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2025 labor market holds key for mortgage rates

Housing Wire

Employment trended up in health care, financial activities, transportation and warehousing, and social assistance. I recently discussed this in an interview with Yahoo Finance. The unemployment rate barely changed at 4.1%, according to today’s report by the U.S. Bureau of Labor Statistics. Federal government employment declined.

Marketing 440
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Inside voices: Understanding Gen Z and personal finance

Housing Wire

Today, she interviews Yanely Espinal, the Education Outreach Director for NextGen Personal Finance. As a child from an immigrant family, financial literacy was not something that was discussed at home, and Yanely struggled with personal finance as she entered adulthood. I’m a daughter of immigrants. I had no idea.

Finance 370
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Researchers sound the alarm over finances of ‘forgotten middle’ older adults

Housing Wire

33 percent of Black and Hispanic older adults’ asset portfolios comprise transportation items like a personal vehicle,” the brief said. Liquidizing a vehicle is both inconvenient and impractical as it eliminates a source of independence in a society increasingly dependent on private vehicle access.”

Finance 435
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California leads all states for highest bankruptcy risk to seniors

Housing Wire

Across all states, California poses the highest risk of bankruptcy for Americans ages 65 and older, according to a study released by personal finance website Moneywise. The study analyzed 11 factors to determine which states put elderly U.S. citizens at the greatest risk of bankruptcy.

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Rethinking resident experience: Why consumer tech trends matter now more than ever 

Housing Wire

Industries like retail, banking, transportation and food service have undergone massive digital transformation in recent years by leveraging new technologies to enhance consumer experience. Meanwhile, nearly two-thirds of smartphone users use an app to manage their finances.

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US Senate committee approves full funding for Ginnie Mae

Housing Wire

Senate appropriations committee this week approved full funding for the fiscal year 2025 Transportation, Housing and Urban Development, and Related Agencies Appropriations Act (T-HUD), which provides $98.737 billion in total discretionary funding for agencies including Ginnie Mae. Patty Murray (D-Wash.), the chair of the committee.

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Paving the Way to a Brighter Future

Appraisal Buzz

Dutch Mendenhall: I got my start in real estate financing through a mix of personal experience and a bit of fate. My journey, which began with taking action on a frigid night as a valet, led to the creation of RADD Companies and a mission to empower everyday Americans to take control of their finances and achieve their own American dream.