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Author Archives: Carl Fox

Carl Fox is the money and finance editor for Conservative Daily News. Follow him in the "Money & The Economy" section at CDN and see his posts on the "Junior Economists" Facebook page.

Millennials’ View of Home Buying Turns Negative

Home for sale

Millennials’ perceived value in buying a home dropped below 50 percent, down significantly from post-Brexit high, according to the latest ValueInsured quarterly Modern Homebuyer Survey: In the third quarter of 2018, 48 percent of all millennials believe buying a home in America today is a good investment; this is a record low, down from 54 percent in the second quarter. The previous high ...

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More than Six Million Homes Missing From U.S. Housing Market

Home for sale

One of the defining characteristics of today’s housing market is the lack of available inventory, and much of this scarcity can be traced back to the lack of building following the bubble’s burst. Between 1985 and 2000, there were 3.9 permits issued for single-family homes per 1,000 residents. Since 2008, that mark stands at just 1.9 permits per 1,000 people. ...

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The top start-up businesses in 2018

What do you think when you hear the word “startup”?  Most people think venture capital-backed Silicon Valley technology companies. But, as FitSmallBusiness.com, the digital business publication discovered, it turns out some of the best companies to start in 2018 are decidedly low tech. The publication’s list of the Top Businesses to Start in 2018 found several notable surprises: Pet spas, liquor ...

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Forecast: Tough Hiring Environment Paying Off for Job Seekers

Pay trending up in tight labor market

As employers grapple with a highly competitive hiring environment that is causing prolonged job vacancies across the U.S., workers are reaping the benefits, According to a report out Friday. CareerBuilder’s Midyear Job Forecast showed that 63 percent of U.S. employers plan to hire full-time, permanent workers in the second half of 2018, up from 60 percent last year. A substantial percentage of employers ...

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Thinking about a “Gig Economy” job? Here are the top 10

The top 10 best jobs in today’s “gig economy” were released today in a CareerCast report that serves as a guide for independent workers seeking employment. Among the best jobs for gig workers are: Accountant, Application Software Developer, Carpenter, Management Analyst, Marketing Manager, Multimedia Artist, Occupational Therapist, Plumber, Public Relations Specialist and Web Developer. “The ability to work with clients on a ...

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Pending Home Sales Rise 0.9 Percent in June

Pending home sales increased in all four major regions in June, but overall activity lagged year-ago levels for the sixth straight month, according to an industry report. The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 0.9 percent to 106.9 in June from 105.9 in May. Despite last month’s increase, contract signings are still down 2.5 percent ...

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U.S. Firms Accumulated Cash in 2Q18 At A Slower Pace Than The Previous Quarter

U.S. companies continued to accumulate cash during the second quarter of 2018, but at a slower pace than they did in the previous quarter. Strong domestic employment numbers may have instilled some confidence among business leaders during the spring of 2018, but not enough to encourage them to reduce their cash holdings, according to the latest AFP Corporate Cash Indicators® (CCI). In ...

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How Malta is evolving into a Cryptocurrency hub

Malta is predicted to be one of the leading countries for blockchain and cryptocurrency development. The country offers great IT opportunities, training, and a very wonderful environment. Now, a growing number of blockchain and cryptocurrency companies are considering relocating to Malta. But what exactly is the reason behind this? What are the things that blockchain and cryptocurrency companies find attractive ...

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Walmart vs. Amazon: 4 Factors Consumers Consider When Online Grocery Shopping

Despite rising competition, Walmart remains the largest retailer in the world. By a wide margin, more people purchase groceries in-store/online from Walmart than other leading food retailers and supermarkets, although Amazon is the online grocery purchasing leader, according to market research firm Packaged Facts in U.S Grocery Market Focus: The Walmart Food Shopper, a new report that’s first in a four-part series on ...

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Strong used vehicle sales pushed up prices in June

Car lot

Robust sales of used vehicles helped to push up prices in June, according to an industry update. Analysts note the used vehicle market turned a positive corner with an increase in the Seasonally Adjusted Used Vehicle Price by 1.2 points—compared with May—to reach 118.2. June’s above-average performance brought the index 4.1 points above June 2017. J.D. Power’s July 2018 Used Car and Light Truck ...

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Raising a ‘Fair’ Credit Score to ‘Very Good’ Could Save Over $45,000

A study released today on the impact of raising a ‘fair’ credit score to ‘very good’ found that consumers could save over $45,000. LendingTree researchers analyzed anonymized loan request and average loan balance data from LendingTree users to see how a lower credit score can increase borrowing costs for the average American with a fair versus excellent credit score. The analysts compared the ...

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Median Home Sale Price Reaches Nine-Year High, Sales Decline

Halfway through 2018, prices are at record highs, inventory is at record lows and home sales are trailing 2017’s pace, according to the RE/MAX National Housing Report. June sales were 5.5% lower than June 2017 in the 54 metro areas surveyed, marking the seventh consecutive month of year-over-year declines. Headed in the opposite direction, the June Median Sales Price of $258,500 was an all-time high ...

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Top 5 Things You Should Know About No Credit Check Loans

Here’s a picture for you: you’re sitting in front of your new Mercedes, staring at a broken windscreen that seems to have appeared there overnight. Was it there before? Did someone threw a rock at it while you left it parked there? It doesn’t really matter anymore; all you know is that it’s going to cost you a fair amount ...

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Consumers and the Federal Government continue spending on credit

Credit cards

Consumers and the Federal Government continue to increase debt due to spending according to a new report out Wednesday. Revolving debt, almost all of which is consumer credit card debt, increased by more than $16 billion in May, according to Lending Tree’s Consumer Debt Outlook for July 2018. That’s the largest-ever increase in revolving credit for that calendar month and the largest percentage increase ...

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Consumers continue to spend more on liquor

The distilled spirits industry saw its 20th consecutive year of volume growth, rising 2.1% in 2017 to 227.7 million nine-liter cases. According to the Beverage Information Group’s 2018 Liquor Handbook, consumers are spending more and drinking more—an increase of 6.7 million cases over the previous year. The ongoing interest in high-end and super-premium products across the spirits segments, combined with continued confidence in the ...

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