: . Census, Department of Housing, Urban, Finance Locations: U.S, Washington ,

☆ America’s debt problem could spell higher interest rates in the rest of the world
▼ + stars: | 2024-04-17 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

The IMF said Wednesday that increased government spending, growing public debt and elevated interest rates in the United States had contributed to high and volatile yields — or interest rates — on Treasuries, raising the risk of higher rates elsewhere. “Loose fiscal policy in the United States exerts upward pressure on global interest rates and the dollar,” Vitor Gaspar, director of the IMF’s fiscal affairs department, told reporters. Higher interest rates make it more costly for households and businesses to service their loans, which can lead to defaults that cause losses at banks and other lenders, increasing financial instability. That means that even if the Fed cuts interest rates later this year — the IMF’s central scenario — US government funding costs may not fall by the same margin, he added. The IMF expects US public debt to continue rising, helping drive government debt worldwide to close to 100% of global gross domestic product by 2029, from 93% last year.

Persons: ” Vitor Gaspar, ”, Jerome Powell, ” Tobias Adrian, Gaspar, Pierre, Olivier Gourinchas, That’s Organizations: London CNN, International Monetary Fund, IMF, Federal Reserve, Treasury Department, Treasury, US, Federal Locations: United States, Washington

☆ More Americans Are Moving Abroad Because the US Is Too Expensive
▼ + stars: | 2024-04-17 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +12 min

"We realized we couldn't afford the mortgage and the car payments and everything," Stonestreet told me. Americans work more, vacation less, spend more on healthcare, and die sooner than people in other high-income economies. These factors likely explain why some Americans are moving to countries that aren't generally considered low-cost-of-living locales. She said that living abroad afforded her a degree of flexibility and spontaneity that would be out of reach back home. From their temporary perch in Tirana, Albania, the couple told me via WhatsApp that their only regret about moving abroad was not doing it sooner.

Persons: Amelia Basista, Stonestreet, Basista, Maliya, I'm, Fale, scoping, Cristina Johnson, Johnson, Mariana, Dustin Lange, that's, Mariana Lange, Mark Zoril, Andrew Hallam, Zoril, hasn't, — Zoril, Tomorrow's Organizations: State Department, American Citizens, Monmouth University, Labor Statistics, Financial Technology Association, Business Locations: South America, Denver, Cuenca, Ecuador, Germany, Canada, France, Minneapolis, Latin America, America, Puerto Morelos, Mexico, Pennsylvania, Belize, States, Austin, North Carolina, Central America, Portugal, Spain, Lisbon, Europe, Tirana, Albania

☆ Stock futures are little changed after Dow's sixth straight losing day: Live updates
▼ + stars: | 2024-04-15 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

U.S. stock futures were little changed Monday night after a losing day for the major benchmarks. S&P 500 futures and Nasdaq 100 futures flickered near the flatline. The 30-stock Dow dropped 248 points, or 0.65%, in its sixth straight losing day. Those losses follow a rise in yields that had investors shrugging off strong earnings from Goldman Sachs , as well as hot retail sales data. Big bank earnings are set to continue Tuesday, with the release of results from Bank of America, Johnson & Johnson and Morgan Stanley.

Persons: Dow, Goldman Sachs, we're, Lauren Goodwin, CNBC's, Johnson, Morgan Stanley Organizations: Dow Jones Industrial, Nasdaq, Treasury, Saturday, New York Life Investments, Bank of America, United Airlines, Traders Locations: Israel, U.S, UnitedHealth

☆ Boomers are hanging onto large homes, boxing out millennials with growing families. That could hurt Biden in the election.
▼ + stars: | 2024-04-14 | by ( John L. Dorman | ) www.businessinsider.com time to read: +1 min

Many boomers are holding on to their large homes, stressing the housing market for younger buyers. For millennials with growing families, purchasing a home has become even more difficult. AdvertisementFor baby boomers with growing families in the 1980s and 1990s, homeownership was a natural next step in their adulthoods. But when their children moved out to pursue their own dreams years later, many of these boomers remained in their large homes. The tight housing market has effectively cut them off from purchasing homes within their budget, and high-interest rates haven't helped.

