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What investors should know about Ethereum (ETH) 

[ad_1] Hi, what can you tell me about Ethereum’s cryptocurrency? As well as a company called Forsage.—Bruce Let’s start with the second part of your question, Bruce. To be honest, this is the first time I have read about Forsage. It’s calling itself a “decentralized networking platform.” It seems interesting, so thank you for bringing this to my attention. Now, to your first question. As you may already know, Ethereum’s ETH is the second-largest cryptocurrency in the world, after bitcoin (BTC). What is unique about ETH, and why would investors consider buying it instead of BTC? Well, if the Bitcoin platform is all about peer-to-peer digital gold, Ethereum will be the decentralized internet of the future. It is a programmable blockchain—a distributed digital ledger—that allows developers to create and host decentralized applications (dApps) that run on code (a.k.a. smart contracts). So, let’s unpack this for a second. While bitcoin’s main utility is as a payment coin or as a store of value, its usability is purposefully kept very limited. Ethereum, on the other hand, has a programmable blockchain where anyone can run their smart contracts.  The contracts are executed by a decentralized network of miners/validators. When called upon, these miners use their own resources (hardware, time and electricity) to execute the contracts. In return, they earn a reward—called “gas fees”—for their services. Essentially, Ethereum is a decentralized global supercomputer that rents out its resources to execute smart contracts. Canadians can buy and sell crypto on CoinSmart* Go to Site Decentralized applications on Ethereum What exactly are these decentralized applications? You may be familiar with DeFi (decentralized finance) and NFTs (non-fungible tokens), which have both made headlines in recent years for disrupting traditional methods of banking and certifying authenticity, respectively. DeFi and NFTs are both examples of dApps, and they’re just the beginning of what may be achieved with Ethereum. With further upgrades, we can possibly run a decentralized World of Warcraft or a decentralized social media platform, for example. However, we are still a long way off from that. Nowadays, you will probably see Ethereum on various news media platforms due to its upcoming Merge event. I’ll give you a quick overview of that. Any decentralized network needs to follow a formal set of methods to make any decision within the ecosystem. This formal process is called a “consensus mechanism.” Currently, Ethereum follows proof-of-work (PoW), the same mining mechanism as Bitcoin. PoW is very secure. However, it is very wasteful resource-wise. The Merge will evolve Ethereum from PoW to PoS (proof-of-stake), a virtual mining process that doesn’t use any real-world resources. As a result, it is cleaner and exponentially more environmentally friendly. The Merge has been delayed several times, but it’s expected to happen before the end of 2022—so stay tuned for more Ethereum news! Jeremy Koven is the Chief Operating Officer and a co-founder of CoinSmart, a Canadian cryptocurrency trading platform. Sign up for an account* with the code money30 and receive CAD$30 in bitcoin when you deposit a minimum of CAD$100.  Have a question? Ask a crypto expert SEND EMAIL Read more about crypto: What’s the best type of crypto wallet? How to buy Avalanche (AVAX) in Canada How to buy Solana (SOL) in Canada What is DeFi? And how can Canadians invest in it? What does the * mean? If a link has an asterisk (*) at the end of it, that means it’s an affiliate link and can sometimes result in a payment to MoneySense (owned by Ratehub Inc.) which helps our website stay free to our users. It’s important to note that our editorial content will never be impacted by these links. We are committed to looking at all available products in the market, and where a product ranks in our article or whether or not it’s included in the first place is never driven by compensation. For more details read our MoneySense Monetization policy. The post What investors should know about Ethereum (ETH)  appeared first on MoneySense. [ad_2] Source link

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How to Invest in Digital Real Estate: Develop your brand

