Unemployment Rate Hits 4-Year High of 4.6% in Further Sign of Labor Market Weakness
The national unemployment rate rose to a four-year high of 4.6% in November, in a further sign of weakness for the U.S. labor market. The November jobs report released Tuesday by the Labor Department also showed that the economy added 64,000 jobs last month after shedding more than 100,000 jobs in O
Could Capital Gains Tax Cuts Lower Home Prices? 2 Proposals Are on the Table
The housing market is stuck, and not just because of high mortgage rates and affordability. In many metros, longtime homeowners with large gains are delaying sales to avoid triggering a steep capital gains tax bill, keeping would-be listings off the market. That dynamic has put capital gains back on
L.A. Megamansion With Special Stargazing Roof and Private Jazz Club Returns to the Market With a Huge $42 Million Price Chop
A spectacular megamansion in Los Angeles that was first listed for sale in February for the eye-watering asking price of $177 million has made a headline-grabbing return to the market after undergoing a drastic $42 million price chop. Yet even after having more than a quarter of its price cut from t
Minimum Wage Workers Can Afford Rent in Just These 5 Metros—With 2 More Likely in 2026
While rent prices continue to trend downward nationwide, just five of the 50 largest U.S. metros remain affordable for workers earning minimum wage on a 40-hour week. But there is some good news for low-income residents: In the new year, two additional metros are poised to join the ranks of budget-
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