TheBuzz24

Retirement savings accounts faced significant pressure during the first quarter of 2026 as geopolitical instability fueled widespread market volatility. Recent data reveals that the average 401(k) balance declined by 4% to $141,000, while individual retirement account (IRA) balances saw a comparable drop to $131,380. This downturn was largely driven by economic fallout from the conflict […]

Recent economic indicators reveal a complex landscape for the U.S. economy, as core inflation metrics align with expectations while overall growth figures face a downward revision. The personal consumption expenditures (PCE) index, a key gauge favored by the Federal Reserve, rose by 0.2% in April. On an annual basis, core prices—which strip out the volatility […]

New York officials have enacted a new tax policy targeting non-primary residences, aiming to secure approximately $500 million in annual revenue to help bridge the city’s widening budget deficit. The legislation, commonly referred to as the ‘pied-a-terre’ tax, specifically impacts second homes and luxury condominiums with valuations exceeding $1 million. This move marks a significant […]

The housing market is proving remarkably resilient, maintaining steady activity even as mortgage rates navigate a period of heightened volatility. For the week ending May 28, the average 30-year fixed mortgage rate held firm at 6.53%, reflecting only a marginal shift of 0.02 percentage points. Similarly, the 15-year fixed mortgage rate stabilized at 5.87%, offering […]