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☆ Insider Today: Austin's genius housing fix
▼ + stars: | 2024-09-28 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +7 min

This week's dispatchThe high cost of weight-loss drugsiStock; Rebecca Zisser/BIWhy are two popular weight-loss drugs — Wegovy and diabetes medication Ozempic — so expensive in the US? Patients also bargain-hunt for cheaper weight-loss drugs online, or try to use manufacturer-issued coupons. See the full listiStock; Rebecca Zisser/BIDeals we loveCalling all Madewell shoppers: The bi-annual Madewell Insiders sale is here with 25% off almost everything full-price and an additional 40% off sale. The bi-annual Madewell Insiders sale is here with 25% off almost everything full-price and an additional 40% off sale. The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.

Persons: —, you've, Shailene Woodley, George Clooney, Rebecca Zisser, Ozempic, Lars Fruergaard Jorgensen, Sen, Bernie Sanders, it's, Gabby Landsverk, Ro, Henry Meds, Eli Lilly, Stefania Pelfini, Jenny Chang, Rodriguez, BI Marie, Mangin, Yellowstone Joey Hadden, Jackson, Wyoming's, Natalie Ammari, Zers, Austin, Tyler Le, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen, Grace Lett Organizations: Business, Service, Novo Nordisk, Federal Trade Commission, FDA, copycats, BI, Yellowstone, Austin, Lone Star, Disney, Pixar, British, Netflix, Insiders Locations: Washington ,, Germany, New York City, New York, Chicago

☆ We may have finally pulled ourselves out of our economic funk
▼ + stars: | 2024-09-26 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

After two years of the double pain of inflation and high interest rates, those things are normalizing. Sure, jobs were plentiful and the economy was growing, but the combination of high prices and high interest rates felt demoralizing. It’s hard to overstate how much interest rates can change the economic mood, Brendan Duke, a senior director for economic policy at the Center for American Progress, told me. And while both Vice President Kamala Harris and former President Donald Trump have proposed ways to increase the housing supply, the process will take years. “There are economic trends like falling interest rates, and there are policies like making an investment in housing supply that can move the needle,” Duke says.

Persons: CNN Business ’, New York CNN —, Matt Phillips, Dow, That’d, Brendan Duke, ‘ it’s, ’ ”, that’s, Kamala Harris, Donald Trump, It’s, ” Duke, they’re Organizations: CNN Business, New York CNN, Dow, Wall, Center for American Progress, National Association of Realtors Locations: New York, Canada, Australia, New Zealand

☆ China's Xi and top leaders call for halting real estate decline, responding to public concerns
▼ + stars: | 2024-09-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Authorities "must work to halt the real estate market decline and spur a stable recovery," the readout said in Chinese, translated by CNBC. The readout said leaders called for strengthening fiscal and monetary policy support, and touched on a swath of issues from employment to the aging population. Just days after the U.S. cut interest rates, the People's Bank of China on Tuesday announced a slew of planned interest rate cuts and real estate support. This real estate policy is aiming at reducing its drag on the economy." Tempering growth expectationsThe meeting readout said China would "work hard to complete" the country's full-year economic targets.

Persons: Xi Jinping, Zhiwei Zhang, Stocks, Goldman Sachs, Yue Su, Zong Liang, Zong, Bruce Pang Organizations: Getty, CNBC, Communist Party, People's Bank of China, Economist Intelligence Unit, Bank of Locations: Yuexi County, Anqing, Anhui province, China, BEIJING, Hong Kong, U.S, Beijing, JLL

☆ It will take more than just a drop in interest rates to save the housing market
▼ + stars: | 2024-09-23 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

But while lower mortgage rates may translate to more buying power for homebuyers, America’s housing market woes aren’t likely to be solved solely by rate cuts. But Enterprise Community Partners, the nonprofit where Donovan currently serves as CEO, estimates that the US needs 7 million new units in order to stabilize the housing market. “There are a lot of factors that have affected the housing supply and these are complicated issues to solve. “We’re not expecting mortgage rates to fall that much further, and we still think that the mortgage rate ‘lock-in’ effect will still be there,” Dougherty said. “Things will probably pick up as rates come down, but we’re not looking for a high-octane rebound,” Dougherty said of the housing market.