Persons: —, homeownership, they're Organizations: Biden, Trump, Service, Business

☆ China's policy to boost demand by $700 billion will have a 'bigger and bigger' impact, official says
▼ + stars: | 2024-04-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Vcg | Visual China Group | Getty ImagesBEIJING — China's latest policy to boost demand will soon have a greater effect on growth, a top official at the economic planning agency told reporters Thursday. "We believe this work will achieve bigger and bigger results," he said in Mandarin, translated by CNBC. He noted that equipment upgrades account for 9% to 10% of total GDP. 'Strong' central government fiscal supportIn terms of fiscal funding for those upgrades, Zhao said the central government would provide "strong support." Part of the equipment upgrade and consumer trade-in policy also focuses on improving standards for the kinds of products that can be used.

Persons: That's, Zhao Chenxin, Goldman Sachs, Morgan Stanley, Zhao, Bruce Pang, Fu Jinling, Fu, Francoise Huang, We're, JLL's Pang, Shan Zhongde Organizations: Visual China, Getty, BEIJING, National Development, Reform Commission, CNBC, Analysts, People's Bank of, Allianz Trade, Ministry of Industry, Information Technology, Ministry of Housing, Ministry of Commerce, State Administration, Market, China's Ministry of Commerce, Industry, Global Locations: Qingzhou, Weifang City, Shandong Province, China, oversupply, Beijing, JLL, People's Bank of China

Housing gloomThe higher-for-longer inflation predicament has hit the U.S. housing market like a thunderbolt. More economists are paring their bets that the Fed will cut rates after the latest Consumer Price Index report. They all argue that sticky inflation will force the Fed to keep borrowing costs higher for longer. The country is growing faster than many peers, but voters are zeroing in on inflation to explain their disapproval of President Biden’s handling of the economy. (Some DealBook readers in recent days have emailed to say that they’re strongly feeling the pain of housing inflation.)

Persons: Goldman Sachs, ” Lawrence Yun, Biden’s Organizations: Bank of America, Deutsche Bank, National Association of Realtors

☆ Bad news for Biden (and all Americans): Inflation is creeping higher at the worst time
▼ + stars: | 2024-04-11 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

But, if you’re President Joe Biden, now is a particularly bad time for inflation to reaccelerate. On the other hand, bad economic data, especially regarding inflation, almost certainly guarantees people aren’t going to be feeling better about the economy. Significant progress over the past two years in getting inflation down from multi-decade highs has been of little help to struggling Americans. “We have more to do to lower costs for hardworking families,” he said. The shelter index, a broader component of the inflation report that covers a majority of housing expenses, is up 5.7% year-over-year.

Persons: CNN Business ’, New York CNN — There’s, Joe Biden, Biden, hasn’t, Ron Klain, ”, Ian Maule, he’s, CNN Biden, “ Organizations: CNN Business, New York CNN, Labor, Politico, Biden, Center, CNN, Republican Locations: New York, Las Vegas , Nevada

☆ After 2 years of applying for the NYC housing lottery, she finally won her bid. Now she pays $1,000 in rent for her Manhattan apartment.
▼ + stars: | 2024-04-10 | by ( Amanda Goh | ) www.businessinsider.com time to read: +8 min

A millennial woman won the New York City affordable housing lottery after applying for two years. Nkenge Brown, 30, now pays around $1,000 in monthly rent for her one-bedroom Manhattan apartment. AdvertisementNkenge Brown first heard about the New York City housing lottery system four years ago while she was at work. "Someone told me that they won a lottery apartment, and I was like, 'What's that?'" In 2018, the odds of winning the housing lottery were 1 in 592, per the Times.

