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☆ Millennials Are Turning Into Their Baby Boomer Parents: Homes, Wealth
▼ + stars: | 2025-01-09 | by ( Emily Stewart | ) www.businessinsider.com time to read: +16 min

Baby boomers, they're just like us. Not that he's doing anything weird on the stock market, but he knows how to buy an exchange-traded fund. The oldest baby boomers reached 30 in 1976, while the youngest reached that mark in 1994. AD"The baby boomer homeownership rate started to plateau when baby boomers reached the age of late 40s, early 50s. While wealthy millennials are doing better than their boomer parents, poorer millennials are doing worse.

Persons: boomers, they're, Millennials, he'll, William, he's, It's, they've, Elder millennials, Faith Bergman, She's, —, Bergman, Rob Williams, Charles Schwab, millennials, Schwab, Gen Xers, Jessica Lautz, aren't, Daryl Fairweather, X, that's, Fairweather, homebuyers, hunky, Rob Gruijters, Gruijters, Redfin's Fairweather, " Fairweather, Lautz, it's, Victoria Lamson, generationally —, They're, Laurence Kotlikoff, Dad, Emily Stewart Organizations: Philadelphia, Bureau of Labor Statistics, Consumer Finances, National Association of Realtors, Boomers, NAR, University of Bristol, Social Security, Boston University, Business Locations: homeownership, fintech, New York, medians, There's, San Francisco, Janesville , Wisconsin

☆ A way to get long Nvidia on the dip with less risk using options
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: +3 min

Following its latest earnings report, which exceeded expectations across all key segments, NVDA is trading at a compelling valuation relative to its peers. From a technical perspective, the recent pullback after the earnings report provides an attractive entry point for bullish exposure with strong risk/reward potential. Its 56% net margin significantly surpassing competitors which highlight why NVDA deserves its premium valuation while still offering substantial upside potential. The trade offers a 2:1 reward-to-risk ratio, providing a favorable way to participate in NVIDIA's expected upside while limiting downside exposure. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: NVDA, Max Organizations: Nvidia, Blackwell, CNBC, NBC UNIVERSAL Locations: OptionsPlay

☆ Every Falsehood, Exaggeration and Untruth in Trump’s and Harris’s Stump Speeches
▼ + stars: | 2024-09-21 | by ( Linda Qiu | Elena Shao | ) www.nytimes.com time to read: +54 min

They’re going to take away your guns, you saw that, they’re going to take away your guns. And at the end it was, “Thank you, thank you, thank, thank, thank, thank, thank, thank.” I said, “What the hell’s… What’s wrong with her?” I say, “Thank you.” And you wait a couple of seconds. “Thank you, thank, thank, thank, thank.” There’s something wrong with her, okay? She was all talk, I’m going to do this and I’m going to do that, and then I’m going to cut tax and then I’m going to give you 25,000 per house and then I’m going to go, over and over. When Biden was president — going to give up the whole thing to Russia, it looks like.

Persons: I’m, Kamala Harris, Rasmussen, We’re, Kamala, Sleepy Joe Biden, ”, “, can’t, Country’s, Harris, we’ve, you’re, You’re, “ Donald Trump, Donald Trump, – Joe Biden, didn’t, Sleepy Joe, ” “ I’m, Joe, That’s, Trump, What’s, Kamala …, she’s, Bernie Sanders, Nancy Pelosi, She’s, let’s, Kamala Harris …, I’ve, David Muir, David Muir barged, Sir, President Trump, FBI …, don’t, –, There’s, Donald J, You’ve, we’ll, – Mr, You’ll, Where’s Harris, would’ve, Jimmy Carter, Xi, Del Cueto, Biden, They’ve, “ They’re, ” They’re, They’re, it’s, it’ll, Let’s, Forbes, Michael, Jacky Rosen, Crooked Joe Biden, Joe Biden’s, Jacky, Sam Brown, Nobody’s, He’s, Joe Lombardo, Joe’s, that’s, It’s, they’re, Tampon Tim, tampons –, Governor Lombardo, we’re, Ding, haven’t, Russia would’ve, Bush, Barack Hussein Obama, —, Russia’s, Korea’s, Muhammad Ali, Muhammad, Henry, “ I’ll Organizations: Philadelphia TV, gaslight, JD, FBI, Department of Justice, of Justice Statistics, Communist, Border, Marxist, Street, The New York Times, New York Times, Washington, White, ICE, DHS, Forbes, United Auto Workers, Biden, Unions, Keystone XL, United States, Paris Climate, Nevada Climate Accord, Police, California, ABC Fake, Trump Reciprocal Trade, Green New, Washington D.C, We’re, America, Make Locations: Las Vegas, Aurora , Colorado, Springfield , Ohio, Colorado, Iowa, Pennsylvania, United States, McDonald’s, – Pennsylvania, ”, America, Idaho . Idaho, Haiti, Chile, Colombia, New York, Chicago, Florida, Middle America, Aurora, Virginia, Tennessee, Honduras, So Nevada, Nevada, American, You’ve, Texas, Western Nevada, Mexico, China, Paris, Russia, Saudi Arabia, California, Nevada , Wisconsin , Pennsylvania, Michigan, Washington, Manhattan, Ukraine, Israel, Italian, Venezuela

