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Money & The Economy

News on Finance, Money, markets and the economy

Harley Davidson threatens to move production outside USA, but .. they already have

Harley-Davidson

In response to unfair European Union tariffs on its motorcycles, Harley-Davidson says it will move some production out of the United States to avoid the stiff fees. But, a huge portion of their production is already on foreign soil. “Harley-Davidson maintains a strong commitment to U.S.-based manufacturing which is valued by riders globally,” the company said. “Increasing international production to ...

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Kroger finalizes purchase of meal kit maker Home Chef

The Kroger Co. (NYSE: KR) and Home Chef, the country’s largest private meal kit company, today finalized a deal that will make Home Chef the newest addition to the Kroger family of companies. The deal will significantly accelerate the availability of meal kits and position the combined company to lead the way in revolutionizing how families shop for, prep, and cook ...

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A Guide to Starting Property Flipping

House Flipping

Flipping is where you buy a property, refurbish it, and sell it to make income. You will find that you may get financially or emotionally drained at times and if this happens you might be begging your old boss for a job again. Here is the right and easy way to make money in 7 easy tips: 1. Expect to ...

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Household Debt to Surpass 2008 Peak by $1 Trillion

A report released Thursday finds that American household debt is currently on pace to exceed the prior peak debt level from 2008 by the end of June, primarily due to non-mortgage consumer debt. LendingTree’s Consumer Debt Outlook for June 2018, an anlysis of the latest Federal Reserve data, found that mortgage-related household debt has actually fallen by 5.5 percent while total consumer credit – a ...

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Mortgage Payments Require Largest Share of Income Since 2009

Home mortgage

Monthly mortgage payments on the typical U.S. home required 17.1 percent of the median income in Q1 2018. From 1985 to 2000, mortgage payments took up an average of 21.1 percent of the median income. Mortgage payments are a bigger financial burden than they were historically (1985-2000) in nine of the 35 biggest U.S. metros. San Jose, Calif. has the ...

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Report: Jeep Cherokee takes top spot in American-Made Index

Jeep Cherokee

Today, Cars.com (NYSE: CARS) released its annual American-Made Index to help car shoppers determine the “most American” vehicles of 2018. Vehicles at the top of the list have the greatest impact on the U.S. economy. To arrive at this list, Cars.com looked at which cars are manufactured in America, have the most American parts, and support the most American factory jobs. In ...

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U.S. home prices least affordable in a decade

U.S. home prices in the first quarter were at the least affordable level since Q3 2008 according to ATTOM Data Solutions report and California is home to three of the top 5 least affordable counties. The Q2 2018 U.S. Home Affordability Report calculates an affordability index based on percentage of income needed to buy a median-priced home relative to historic averages, with ...

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Trump Effect: Best truck freight market ever seen

semi trucks freight

The American Trucking Association (ATA) says in its May report that the economy is continuing to produce an amazingly robust market for freight. ATA’s advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.7% in May after rising 2.7% in April. In May, the index equaled 113.8 (2015=100), up from 113 in April. “This continues to be one of the best, if ...

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Credit card holders leave travel rewards on the table

Credit card holders don’t take advantage of their travel rewards, according to U.S. News & World Report, the global authority in rankings and consumer advice. In its most recent survey of travel credit card users, U.S. News found that nearly half of respondents did not take advantage of common cardholder benefits such as airport lounge access, trip cancellation and delay insurance, free ...

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4 out of 5 millennials can’t answer basic financial questions

Do you think you know the basics when it comes to finances? According to a new nationwide survey released today by Massachusetts Mutual Life Insurance Company (MassMutual), millennials still have a lot to learn about fundamental personal finance topics such as credit scores, compound interest and investing. Americans age 25-40 were asked five basic financial literacy questions from the MassMutual ...

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Housing market outlook dips into neutral territory on affordability, natural disasters

Home for sale

Recent data from Nationwide’s Health of Housing Markets Report (HoHM Report) show a further worsening of housing market sustainability. For the first time since 2010, Nationwide’s proprietary Leading Index of Healthy Housing Markets (LIHHM) does not forecast a positive outlook for the housing sector. LIHHM is unusual among housing market reports because it is a forward-looking measure of housing market sustainability. The ...

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Homes Selling Faster despite 7.8% rise in prices

Home for sale

In May, homes sold faster than at virtually any other time in the past decade, according to the latest RE/MAX National Housing Report. Low inventory and high demand in May cut Days on Market to 46, the second-lowest monthly number in the nearly 10-year history of the report. May home sales topped April sales by 14.5% and were down by 2.8% from May ...

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May Real Estate Market the Fastest on Record; Prices Up 6.3%

Home for sale

The typical home that sold in May went under contract in 34 days, according to Redfin (www.redfin.com), the next-generation real estate brokerage. May broke April’s record of 36 days, which was the fastest month Redfin had recorded going back to 2010.  Amid the speed, the national median home sale price rose to $305,600, a 6.3 percent increase from May 2017 across the 174 markets that ...

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Paypal biggest winner, Apple Pay biggest loser as e-payment options

Mobile payment

Paypal gained the most ground as Apple Pay lost the most market share among e-payment solutions, according to findings from the sixth annual 2018 Mobile Payments & Fraud Survey (MPFS), which measures the state of mobile payments and mobile channel fraud from each prior survey year. In surveying nearly 600 merchants, the report found that several major mobile wallets have lost traction, ...

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Mortgage Demand Falls to Three-Year Low

Home for sale

Mortgage lenders reported a net negative profit margin outlook for the seventh consecutive quarter, as rising home prices and tight housing supply continue to put a squeeze on mortgage demand, according to Fannie Mae’s Q2 2018 Mortgage Lender Sentiment Survey®. When asked about consumer demand for GSE eligible and government loans, the net share of lenders reporting growth in the past ...

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