Persons: they’d, aren’t, ’, ”, Shaun Donovan, Kamala Harris, Donald Trump, ” Donovan, Harris, Trump, Donovan, Jerome Powell’s, Freddie Mac, Charles Dougherty, That’s, “ We’re, ” Dougherty, ” Powell, that’s, Dougherty, “ It’s, ” Ryan McLennan Organizations: CNN, Housing, Urban Development, National Association of Realtors, Partners, Federal, Fed, National Association of Home Builders, homebuilders, Consumer Financial Locations: America, Wells Fargo, Houston, homebuying

☆ Minneapolis housing program and Kentucky sheriff accused of killing judge: Morning Rundown
▼ + stars: | 2024-09-20 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +9 min

A Minneapolis program might offer a solution to the housing shortage. A Kentucky sheriff is expected to be charged with murder in the fatal shooting of a district judge. One city’s secret to fixing housing: Build moreRoughly five years into a program in Minnesota aimed at adding to the housing supply, Minneapolis Mayor Jacob Frey says "the results speak pretty clearly for themselves." 🏡 The housing stock in Minneapolis grew 12%, compared to 4% statewide between 2017 and 2022, according to a Pew Research report. Minneapolis’ program offers potential solutions to address housing supply and affordability.

Persons: Trump, Harris, Jacob Frey, ected to Organizations: Minneapolis Locations: Minneapolis, Kentucky, Minnesota

“If we’re going to put up affordable housing, we don’t just want to house one family. We want to house five or six or eight or 25 families,” said Minneapolis Mayor Jacob Frey, who has overseen the Minneapolis 2040 plan. Trump campaign national press secretary Karoline Leavitt blamed the higher housing costs on the current administration’s policies, as well as an “unsustainable invasion of illegal aliens.” The campaign broadly said Trump’s housing plan involves freeing up federal land for housing and cutting regulations. Walz, whom Frey said was “committed to the mission” on affordable housing, signed the measure into law in May. We also need to have more active state, local and federal government policies that look to support the housing market.”

Persons: ”, Minneapolis Mayor Jacob Frey, Ben Brewer, Donald Trump, Kamala Harris, Harris, Tim Walz, Karoline Leavitt, It’s, Frey, Hennepin, Ryan Allen, “, ” Allen, Cody Fischer, ” Fischer, ” Jeremy Wieland, Wieland, didn’t, it’s, ” Wieland, Fischer, ’, Walz, University of Minnesota’s Allen, that’s Organizations: National Association of Realtors, Minneapolis Mayor, Currie, Bloomberg, Getty, Minnesota Gov, Trump, Pew Research, NBC, Ford Motor Co, Minn, University of Minnesota, Minneapolis, California Bay Area, Minnesota Environmental, Minnesota Supreme, University of Minnesota’s Locations: MINNEAPOLIS, United States, Minnesota, Minneapolis, U.S, Harrison, Hennepin County, St, Paul, California Bay, San Francisco, Oakland, ”, Northeast Minneapolis, “

☆ The 2 things that will determine whether last week's stock market rally will continue this week
▼ + stars: | 2024-09-15 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The S & P 500 rebounded 4% this past week, almost clawing back all of the prior week's horrible decline. Fed watch The Fed is the big market event this week. ET: Fed rate decision Before the bell: General Mills (GIS) After the bell: Steelcase (SCS) Thursday, Sept. 19 8:30 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer, Jensen Huang's, Goldman Sachs, Jim, Huang, Lisa Su, Su, Vimal Kapur, Morgan, Brian Niccol, Wells, Morgan Stanley, Jerome Powell, They're, Lennar, Doug Yearley, Mills, LEN, Jim Cramer's, Spencer Platt Organizations: Federal, Dow, Nasdaq, Nvidia, Club, Technology, CNBC, Oracle, Devices, TAM, Apple, Honeywell, Starbucks, Barclays Global Financial Services, Fed, FedEx, homebuilder, Home Depot, Darden, Jim Cramer's Charitable, New York Stock Exchange, Getty Locations: Las Vegas, U.S, America, Horton, New York City