☆ Job switchers hoping for a big raise are in for disappointment
▼ + stars: | 2024-07-07 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

Read previewHere's some less-than-great news if you're looking to job-hop because of your pay: People changing roles likely won't be getting as big of a wage bump as past job switchers. However, the report said that "median pay raises appear to have moderated to around 10%" as of this past May. The drops in the median pay raise for job-to-job movers from 2022 to 2024 were felt across workers in all income groups, the Bank of America Institute found. Still, the report noted that lower-income Bank of America customers — those making under $50,000 a year — had the highest median pay gains. AdvertisementThe report said that those middle- and upper-income job seekers may "have somewhat less leverage and bargaining power in negotiating a raise on taking a job."

Persons: —, David Tinsley, Tinsley, there's, switchers Organizations: Service, Bank of America Institute, Business, Bureau of Labor Statistics, Bank of America, New, of Labor Statistics Locations: Atlanta

☆ The salary a family of 4 needs to get by in every U.S. state—it's more than $150,000 in the most expensive one
▼ + stars: | 2024-06-20 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

A family of four needs to earn at least $106,903 a year to cover their necessities in most U.S. states, a recent SmartAsset study reveals. The findings are based on cost estimates for housing, child care, transportation, health care, taxes and other common expenses, as tracked by the MIT Living Wage calculator. That said, basic expenses for a family of four in all states exceeds what most U.S. households typically earn, which is estimated to be a median of $78,171, according to data consulting firm Motio Research. And about 1 in 5 parents say they've relied on a relative to help out with child care. Here's a look at the minimum amount a family of four would need to cover basic needs, including child care, in each state.

Persons: it's, they've Organizations: MIT, Motio, Census Locations: Massachusetts, Hawaii, Connecticut, York, California, Mississippi, Los Angeles, New York City, U.S

☆ The thinking person's AI trade: There's a cheap, under-the-radar sector generating historically strong returns — and these 8 stocks are Goldman Sachs' top picks
▼ + stars: | 2024-05-31 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

It marks the often-unloved group's third-best showing since 2002, according to Goldman Sachs. Utilities aren't just an AI playOther than their understated connection to AI, utilities are attractive on a valuation basis and as a defensive hedge, according to Goldman Sachs. AdvertisementHowever, utilities are cheap compared to the high-single-digit earnings growth they're expected to produce in the next several years. Goldman SachsBesides being discounted relative to their future growth, utilities serve as a hedge against lower economic growth. AdvertisementOf the 16 utilities stocks covered by Goldman Sachs analysts, only half have a buy rating from the firm.

Persons: —, Goldman Sachs, Carly Davenport, Ryan Hammond, Bill Gross, Sebastien Page, Rowe Price, it's, Page, Goldman, Hammond Organizations: Service, Utilities, Business, Nvidia, Microsoft, Goldman, Federal Reserve

☆ These are the kinds of San Francisco roads Tesla's FSD had a hard time dealing with, report says
▼ + stars: | 2024-05-05 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +7 min

It's unclear if other aspects of Sunset's grid trip up Tesla's FSD more than other San Francisco neighborhoods. A Tesla makes an unprotected left turn on Lincoln Way, a major road in San Francisco's Sunset District. Another street that was once notoriously difficult for Tesla's FSD to work in was Lombard Street, a steep and windy road northwest of San Francisco. When asked about using the FSD feature in the Sunset, she told BI that she had "no problems" with it. AdvertisementA Tesla parked in San Francisco's Sunset District, where company employees rigorously tested the car's Full Self-Driving technology, according to a report.

