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Milestone or Millstone? Average Monthly Mortgage Payment Tops $2,000

The $2,000 Milestone: A New Era of Housing Affordability Stress For decades, a $2,000 monthly housing payment was reserved for luxury coastal markets or massive...
Business

LA ranks among most expensive U.S. cities for renters, yet buying a home is even harder

Three of the five most expensive rental markets in the U.S. are in California, including Los Angeles, but data showed that purchasing a home...
Business

Only 28% of aspiring homebuyers successfully secured a home last year

Amid rising interest rates and soaring home prices, fewer than three in ten prospective buyers succeeded in purchasing a home last year. According to a...
Business

Korean shares plunge as hopes fade for early Fed rate cut

Shares plunged nearly 2.5 percent Wednesday on dampened hopes that the U.S. Federal Reserve will start cutting its rates soon, and over uncertainties on...
Business

Bank of Korea holds rate steady at 3.5 percent

The Bank of Korea kept its policy rate unchanged Thursday for the fourth consecutive time, holding it at 3.5 percent. It was a widely expected...
Business

Won rises as Fed expected to pause rate hikes

The won slipped below the 1,300 mark on Wednesday for the first time since late March, thanks to a slowing trade deficit and expectations...
Business

[Breaking] Fed made another giant steps, raised 0.75%p

The Fed decided another interest rate hikes, by 0.75 percentage points, the sixth increase this year to combat against inflation, and signaled to continue...
Business

Bank of Korea signals a change in stance after Fed’s big hike

A board at KB Kookmin Bank in Yeouido shows the won at 1,409.7 won against the dollar on Thursday after weakening 15.50 won...
Business

[BREAKING] Another 0.75 Percentage Point Rate Hikes by Fed

Federal Reserve decided its thrid consecutive rate hikes of 0.75%p lifting the benchmark of federal funds rate to a range between 3% and 3.25%,...

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