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☆ Democrats struggle with message on inflation in final midterm push
▼ + stars: | 2022-10-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +10 min

“What is our message about why inflation is going to be worse if Republicans win?” Rep. Ro Khanna, D-Calif., told NBC News in an interview. Even as President Joe Biden and some candidates sharpen their focus on inflation, many Democrats are worried it may be coming too late. “Ads for both parties discussed inflation during the early summer, but since then, pro-Democratic ads have avoided mentions of inflation while pro-Republican ads have increased their discussion of inflation,” the researchers wrote. Economic issues are hitting voters particularly hard in states where Democrats’ control of the Senate hangs in the balance, including Arizona, Georgia and Nevada. In campaign appearances and ads, she’s frequently attempted to explain to voters that the Inflation Reduction Act will lower costs for voters.

☆ Nestle India's profit tops estimates on price hikes, demand rebound
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Oct 19 (Reuters) - Nestle India (NEST.NS) reported a bigger-than-expected rise in third-quarter profit on Wednesday, benefiting from price increases and a rebound in demand for its chocolates and packaged foods in rural areas. The Maggi noodles maker's profit rose 8.3% to 6.68 billion Indian rupees ($81.1 million) in the quarter ended Sept. 30. Analysts on average were expecting a profit of 6.57 billion rupees, according to IBES data from Refinitiv. "Growth has been very strong in the large metros and mega cities and continued to be robust across smaller town classes, including rural markets," Nestle India Managing Director Suresh Narayanan said in a statement. However, analysts says that certain categories, including noodles and biscuits, defied the trend as people consider such items small treats during economic downturns, adding to Nestle's resilient urban sales momentum.

☆ The US cities suffering most from inflation
▼ + stars: | 2022-10-18 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

The year-over-year inflation rate is relatively high in the metro area of Phoenix, based on data for 23 metros. Inflation rates are relatively low in the metro areas of San Francisco, New York, and DC. US inflation data out last Thursday showed inflation remains elevated. The Bureau of Labor Statistics also provides inflation data for 23 of the nation's biggest metro areas, and the following chart shows year-over-year inflation rates for those cities. Americans across the nation are being affected by inflation, whether in the metro areas where inflation is above the national rate or not.

☆ 'Big Short' analyst says Florida home values could drop as much as 50% in some areas when markets factor in flood and storm costs from disasters like Hurricane Ian
▼ + stars: | 2022-10-01 | by ( James Rodriguez | ) www.businessinsider.com time to read: +4 min

Floridians aren't paying enough for flood insurance, according to an analysis by DeltaTerra Capital. Home prices in some parts could fall by 50% when buyers realize the true costs of flood protection. Hurricane Ian left a trail of destruction across Florida, but the state's housing market has yet to feel the brunt of its impact. That's because flood insurance is poised to get much more expensive in high-risk areas as a result of Risk Rating 2.0 , the Federal Emergency Management Agency's updated method of pricing flooding risk for insurance policies held through the National Flood Insurance Program. It's not just a matter of how hurricane damage will affect a regional market, Burt said.

☆ Luxury homes in pandemic real-estate boomtowns like Denver and Austin are lingering on the market as sales of pricier homes drop 28% nationwide
▼ + stars: | 2022-09-28 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +4 min

Pandemic hot spots are among the most affected by the slowdown as homes sit on the market. Prices for luxury homes are still rising in all of the country's 50 biggest metropolitan areas. The cracks in the market are beginning to show in cities like Denver, Austin, and Detroit, which all saw an influx of monied buyers during the pandemic. The same cities that saw inventory linger saw the largest increase in new luxury listings coming onto the market in the third quarter. The median sale price of luxury homes still rose in the 50 most populous metros tracked by Redfin.

☆ Invest in homes in Argentina, England, and more for as little as $100 via these fractional-ownership startups
▼ + stars: | 2022-09-24 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Two startups that allow Americans to buy shares of overseas properties break down the process. Now Americans are showing more interest in Europe and other — relatively — cheaper spots abroad to buy pieds-à-terre and investment properties. Take Housie and Flyway, new startups that embrace a growing trend in real-estate investing: fractional ownership. HousieRight now, for a minimum of $100, users can buy shares of properties and receive dividends quarterly depending on how well the property does on the short-term market. Still in the preliminary stages, Flyway has sold some shares but the homes have yet to be rented out.