Persons: Tesla, —, Elon Musk's, Musk's, Lloyd Lee, FSD, Francisco's, Tayfun, John Bernal, Musk, Walter Huang Organizations: The, Service, X, Railway, San, Sunset District, Lincoln, BI, Anadolu Agency, Getty, Tesla, Washington Post, P Global Mobility, California Department of Motor Vehicles, Los Angeles Times Locations: Sunset, San Francisco, city's, Judah, San Francisco Municipal, Lincoln, Francisco, San, San Francisco San Francisco, Lombard

☆ Goldman Sachs likes these stocks that are growing profitably
▼ + stars: | 2024-04-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

As the equity market's profitability nears its all-time highs, Goldman Sachs recently shared some stocks that could see big growth over the next 12 months. In 2024, Kostin expects margin expansion will continue to support ROE growth. In the same report, Goldman Sachs shared its rebalanced ROE growth basket of stocks, which contains 50 names selected for their expected profit growth over the next 12 months. Rising growth fears, solar compensation cutbacks and rising interest rates sank solar stocks last year, but they've since made a comeback. Consensus estimates for the financials sector reveal that most analysts expect ROE growth to remain flat in the same time period.

Persons: Goldman Sachs, David Kostin, ROE, Kostin, Estée Lauder, Electric's, Goldman, Wells, Janney, Blackstone Organizations: Kostin, Info Tech, Deutsche Bank, GE Aerospace, Communications, Mobile Locations: Wells Fargo, China

☆ BoC to cut rates starting in Q2 2024, house prices seen flat in 2024: Reuters poll
▼ + stars: | 2023-11-30 | by ( Mumal Rathore | ) www.reuters.com time to read: +4 min

Governor of the Bank of Canada Tiff Macklem walks outside the Bank of Canada building in Ottawa, Ontario, Canada June 22, 2020. But Macklem also said "right now, it is not time to start thinking about cutting interest rates." Interest rate futures are pricing the first rate cut in March, earlier than the poll prediction. "Accompanying labour market weakness should put downward pressure on inflation and prompt the Bank of Canada to cut the policy rate around of the spring of 2024," they wrote. That was despite several government measures announced in the latest Fall Economic Statement to boost housing supply and help lenders dealing with homeowners at risk amid high interest rates.

Persons: Blair Gable, Macklem, It's, Avery Shenfeld, Robert Hogue, Sebastian Mintah, Mumal Rathore, Ross Finley, Tomasz Janowski Organizations: Bank of Canada, REUTERS, Reuters, BoC, U.S . Federal, Barclays, CIBC Capital Markets, of Canada, RBC, Desjardins, Moody's, Thomson Locations: Ottawa , Ontario, Canada, BENGALURU, stagnate

“This year, overall views of the United States are much more positive than views of China in most places surveyed,” the report said. The 2019 survey recorded a median of 55% across 22 countries showing favorable views of the U.S., compared to a median of 39% of China. Of the same countries in 2023, medians of 58% and 21% had positive views of the U.S. and China, respectively. Then, a median of 53% across 15 countries reported favorable views of the U.S., compared to a median of 43% with favorable views of China. In 2023, medians of 59% and 27% across the same countries had favorable views of the U.S. and of China, respectively, according to Pew.

Persons: Joe Biden, “, Xi Jinping, Biden, Pew, Camp David, ”, Laura Clancy, Clancy, Donald Trump, Xi, Biden –, George W, Bush, China’s, Hu Jintao, — Organizations: WASHINGTON, Pew Research Center, China, Pew, Camp, Initiative, U.S Locations: United States, China, Washington, U.S, Australia, Poland, Japan, South Korea, Indonesia, South Africa, Mexico, favorability, Nigeria, Beijing, Germany, Sweden, Israel, Italy

☆ Here are the 14 highest-paying bachelor's degrees
▼ + stars: | 2023-10-26 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

Insider examined the median earnings by field of bachelor's degree using data from the Census Bureau. Finance, accounting, and nursing are non-engineering degrees that also had high median earnings. The following chart shows median earnings based on the field of the bachelor's degree for the first major reported by survey respondents. Below are the highest median earnings by field of bachelor's degree based on just those with a bachelor's. Looking at these results, which include graduates that might have more advanced degrees, the median earnings for electrical engineering was $121,600.

