Interest Rates

Commerce Minister Piyush Goyal On Tesla Entering Indian Market: 'Won't Tailor Laws'. (Photo: Bleeping Computer)Tesla seeks a tariff waiver, aiming to deduct 70% customs charge on less than $40,000 (Rs 33,07,176) vehicles and 100% on pricier ones.Commerce and Industry Minister Piyush Goyal stated that India will not modify its policies to accommodate US electric car manufacturer Tesla.Instead, its laws and tariff regulations will be designed to entice global manufacturers of all-electric vehicles to establish a base in the…

Unemployment is rising but still historically low, jobs remain plentiful in most industries, wages are up and the economy has withstood blow after blow without rolling over. So why does a sense of gloom pervade about where the economy is at and where it is headed? Blame inflation and high housing costs for the sense of malaise, said Henry Sobanet, chief financial officer and senior vice chancellor for administration and government relations at the Colorado State University Systems, at the 2024 Economic Forecast hosted by…

Sellers in metro Denver rose from their slumber last month, putting more new listings on the market and setting the stage for a larger number of home closings this month and next, according to a monthly update from the Denver Metro Association of Realtors. New listings, which have been restrained since interest rates started rising from historic lows in 2022, jumped 90% between December and January to 3,280 and are up 14.7% from a year ago. Big jumps in listings between December and January, however, are common, and back…

Colorado homebuyers couldn’t catch a break last year, having to juggle mortgage rates approaching 8% by early fall and home prices that remained stubbornly high despite reduced affordability. Home and condo sales dropped nearly 20% last year and sales times stretched out by an additional week to 62 days on average, according to 2023 counts from the Colorado Association of Realtors. But higher rates didn’t cause prices to fall in a meaningful way or boost the inventory of listing, leaving buyers in a tough spot. Looking at…

U.S. President Joe Biden speaks during a Rose Garden event at the White House to mark National Small Business Week on May 1, 2023 in Washington, DC.Alex Wong | Getty ImagesSmall business owners are more optimistic to start the year, even as they face persistent inflation and lending concerns, a new poll released Thursday found.Seventy-five percent of small business owners are optimistic about their financial trajectory in 2024, up from 68% a year earlier, according to a survey by Goldman Sachs 10,000 Small Business…

What to expect from the economy in 2024 Interest rate cuts? Financial expert on what to expect in 2024 05:24 The stock market rallied to record highs on Friday, with Wall Street…

Since November, Joe and Sarah Webber have searched for a larger home to replace the small bungalow they own near the University of Denver in the Corey-Merrill neighborhood. They want to stay in that part of Denver, with its spacious parks, but doing so will cost them at least $1 million for a basic home large enough to accommodate future kids. They are realizing that $1 million, even $1.2 million, doesn’t buy what it used to, much less what they hoped it could. “We are feeling like prices are high, which we knew. But it…

Buoyed by major projects in late 2023, metro Denver’s industrial real estate market is starting the new year strong and no longer has one of the highest vacancy rates in the country. The fourth quarter of 2023 was the Denver area’s second-largest in terms of new buildings delivered in the industrial sector at 3.2 million square feet, the Denver office of JLL, a global real estate firm, reported. The record was 3.6 million square feet in 2022. The fourth quarter was also great for the leasing of space that had been sitting…

Conditions are looking up for tenants in metro Denver and Boulder as more new apartments keep rolling into the market, keeping rents in check and providing more options for those looking for housing, according to a quarterly update from the Apartment Association of Metro Denver. The average rent for an apartment in the seven-county metro area, including Boulder, was $1,870 in the fourth quarter, which is down from $1,888 in the third quarter and not much above the average of $1,838 a year earlier. Two years ago, the…

A sharp drop in mortgage interest rates in December may have kickstarted this year's spring housing market early. Rates are about a full percentage point lower than they were in October, and consumers expect they will fall even more.Optimism about mortgage rates increased sharply in December, according to a monthly consumer survey by Fannie Mae. For the first time since the survey was launched in 2010, more homeowners on net believe rates will go down rather than up, according to Mark Palim, deputy chief economist at…