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Trump swings back toward diplomacy in escalating war with Iran The Washington PostIran war live: Trump says US ‘locked and loaded' as it seeks Iran talks Al JazeeraCrude oil prices shoot up after Red Sea joins Strait of Hormuz as Iran war's second choke point Fox NewsTrump Meets With Top Advisers as He Weighs a Major Escalation in Iran The New York Times
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Trump threatens EU will pay ‘big price' after Brussels fines Google $1bn Al JazeeraTrump threatens EU with 'substantial TARIFF' for 'ROBBING' U.S. tech giants CNBCTrump says US will investigate EU trade practices for ‘unethical' fines on Google AP NewsTrump threatens EU with ‘substantial' tariffs over fines of US tech giants The Guardian
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Trump says US will investigate EU trade practices for ‘unethical' fines on Google AP NewsTrump threatens EU with 'substantial TARIFF' for 'ROBBING' U.S. tech giants CNBCTrump threatens EU will pay ‘big price' after Brussels fines Google $1bn Al JazeeraTrump threatens EU with ‘substantial' tariffs over fines of US tech giants The Guardian
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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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UK-based software firm Gresham Technologies has acquired Luxembourg-based B2 Group, a provider of cash and payments solutions, for an undisclosed price.
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