Persons: — Organizations: . Finance, Service, Survey

☆ India's festival season to bring some cheer to economy, say economists
▼ + stars: | 2023-10-26 | by ( Milounee Purohit | ) www.reuters.com time to read: +3 min

Nearly 75% of economists, 25 of 33, said spending during this year's festival season, which lasts from October through December, will be higher compared to last year. Among those, 21 said slightly higher and four said significantly higher. "From a year-on-year growth rate perspective, it may not be a substantial upside so to speak." Economists generally agree India needs an even higher growth rate to generate enough jobs for millions of young people who enter the workforce every year. When asked what was India's potential economic growth rate over the next 2-3 years, economists returned a median range of 6.0%-7.0%.

Persons: Anushree, Dhiraj Nim, Alexandra Hermann, Milounee Purohit, Anant Chandak, Susobhan Sarkar, Veronica Khongwir, Hari Kishan, Ross Finley, Sharon Singleton Organizations: REUTERS, Rights, Reuters, Reserve Bank of, ANZ Research, Oxford Economics, Thomson Locations: Delhi, India, Reserve Bank of India

☆ Bank of England rate has peaked, to stay at 5.25% through Q2
▼ + stars: | 2023-10-24 | by ( Jonathan Cable | ) www.reuters.com time to read: +3 min

LONDON, Oct 24 (Reuters) - The Bank of England is likely done with policy tightening and will leave Bank Rate at 5.25% on Nov. 2, according to the vast majority of economists polled by Reuters who did however caution the chance of another increase this year was high. Only 12 economists forecast a quarter point rise to 5.50% at the November Monetary Policy Committee meeting. Inflation was expected to gradually decline across the forecast horizon but it won't reach target until Q2 2025, the poll showed. Around one-third of economists expected the Bank to act earlier. The BoE was forecast to reduce Bank Rate by 50 basis points in the fourth quarter, putting it at 4.50% by year-end.

Persons: James Smith, Elizabeth Martins, BoE Governor Andrew Bailey, BoE, ING's Smith, Jonathan Cable, Prerana Bhat, Sujith Pai, Jonathan Oatis Organizations: Bank of England, Reuters, Bank, ING, MPC, HSBC, United States Federal Reserve, European, Thomson

☆ Gen X isn't financially prepared for retirement
▼ + stars: | 2023-09-27 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +8 min

New York CNN —Gen Xers are now in their 40s and 50s and account for about a fifth of the US population. And the median amount that Gen X households have in retirement savings — meaning half have less, half have more — is just $40,000. “Retirement savings for Generation X is highly concentrated among the highest earners,” the report notes. Nevertheless, the average Gen X retirement savings balance (nearly $130,000 for individuals and $243,000 for households) suggests that many higher earners may not be saving enough, if those savings are intended to be one’s main source of income in retirement. Also, changes to an existing Saver’s Credit may help lower income Gen Xers.

Persons: Xers, ”, Tyler Bond, Gen Xers, Stark, Rowe Price, —, “ Organizations: New, New York CNN, Boomers, National Institute on Retirement Security, Social Security, Social, Fidelity, Vanguard Locations: New York

☆ Las Vegas is asking companies that want to move or expand there to show how much water they plan to use
▼ + stars: | 2023-09-15 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Las Vegas is trying to balance economic growth and water conservation. The producer plans to move to northern Las Vegas and requested $2.28 million in tax incentives from the Nevada Governor's Office of Economic Development. The water-investment tool works like this: First, the Southern Nevada Water Authority analyzes how much consumptive water a new or expanding company would use. Johnson said the next steps include making sure officials in every city in greater Las Vegas are using the tool in the same way. The water-investment tool builds on a long list of conservation measures in Las Vegas.

Persons: Dave Johnson, Johnson, there's, Tina Quigley, Quigley, Lake Mead Organizations: Service, revelers, Las Vegas, Southern Nevada Water Authority, Juanita's Foods, Nevada Governor's, Economic, Juanita's, Las Vegas Global Economic Alliance Locations: Vegas, Colorado, California, Phoenix, Las, Las Vegas, Nevada, Lake, Arizona . Nevada, Nevada , Arizona

☆ Bank of England to raise Bank Rate to 5.50% in September, significant minority expect further hike: Reuters poll
▼ + stars: | 2023-09-14 | by ( Shaloo Shrivastava | ) www.reuters.com time to read: +4 min

Nearly all 65 economists in the Sept. 11-13 Reuters poll expected the BoE to hike its Bank Rate by 25 basis points to 5.50% this month, in line with interest rate futures pricing. Survey medians showed the Bank Rate was expected to peak at 5.50%, matching rate futures pricing, and stay there until mid-2024. While 28 economists expected the Bank Rate to peak at 5.75%, two said 6.00%. Nine of 16 gilt-edged Market Makers (GEMMs) that participated in the poll predicted a 5.50% peak rate and seven said 5.75%. A separate Reuters poll showed average house prices in Britain were predicted to fall 4% this year and flatline in 2024 before rising in 2025.

