Here is the average down payment for a home in 2022

Here is the average down payment for a home in 2022

Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We receive a commission from affiliate partners for many offers, but not all offers on Select come from affiliate partners. Buying a home is probably one of the largest purchases many Americans will make in … Read more

The S&P 500 has had its worst half in 50 years, but the 60/40 portfolio isn’t dead

How inflation and rate hikes affect the 60/40 portfolio strategy

Stock traders on the floor of the New York Stock Exchange. Spencer Platt | News from Getty Images | Getty Images The S&P 500 index, a barometer of US stocks, just had its worst first half in over 50 years. The index has fallen 20.6% over the past six months from its peak in early … Read more

Top LinkedIn newsletter on innovation in finance

Top LinkedIn newsletter on innovation in finance

Innovation in finance is one of many categories where you could thrive by changing your strategy. As the well-known quote says: “Changing times call for changed strategies.” In fact, you could apply this overarching principle to almost any category, even blindly, and maintain high confidence that your assessment will be correct. Given that there are … Read more

Future Returns: Single family offices are increasingly turning to private markets

Future Returns: Single family offices are increasingly turning to private markets

Single family offices around the world are moving deeper into private markets in response to higher inflation, rising interest rates and central banks reducing their market support, a report by UBS Global Wealth Management revealed earlier this month. Among the 221 family offices surveyed — with an average total wealth of $2.2 billion — many … Read more

‘It’s crazy’: Realtors describe chaos in New York City’s hot rental market

'It's crazy': Realtors describe chaos in New York City's hot rental market

Renting an apartment in New York City this summer? Say hello to sky-high prizes and a fight to the end. Amid the heat and occasional rain, Gotham, which has been underserved for many years, is in a mad scramble to rent affordable housing. Real estate agents describe the chaos when it comes to prices. “It’s … Read more

My Favorite Investing Lesson From Warren Buffett | business news

My Favorite Investing Lesson From Warren Buffett |  business news

If you know of any local business openings or closings, please let us know here. PRIOR OPENINGS AND CLOSINGS The Pottsville Schuylkill County Surgery Center will be closed after June 28, 2022 ยท Terrain on the Parkway offers 160 new 1, 2 and 3 bedroom apartments at 1625 Lehigh Parkway East in Allentown. Other amenities … Read more

The housing market is on the move. Sellers become anxious.

The housing market is on the move.  Sellers become anxious.

New Orleans homeowner Lisa Tourtelot says the houses in her neighborhood were taken off the market just a month ago. Now, as she prepares to put her own home up for sale, the homeowner is nervous. Mortgage rates, property taxes and home insurance are all rising, she says – developments the 36-year-old fears are shutting … Read more

How inflation and rate hikes affect the 60/40 portfolio strategy

How inflation and rate hikes affect the 60/40 portfolio strategy

How a 60/40 portfolio strategy works The strategy invests 60% in equities and 40% in bonds – a traditional portfolio that carries moderate risk. More broadly, “60/40” is an acronym for the broader theme of asset diversification. The idea is that when stocks (the growth engine of a portfolio) underperform, bonds serve as deadweight, as … Read more

I’m the COO of a mortgage company that has funded more than $100 billion in loans. Here are the 3 things you need to know about the housing market right now

I'm the COO of a mortgage company that has funded more than $100 billion in loans.  Here are the 3 things you need to know about the housing market right now

Steve Rich Mortgage rates rose to over 6% last week, according to Bankrate data, with some pros saying they could get higher. (Here are the lowest mortgage rates you might qualify for.) Additionally, home prices are up more than 20% year over year, posing affordability concerns for many aspiring homebuyers. And you are probably asking … Read more

I’m the COO of a mortgage company that has funded more than $100 billion in loans. Here are the 3 things you need to know about the housing market right now

I'm the COO of a mortgage company that has funded more than $100 billion in loans.  Here are the 3 things you need to know about the housing market right now

Steve Rich Mortgage rates rose to over 6% last week, according to Bankrate data, with some pros saying they could get higher. (Here are the lowest mortgage rates you might qualify for.) Additionally, home prices are up more than 20% year over year, posing affordability concerns for many aspiring homebuyers. And you are probably asking … Read more