Chris Arnold
Stories
-
Business
A new bill could save retailers from paying a fee when customers use credit cards
Retailers have been complaining that credit card companies have the upper hand - charging them "swipe fees" when customers use cards. A bipartisan bill is in the works that could change that dynamic.
-
Business
How to solve the nation's housing shortage
Hundreds of towns and cities are short of housing. It's the biggest reason rents and home prices are so high. A new study out today looks at how to fix the problem.
-
Business
The pain of rising mortgage rates when you're waiting for your home to be built
Many Americans put down deposits of $20,000 or more with builders to put up new homes. But with mortgage rates rising, some can no longer afford the homes. And they could lose their deposits.
-
Business
Rents across U.S. rise above $2,000 a month for the first time ever
A new report shows the cost of renting a home or apartment is up 15% nationally to a new record high.
-
Business
Home prices could fall in some U.S. cities. Here's where and why
During the past two years, home prices nationally have soared more than 30%. Rising mortgage rates make affording a home even harder. That has many people wondering if we're in another housing bubble.
-
National
Rising home prices are leading to fears of a new housing bubble
Home prices are up 30% in the past year in some cities. Many people wonder if we're in another housing bubble. Some economists think prices could fall in places where homes are especially overvalued.
-
Business
Mortgage rates just hit 5%. Buying a home has become a lot more expensive
Higher mortgage rates and home prices have pushed the monthly payment to buy the median-priced home in the U.S. up more than 50% since the start of last year. Many first-time buyers can't afford it.
-
Business
There's never been such a severe shortage of homes in the U.S. Here's why
Home prices rose nearly 20% last year, in large part because the U.S. is several million homes short of demand. Builders say the pandemic is partly to blame, but the problem goes deeper than that.
-
National
Encore: In the U.S., there's a historic shortage of homes — around 3 million short
The U.S. is in the midst of a historic housing shortage. Supply chain problems are only part of the reason. The country needs something like 3 million more than it has.
-
Business
Americans will feel the impact as Fed raises rates. Here's what you should know
It's getting more expensive to borrow money with rates on mortgages, car loans, and credit cards heading higher. Here's where you're likely to feel the impact and what you can do about it.