Persons: BoE, Maja Smiejkowska, Ellie Henderson, BoE Governor Andrew Bailey, Catherine Mann, Shaloo Shrivastava, Anitta Sunil, Purujit Arun, Maneesh Kumar, Pranoy, Ross Finley, Hari Kishan, Mark Potter Organizations: Bank of England, REUTERS, Rights, Reuters, HSBC, MPC, Royal Institution, Chartered Surveyors, Thomson Locations: London, Britain, Investec

Despite that, the latest Reuters poll narrowly showed Bank Rate peaking at 5.50%, down from 5.75% predicted in July. All but one of 62 economists in the Aug. 16-23 poll expected Bank Rate to go up 25 basis points to 5.50% next month. The medians showed Bank Rate remaining on hold after September's hike until Q3 next year, though a significant minority - 47% or 29 of 62 economists - estimated a higher peak. That is a flip from a July poll when a slim majority, 51% or 31 of 61 participants, predicted Bank Rate at 5.75% or more by year-end. The wider poll showed inflation averaging 6.8% and 4.7% this quarter and next.

Persons: Luke MacGregor, BoE, James Smith, Simon Wells, Shaloo Shrivastava, Jonathan Cable, Mumal Rathore, Rahul Trivedi, Purujit Arun, Ross Finley, John Stonestreet Organizations: of, REUTERS, Bank of England, Reuters, ING, Reserve, European Central Bank, HSBC, Thomson Locations: of England, London, BRITAIN, BENGALURU, LONDON, Western Europe

US homeowners pay a median of $2,690 each year in property taxes, according to US Census Bureau data. Effective property tax rates by state range from 0.29% in Hawaii to 2.47% in New Jersey. The median home price in the US is $244,900, and homeowners pay a median of $2,690 each year in property taxes. We can also look at the average tax bill charged to homeowners by using the average home value in the US. With an effective property tax rate of 1.10%, the average tax bill in the US is $3,803.

Persons: —, Zillow Organizations: Service, Census Bureau Locations: Hawaii, New Jersey . New York

☆ Bank of England to take Bank Rate to 5.50% over next two meetings: Reuters poll
▼ + stars: | 2023-06-26 | by ( Jonathan Cable | ) www.reuters.com time to read: +3 min

Last week, the central bank surprised investors by raising interest rates half a percentage point, taking Bank Rate to 5.00%, and said there had been "significant" news suggesting persistently high inflation in Britain would take longer to fall. Bank Rate is now expected to peak at 5.50% next quarter following 25 basis point hikes at the BoE's August and September meetings, medians in the poll taken after the Bank's Thursday move showed. In a June 14 poll, policymakers were expected to draw a halt at 5.00% next quarter. "Are they going to be happy with just one more 25 basis points in August? Forty of 52 poll participants said the Bank would dial down the pace to 25 basis points on August 3 but gave a high median 40% chance of another 50 basis point lift.

Persons: James Smith, Stefan Koopman, Jonathan Cable, Aditi Verma, Anitta Sunil, Christina Fincher Organizations: Bank of England, Reuters, ING, Bank, Rabobank, Thomson Locations: Britain

☆ Opinion | Why This Economist Wants to Give Every Poor Child $50,000
▼ + stars: | 2023-06-23 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +51 min

What you’ve got to do to get more money from wealth is just let your money go out there and make money on its own. darrick hamiltonYeah, the extent to which our tax code incentivizes wealth and capital growth, it centers on existing wealth and capital growth. $50,000 to the most wealth-poor person seems like a big number, but we need to put that number in context. In other words, wealth begets more wealth, and wealth builds upon itself. ezra kleinI think that’s a great place to end, so I’ll ask our final question.