[ad_1] If you have been wondering what it means to invest in digital real estate, you’ll have to start thinking in terms of our virtual world. In the rapidly evolving world of cyberspace, digital real estate is akin to a virtual parcel of land. Investing in digital real estate allows you to own a piece of cyberspace — a digital asset — that can be made available for sale, and to use that piece of real estate in any number of ways. However, the types of digital real estate that are out there are a lot broader than you might think. For example, the website you’re reading right now is a piece of digital real estate that I have grown and nurtured for more than a decade of my life! The ways you can make money with digital real estate are also nearly limitless, as I’ll explain in more detail below. If you’re ready to find new ways to invest virtually for the future, read on to learn how digital real estate investing works and how to get started. #ap31993-ww{padding-top:20px;position:relative;text-align:center;font-size:12px;font-family:Archivo, sans-serif}#ap31993-ww #ap31993-ww-indicator{text-align:right;color:#4a4a4a}#ap31993-ww #ap31993-ww-indicator-wrapper{display:inline-flex;align-items:center;justify-content:flex-end;margin-bottom:8px}#ap31993-ww #ap31993-ww-indicator-wrapper:hover #ap31993-ww-text{display:block}#ap31993-ww #ap31993-ww-indicator-wrapper:hover #ap31993-ww-label{display:none}#ap31993-ww #ap31993-ww-text{margin:auto 3px auto auto}#ap31993-ww #ap31993-ww-label{margin-left:4px;margin-right:3px}#ap31993-ww #ap31993-ww-icon{margin:auto;display:inline-block;width:16px;height:16px;min-width:16px;min-height:16px;cursor:pointer}#ap31993-ww #ap31993-ww-icon img{vertical-align:middle;width:16px;height:16px;min-width:16px;min-height:16px}#ap31993-ww #ap31993-ww-text-bottom{margin:5px}#ap31993-ww #ap31993-ww-text{display:none}#ap31993-ww #ap31993-ww-icon img{text-indent:-9999px;color:transparent} Ads by Money. We may be compensated if you click this ad.Ad #ap31993-w-map{max-width:600px;padding:20px 0 10px;margin:0 auto;text-align:center;font-family:”Lato”, Arial, Roboto, sans-serif}#ap31993-w-map #ap31993-w-map-title{color:#212529;font-size:18px;font-weight:700;line-height:27px}#ap31993-w-map #ap31993-w-map-subtitle{color:#9b9b9b;font-size:16px;font-style:italic;line-height:24px}#ap31993-w-map #ap31993-w-disclosure{margin-top:10px;font-size:12px;color:#9b9b9b}#ap31993-w-map #ap31993-w-map-map{max-width:98%;width:100%;height:0;padding-bottom:65%;margin-bottom:20px;position:relative}#ap31993-w-map #ap31993-w-map-map svg{position:absolute;left:0;top:0}#ap31993-w-map #ap31993-w-map-map svg path{fill:#e3efff;stroke:#9b9b9b;pointer-events:all;transition:fill 0.6s ease-in, stroke 0.6s ease-in, stroke-width 0.6s ease-in}#ap31993-w-map #ap31993-w-map-map svg path:hover{stroke:#1261C9;stroke-width:2px;stroke-linejoin:round;fill:#1261C9;cursor:pointer}#ap31993-w-map #ap31993-w-map-map svg g rect{fill:#e3efff;stroke:#9b9b9b;pointer-events:all;transition:fill 0.6s ease-in, stroke 0.6s ease-in, stroke-width 0.6s ease-in}#ap31993-w-map #ap31993-w-map-map svg g text{fill:#000;text-anchor:middle;font:10px Arial;transition:fill 0.6s ease-in}#ap31993-w-map #ap31993-w-map-map svg g .ap00646-w-map-state{display:none}#ap31993-w-map #ap31993-w-map-map svg g .ap00646-w-map-state rect{stroke:#1261C9;stroke-width:2px;stroke-linejoin:round;fill:#1261C9}#ap31993-w-map #ap31993-w-map-map svg g .ap00646-w-map-state text{fill:#fff;font:19px Arial;font-weight:bold}#ap31993-w-map #ap31993-w-map-map svg g:hover{cursor:pointer}#ap31993-w-map #ap31993-w-map-map svg g:hover rect{stroke:#1261C9;stroke-width:2px;stroke-linejoin:round;fill:#1261C9}#ap31993-w-map #ap31993-w-map-map svg g:hover text{fill:#fff}#ap31993-w-map #ap31993-w-map-map svg g:hover .ap00646-w-map-state{display:initial}#ap31993-w-map #ap31993-w-map-btn{padding:9px 41px;display:inline-block;color:#fff;font-size:16px;line-height:1.25;text-decoration:none;background-color:#1261c9;border-radius:2px}#ap31993-w-map #ap31993-w-map-btn:hover{color:#fff;background-color:#508fc9} Thinking about starting a blog? Then building a great website is a MUST. With a web hosting service you can get everything you need for your blog, from your own domain to state-of-the-art website building tools and 24/7 customer support. Click your state to get started! HawaiiAlaskaFloridaSouth CarolinaGeorgiaAlabamaNorth CarolinaTennesseeRIRhode IslandCTConnecticutMAMassachusettsMaineNHNew HampshireVTVermontNew YorkNJNew JerseyDEDelawareMDMarylandWest VirginiaOhioMichiganArizonaNevadaUtahColoradoNew MexicoSouth DakotaIowaIndianaIllinoisMinnesotaWisconsinMissouriLouisianaVirginiaDCWashington DCIdahoCaliforniaNorth DakotaWashingtonOregonMontanaWyomingNebraskaKansasOklahomaPennsylvaniaKentuckyMississippiArkansasTexas Build My Site Digital Real Estate vs. Online Real Estate Investing Before we dive into all the different ways you can invest in digital real estate, I want to take a moment to explain how digital real estate is different from other types of hands-off real estate investing. For example, I frequently talk about real estate crowdfunding platforms, as well as investing in Real Estate Investment Trusts (REITs). Fundrise in particular lets investors buy into eREITs, which is a trademarked term. This investment allows individuals to buy a “piece” or a slice of a real estate fund that bases its returns on profits derived from real estate investments over time. This type of real estate investing is similar to buying fractional shares of a stock, or buying an index fund that includes a basket of stocks that meet specific criteria. More importantly, platforms like Fundrise actually let you invest in physical property instead of digital property. In fact, Fundrise investments typically include planned communities, high-rise apartment buildings, and commercial real estate.  Examples of Digital Real Estate With all that being said, pretty much any type of digital asset you can buy or sell can be counted as digital real estate. In fact, the types of digital real estate you can find today extend far beyond simple websites like the one you’re visiting right now. Some of the most common examples of digital real estate include: Affiliate websites that earn passive income  Assets and land sold in the metaverse Authority blogs that focus on a specific niche eCommerce stores that sell physical products Digital products like courses and printables Domain names that are bought and sold on websites like Flippa Email lists that are built and sold to others Membership groups that require a monthly or annual fee Mobile apps that are built for a specific purpose YouTube channels that are ultimately monetized Social media channels that