Why real estate is such a key part of our economy and the health of the American consumer.
| This email is coming from an unmonitored email account. Please do not respond to this message. | | | TOP STORY | | | | The week in review | | | | - The U.S. economy grew at an annualized rate of 4.9% in the third quarter, well above the prior quarter’s rate of 2.1%, and the most since the fourth quarter of 2021, according to initial estimates by the Bureau of Economic Analysis. Growth was driven by consumer spending, which rose by 4%, as well as investments, exports and government spending.
- The tech-heavy Nasdaq entered correction territory Wednesday, defined as a 10% drop from the most recent peak, after a rocky day for tech stocks.
- Oil prices fell more than 2.9% after a slew of European economic data pointed to waning energy demand. However, fossil fuel demand is expected to peak by 2030, according to the International Energy Agency.
For more economic news, visit On the Money—SoFi’s one‑stop‑shop for news, trends, and tips! | | | | | | | | Liz looks at: home sales & mortgage rates | | | | It’s spooky season, and to prospective home buyers, U.S. housing data offers plenty to be scared about.
For one, national home prices have risen more than 43% since December 2019. And then there are interest rates, pushed up in response to rampant pandemic‑era inflation.
SoFi’s Liz Young, Head of Investment Strategy, breaks down this “Rocky Horror Housing Picture Show”, and why real estate is such a key part of our economy and the health of the American consumer. | | | |  | | | | | | | | This week’s top stories | | | | | | | | Soft saving: Gen Z does retirement | | | | Prefer to spend now rather than put money away for later? You might be soft saving.
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Read More >> | | | | No Halloween without sugar(flation) | | | | Spooky spending is expected to see record-breaking numbers, as rising candy prices might leave trick‑or‑treaters feeling terrified.
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Read More >> | | | | Here are 31 ways to save on Halloween | | | | It’s spooky season! But between decor, costumes, all that candy, and activities, it can be a pricey holiday. This is what you need to know to save money without compromising on the fun.
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