Persons: ezra klein, we’ve, We’ve, Darrick Hamilton, Biden Sanders, Bernie Sanders, Cory Booker, Ayanna Pressley, darrick hamilton, hamilton, you’re, ezra klein There’s, you’ve, that’s, Thomas Piketty’s, it’s, there’s, ezra klein I’m, —, ezra klein We’ve, Bill Gates, Elon, Ezra, Ira Katznelson, Crow, Bill, hasn’t, who’s, I’ve, they’re, ezra klein Let’s, darrick hamilton Naomi Zewde, wouldn’t, Let’s, darrick hamilton Ezra, darrick hamilton I’m, Arthur Lewis, Natalie Diaz, ” Natalie, ezra klein Darrick Hamilton Organizations: The New School, Biden, Task Force, Marshall, Black, Washington D.C, Federal Government, SEED, Oklahoma, Social, Social Security Locations: Hamilton, United States, Prosperity, America, Europe, Tulsa , Oklahoma, Connecticut, Washington, —, hamilton

☆ ECB deposit rate to peak at 3.75% or higher as inflation stays sticky: Reuters poll
▼ + stars: | 2023-03-10 | by ( Jonathan Cable | ) www.reuters.com time to read: +3 min

[1/2] Signage is seen outside the European Central Bank (ECB) building, in Frankfurt, Germany, July 21, 2022. All 60 economists polled by Reuters March 7-9 believed her and said the bank's deposit rate would rise 50 basis points to 3.00% on Thursday. Medians in the poll showed the euro zone's central bank adding 25 basis points at the following three meetings in May, June and July to give a terminal deposit rate of 3.75%, higher than the 3.25% peak expected in a February poll. While the median showed the deposit rate peaking at 3.75% it was a view held by only 19 of 60 economists surveyed. There is now only a 34% chance of a recession within the coming year, the poll found, down from 50% in a January poll.

Summary Poll dataBENGALURU, March 7 (Reuters) - India's housing market will remain resilient despite rising interest rates and a weak global economic outlook, according to a Reuters poll of property analysts who have barely changed their forecasts from three months ago. Defying a global trend of falling housing prices as mortgage rates rise and crimp affordability, India has exhibited resilience and is emerging from a decade-long downturn due to strong demand. A major source of employment in a country of 1.4 billion people where a majority are unskilled, the Indian housing market is likely to remain a stable contributor to economic activity in Asia's third-largest economy. A recent increase in unemployment also raises concerns about the sustainability of the current housing market trend. "Amid rising prices, affordability will only worsen in the coming quarters.

☆ UK home prices to fall, but unlikely to come crashing down
▼ + stars: | 2023-02-28 | by ( Jonathan Cable | ) www.reuters.com time to read: +3 min

After years of bumper price rises, the average cost of a home will fall 2.4% this year, according to the Feb. 15-27 poll of 19 housing market experts, shallower than the 4.7% fall predicted in a November poll. "House prices will fall in 2023, that is for sure. Because the number one variable for showing the direction of the housing market is employment - and that remains very, very good indeed." In November's poll, they were expected to fall 7.0% this year and flatline in 2024. (For other stories from the Reuters quarterly housing market polls:)Reporting by Jonathan Cable; polling by Aditi Verma and Vijayalakshmi Srinivasan; editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

☆ ECB 50-basis-point hike in March a done deal, May and June undecided
▼ + stars: | 2023-02-16 | by ( Jonathan Cable | ) www.reuters.com time to read: +3 min

ECB President Christine Lagarde said at a news conference this month that the euro zone's central bank would add 50 basis points to the deposit rate. Economists took her at her word, with all 57 of them polled in the Feb. 10-15 period expecting a deposit rate hike to 3.00% at the March 16 meeting. The ECB will follow up on March's move with a further 25-basis-point lift next quarter, medians showed, giving a terminal deposit rate of 3.25% and a refinancing rate of 3.75%. In response to an additional question, an overwhelming majority - 26 of 28 - said the risk was the terminal deposit rate ends higher than they expect, rather than lower. Markets are currently pricing in a terminal deposit rate of 3.50%.

☆ Cities in Tennessee are constantly getting named the best places to move. Are they?
▼ + stars: | 2023-02-09 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +3 min

Tennessee cities like Chattanooga and Knoxville often show up on lists of the best places to live. Even smaller Tennessee cities have experienced an influx in movers. Even Nashville dwellers are turning their back on city life and spreading out in smaller Tennessee towns like Clarksville, Pleasant View, and Ashland City, according to Frate. "In 2017 my average sales price was in the $180,000s," Frate said. "Now my average sales price is in the low to mid $300,000s."

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