Economics

— Squawk Box (@SquawkCNBC)

Renters are more pessimistic than ever about their homeownership prospects.

NEW YORK—The Federal Reserve Bank of New York today released results from its 2024 SCE Housing Survey, which is part of the broader Survey of Consumer Expectations (SCE) and provides information on consumers’ housing-related experiences and expectations. The results show that the pace at which households expect home prices to rise in the next year has reaccelerated after falling last year, with average one-year ahead expectations now reaching their second highest reading in the survey’s history. In contrast, home price growth expectations for the next five years declined slightly. Expectations about the change in the cost of rent were considerably higher than home price expectations but followed a similar pattern, as rental price growth expectations increased for one-year-ahead and were essentially flat for five-years ahead. Homeowners’ expectations about the likelihood of refinancing their mortgages over the next 12 months rebounded slightly after falling last year, but remain well below pre-pandemic levels. Renters’ views on the ease of obtaining a mortgage deteriorated substantially, with 74.2% stating that obtaining a mortgage is somewhat or very difficult. In fact, renters’ self-assessed probability of ever owning a home decreased to a new series low.

Prices at limited-service restaurants including Wendy's, Taco Bell, Chick-fil-A and Chipotle have increased more over the past decade than both full-service ...

Jared Bernstein is literally the Chair of the Council of Economic Advisers, the main agency advising Biden on economic policy — Arnaud Bertrand (@RnaudBertrand)

A shortage of olive oil has driven prices to record highs, fueled a crime surge and pushed the industry into crisis mode.

Boeing is finally poised to launch astronauts to the International Space Station for NASA after years of delays and stumbles.

With housing prices on the rise, more and more young people are being priced out of the market. Unfortunately, most politicians are too afraid to tell them what’s really behind the affordability crisis.

A new test developed by Carleton University researchers to detect low-quality sap is being hailed as a way to prevent thousands of litres of maple syrup from circling the drain each year.

From 2014 to 2021, Cuellar and his wife accepted nearly $600,000 in bribes from an Azerbaijan-controlled energy company and a bank in Mexico.

The (bad) options for Americans facing an emergency expense.Subscribe to our channel and turn on notifications (🔔) so you don't miss any videos: http://goo....

After years of massive fundraising rounds and media attention, the cultivated meat industry is facing pushback from politicians and powerful meat lobbying groups.

" ... so the bill that I'm going to sign today is going to say basically take your fake, lab-grown meat elsewhere. We're not doing that in the state of Florida,” said Gov. Ron DeSantis.

I wanted to see how daily patterns emerge at the individual level and how a person’s entire day plays out. So I simulated 1,000 of them.

The National Collegiate Athletic Association was sued by a bipartisan group of US states over restrictions that allegedly hinder the ability of student athletes to get a better cut from the commercial use of their names and images, including on video games and merchandise.

Some Trump advisers argue that the president should be consulted on interest-rate decisions and have the authority to oust the Fed chair.

Some Trump advisers argue that the president should be consulted on interest-rate decisions and have the authority to oust the Fed chair.

Should I Buy a House Now? If you are recently married, your emotions are likely redirected to believing there’s no better time to buy your dream home. Get a job, get married, buy a home, and have a baby; many couples see this happening all around them and want the same right now and in that order. It’s what the Joneses are doing, so it’s what we should be doing. Right?Deciding when to buy a home is one of the biggest decisions in your marriage. Your marriage. Don’t let the Joneses influence what

UnitedHealth CEO Andrew Witty is set to appear at two congressional hearings today, months after a cyberattack rattled the healthcare company.

Financially literate citizens are the bedrock of a healthy economy.

"A clip going viral on social media reveals that this marvelous invention could only be produced in a capitalist system." ~Jon Miltimore

The cookie’s owner, Leaf Brands, accuses the snacking giant of intimidating retailers and instructing workers who restock shelves to hide, misplace or move Hydrox to less desirable locations.

The Food and Drug Administration has finalized a rule to regulate medical tests that have long escaped oversight.

The CHIPS Act is working out just as well as the Jalen Brunson signing for the Knicks.

The antitrust laws prohibit conduct by a single firm that unreasonably restrains competition by creating or maintaining monopoly power.

The News Literacy Project works with educators and journalists to give students the skills they need to discern fact from fiction and to know what to trust.

The White House is reversing course after weighing the health benefits of the ban against the political risk of angering Black voters.