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Did You Know?
The average American has credit card debt of around $6,500. The average interest rate is around 22%, implying an interest payment of around $120 per month. If that rate was halved - 11%, and still about triple Fed rates - the average consumer would have $60 more per month to spend....or save....or pay down their debt…..
Did You Know?
Buy Fire extinguishers ASAP as they have been added to a list of steel products that will face a 50% import tariff. Every home should have at least one fire extinguisher on hand....(CNBC)
Did You Know?
More than 4 million boomers will hit 80 in the next 5 years, and occupancy at both active adult and assisted living communities is already rising fast. There will be just about 4,000 new senior living units developed this year and next year, but demand growth would necessitate 100,000 new beds each year through 2040.....opportunity knocks! (CNBC)
Did You Know?
The City of San José approved the first Accessory Dwelling Unit (ADU) condominium in the state. The home, located on Joséfa Street, near downtown, will be the first ADU in the state of California that can be sold separately from the property’s main house. The move provides another opportunity for affordable homeownership during the housing crisis. Will other areas allow this or reject it as it poses shifts in the fabric of neighborhoods and communities? Sorry for my language but Holy crap!!!!!
Did You Know?
Over the past month, Lumber prices have fallen by 10.48% which could help ease the cost of home building. While steel framing is an increasingly popular alternative, wood framing remains the dominant method for residential construction. Steel framing has seen a slight dip in its share of the market, with wood still holding a very large majority. Although steel offers advantages in strength and durability, it faces challenges like higher initial costs and thermal conductivity issues. Steel prices are up 23.5% since the start of 2025.
Did You Know?
The rise of data centers has caused the electricity outlook to become sufficiently concerning that Texas has passed a law giving the grid operator the right to cut off data centers during periods of power shortage. Senate Bill 6 (SB 6), gives ERCOT the authority to curtail operations of large energy users during periods of high electricity demand or grid instability.
Did You Know?
One aspect all home buyers have to consider now as part of the purchase process is what to anticipate in energy costs as prices keep rising much faster than the rate of inflation. Electricity prices have come DOWN slightly in Iowa which gets 80% of its utility-scale power from renewables, mostly wind. New Jersey only gets 4.6% from renewables and its energy prices rose 10%. Who's consuming all the extra energy? The EIA just discontinued the emergency collection of data of energy usage for Crypto mining, a large new entity requiring lots of energy. Rolling back energy efficiency standards for home appliances could worsen the electricity shortage.
Did You Know?
Chances are there will be a rate cut in September. The Fed usually lowers rates to support a sagging economy and job market. It raises rates or keeps them higher for longer to cool the economy and tame inflation. (USA TODAY)
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