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Real Estate
Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why
Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why New home prices could jump by as much as $10,000 because of President Donald Trump's tariffs, industry leaders warn. The National Association of Home Builders (NAHB) estimates that Trump's tariffs could increase prices by $7,500 to $10,000 per new single-family home. The trade group said the estimate is based on reports from members planning for tariff-related price hikes. Trump imposed a 25 percent tariff on Canadian and Mexican goods on Monday, Mar. 4, as well as 20 percent duties on Chinese imports. Two days later, he announced the tariffs would be paused for products covered by the…

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by Chris Spiker
Business
CFPB Drops Capital One Lawsuit As Trump, Musk Target Federal Watchdog CFPB Drops Capital One Lawsuit As Trump, Musk Target Federal Watchdog
Cfpb Drops Capital One Lawsuit As Trump, Musk Target Federal Watchdog The Consumer Financial Protection Bureau has dropped a lawsuit against Capital One as concerns grow about the federal agency's future. The CFPB will no longer pursue legal action against Capital One, according to a court filing on Thursday, Feb. 27. The case, filed in January, claimed the banking giant misled customers and withheld more than $2 billion in interest payments. The company based in McLean, Virginia, supported the dismissal. "We welcome the CFPB's decision to dismiss this action, which we strongly disputed," a Capital One spokesperson said in a statement to the Daily Voice…

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by Chris Spiker
Business
Recession Fears Rise As Consumer Confidence Sees Steepest Drop Since 2021 Recession Fears Rise As Consumer Confidence Sees Steepest Drop Since 2021
Recession Fears Rise As Consumer Confidence Sees Steepest Drop Since 2021 Consumer confidence took its biggest dive in more than three years, adding to growing concerns over inflation, job security, and the broader economy — as Americans grapple with high prices and uncertain financial conditions. The Conference Board's Consumer Confidence Index fell 7.0 points in February to 98.3, the nonprofit business research group said on Tuesday, Feb, 25. That marks the metric's steepest monthly decline since August 2021. The Expectations Index also dropped 9.3 points to 72.9. That number gauges consumers' outlook on jobs, income, and business conditions. Fo…

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by Chris Spiker
Business
Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies
Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies Inflation unexpectedly accelerated in the first month of 2025, adding political and economic pressure to President Donald Trump's campaign promise of immediate relief to high consumer prices. In January, overall inflation climbed 3.3 percent year-over-year for core items and 0.5 percent monthly, according to data from the Bureau of Labor Statistics released on Wednesday, Feb. 12. That ran slightly ahead of economists' prediction of 3.2 percent inflation, NBC News reported. Core items exclude notably volatile prices for food and energy. The Consumer Price Index (CPI) still inc…

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by Chris Spiker
News
Fed Pauses Interest Rate Cuts Despite Trump's Push For Immediate Reduction Fed Pauses Interest Rate Cuts Despite Trump's Push For Immediate Reduction
Fed Pauses Interest Rate Cuts Despite Trump's Push For Immediate Reduction The Federal Reserve kept its key interest rate in place, pausing further cuts and ignoring a demand by President Donald Trump to immediately drop rates. After three months of reductions, the Fed decided to keep the key interest rate target at 4.25 to 4.5 percent. The Fed announced the decision on Wednesday, Jan. 29, after its first meeting since President Trump returned to the White House. Chair Jerome Powell said the Fed is monitoring inflation and economic stability under the Trump administration. "We remain committed to supporting maximum employment, bringing inflation sustain…

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by Chris Spiker
Real Estate
Here's How 2022 Westchester Housing Market Compared To Other Hudson Valley Counties: Report Here's How 2022 Westchester Housing Market Compared To Other Hudson Valley Counties: Report
Here's How 2022 Westchester Housing Market Compared To Other Hudson Valley Counties: Report After a dramatic rise in housing sales in the Hudson Valley as a result of the pandemic, the buying of homes started to decline in 2022, according to a new report.  Compared to 2020 and 2021, housing sales in Westchester, Putnam, and Dutchess Counties showed a decline in 2022, according to a report by the Houlihan Lawrence real estate brokerage from Thursday, Jan. 5.  While sales declined, average sales prices of homes also increased in all three counties, the report said. Houlihan Lawrence officials attributed this to an "unsustainable" volume of sales created by high demand…

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by Ben Crnic