☆ Montana's hot housing market heats up critical Senate race
▼ + stars: | 2024-09-13 | by ( Emily Wilkins | ) www.cnbc.com time to read: +2 min

"For Montanans, it's been harder and harder to find a home that meets their needs and is affordable," he said. The result is not only more condos and duplexes, but a hot-button issue in a Senate race that could ultimately decide who controls the chamber. Tim Sheehy, the Republican nominee, is a former Navy SEAL who founded an aerial firefighting company in Montana. He blames high housing costs on inflation, and blames inflation on laws backed by President Joe Biden and voted on by Tester. "Our biggest challenge growing our company was convincing folks to come to Montana and absorb these crazy housing costs," Sheehy said during the debate.

Persons: DJ Smith, it's, Democratic Sen, Jon Tester, Trump, Cook, Sheehy, Montanans, Tester, Tim Sheehy, Joe Biden, Biden Organizations: Montana Association of Realtors, Big Sky, Senate, Democratic, Republican, AARP, Montana Broadcasters Association, Navy SEAL Locations: MISSOULA, Mont, —, Montana

☆ Pets, sports, and Disney might end up rescuing China's ailing consumer economy
▼ + stars: | 2024-09-13 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

Read previewA family dog, tennis, and Disney Shanghai's LinaBell character have one thing in common — they might end up pulling China out of a long slump in consumer demand. Those rapidly growing areas are poised to drive a rebound in China's anemic consumer spending, Bank of America analysts say. China's pet economy is seeing outsize spending as pets come to occupy a greater place of prominence in households. Finally, the analysts see significant growth potential in the country's "cultural IP" economy — spending on books, movies, and experiences based on fictional characters or storylines. China's economy has been stuck in the doldrums amid weak consumer spending.

Persons: —, that's Organizations: Service, Disney, Bank of America, Business, Consumers Locations: China

☆ An influx of young people entering the housing market next year will lead to a homebuilding boom, analyst says
▼ + stars: | 2024-09-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Read previewA wave of younger buyers are about to enter the housing market in a trend that could spark a boom for homebuilders, according to one housing analyst. That's because young Americans are itching to buy a home, and they'll likely enter the housing market in droves once mortgage rates come down, he told CNBC in a recent interview. AdvertisementThe 30-year fixed mortgage rate hovered around 6.35% the last week, Freddie Mac data shows, close to their lowest level since early 2023. Yet, 89% of existing homeowners have a mortgage rate below 6%, Redfin found in a survey at the start of the year. Mortgage rates, though, could be slow to come down, housing experts say.

Persons: —, Phillip Ng, they'll, We've, Ng, Freddie Mac, Redfin, Pricing's Organizations: Service, Jefferies, CNBC, Business, Buyers, National Association of Realtors, Builders, Mortgage Locations: Redfin

☆ What you need to know about Kamala Harris' 'opportunity economy'
▼ + stars: | 2024-09-11 | by ( Kwan Wei Kevin Tan | Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +7 min

Read previewVice President Kamala Harris says she has a plan for America's middle class— building an "Opportunity Economy" to help them succeed. "Vice President Harris grew up in a middle class home as the daughter of a working mom. She believes that when the middle class is strong, America is strong," the Harris campaign wrote in a section titled "Build an Opportunity Economy and Lower Costs for Families." But just what exactly is Harris looking to do when she says she's going to build up the middle class through her "Opportunity Economy" agenda? During the debate, Harris accused Trump of only wanting to offer tax breaks to the richest people, while Trump countered by saying Harris lacked a detailed plan.

Persons: —, Kamala Harris, Harris, Donald Trump, she's, Biden, Trump, Alice Tecotzky, Goldman Sachs Organizations: Service, Business, Trump, American, Biden, Pharma, New York Times, Siena College Locations: America, North Carolina

☆ Don't count on mortgage rate relief to unlock the housing market, says Zillow's chief economist
▼ + stars: | 2024-09-11 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

But while mortgage rates are one piece of the housing crisis puzzle, don't expect mortgage-rate relief to fix the locked-up housing market, according to Zillow's Chief Economist Skylar Olsen. In fact, she thinks falling mortgage rates could have a long-term effect of locking up the housing market even more. If more people are able to afford houses but existing owners aren't selling, then the housing market will remain frozen. As a result, mortgage rate relief might temporarily open up the housing market, but any relief is likely to be short-lived. Until then, don't bank on lower mortgage rates to unlock the housing market.