Rents fell 0.1% in August, snapping a 20-month streak of increases, according to Apartments.com. Prices fell in 27 of the 40 cities tracked by the firm, signaling the recent price surge is broadly easing. Rents fell 0.1% through August across the US's biggest metropolitan areas, according to new data published by Apartments.com. Average rents fell 1.1% last month in Nashville, marking the largest one-month decline across the 40 cities tracked by Apartments.com. But as rental demand wanes, Americans may soon encounter a more affordable rental market.

☆ Homeowners lose wealth as rising interest rates weigh on home values
▼ + stars: | 2022-09-07 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Some homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper, as the once red-hot housing market cools quickly. From April through July, San Jose, California, lost 20% of its tappable equity, followed by Seattle (-18%), San Diego (-14%), San Francisco (-14%) and Los Angeles (-10%). Current borrowers, on average, owe just 42% of their home's value on both first and second mortgages. There are, however, about 275,000 borrowers who would fall underwater if their homes were to lose 5% of their current value. Even with a universal 15% decline in prices, negative equity rates would still be nowhere near the levels seen during the financial crisis, according to the report.

☆ Has the Phoenix Valley real estate market hit its pandemic ceiling? 7 industry experts debate if Phoenix's lofty home valuations are justified — or if there's a housing correction on the horizon for t
▼ + stars: | 2022-07-07 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +15 min

Besides an overwhelming investor appetite, the surge in the Sunbelt's real estate prices can also be attributed to an influx of enthusiastic remote workers with deep pockets. "The Phoenix market was largely a COVID-19 pandemic market until about last summer," independent real estate market analyst John Wake told Insider, explaining that it was mainly owner-occupants driving the market. "In 2007, before the great recession, over 50% of our workforce was in real estate, construction, retail, and hospitality. Besides its investments into the biosciences and healthcare industry, Phoenix also has a stake in another global sector — semiconductor chip manufacturing. Eventually, Rounds forecasts a price correction of at least 25% for the Phoenix housing market.

☆ The No. 1 city in the world to travel and work remotely is in the US—and it isn't New York or LA
▼ + stars: | 2022-06-24 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

1 global city to take a working vacation. It comes out on top of 115 global cities in the ranking, which were chosen because of their prominence in the tourist industry and availability of "slow" travel options. Here are the top 10 best global cities to take a working vacation, according to Icelandair. While remote work makes it easier than ever to take a working vacation, a lot of people are coming back from these "breaks" more burned out than when they left. Some 61% of Americans who took a working vacation in the last year didn't consider them to be "true" vacations, according to Expedia's latest Vacation Deprivation study of 14,500 working adults across 16 countries.

(video) Un „ochi de foc” a apărut în Golful Mexic după ce o conductă de petrol a explodat sub apă. Salvatorii sting incendiulUn incendiu a izbucnit pe o conductă de petrol submarin în Golful Mexic vineri dimineața. Conducta Ku-Malub Zaap este una dintre cele mai productive clustere petroliere din Mexic care poate produce peste 700 000 de barili de petrol pe zi, sau aproximativ 40 % din producția totală a Pemex, scrie Reuters. Focul care arde pe suprafața apei seamănă cu un „ochi”, o priveliște rar întâlnită. Pemex no ha emitido ningún tipo de comunicado.

Persons: Reuters Organizations: Veracruz Locations: Mexic

Some of the most expensive housing markets, including San Jose and San Francisco, experienced slight home-price declines. Homebuyers in the San Francisco metro area must earn just under $200,000 a year to qualify for a mortgage with 20% down. Each quarter, NAR calculates qualifying income requirements for all US metropolitan-statistical areas assuming the buyer puts 25% of gross income toward the mortgage principal and interest. Metro areas are based on the US Census definitions. Below, we've pulled the qualifying annual income amounts for the 25 largest metros by population, ranked from lowest to highest qualifying income with 20% down.

Persons: Lawrence Yun, Yun, we've Organizations: National Association of Realtors, Service, Los Locations: United States, Jose, San Francisco, Wall, Silicon, Los Angeles, Detroit, Pittsburgh

Search resuls for: "Metros"

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