In some U.S. cities, it now takes more than twice the income to afford a median-priced home than to afford a median-priced apartment — and the gap keeps growing. Nationwide, a recent Redfin analysis finds that U.S. homebuyers must earn $116,633 to afford such a home — 82% more than the income needed to cover the cost of a median-priced rental. The figures are based on the standard assumption that housing costs shouldn't exceed 30% of gross income, a common affordability benchmark. The estimates reflect national and metro-level data for the three months ending in February 2025, comparing median home sale prices with median asking rents for newly listed apartments in buildings with five or more units. Homeownership calculations assume a 30-year fixed-rate mortgage with a 15% down payment and a 6.84% interest rate, and also factor in insurance and property taxes.
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Welcome to CNBC's home on LinkedIn! Follow us for regular updates about financial news, top CNBC.com stories, behind-the-scenes moments and more. CNBC, Inc. provides business news in the United States and Canada. It provides real-time financial market coverage and business information. The company, through its Web site, cnbc.com, provides real-time market analysis; video programming daily; industry and topic-specific blogs; cnbc.com live stream, a long-form scheduled programming of events; charts; and investing tools. The company was founded in 1989 and is headquartered in Englewood Cliffs, New Jersey. CNBC, Inc. operates as a subsidiary of NBC Universal, Inc.
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Sarah Myers loves the great outdoors. "I love the sense of history you get in the forests," says the 33-year-old, who's based in Hot Springs, South Dakota. "I love the idea that these trees have been here for generations and they'll outlive me." It's fitting, then, that Myers works as a forester in federal land management planting trees, helping young trees grow and managing commercial timber sales.
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Investors with concerns about the risks facing the economy may want to add some stable income to their portfolio in the form of dividend-paying stocks. To this end, Wall Street experts' recommendations can help pick lucrative dividend stocks that have the ability to make consistent payments despite near-term pressures. Here are three dividend-paying stocks, highlighted by Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance.
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Is a recession brewing in row 33? Airline CEOs this month warned Wall Street that passengers’ appetite for domestic trips is coming in lighter than they had hoped when they set forecasts high at the start of 2025. On a series of earnings calls, they said the reasons range from President Donald Trump’s whipsawing tariff policies to volatile markets and, most notably, economic uncertainty.
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While many investors may have gotten nervous watching the stock market plummet and bounce back amid President Donald Trump’s recent tariff announcements, some may have seen an opportunity. Paul fell into the latter camp. In early April, the 27-year-old saw news of upcoming auto tariffs and believed it would send stock prices down for major carmakers like Tesla. Paul was initially successful, earning around $4,000 trading Tesla options, he said. But then his “obsession” with making more tempted him to place an even bigger bet, and he woke up the next day to an $80,000 loss, he said.
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Singapore's ruling People Action Party expectedly returned to power in a landslide victory in the country's 14th general election.The PAP bagged 87 seats in the 97-seat parliament, while the main opposition Workers Party held on to its 10 seats in an election that saw a record-low turnout of 92.47%, according to domestic media. Voting in Singapore is compulsory for citizens above 21. Votes were cast for 92 seats, after the PAP won five seats in a walkover on Nomination Day on April 23. The ruling party also increased its vote share, garnering 65.57% of the national vote compared to the 61.2% seen in the 2020 election.
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Microsoft CEO Satya Nadella on Tuesday said that as much as 30% of the company’s code is now written by artificial intelligence. “I’d say maybe 20%, 30% of the code that is inside of our repos today and some of our projects are probably all written by software,” Nadella said during a conversation before a live audience with Meta CEO Mark Zuckerberg. The pair of CEOs were speaking at Meta’s inaugural LlamaCon AI developer event in Menlo Park, California. Nadella added that the amount of code being written by AI at Microsoft is going up steadily.