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Stock Market

Is Juneteenth a federal holiday? What’s open and closed this week?

What is Juneteenth, America's newest federal holiday?Juneteenth marks the emancipation of enslaved Black Americans. It became a federal holiday in 2021.Juneteenth honors the end to slavery in the United States and became a federal holiday in 2021. Here's what to know about the holiday and what businesses will be open and closed on that day.June 19, 1865 is known as Emancipation Day or Freedom Day when slaves in Galveston Texas learned of their freedom following the President Abraham Lincoln's Emancipation Proclamation and the end of the Civil War.Juneteenth celebrations and...
UK Property

Surprising state where international buyers are scooping up property despite a looming crash

A handful of cities in Texas are grabbing the attention of international buyers, who are coming mainly from India, China, and Mexico to find low prices amid a possible housing crash. Houston, Austin, and San Antonio all made the list of destinations where homebuyers from around the world are purchasing investment properties, second homes for their kids, or a home they will retire in.Houston was the number 5 most searched US city by non-US consumers throughout the month of April, according to a new report from Realtor.com.International demand also grew noticeably in...
USA Property

US homes are selling at their slowest pace in 6 years

A chill has fallen over the US housing market. The typical American home is selling at its slowest pace in six years, according to a new Redfin report. Competition between buyers declined as the supply of homes hit a five-year high. The fresh data, first reported by Mansion Global, reveals that the post-2020 heyday of multiple offers, bidding wars and hair-trigger buyers is well and truly over. Homes haven’t spent this long on the market since 2019. moodboard – stock.adobe.com Inventory has been piling up this year amid uncertainty and...
USA Property

Texas plans to spend $51 billion on property tax cuts

Joshua Fechter and Jasper Scherer, The Texas Tribune  |  Wichita Falls Times Record NewsProperty tax cuts aren’t free. In fact, they’re costing Texas a fortune.The Texas House is considering a budget that would shell out $51 billion — 15% of the state's total two-year spending plan — to maintain and provide new property tax cuts. That number, more than the state allocates to transportation or higher education, is making even some Republicans nervous about the state’s ability to afford the tax relief if there’s an economic downturn.If it were its...
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