Persons: —, Skylar Olsen, Olsen, Freddie Mac Organizations: Service, Business, Olsen Locations: Jackson, skyrocketing

☆ Maui could soon ban some Airbnbs. Short-term rental owners say it will be financially devastating for them.
▼ + stars: | 2024-09-08 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +9 min

When researching the properties, he confirmed their tax status as short-term rentals on the county site. Jason Gobey, another short-term rental owner, told BI he researched and spoke to real-estate agents as well as others before buying his one-bedroom condo in Kihei in 2019. He also said he confirmed the property's tax status as a short-term rental and had no idea there could be an issue with it. Though some of the Minatoya List properties will likely be converted to long-term rentals, Church said it is not financially feasible for him. But the benefit of adding the Minatoya List properties to the housing stock is that they are already built.

Persons: —, Andrew Church, Mario Tama, Richard Bissen, Church, Jason Gobey, Gobey, Smith, Justin Tyndall, Tyndall, that's, it's Organizations: Service, Business, Church, Owners, Maui, Maui Planning, University of Hawaii Locations: Maui, Lahaina, Barcelona, New York City, South Maui, West Maui, Kihei, Arizona, Manoa

☆ Top 5 Best and Worst Cities for New Home Listings: Redfin
▼ + stars: | 2024-09-07 | by ( Christine Ji | ) www.businessinsider.com time to read: +1 min

The housing market is finally reviving as mortgage payments decrease for the first time in 4 years. Here are the top 5 cities with the most new listings — and 5 with the least. Go to newsletter preferences Thanks for signing up! Signs of life in the market include the fact that monthly mortgage payments decreased last month for the first time since 2020 with mortgage rates at a 15-month low, according to Redfin. Mortgage rates are slated to come down further as the Fed begins cutting interest rates soon, giving homebuyers confidence that buying conditions are improving.

Persons: —, Chen Zhao Organizations: Service, Business

☆ If elected, Trump plans to ban mortgages for undocumented immigrants
▼ + stars: | 2024-09-06 | by ( Tami Luhby | ) edition.cnn.com time to read: +2 min

CNN —Former President Donald Trump plans to ban mortgages for undocumented immigrants, he said in a speech at the Economic Club of New York on Thursday. Trump claimed the measure would help address housing affordability because a “flood” of people entering the country illegally are pushing up housing costs, but undocumented immigrants only make up a tiny portion of the mortgage market. It’s often very difficult for undocumented immigrants to obtain home loans, even though the USA Patriot Act of 2021 allowed banks to accept ITINs as a form of identification. He also said falling interest rates will send mortgage rates down to 3% or even lower, which will make financing less expensive for homebuyers. Trump’s broader views on undocumented immigrants — and his insistence that he would deport millions of them — could also hamper the push to lower home prices.

Persons: Donald Trump, Trump, — Organizations: CNN, Economic, of New, Urban Institute, Social Security, USA Locations: of New York

☆ Housing supply is piling up in Florida and Texas as HOA and insurance fees jump, Redfin says
▼ + stars: | 2024-09-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The condo market looks stuck in Florida and Texas, according to Redfin. Condo inventory has risen 53% in Florida and 42% in Texas since last year. Buyers have been scared away from both states, partly because of rising HOA fees and insurance premiums. Go to newsletter preferences Thanks for signing up! AdvertisementHousing inventory is piling up in Florida and Texas, in part because homeowners-association fees and home insurance costs are scaring buyers away from the condo market, according to Redfin.

