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Homebuyers are making bigger down payments. Coming up with that cash is still a struggle
Alvarez | E+ | Getty ImagesHome prices have been rising, and so have down payments.The median down payment among homebuyers in December was $63,188, according to a recent report by Redfin. That's up 7.5%, or about $4,000, from a year…
Gen Z’s wealth effect will shape the economy over time — here’s who will benefit
With rising incomes and a willingness to spend, Generation Z could have a profound impact on the economy and the market. The cohort's global income levels are expected to increase from $9 trillion in 2023 to $36 trillion around 2030 and…
Weekly mortgage demand surges 20% higher, after interest rates drop to the lowest since
Ryan Ratliff, center, real estate sales associate with Re/Max Advance Realty, shows Ryan Paredes, left, and Ariadna Paredes a home for sale in Cutler Bay, Florida, on April 20, 2023.Joe Raedle | Getty ImagesA sharp drop in mortgage…
How Facebook Marketplace is keeping young people on the platform
Meta's Facebook's influence remains strong globally, but younger users are logging in less. Only 32% of U.S. teens use Facebook today, down from 71% in 2014, according to a 2024 Pew Research study. However, Facebook's resale platform…
Formula 1 officially approves Cadillac as new American team starting in 2026
#12 Cadillac Hertz Team Jota USA) Cadillac V-Series.R Hypercar) driven by Alex Lynn GBR) / William Stevens GBR) / Norman Nato FRA), during the 1812KM of Qatar first round of the 2025 FIA WEC Championship at Losail International Circuit…
The Federal Housing Administration could face layoffs — what that may mean for homebuyers
Department of Housing and Urban DevelopmentSource: Department of Housing and Urban DevelopmentTens of thousands of federal workers have lost their jobs in recent weeks as the Trump administration attempts to slash government…
Applebee’s owner Dine Brands to lean on value, marketing to reverse sales declines
Michael Siluk | UCG | Universal Images Group | Getty ImagesDine Brands hopes to boost sales this year with a wider swath of value meals and buzzier advertising after a rough 2024 for Applebee's and IHOP."We had a soft year in 2024, which…
Tesla shares have declined every week since Elon Musk went to Washington
Elon Musk speaks during the first cabinet meeting hosted by U.S. President Donald Trump, at the White House in Washington, DC, U.S., February 26, 2025.Brian Snyder | ReutersTesla's stock has never had a stretch this red.For seven…
BlackRock says investors should look beyond the noise and grab attractive income in these
Investors looking for income should block out the "noise" rocking the markets these days — and look beyond traditional fixed-income holdings for attractive yields, according to BlackRock's Russell Brownback. Concerns over President…
Costco checks plenty of key boxes for investors despite missing on earnings
Costco on Thursday reported another sturdy — if mixed — quarter, demonstrating that its focus on keeping prices low continues to bring more shoppers to its stores at an uncertain time for the U.S. economy. Total revenue in its second…