Persons: Nkenge Brown, she's, —, Brown, " Brown, Nkenge Brown Nkenge Brown, that's, Nkenge, it'll, cafés, Nkenge Brown Brown, she'd, I've, There's Organizations: New, Service, New York City Department of Housing Preservation, Housing Development Corporation, New York Times, Times Locations: New York City, Manhattan, Upper Manhattan, Chelsea, Paris

☆ The U.S. Economy’s Post-Covid Recovery: Were We Just Lucky? - The New York Times
▼ + stars: | 2024-04-09 | by ( Paul Krugman | ) www.nytimes.com time to read: 1 min

The U.S. economy has been far more successful at recovering from the Covid shock than it was in dealing with the aftermath of the housing bubble of the 2000s. As I noted in my latest column, four years after the 2007-9 recession began, employment was still five million below its pre-recession peak. This time it’s up by almost six million. And while there was a wave of inflation, it seems to have broken. This is especially clear if you measure inflation the way other countries do.

Locations: U.S

☆ A millennial shared how her family is pursuing their American dream after moving from Scotland to Florida. She's enjoying the beaches and weather but finds Florida can be expensive.
▼ + stars: | 2024-04-07 | by ( Madison Hoff | ) www.businessinsider.com time to read: +11 min

Now her family is living their American dream in South Florida. Peacock's family is just one example of people pursuing the American dream, which can mean different things to different people, like achieving homeownership. Some Gen Zers see the American dream has changed from how older peers may have seen it. For us, the American dream is also the weather and the beach lifestyle, and we have that." "We're legally entitled to do the last stage from within the country, but it's a very complicated and lengthy process," Peacock said.

Persons: Amber Peacock, Peacock, we'd, didn't, Zers, She's, We've, we've, America Peacock, they're, We're, Brit Peacock, Aunty Bubs, they've, It's Organizations: Service, Business, Sunshine State, YouTube Locations: England, Scotland, South Florida, America, New York, Florida, Edinburgh, Lincolnshire, Memphis , Tennessee, Tennessee, Memphis, Nashville, Nashville , Tennessee, Texas, Chicago, West, East

☆ The exclusive island where people keep giving away homes for free — even though the typical house costs $3.6 million
▼ + stars: | 2024-04-06 | by ( Dan Latu | ) www.businessinsider.com time to read: +7 min

But in stark contrast to the eight-figure homes is another common Nantucket practice: giving away homes for free. It is much cheaper, however, to move a "free" house onto a property than to construct an entirely new dwelling. Some of the 'free' homes do good for the communitySome of Nantucket's year-round workforce lives in repurposed "free" homes. Maremagnum/Getty ImagesBuyers of the "free" homes fall into three main categories, Cohen told Business Insider. Since 1994, Housing Nantucket has repurposed 39 "free" homes into income-capped rentals on the island.

Persons: —, Stephen Schwarzman, Dave Portnoy, Anne Kuszpa, It's, Steven Cohen, Cohen, they're, there's, Kuszpa Organizations: Service, Blackstone, Barstool, Wall Street Journal, Housing, Business Locations: Nantucket, Massachusetts, Cape Cod, Housing Nantucket, Miacomet

☆ Zaha Hadid Architects unveil Muscat waterfront development
▼ + stars: | 2024-04-05 | by ( Rym Bendimerad | ) edition.cnn.com time to read: +3 min

CNN —Oman’s capital of Muscat is set to get an expansive $1.3 billion waterfront development, designed by globally renowned Zaha Hadid Architects (ZHA). The 3.3 million square-meter Al Khuwair Muscat Downtown and Waterfront development will include a residential complex, a marina, a cultural district, numerous canal walkways and a ministerial campus. ZHA’s associate director, architect Paolo Zilli, told CNN he spent around a year finalizing the model he presented to Oman’s Ministry of Housing and Urban Planning. In Muscat, the population is projected to increase from 1.5 million to 2.7 million by that year. “There are a lot of changes,” Dr. Khalfan bin Saeed bin Mubarak al-Shueili, Oman’s Minister of Housing and Urban Planning, told CNN.