Persons: — Organizations: Redfin, Buyers, Service, Business Locations: Florida, Texas

☆ Thousands of homes on $1 land: The new housing crisis solution sweeping the country
▼ + stars: | 2024-08-31 | by ( Eliza Relman | ) www.businessinsider.com time to read: +10 min

State and local governments often lease or sell land to builders, including affordable housing developers, particularly in areas with high demand for homes. In a rare overlap of goals between the two campaigns, Harris and Trump have both proposed building housing on federal land. Some Republican lawmakers agree that more federal land should be used for homes. The Biden administration has proposed selling hundreds of acres of land in Nevada controlled by the Bureau of Land Management to local governments to build thousands of new homes. But repurposing federal land for new residential communities in Nevada would likely mean more sprawl, which comes with both environmental and economic concerns.

Persons: —, Donald Trump, Kamala Harris, Harris, Trump, Matthew Murphy, doesn't, George McCarthy, McCarthy, MidPen, It's, Abby Goldware Potluri, Harris couldn't, Republican Sen, Mike Lee of, He's, Biden, Maurice Page, Page Organizations: Service, Democratic, Republican, Biden, Business, NYU's Furman Center, Lincoln Institute of Land Policy's, Geospatial Solutions, Lincoln Institute of Land, Center for Geospatial Solutions, Privately, Center, Trump, of Land Management, US Postal Service, Republican Party, General Services Administration, DC, Bureau, Land Management, Las Vegas, Nevada Housing Coalition Locations: State, Nevada, Utah, Massachusetts, Florida, . Massachusetts, San Mateo County, San Francisco, MidPen, Saudi, Mike Lee of Utah, Fort Lauderdale, Las

☆ Looking to buy a home? Redfin's research lead says a flood of housing supply is set to hit the market by the end of 2025 as locked-in homeowners finally start selling.
▼ + stars: | 2024-08-13 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

Read previewProspective homebuyers are painfully aware of just how bad the housing market is right now. Mortgage rates have doubled since 2022 following the Federal Reserve's initiative to raise rates and curb inflation. In an interview with Business Insider, she shared her predictions for the housing market and mortgage rates. Advertisement"That can help to alleviate some of the pain associated with getting a higher rate," Zhao said. The housing market isn't going to unlock overnight, but Zhao is optimistic that conditions will improve for homebuyers going forward.

Persons: —, Chen Zhao, … Zhao, Zhao, It's, Zhao doesn't Organizations: Service, Federal, Business, Fed, Bank of America Locations: Florida

☆ Looking to buy a home? Redfin's research lead says a flood of housing supply is set to hit the market by the end of 2025 as locked-in homeowners finally start selling
▼ + stars: | 2024-08-13 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Persons: —, Chen Zhao, … Zhao, Zhao, it'll, Zhao doesn't Organizations: Service, Federal, Business, Fed, Bank of America Locations: Florida

☆ Most apartment owners in 6 big US cities are offering deals to renters — but don't expect a break in NYC or Miami
▼ + stars: | 2024-08-13 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

More landlords across the US are offering rental perks to attract renters, according to Zillow. Cities including New York and Miami saw fewer rental concessions than average, due to tighter rental markets. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementApartment landlords are offering massive concessions to draw renters across the US, but not all cities are trying equally hard to drum up new tenants.

Persons: —, Austin — Organizations: Service, Business Locations: New York, Miami, — Raleigh, Charlotte, Atlanta, Salt Lake City, Nashville

☆ A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor'
▼ + stars: | 2024-08-11 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

They want to keep their monthly mortgage payment between $3,000 and $3,500 — or around 30% of their monthly take-home income of about $11,000. However, rising home prices and mortgage rates in recent years have made this goal difficult to accomplish. "We refuse to become 'house-poor' and, like many others, are choosing to sit it out until the housing market is reasonable again," Laura said. With an 11% downpayment, they estimated their monthly mortgage payment would be about $5,000 — about 43% of the couple's take-home monthly pay. AdvertisementGoing forward, Laura said they plan to continue monitoring the housing market for a home they like that's in their budget.