are grown and monetized The examples below highlight some of the types of digital real estate people can use to earn both active and passive income. #1: Authority Blog: GoodFinancialCents.com Welcome to one of my digital real estate investments, my website GoodFinancialCents.com. As a financial advisor, I use my authority blog to teach people about personal finance and the tools they can use to build long-term wealth. While it wasn’t always the case, this piece of digital real estate is fully monetized and highly profitable. Not only do I earn passive income from GoodFinancialCents.com, but I could sell this virtual parcel of land for a profit if I wanted to. #ap8742-ww{padding-top:20px;position:relative;text-align:center;font-size:12px;font-family:Archivo, sans-serif}#ap8742-ww #ap8742-ww-indicator{text-align:right;color:#4a4a4a}#ap8742-ww #ap8742-ww-indicator-wrapper{display:inline-flex;align-items:center;justify-content:flex-end;margin-bottom:8px}#ap8742-ww #ap8742-ww-indicator-wrapper:hover #ap8742-ww-text{display:block}#ap8742-ww #ap8742-ww-indicator-wrapper:hover #ap8742-ww-label{display:none}#ap8742-ww #ap8742-ww-text{margin:auto 3px auto auto}#ap8742-ww #ap8742-ww-label{margin-left:4px;margin-right:3px}#ap8742-ww #ap8742-ww-icon{margin:auto;display:inline-block;width:16px;height:16px;min-width:16px;min-height:16px;cursor:pointer}#ap8742-ww #ap8742-ww-icon img{vertical-align:middle;width:16px;height:16px;min-width:16px;min-height:16px}#ap8742-ww #ap8742-ww-text-bottom{margin:5px}#ap8742-ww #ap8742-ww-text{display:none}#ap8742-ww #ap8742-ww-icon img{text-indent:-9999px;color:transparent} Ads by Money. We may be compensated if you click this ad.Ad #ap8742-w-text{padding:20px 0 10px;margin:0 auto;text-align:center;font-family:”Lato”, Arial, Roboto, sans-serif}#ap8742-w-text #ap8742-w-text-title{color:#212529;font-size:20px;font-weight:700;line-height:30px}#ap8742-w-text #ap8742-w-text-subtitle{color:#9b9b9b;font-size:16px;font-style:italic;line-height:24px}#ap8742-w-text #ap8742-w-disclosure{color:#9b9b9b;margin-top:10px;font-size:12px}#ap8742-w-text #ap8742-w-text-btn{margin-top:25px;padding:9px 13px;display:inline-block;color:#fff;font-size:16px;line-height:20px;text-decoration:none;background-color:#1261c9;border-radius:2px}#ap8742-w-text #ap8742-w-text-btn:hover{color:#fff;background-color:#508fc9} Building a great website doesn't have to be expensive or complicated Web Hosting Services, like Bluehost, make building your own website a breeze, with great tools and around-the-clock expert advice, you'll site will be running in no time! Build My Site #2: YouTube Channel: Wealth Hacker My YouTube channel is another piece of digital real estate I own and leverage to build wealth. Wealth Hacker covers many of the same topics as my website, yet it makes sense to offer video in addition to written content. Most of the videos on my YouTube channel focus on teaching others how to make more money, but I also talk about things like how to find a mentor, the best investment platforms, and money mistakes I have made in the past. #3: Podcast: The Good Financial Cents Show Another piece of digital real estate I own comes in the form of a podcast. I use this podcast to reach even more people who might be inclined to listen to recorded content while they exercise or commute to work. #4: Online Store: Bumblebee Linens