Persons: CNN —, Zaha Hadid, Paolo Zilli, ”, ZHA, Khalfan bin Saeed bin Mubarak, “ Organizations: CNN, Oman’s Ministry of Housing, Urban Planning, Oman Ministry of Housing, Urban, Oman’s, Housing, ”, Zaha Hadid Architects, Guangzhou Opera House, United, United Arab Emirates Locations: Muscat, Khuwair Muscat Downtown, Oman, “, Guangzhou, China, Wolfsburg, Germany, Sharjah, United Arab

☆ KKR says China's real estate correction may only be halfway done
▼ + stars: | 2024-04-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

"A fundamentally overbuilt real estate industry needs to be addressed — and quickly," he said in the report, which counts Changchun Hua, KKR's chief economist for Greater China, among the co-authors. Real estate and related sectors once accounted for about one fifth or more of China's economy, depending on the breadth of analysts' calculations. Based on comparisons to housing corrections in the U.S., Japan and Spain, China's "housing market correction may be just halfway complete" in terms of its depth, the KKR report said. watch nowWhile KKR's report didn't provide much detail on expectations for specific real estate policy, the authors said more action by Beijing to improve China's real estate sector "could materially shift investor perception." Chinese officials have said the real estate sector remains in a period of adjustment, while Beijing shifts its emphasis toward manufacturing and what it considers "high-quality development."

Persons: Henry H, McVey, " McVey, Hong, Nomura Organizations: West Coast New, Nurphoto, Getty, BEIJING, KKR, Authorities, Housing Locations: West, Qingdao, East China's Shandong, China, Changchun Hua, Greater China, U.S, Japan, Spain, Beijing, China's

☆ Housing 'affordability has just totally collapsed,' economist says
▼ + stars: | 2024-04-02 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

"Since the pandemic, affordability has just totally collapsed," said Chen Zhao, a senior economist at Redfin. February 2021 was the last month when the typical household earned more money than they needed to afford the median home. The U.S. Department of Housing and Urban Development (HUD) sets the standard of affordability at 30% of household income. Affordability deficit narrowed in FebruaryThe average household fell short $29,448 to afford a home in February, according to Redfin. The affordability deficit narrowed because rates have been on a consistent decline since the last peak in October, according to Zhao.

Persons: Chen Zhao, They've, Zhao, It's, Jeff Ostrowski, Veronica Fuentes, Fuentes, Ostrowski, Buyers, Redfin, Louis, What's Organizations: Getty, Redfin, Finance, U.S . Department of Housing, Urban Development, Northwestern Mutual, Cleveland Locations: U.S, Detroit, Pittsburgh, St, Philadelphia, Indianapolis, Warren, Mich, Cincinnati, Milwaukee , Kansas City , Virginia Beach, Va, Antonio, Columbus , Ohio

☆ I paid just $135,000 for my house when homes in the area are going for twice that. Here's how.
▼ + stars: | 2024-03-31 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +8 min

The couple paid less than usual for the area by going through a community land trust, or CLT. Community land trusts allow low-income homebuyers to purchase homes at a reduced price in exchange for the trust's retaining ownership of the property's land. Community land trusts were an unfamiliar conceptI learned about community land trusts while driving through a neighborhood. It's a community housing organization that offers homebuyer education and also sells affordable homes through a community land trust program. Our lives are much betterWhen buying a land trust home, not only do you have to qualify for the land trust program, but you also have to qualify for a mortgage at the bank.

Persons: Melisa Gomez, Romo, —, It's, Gomez, we're Organizations: Service, Romo, Land Trust Locations: Duluth , Minnesota, Minnesotans, Duluth, Fayetteville , Arkansas, . Duluth, El Salvador, Mexican

☆ The city of Malibu is taking a family to the state supreme court to stop them from building a tiny home in their backyard for their elderly parent
▼ + stars: | 2024-03-30 | by ( Eliza Relman | ) www.businessinsider.com time to read: +6 min

But a Malibu couple's struggle to build an ADU shows how local governments are standing in the way. Jason and Elizabeth Riddick have been trying to build an ADU in their backyard in the pricey coastal enclave since July 2020. So they applied for a permit from the city to build a small ADU and a minor addition to their existing house. So the Riddicks sued the city and in July 2022, a Los Angeles County Superior Court judge sided with the couple. Again, the city appealed the decision, this time to the state supreme court this month.

