Rent Control Goes to a November Vote in Orlando as Rents Soar

Rent Control Goes to a November Vote in Orlando as Rents Soar

A clash over the prospect of rent control in central Florida is heating up this month and will be closely followed across the U.S., as other cities consider ways to address record high rents. The board of commissioners for Orange County, which includes Orlando, last week moved to put a measure on the November ballot […]

US Housing Affordability in June Was the Worst Since 1989

US-Housing-Affordability-in-June-Was-the-Worst-Since-1989-by-WSJLogin

It was more expensive to buy a U.S. home in June than it has been for any month in more than three decades, as record-high home prices collided with a surge in mortgage rates. The National Association of Realtors’ housing-affordability index, which factors in family incomes, mortgage rates and the sales price for existing single-family […]

US Budget Deficit Shrinks $1.6 Trillion on Record Tax Surge

US Budget Deficit Shrinks $1.6 Trillion on Record Tax Surge

The US federal government’s budget deficit has shrunk by some $1.57 trillion so far this fiscal year, driven by record receipts from a strong economy and a slowdown in spending as pandemic-era programs fade. The deficit dropped to $360 billion over the seven months from October through April 2022, according to Treasury Department data released […]

Prices in US Outstrip Forecasts in Sign of Inflation Persisting

Prices-in-US-Outstrip-Forecasts-in-Sign-of-Inflation-Persisting

US consumer prices rose by more than forecast in April, indicating inflation will persist at elevated levels for longer and keeping the Federal Reserve on the path of aggressive interest-rate hikes. The core consumer price index, which excludes food and energy, increased 0.6% from a month earlier and 6.2% from April 2021, according to Labor […]

Inflation Got You Down? At Least You Don’t Live in Argentina.

Inflation Got You Down? At Least You Don’t Live in Argentina.

Shopkeeper Jonathan Faez has a word of advice to people around the world obsessing about inflation: Chill out. “I have friends in the United States and Spain and they’re telling me they’re going crazy with their annual inflation of 5% or 7%,” says Mr. Faez, owner of a lingerie store. “Here, we reach 4% almost […]