Heard on the Street: New homes are sitting unsold, despite the discounted mortgages that builders are offering
New homes are sitting unsold, despite builders using sweeteners to shift inventory. Source link
Finance
The U.S. added 42,000 private-sector jobs in October, payroll-processing giant ADP, with trade, education and healthcare sectors driving gains
The modest job growth in ADP’s report offers some reassurance that the soft labor market isn’t worsening. Source link
The party goes on in New York City, if you have the cash
The city has thousands of millionaires and they keep spending, powering a burgeoning local economy that caters to the well-to-do.
Foreign Investment on Track for Third Year of Decline, UN Figures Show
Foreign direct investment fell 3% in the first six months of the year due to trade uncertainty, geopolitical tension and
Eurozone Inflation Slows, Leaving ECB in Its Good Place
The annual rate of inflation in the eurozone slowed in October to just above the European Central Bank’s target. Source
More home-purchase agreements are being scrapped around the country, reflecting a growing standoff between buyers and sellers in a largely stalled housing market
Buyers worried about job prospects are getting cold feet, or realizing that costs will be higher than expected. Source link
How to Squeeze the Most From the New SALT Cap
Taxpayers can act now to make the most of an increase in state and local tax deductions when they file
Social Security Is Giving Retirees a 2.8% COLA Bump for 2026
An experimental inflation gauge for older Americans has recently been running ahead of broader price increases. Source link
Home sales rose in September to a seven-month high after buyers seized on declining mortgage rates
Sales reached a seven-month high, offering some hope that the housing market could be improving. Source link
PulteGroup Profit Falls as Housing Market Remains Stalled
PulteGroup recorded a lower third-quarter profit as affordability concerns continued to put off home buyers. Source link