Young Americans Expect To Buy A Home Later In Life (Or Not At All)

Israel bombed facilities at the South Pars natural gas field in Iran. The world’s largest natural gas field is under the Persian Gulf and is split between Iran and Qatar. On Wednesday, strikes hit facilities in Iran’s Bushehr province tied to the gas field. Following the attack, Israeli officials told Axios that the operation was […]

Exxon Wins Big As Supreme Court Revives Cuba Seizure Case The Supreme Court ruled Tuesday that Exxon Mobil can move forward with its lawsuit against Cuban state-owned oil companies over assets seized after Fidel Castro came to power, reopening a dispute tied to Cuba’s 1960 nationalizations, according to CNN. The 6-3 decision comes as President Donald Trump has taken a more aggressive stance toward Havana. Justice Brett Kavanaugh wrote for the majority, with the Court’s liberal justices dissenting. CNN writes that the ruling is part of a broader wave of legal and political...

The Frozen Market For Homes Authored by Jeffrey Tucker via The Epoch Times, Mortgage rates on a 30-year loan just hit 7 percent, intensifying problems on the demand side. Mortgages plus insurance—which turns a half-million dollar house into a $1.2 million house plus property taxes—became unaffordable for another class of buyers while already out of reach for most people. On the supply side, millions of existing homeowners are locked into COVID-era mortgages of 3 percent or lower, which makes them negative in real terms. That’s a great deal unless you sell and...