A day after leading a four-hour filibuster to delay a vote on the Liberal government’s 2023 budget bill, Conservative Leader Pierre Poilievre called for Prime Minister Justin Trudeau to cancel his summer vacation in order to work on rewriting the legislation. “I’m calling on [Trudeau] to do the honourable thing. To put aside his pride and…
Poilievre Calls on Trudeau to Cancel Summer Vacation to Work on Budget Bill
June 8, 2023
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Few Industries Are Better for First-Time Investors Than Real Estate. Here Are 4 Proven Ways to Make a Profit.
By Ari Chazanas When it comes to investing, few sectors offer the level of profitability and stability that residential real estate does. For first-time investors, this venture can be a powerful tool to generate income and accumulate wealth. The real estate market, particularly the residential sector, has consistently proven to be a solid investment choice….
Industry Experts Predict Mortgage Rates Below 6 Percent by 2024
Despite the national slump in real estate sales, Lawrence Yun, the chief economist at the National Association of Realtors (NAR), is forecasting that mortgage rates will fall closer to 6.0 percent by the end of 2023 and go below 6.0 percent in 2024. He expects new and existing-home sales to bottom out in 2023 before…
Home Prices Rose in March for Second Time After Months of Declines
Home prices across the United States rose for the second consecutive month in March amid widespread shortages and inventory issues, according to data published on May 29. Home prices increased by 0.4 percent nationwide month over month, data from the S&P CoreLogic Case-Shiller US National Home Price index showed. That marked the second month in a row of gains after…
What’s the Deal With Jumbo Loans
May 26, 2023
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One of the reasons that First Federal Bank failed was the abundance of low-interest jumbo loans they had outstanding. Jumbo loans or mortgages are riskier for banks to make. But what are jumbo loans, and why are they risky? They may have been popular with the recently failed banks, but are they still common with…
Biden Administration’s New Mortgage Policy: Unjust and Dangerous
Commentary One of the essential lessons most of us are taught early in life is the importance of developing a sense of financial responsibility. Work hard to earn a good paycheck. Don’t spend more than you can afford. Save for the future. Eventually, following these steps will land you in a position where you can…
Mortgage Arrears and Repossessions Jump as Homeowners Struggle Amid Soaring Interest Rates
May 19, 2023
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The number of homeowners in arrears and properties being repossessed jumped in the first quarter of this year, as mortgage costs soared amid repeated interest rate hikes. According to figures from trade body UK Finance, some 750 homeowner mortgaged properties were taken into possession in the first quarter of 2023, a 50 percent increase from…
Chinese Homebuyers Move Into Unfinished Apartments in Coastal City
A group of homebuyers has been waiting for a decade to live in the homes they’ve been paying mortgages on but were left unfinished to this day. Despite no utilities, they moved into their unfinished apartments in Qingdao city, in the coastal province of Shandong, earlier this month. “We just want to live in our…
Tips for Homebuyers
By Daniel Bortz From Kiplinger’s Personal Finance Home prices are expected to remain flat or even fall in 2023. Still, prices are lofty. And if you’re in the market for a home, here are some tips to keep costs down. Look into mortgages with low down-payment requirements. The average down payment across the nation’s 50…
How a Fed Increase Could Affect Credit Card Debt, Auto Loans?
May 6, 2023
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NEW YORK—The Federal Reserve has raised its key interest rate yet again in its drive to cool inflation, a move that will directly affect most Americans. On Wednesday, the central bank boosted its benchmark rate by a quarter-point to 5.1 percent. Rates on credit cards, mortgages and auto loans, which have been surging since the…
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