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*HOT* Adidas Kid’s Sneakers as low as $18.90 shipped!

[ad_1] If your kids need back to school sneakers, don’t miss this deal on Adidas shoes! Adidas is having a big Shoe Sale right now! And if you use the promo code SCOREBIG at checkout, you can get an extra 30% off these prices. Plus, shipping is free when you join the Adidas Creators Club (free to join)! As a deal idea, you can score Kid’s Sneakers for as low as $18.90 shipped after the promo code! This is a great time to grab shoes for the school year. There are lots of styles and colors available but hurry – sizes are selling out quickly. Valid through July 14, 2022. [ad_2] Source link

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How can a home loan calculator make it simple to plan for a home loan?

[ad_1] Buying a house involves a huge amount of money. So, very few people have the capacity to buy one outright using their own funds, while the majority of people need to take out a home loan to buy their dream home. As a home loan provides capital to buy a long-term asset, helps in saving rents by moving to own house and also provides tax benefits on interest payment and principal repayment, people intending to buy their own house prefer to avail the loan. “Buying a home is one of the top financial goals for many of us. However, because of the high cost of real estate, it becomes challenging for people to purchase a home out of their own pocket. Therefore, a home loan is a practical choice for many people to buy their ideal home. However, taking out a home loan necessitates a sizable shift in the spending strategy to pay the EMI. As a result, the home loan should be affordable and appropriate for you. This is where a home loan EMI calculator comes into the picture to help you figure out how much EMI you’d have to pay each month to repay your loan in a specific amount of time,” said Pramod Kathuria, Founder & CEO, Easiloan. Real Estate Investment: Residential Vs Commercial – which will fetch you more rent? Talking about what a home loan EMI calculator does, Kathuria said, “The Home Loan EMI Calculator is an online tool that helps you to calculate your monthly home loan EMI. The user-friendly design of the online calculator tools enables you to quickly toggle between your selected interest rate, loan amount, and loan tenure, providing you with various repayment options based on your preference.” Kathuria explains how calculating home loan EMI can make financial planning easy for you: It helps you choose the right lender and the right loan amount With several lenders offering easy home loans, it becomes challenging to choose the right one. In this case, you can use the EMI calculator to analyse the total cost of various loans and decide which offers the best value for your money. Additionally, it is wise to avail a loan amount that you can comfortably repay without putting further strain on your finances. Hence, you can use the home loan EMI calculator to get a better idea of how much home loan amount you can afford. This will make repayment easier and reduce the likelihood of default. It helps you choose the suitable tenure The tenure of the loan is crucial in determining the monthly instalment amount. Your house loan EMI will be less if you have a longer tenure, whereas a shorter term would result in a larger EMI. Therefore, select a loan term that makes your EMIs manageable based on your income and spending. You can find a suitable tenure with the EMI calculator. It simplifies planning for prepayment of the loan Having an idea about the expected EMI makes planning for the home loan prepayment smooth. This can lower your interest payment and hasten the repayment of your debt. For example, if you are aware of your EMI, you may easily arrange part-prepayments and plan the timing of your investments. Borrowing mistakes that may leave you bankrupt It’s easy to use There are no difficult calculations involved in using a home loan calculator. All you have to do is enter the principal amount, interest rate, and loan term, and in a matter of seconds, accurate computation of your EMI will appear on your computer screen. “The home loan calculator is one of the most valuable tools, which makes the process of availing and repaying a home loan simple and convenient. So, calculate your home loan EMI and get a home loan today to buy the house of your dreams. However, do your homework on the lender before applying for a home loan to avoid any inconveniences later,” said Kathuria. [ad_2] Source link

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United Wholesale Mortgage mourns death of 55-year-old CFO Timothy Forrester

[ad_1] Timothy J. Forrester, chief financial officer at wholesale lender United Wholesale Mortgage (UWM), died Sunday, following a cancer diagnosis and monthslong illness. He was 55. Forrester, of Bloomfield Hills, Michigan, died “following a valiant battle against cancer,” according to an online obituary by the A.J. Desmond & Sons Funeral Home. “He died surrounded by the love of family and friends across the world.” Timothy Forrester Forrester, who served as UWM’s CFO for 10 years, oversaw all financial aspects of the organization, from financial reporting to liquidity management, according to the company’s website. The executive had more than 30 years of experience including client service, auditing, accounting, financial reporting and hedging. “Tim was an amazing CFO, leader and friend to so many,” UWM CEO Mat Ishbia wrote in a Tuesday LinkedIn post. “He made me a better CEO and helped build this company with me for the last 10 years. Tim made such a positive impact on everyone he met, and I was proud to call him a friend. He will be greatly missed.” A UWM spokeswoman provided a company statement when asked for additional details of Forrester’s achievements. “Tim was a friend to everyone, and he was always willing to share his knowledge and insight to make UWM and our team members better,” the spokeswoman wrote in a Wednesday morning email. “Over his 10 years at UWM, he made us laugh, he educated us and he helped to cultivate a one-of-a-kind work family.” Before joining UWM in 2012, Forrester was a partner in the capital markets group at Deloitte & Touche for more than 18 years.  He also was a longtime member of the Mortgage Bankers Association (MBA), serving on its finance committee, according to UWM. He was elected as a member of the MBA’s Commercial Mortgage Board of Governors, serving as the lone “Big 4” representative. In 2021, Forrester was named as one of HousingWire’s finance leaders. Forrester was well-liked by his colleagues, who described him as positive and optimistic, with a tremendous sense of humor.  “When he told the team about his diagnosis, we were devastated for him; but he remained poised with confidence and positivity,” Darin Sitto, director of accounting policy at UWM, wrote in a comment under Isbia’s LinkedIn post.  “He stood up in the middle of our huddle and was certain he was going to fight like hell to beat it. That moment will live in my mind forever,” said Sitto, who joined the team just 1.5 years ago.  Brinda Jaikumar, a director of financial compliance at UWM, said Forrester was one of the “sharpest and wittiest people,” yet showed “so much humility, kindness and compassion in such an effortless way.”  She added: “He was a remarkable man and he showed what positivity and strength is through the most difficult fight of his life over the last many months.” A memorial for Forrester will be held at 5:30 p.m. July 21 at A.J. Desmond & Sons Funeral Home, 32515 Woodward Ave. in Royal Oak, Michigan.  Andrew Hubacker, senior vice president and chief accounting officer, will serve as the interim principal financial officer, according to the firm’s 8-K current report filing. The post United Wholesale Mortgage mourns death of 55-year-old CFO Timothy Forrester appeared first on HousingWire. [ad_2] Source link

