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Fannie Mae’s chief economist says the US housing market has finally turned around and temporary child tax credits have helped keep Americans financially secure in 2021

Hello market watchers. Don’t miss these top stories.

The good news: Americans’ financial security has skyrocketed in the past year. The bad news: This may be due to this lucrative but temporary tax break

The percentage of Americans who said they could cover $400 in emergency expenses with cash or equivalent hit a 9-year high. Continue reading

Good news for home buyers? Fannie Mae’s chief economist says the US housing market has finally turned a corner. Here’s why.

“A sharper contraction in housing investment is now underway,” said Doug Duncan, chief economist at Fannie Mae. Continue reading

New laws blocking unexpected medical bills are already preventing unexpected bills — so many so far

The No Surprises Act went into effect on January 1st. Read more

The red-hot US housing market “offers hope” for buyers and sellers, according to this real estate economist

The rise in home prices has caused grief to millions of first-time buyers eager to get a foot up the real estate ladder. Continue reading

“Don’t work for the climate destroyers”: António Guterres from the UN for the 2022 graduates

The graduating classes of 2022 must be the generation that succeeds in tackling the climate change emergency, the UN’s António Guterres said on Tuesday. Continue reading

The 10 Best Cars for New College Grads

These cars all cost under $30,000, have excellent fuel economy, and have impressive reliability records. Continue reading

How hotels and Airbnbs are capitalizing on the electric vehicle trend

Airbnb, Hilton and others are now promoting a new convenience in online search filters. Read more

The proportion of adults who say they would be able to meet a $400 emergency expense hits a 9-year high

Americans’ self-reported financial well-being hit a nine-year high before inflation and Omicron took off, an annual report by the Federal Reserve Board shows. Read more

‘This exorbitant wealth wasn’t earned, it was cheated’: Florida trio sentenced to 18 years in prison for fraud in $200m baby food export

The defendants bought the formula at a discount to ship to South America, but then sold it at full price in the US for huge profits. Continue reading

“Inequality has been rising for quite some time, but the pandemic has exacerbated it”

Nearly 600 people have become billionaires in the past two years as inequality has widened, according to a new Oxfam report. Continue reading

https://www.marketwatch.com/story/fannie-mae-chief-economist-says-the-u-s-housing-market-has-finally-turned-a-corner-and-temporary-child-tax-credits-contributed-to-americans-financial-security-in-2021-11653426844?rss=1&siteid=rss Fannie Mae’s chief economist says the US housing market has finally turned around and temporary child tax credits have helped keep Americans financially secure in 2021

Brian Lowry

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