Hurricane Florence: Nearly $30 Billion in Estimated Losses

Earlier this month, Hurricane Florence blasted through the Carolinas and Virginia, leaving a path of flood and wind damage in its wake. According to an analysis by real estate data provider CoreLogic, residential properties in the Carolinas and Virginia sustained between $19-$28.5 billion in damage, which includes impact from both inland flooding and storm surge. […]

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The Defining Financial Question of Millennials: Do You Want to Live Comfortably Now, or in the Future?

(TNS)—Millennials are faced with the internal conflict almost every day: live comfortably now, or later? Thanks to $1.5 trillion in student loan debt, rapidly increasing healthcare costs and high living costs, scraping by now often can be prioritized over worrying about retiring on a beach later. Regardless, millennials are doing a good job at prioritizing […]

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7 Benefits of a Federal Reserve Interest Rate Hike

(TNS)—Interest rates are going up. The Federal Reserve in June hiked rates for the second time in 2018, and there could be two more rate hikes before the end of the year, including one at this month’s Fed meeting. Sure, the increases mean it will cost more to borrow—but you’ll benefit from getting better rates on […]

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Credit Freeze: A Misunderstood Freebie That You Actually Want

(TNS)—Just one year ago, consumers woke up and discovered that hackers had one heck of a field day with their Social Security numbers and other information in a massive data breach at Equifax. Equifax’s screw-up would forever leave millions just that much more vulnerable to ID theft. Face it: It’s not like you can change […]

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What to Buy in September

(TNS)—September is a big month for bargains, with deep discounts on summer merchandise and more. “September is all about the end of summer, so anything seasonal is going to be on clearance,” says Benjamin K. Glaser, former features editor with DealNews.com. You’ll find the last of the one-cent and 10-cent deals on school supplies at […]

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Consumer Confidence at High Point

In August, consumer confidence rose, posting a 133.4 reading in the Consumer Confidence Index® from The Conference Board. July’s reading was 127.9. The Expectations reading of the Index, which gauges how consumers feel about their business, employment and income prospects six months out, improved, as well, to 107.6, while the Present Situation reading, which gauges […]

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Beware Location Remorse: Over a Third Have ‘Neighborhood Regret’

You can change a house—location is tougher. According to new research by Trulia, 36 percent of Americans have “neighborhood regret,” or would have moved to another neighborhood than the one they reside in today. The feeling is heightened in metros, where 46 percent are dissatisfied with their pick, but less pronounced in rural areas (31 […]

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Housing in 2020: Construction Costs Grow, Mortgage Rates Slow

Where will housing be in 2020? According to the latest Metrostudy predictions, if all continues on its current track, construction costs could continue to increase, and mortgage rates could reel in. While rates have increased in the last six months, impacting affordability, the rise is not significant according to historical trends, says Mark Bound, chief […]

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Daily interest: A festering sore in consumer loan markets

What do home mortgage loans have in common with every other type of consumer loan? They all incur a monthly or daily interest charge. Here are several important things you and your clients need to know about these interest charges.

401(k) Auto-Enrollment Connected to Early Withdrawals, With Housing Implications

With Social Security trust fund reserves waning—predicted to be depleted by 2034, leaving Social Security unable to maintain full scheduled benefits—and the number of retirees expecting to receive benefits increasing, more and more Americans are relying on 401(k) savings to support their retirement living. In fact, Statista estimates there are 41.2 million households who presently […]

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