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Elmer’s Scented Glue Sticks, 24-Pack for just $8.53 shipped! {Prime Day Deal}

[ad_1] Stock up on glue sticks for back to school with this hot Prime Day Deal! Prime members can get this 24-Pack of Elmer’s Scented Glue Sticks for just $8.53 shipped right now! This is a HOT price and probably won’t last long. Not a Prime member? Sign up for a free trial of Amazon Prime to take advantage of this Prime Day Deal and get free 2-day shipping! See all the Prime Day 2022 deals here. [ad_2] Source link

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U.S. annual consumer inflation posts largest increase since 1981 – Reuters

[ad_1] U.S. annual consumer inflation posts largest increase since 1981  Reuters Inflation surges 9.1% in June, accelerating more than expected to new 40-year high  Fox Business Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify  CNBC US inflation surge signals tough times ahead  Financial Times Hot U.S. June inflation turns up pressure on the Fed  Reuters View Full Coverage on Google News [ad_2]

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Euro falls below dollar parity for first time since 2002

[ad_1] The euro dropped below parity against the dollar on Wednesday for the first time in almost two decades, as a hawkish U.S. Federal Reserve and growing concern about rising recession risks in the euro area continued to batter the currency. The latest slide came after another hot set of U.S. inflation data. Europe’s single currency started this year on a strong note given a post-pandemic economic recovery. But Russia’s invasion of Ukraine, surging European gas prices and fears that Moscow could cut off supplies further has raised the spectre of recession and hurt the euro. Heightened global uncertainty and an aggressive Fed monetary policy stance meanwhile have benefited the safe-haven dollar. The euro tanked as much as 0.4% to a low of $0.9998 at 1245 GMT, its lowest level since December 2002. It was last down 0.1% on the day at $1.005 and has lost more than 10% so far this year. “Gas rationing, stagflation, an expected recession, they are all good reasons to be bearish on the euro,” said Stuart Cole, head macro economist at Equiti Capital in London before the euro crossed that threshold. He add that these factors will make it harder for the European Central Bank to hike interest rates, further widening the interest-rate differential with the United States. Since becoming available freely in 1999, the single currency has spent very little time below parity. In fact, the last time it did so was between 1999 and 2002, when it sank to a record low of $0.82 in October 2000. Within its relatively short two-decade history, the euro is the second most sought after currency in global foreign exchange reserves and daily turnover in the euro/dollar is the highest among currencies in the global $6.6 trillion-per-day market. The euro’s slide is a headache for the ECB. Allowing the currency to fall only fuels the record-high inflation the ECB is battling to contain. But trying to shore it up with higher interest rates could exacerbate recession risks. The ECB has so far played down the issue, arguing that it has no exchange rate target, even if the currency does matter. Also on a trade-weighted basis — against its trade partners’ currencies — the euro is down only 3.6% this year. [ad_2] Source link

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Opinion: Will lower lumber prices offset rising rates?