Persons: —, Laura Graves, Samuel, they'd, Laura, they've, they're, it's, There's, Samuel aren't, We'll Organizations: Service, Business, Federal, Housing Locations: Portland, Wilsonville , Oregon, Wilsonville, Spokane , Washington

☆ Barcelona is banning Airbnbs. Other European cities have cracked down already — with some success.
▼ + stars: | 2024-08-11 | by ( Eliza Relman | Dan Latu | ) www.businessinsider.com time to read: +8 min

Many experts say short-term rentals, including Airbnbs, are part of the problem, restricting local housing supply and driving up prices. We took a look at three European hubs — Lisbon, Florence, and Amsterdam — that have imposed relatively strict regulations on short-term rentals. Cities have been worried about the impact of short-term rentals on housing costs for years. Instead of a blanket ban, Amsterdam caps the number of nights hosts can rent out their homes at 30 a year. In an increasingly tight housing market, the dominance of short-term rentals acts as an "amplifier," he said.

Persons: —, Airbnb, Lisbon's, João Pereira dos Santos, Pereira dos Santos, Gregory W, Fuller, Florence, Florence's, Dario Nardella, Antonello Romano, Romano Organizations: Service, Business, New York, School of Economics, Finance, Queen Mary University of London, University of Groningen, Wall Street, University of Pisa Locations: Barcelona, Barcelona's, Spanish, New York, Tokyo, Vancouver, London, Paris, — Lisbon, Florence, Amsterdam, Lisbon, New York City, EU, Portugal, Netherlands, Venice

☆ Tim Walz is a YIMBY. He's supported a ton of new housing that's kept rents down in Minnesota.
▼ + stars: | 2024-08-08 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Walz has overseen a significant push for new housing, including reducing regulatory barriers to construction, and supported progressive efforts to support low-income tenants and homebuyers. In May 2023, he signed a $1 billion housing omnibus law, which included funding for programs ranging from downpayment assistance to workforce housing. A city leading the country on housing policyMinnesota's biggest city — Minneapolis — has long been a national leader on pro-housing policy. A lawsuit in 2022 paused the policy's implementation until the Minnesota state legislature passed a law — signed by Walz — in May allowing the plan to go forward. Over the last decade, Minneapolis has constructed a ton of new and dense housing, which has significantly improved affordability.

Persons: —, Joe Biden, Kamala Harris, Harris, Tim Walz, Walz, Minnesotans, Ezra Klein, Janet Yellen, Yellen, Jenny Schuetz, Daryl Fairweather, Redfin's, Walz — Organizations: Service, Business, Minnesota Gov, New York Times, Democratic, Brookings Institute, Minneapolis —, Twin Locations: Minnesota, Minneapolis, Twin Cities

☆ Rent is falling fastest in these 20 cities, thanks to surging apartment supply
▼ + stars: | 2024-07-31 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Median one-bedroom apartment prices rose at the fastest rate in 12 months in July, according to a new report from real-estate site Zumper. 20 cities where rent is receding fastestApartment dwellers looking for lower rent should start their search in the South. Five of the 20 US real-estate markets where one-bedroom apartment prices fell by at least 5% in July were in Texas, and 11 others were in the South or Southwest regions. AdvertisementBelow are the 20 US markets where rent for a one-bedroom apartment fell at least 5% from July 2023, according to Zumper. Each is also listed along with its year-over-year and month-over-month rent changes, median rent price, and national rent ranking among the nation's 100 biggest markets.

Persons: —, Anthemos Georgiades Organizations: Service, Business, Lone Star Locations: Texas, South

☆ The market is flashing signs of a dangerous debt bubble with losses that could be 'contagious,' economist says
▼ + stars: | 2024-07-30 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The market risks a harmful debt bubble, potentially spreading losses in the financial sector. Economist Dambisa Moyo warns of overvalued stocks driven by enthusiasm for artificial intelligence. AdvertisementThe stock market could be hosting one of the most harmful types of debt bubbles, with losses that risk spreading around the financial sector, according to one economist and investing veteran. But even more concerning is that the US could be seeing one of the most problematic types of bubbles, fueled by highly borrowed and "unproductive" assets, Moyo said. Losses from troubled companies also risk contaminating other areas of the market, Moyo added.

Persons: Dambisa Moyo, Moyo, —, Dambisa Moyo —, Goldman Sachs Organizations: Service, Project Syndicate, Versaca

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