Short-Term Rentals Are Hollowing Out Communities With Loose Restrictions

Brendan O’Brien, author of “Homesick,” discusses his new book, and what’s he’s learned about the effects of short-term rentals in communities like Flagstaff, Arizona; Bozeman, Montana; and St. George, … [wpts_spin]{Read|See} the {entire|full} article {on|about} rental market trends in Arizona, or, read more news about {Arizona real estate investing|real estate investing in Arizona|real estate investing…

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US stocks climb as the Fed’s preferred inflation gauge rises in line with estimates

By Personal consumption expenditures data came in as expected on Thursday.REUTERS/Brendan McDermidStocks climbed as the Federal Reserve’s preferred inflation gauge met expectations.Excluding food and energy, the PCE price index increased by 0.4% month over month in January.The reading should boost the outlook for rate cuts, as inflation doesn’t look to be reaccelerating.US stocks climbed Thursday…

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Mortgage Forecast: 6% Rates Still on the Horizon, but Not in Time for Spring

By: Yutthana Gaetgeaw/Getty Images Roughly 72% of potential homebuyers say homeownership would be financially feasible if mortgage rates fell below 5%, according to a recent survey from Realtor.com. That means mortgage rates would need to drop by at least 2% to unlock today’s unaffordable housing market.  But there’s a problem. Major forecasts don’t call for…

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