[ad_1] High lumber prices are often blamed for high home prices. I recently saw a $60k home price reduction offered by a builder because “lumber prices have fallen…we are passing that savings to you.” That just doesn’t add up. In a blog post from January 4, the National Association of Home Builders said that the 167% rise from last summer’s low lumber prices to over $1,000 per thousand board feet (mbf) added only about $18,600 to the cost of a home. Nevertheless, can today’s falling lumber prices possibly bring back demand for housing? Lumber math If the lumber price was around $400/mbf last summer, then a 167% increase is equivalent to $1,070 in January. That’s a reasonable range for this analysis. That means a $670/mbf move in lumber prices is equivalent to $18,600 in additional cost. Therefore, every $1/mbf of lumber pricing costs the homebuyer about $28 in lumber ($18,600 / $670). Keeping the figures simple, here is some math tied to the NAHB blog: If lumber in 2019 was $400/mbf, lumber cost was $11,200 per home If lumber in 2020 was $1070/mbf, lumber cost was $29,800 per home If lumber in 2022 is $400/mbf, lumber cost is back to $11,200 per home Over the same time period, here is what happened to 30-year mortgage interest rates: 4% in 2019 3% in 2021 6% in 2022 What is the impact of lumber relative to interest rates? In January 2020, Carmel Ford of the NAHB Economics and Housing Policy Group published a special study titled Cost of Constructing a Home. The home was 2,594 square feet for a total sale price of $485,000. This may not be the same home upon which NAHB based its Jan. 4 blog about lumber price increases, but it’s close enough for this purpose. Using a 30-year mortgage amortization assuming 80% loan to value financing on a $485,000 home and this calculator at Bankrate.com, here is a table showing the impact of lumber pricing and interest rate on a monthly house payment: From 2019 to 2021, increasing lumber prices added $63 to the 2021 mortgage payment and a 1% drop in interest rates saved $216 for a net savings of $153. From 2019 to 2022, interest rates added $474. In other words, a 1% move in interest rates has more than three times the impact of a 167% increase in lumber. Lumber price is always a follower, never a leader Lumber prices were driven higher by high demand and low availability of lumber. That’s the same factor that drove home prices higher — high demand relative to availability. What drove high demand for homes? Record low interest rates. Homebuilders were able to pass all rising costs on to homebuyers due to record low buyer borrowing costs. As borrowing power of the buyer decreases, home demand decreases, lumber demand decreases relative to supply, and lumber prices drop. Lumber never leads, it always follows. The NAHB and media can vilify commodity lumber markets for high prices during the unprecedented supply chain disruptions in 2020 and 2021, but falling lumber prices cannot overcome rising interest rates to bring back demand for housing. Matt Meyers is the founder and CEO of Yesler Marketplace. This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners. To contact the author of this story:Matt Meyers at meyers@goyesler.com To contact the editor responsible for this story:Sarah Wheeler at sarah@hwmedia.com The post Opinion: Will lower lumber prices offset rising rates? appeared first on HousingWire. [ad_2] Source link

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*HOT* Furbo Dog Camera for just $118 shipped! {Prime Day Deal}

[ad_1] Don’t miss this HOT discount on a Furbo Dog Camera! Amazon has this Furbo Dog Camera for just $118 shipped right now — a huge price drop and the LOWEST price ever on record! Not a Prime member? Sign up for a free trial of Amazon Prime to take advantage of this Prime Day Deal and get free 2-day shipping! See all the Prime Day 2022 deals here. [ad_2] Source link

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prediction market

prediction market

binance prediction

indodax prediction

bybit prediction

bitget prediction

okx prediction

tokocrypto prediction

metamask prediction

pintu prediction

kraken prediction

xe prediction

kucoin prediction

bitmart prediction

lbank prediction

coinex prediction

bingx prediction

bitcompare prediction

huobi prediction

xt prediction

luno prediction

bitfinex prediction

bitrue prediction

upbit prediction

zipmex prediction

bitpanda prediction

safepal prediction

bitstamp prediction

bittrex prediction

prediction market

prediction market

prediction market

polynion

polynion

polynion

polynion

polynion

polynion

polynion

prediction market

prediction market

prediction market

prediction market

prediction market

prediction market

prediction market

Usdt

token Ethereum

solana token

bscscan token

prediction market

prediction market

opinion market