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Trump Desperately Tries to Justify Invoking Insurrection Act The Daily BeastCan Trump Really Use the Insurrection Act? The New YorkerPentagon Tells 1,500 Troops to Prepare for Possible Deployment to Minnesota The New York TimesFBI probe into Renee Good's killing focused on ICE agent before pivoting to her and those around her, sources say CNN
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United Airlines late Tuesday reported better-than-expected profits for the holiday quarter, saying its focus on loyal fliers is paying off and that "strong momentum" continued into the new year.
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China doubled down its rhetorics on the trade agreement between Taiwan and the U.S., saying it would benefit Washington while eroding the island's strategic advantages.
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US bank stocks fall as investors await credit card rate cap deadline ReutersTrump's 10% credit card cap deadline is here. Will card companies comply? CBS NewsTrump's affordability pledge strikes directly at the heart of Wall Street's profit engine CNNTrump called for a 10% cap on card rates by Jan. 20. What happened? USA Today
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After two years of a red-hot market, it's time real estate and mortgage professionals get ready for what could be a slowdown in their business.
Earlier this summer housing prices were on fire. Now there is talk of a "housing recession." Due in part to higher mortgage rates and more people vacationing this summer, U.S. existing home sales fell in July for the sixth straight month, the longest streak of declines in more than eight years.
SEE MORE Is Your Job Burning You Out?
One of my clients in the Midwest put his home up for sale recently and has had no interested buyers - none. A few months ago, we were certain it would sell in days. The plan was to sell the house and pay off their construction loan on their new home before it converted to a permanent mortgage. Now, that plan may need to change.
Several mortgage companies have already let go thousands of employees, and one company, Sprout Mortgage, based in East Meadow, N.Y., shut down in early July. Real estate brokerage companies, such as Compass and Redfin, have also slashed their workforce.
Real estate is cyclical, and while sales will not totally dry up, anyone tied to the industry should get their finances in order now in case the current downturn lasts another several months.
Here are a few moves to consider:
Build an Emergency Fund Twice as Big as a Salaried Worker's
No one wants to get caught borrowing money to pay their bills. While putting away enough money in a savings or money market account to cover six months of expenses is normal, it's best to plan for a longer period if you work in a cyclical industry.
Consider keeping six to 12 months of r
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