Persons: —, Elizabeth Riddick, Elizabeth, they've, Elizabeth said, Jason, David Deerson, Deerson, they're, ADUs Organizations: Service, Business, Malibu Times, Pacific Legal Foundation, New, New York City Locations: California, Los Angeles, LA County, New York

☆ The Realtors settlement is already changing the way some Americans buy and sell homes
▼ + stars: | 2024-03-30 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

The mere prospect of a future settlement has already caused some Americans to change their behavior when buying and selling their homes. If approved by a judge, the settlement comes with new rules for Realtors. Potential for lower homebuying costsThe new rules could help lower home prices, experts say. Sales commissions, traditionally shared between a buyers’ agent and the agent who lists a home on the market, are usually between 5% and 6% of a home’s selling price. But, for the time being, buyers’ agents will still be able to see that Hanley isn’t offering them compensation, potentially disincentivizing them from showing his home to clients.

Persons: homebuyers, ”, Debra Dobbs, Jeremy Cannon, Cannon, ” Cannon, “, Matt Hanley, ” Hanley, “ I’m, Hanley isn’t, Hanley, “ We’ve, ‘ Let’s, ’ ”, Mariya Letdin, Letdin, ” Letdin Organizations: CNN, National Association of Realtors, Realtors, ”, NAR, Florida State University Locations: Chicago, Corona , California, Minnesota

☆ World Nature Photography Awards 2024: Spectacular images of wildlife
▼ + stars: | 2024-03-29 | by ( Mark Tutton | ) edition.cnn.com time to read: +2 min

Rolex’s Perpetual Planet initiative has partnered with CNN to drive awareness and education around key sustainability issues and to inspire positive action. London CNN —A dramatic photo of two gannets fighting for a fish in the waters off Scotland’s Shetland Islands has won first prize at the World Nature Photography Awards. Ivan Pedretti/World Nature Photography Awards“I love the contrast in colors between the white mountains and the black dunes with yellow grass,” he said in a statement. Launched in 2020, the World Nature Photography Awards (WNPA) were set up to promote photography and help the planet, planting a tree for each entry to the competition. As always, it’s such a joy to see the amazing caliber of entries into the awards.”

Persons: Tracey Lund, ”, “, Ivan Pedretti, ” Ivan Pedretti, Adrian Dinsdale Organizations: CNN, London CNN, Islands Locations: United Kingdom, Italy, Stokksnes, Iceland

☆ Puerto Rican tax breaks are luring wealthy newcomers. A millennial says that's bad news for members of her generation with dreams of careers and homeownership.
▼ + stars: | 2024-03-28 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

Puerto Rico is becoming an increasingly popular destination for mainland Americans looking to relocate for tax purposes without giving up their US citizenship. Maridav/Getty ImagesBetween 2021 and 2022, about 27,000 individuals moved from the US mainland to Puerto Rico, according to data collected by the US Census Bureau . Related storiesIn 2021, the cost of living in Puerto Rico rose by 7%, the largest jump seen in 40 years. According to data from Realtor.com, the median home price in San Juan, Puerto Rico, in February was $950,000, up 37% in the past year. AdvertisementAccording to the Associated Press, there are now 25,000 short-term rentals in Puerto Rico, up from 1,000 in 2014.

Persons: —, Anna, Brock Pierce, Anna aren't, Adrián González Costa, Hurricane Maria, Puerto Ricans Organizations: Service, Puerto Ricans, Business, US Census Bureau, Federal Housing Finance Agency, San Juan, Puerto Rican Independence Party, San Juan Daily Star, Associated Press, AP Locations: Puerto Rico . Puerto Rico, Europe, Puerto Rico, Maridav, Puerto, Realtor.com, San Juan , Puerto Rico, Aguas Buenas, San Juan, San Juan ., AFP

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