Singapore’s unemployment close to pre-Covid levels, says minister

Singapore’s labor shortage problems are easing as unemployment continues to fall close to pre-pandemic levels, said Minister of Manpower Tan See Leng. “For local unemployment, we are actually in a fairly good state. The unemployment has dropped. I think we’re close to pre-Covid levels,” he told CNBC’s “Squawk Box Asia” on Thursday. “We are seeing … Read more

How to save money on summer cooling bills as energy prices rise

A pedestrian uses an umbrella to get some relief from the sun as she walks past a sign displaying the temperature on June 20, 2017 in Phoenix, Arizona. Ralph Freso | Getty Images Tips for efficient energy use Most cooling systems use electricity, so making sure your home is running as efficiently as possible can … Read more

Mortgage demand stalls again, even as interest rates swing briefly lower

People wait to visit a house for sale in Garden City, Nassau County, New York. Xinhua News Agency | Getty Images After rising steadily for three weeks, mortgage rates dipped slightly last week, prompting a small increase in refinance activity. Activity from homebuyers, however, pulled back further, leaving total mortgage demand basically flat from the … Read more

Home price increases slowed slightly in April, says S&P Case-Shiller

People walk into a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images Home price increases slowed ever so slightly in April, but it is the first potential sign of a cooling in prices. Prices rose 20.4% nationally in April compared to the same month … Read more

Pending home sales post surprise increase in May

A house’s real estate for sale sign shows the home as being “Under Contract” in Washington, DC. Saul Loeb | AFP | Getty Images Pending home sales, a measure of signed contracts on existing homes, rose slightly in May, up 0.7% compared to April, according to the National Association of Realtors. That broke a six-month … Read more

Investors—including Wall Street—helped to drive up home prices during the Pandemic Housing Boom. Here’s the proof

Investors — including Wall Street — helped drive up home prices during the Pandemic Housing Boom. Here’s the proof | Fortune You need JavaScript enabled to view it.

70% of retirees wish they’d started saving for retirement earlier

Sporrer / Rupp | Image Source | Getty Images The biggest piece of advice that people in retirement would pass along to their younger selves is simple: start saving earlier for the end of your career. Roughly 70% of retirees said that changing their habits to save or invest more and earlier is the top … Read more

Demand for adjustable-rate mortgages surges, as interest rates jump

A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. According to the National Association of Realtors, sales of existing homes dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units. Sales were 8.6% lower than in May 2021. As existing-home sales declined, the median price … Read more

Half of Provo home-sellers just slashed their asking price—these 19 housing markets aren’t far behind

Half of Provo home-sellers just slashed their asking price — these 19 housing markets aren’t far behind | Fortune You need JavaScript enabled to view it.

Sales of existing homes fell in May, and more declines are expected

Sales of existing homes in May dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units, according to the National Association of Realtors. Sales were 8.6% lower than in May 2021. April’s sales were revised slightly lower as well. This is the weakest reading since June 2020, which was during the early months … Read more