A new report by Zillow reveals the country's most affordable rental markets, measuring affordability by the amount of income that renters need to set aside for monthly payments. According to the company's research, these are the five most affordable rental markets.
Rate hikes have spurred a selloff and the Dow Jones Industrial Average received its worst pummeling since February, dropping more than 800 points today. It's been a tough month for the major indexes with S&P 500 and the Dow down more than 2.7% and 1.6%, respectively. And the Nasdaq has lost more than 5.5%.
Auxiliary dwelling units could be the answer to helping low-income households afford to stay in gentrifying areas. According to a report by Donna Bryson from CNBC, the residents of a West Denver neighborhood are taking the affordability issues facing their neck of the woods into their own hands.
A new survey conducted by CNBC shows industry experts are expecting the Fed to raise interest rates in December. While market prices suggest less certainty, 76% of respondents believe the Fed will raise rates. What's more, many of them also believe the Fed will begin to reduce its balance sheet in October. Here's what that could mean for the economy.
As many in the industry guess at when the Fed will raise interest rates after putting off the decision at the last FOMC meeting, one blog from CNBC questions the attention. According to this blog, housing has more important things to worry about.