Page 23 - Hillary Hoffower News Today

MoMo Productions/Getty Images The uptick was driven by cost savings — aging parents moving in with their adult children. The coronavirus recession is causing a repeat of the rise in coliving in the Great Recession. American households are becoming one big family. From April to June, 15% of homebuyers bought multigenerational homes, a new report by the National Association of Realtors said. That was the highest multigenerational-homebuying rate since NAR began tra...

Michael Lee/Getty Images NYC landlords are yanking apartments off the market amid low rents and demand, The WSJ reported.  Theyre trying to prevent New Yorkers from locking in deals, betting on a spring-summer rent rebound. Experts told Insider rents wont fully rebound until the city fully reopens — likely 2022. New York City real estate is a finicky game: Apartment-hunting New Yorkers have been scoring deals left and right, but some landlords are trying to beat...

The stimulus includes a child tax credit for parents to get up to $3,600 per child. Some Democrats are starting to call it "Social Security for kids."

Westend61/Getty Images Millennial New Yorkers are piling into luxury apartments amid plunging rents and concessions. Theyre upgrading their living situation in pursuit of more amenities, space, and the solo life. As of January, rents were down 15.5% in Manhattan and 8.6% in both Brooklyn and Queens, per StreetEasy.  $3,200. $3,000. $2,900. Over the past several months, Brett Vergara had been watching rent fall like dominoes for apartments at The Brooklyner, a resi...

During quarantine, people with means have turned to obsessive health tracking as a hobby. Fitness tech startups raised a record $2.3B in 2020, per CB Insights, and connected fitness raised nearly $900M. As people learn more about their bodies, theyre letting the apps make lifestyle choices for them.  When Adeline Cheng wakes up, she checks the app on her phone thats synced with the chunky titanium Oura ring she wears to bed. While she slept, the ring measured her breathing, heart rate, body te...

SOPA Images/Getty Images Americans have saved $1.6 trillion since the pandemic started, per the Commerce Department. Thats roughly half of overall global savings during the pandemic, and the same as South Koreas GDP. Its also greater than the output gap, or economic hole created by Covid-19, signaling a coming economic boom. Americans are ready for a shopping spree. Coronavirus lockdowns and two stimulus packages left American consumers sitting on approximately $1....

REUTERS/Eduardo Munoz The US economy is headed for a rebound, but itll make things more expensive for Americans. Experts say the economy wont overheat, but more demand for things like homes and gas will mean higher prices. This is good; inflation like this is a sign of a return to normal and a healthy economic recovery. Experts are growing increasingly hopeful the US economy will rebound in 2021, but theres a price to pay for that. The price of most things, actuall...

David W Cerny/Reuters Vaccines and massive stimulus signal a light at the end of the pandemic tunnel and a new era for the US economy. Antitrust proceedings against big tech could create many more jobs, while remote work is threatening so-called superstar cities. Insider breaks down how these 3 factors are leading the US into a unique period of economic prosperity. Vaccines are rolling out and picking up speed. Theres finally a light at the end of Americas long co...

President Joe Biden has thrown his support behind $10,000 in student loan forgiveness. But a quarter of Americans want it all forgiven.

'Below Deck' yacht My Seanna is currently for sale. Owners are asking $26.5 million.