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USA Property

Real estate is red hot in Upstate NY: Homes are selling faster than in much of US

Multiple Upstate New York counties were among the fastest places to sell a home nationwide in February, according to new data.Three counties in the region were in the top 50 in the U.S. for median number of days on market for single-family homes, according to figures from Redfin, a national real estate brokerage. The data includes 697 counties with at least 50 home sales for February, which was the most recent month available.Monroe County (Rochester) was No. 1 in New York and tied for fourth in the nation with a...
Stock Market

Investment advisors urge caution in face of Trump tariffs

Investors fear that the tariffs will cause inflation to accelerate and economic growth to slow.Financial advisors urge caution, noting that many of the effects are yet to be seen.“Right now, there are so many questions,” Catherine Valega, a wealth manager at Burlington-based Green Bee Advisory. “We’re talking about US exceptionalism — is that over? Maybe.“One analyst worries about a more dire outcome.“The only positive is you have to believe this will not stay in its current form,” said Dan Ives, a research analyst at Wedbush Securities, based in Los Angeles....
Stock Market

Banks offer short-term gains, minimal risk

The latest: The top rates on online bank accounts, money market mutual funds, and short-term Treasuries have slipped from last fall’s peak above 5 percent.But thanks to a cautious Federal Reserve and a murky economic outlook, they’re still hanging in at 4 to 4.5 percent, much better than the pitiful yields that prevailed for years before inflation forced the Federal Reserve to jack up borrowing costs in 2022.After slicing rates by a full point last year, the Fed has hit pause. Fed chair Jerome Powell said last week that policy...