By KIMBERLEY HAAS It is being estimated that the average teacher can afford 12% of homes for sale within commuting distance of their school and just 27% of available rentals in the same area. These numbers come from a Redfin analysis which looked at 2022 median teacher salaries in the 50 most populous U.S. metro…
By KIMBERLEY HAAS Industry leaders are speculating about what officials at the Federal Reserve will do concerning rate increases during their meeting this week. In May, Federal Reserve Chair Jerome Powell said they were prepared to raise rates again if economic conditions worsened, but hinted at a wait-and-see attitude regarding this month’s meeting. Policymakers may…
Lawrence H. Summers, who served as Bill Clinton’s Treasury Secretary and was one of Barack Obama’s chief economic advisors, says “housing inflation is almost certain to soar in coming months,” and he’s taking the current Treasury chief to task over her rosy view of inflation. Former Treasury Secretary Summers has been sounding the alarm over…
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