Rising mortgage rates did not slow down rising home prices in March. Nationally, home prices were 20.6% higher than they were in March 2021, according to the S&P CoreLogic Case-Shiller Home Price Index. That is higher than the 20% gain in February. The index is a three-month running average ending in March. The average rate on the 30-year fixed mortgage stood at 3.29% at the start of January and ended March at 4.67%, according to Mortgage News Daily. The Case-Shiller 10-city composite rose 19.5% annually in March, up from 18.7%…
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Shocking divorce rates at world’s most popular wedding destinations
WEDDINGS in Australia cost upwards of $65,482, so it’s no surprise many couples are casting their eyes overseas for cheaper alternatives. In places like Fiji, Bali and Phuket, you can have an extravagant ceremony on a picturesque beach for less than half the price. The Cook Islands and Vanuatu are also rising favourites, as well as European destinations like Paris, Italy, and the Greek island of Santorini. Let’s face it: you’re better off shelling out a few grand for airfares and taking off with your close family and friends than…
Read MoreBank of England set to cut rates as survey flags sharpest UK downturn since 2009
Britain’s economy is shrinking at its fastest rate since the financial crisis after last month’s Brexit vote, making a Bank of England rate cut on Thursday a “foregone conclusion”, a closely watched survey of businesses showed. Financial data company Markit said its monthly all-sector Purchasing Managers’ Index chalked up the steepest month-on-month decline on record after big falls in activity at private-sector services, manufacturing and construction firms. “The unprecedented month-on-month drop in the all-sector index has undoubtedly increased the chances of the UK sliding into at least a mild recession,”…
Read MoreHow Hotel, Airbnb Rates Compare Around the World
There’s been tons of buzz surrounding the battle betweenhotels and home-sharing services of late, with several studies pitting Airbnb against the hotel industry. But a new study from bus travel booking website Busbud reveals there are pros and cons to each when it comes to pricing. Busbud analyzed approximately 220,000 Airbnb listings and average hotel rates on Hotels.com over the first half of 2015 to examine how hotel and Airbnb rates compare in 22 major cities around the world. The study found that the average Airbnb listing was cheaper than the…
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