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Also, the cities where home equity increased the most in the last five years. ͏
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Also, the cities where home equity increased the most in the last five years.
Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  [The Charlotte Observer](~/AAQRxQA~/RgRoTeUaP0QiaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL1cDc3BjQgpmYRpga2bj-SMDUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Í
Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ June 13, 2024 ⢠Issue #89 [The Money Section] This week, weâre looking at why some analysts are saying there will be no interest rate cut in 2024, the cities where your home is most likely to increase in value, Bill Gates endorsing a new kind of nuclear reactor in Wyoming, and Elon Muskâs beef with Apple and OpenAI. When will the Fed cut interest rates? [Fed](~/AAQRxQA~/RgRoTeUaP0SNaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS93aGVuLXdpbGwtZmVkLWN1dC1pbnRlcmVzdC1yYXRlcy8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTg5VwNzcGNCCmZhGmBrZuP5IwNSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) Money; Getty Images The Federal Reserve is likely to wait before cutting interest rates because inflation remains high and the job market is strong. Many analysts predicted multiple rate cuts in 2024, but strong job data has led some to believe there wonât be any this year. [Read more.](~/AAQRxQA~/RgRoTeUaP0SNaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS93aGVuLXdpbGwtZmVkLWN1dC1pbnRlcmVzdC1yYXRlcy8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTg5VwNzcGNCCmZhGmBrZuP5IwNSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) ð [Dow drops more than 200 points as Fed policy meeting kicks off.](~/AAQRxQA~/RgRoTeUaP0REaHR0cHM6Ly93d3cuY25iYy5jb20vMjAyNC8wNi8xMC9zdG9jay1tYXJrZXQtdG9kYXktbGl2ZS11cGRhdGVzLmh0bWxXA3NwY0IKZmEaYGtm4_kjA1IbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) The stock market dipped as the Federal Reserve began its policy meeting. Investors worry the Fed wonât cut interest rates this year despite a slowing economy. The Dow Jones Industrial Average fell over 200 points, with most S&P 500 companies also trading lower. â½ [U.S. gas prices are falling, bringing some relief to drivers.](~/AAQRxQA~/RgRoTeUaP0RZaHR0cHM6Ly9hcG5ld3MuY29tL2FydGljbGUvZ2FzLXByaWNlcy1mYWxsLXN1bW1lci10cmF2ZWwtNjJlNmMwYTMyMTg5MjM1MDgzMGIwZmUzMDE0OTQ0NTlXA3NwY0IKZmEaYGtm4_kjA1IbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Gas prices are falling across the U.S., down 9 cents from last week. This is due to a combination of factors, including lower demand, strong supply, and relatively stable oil prices. Itâs a bad time to buy a house, according to basically everyone [House](~/AAQRxQA~/RgRoTeUaP0SHaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L2JhZC10aW1lLXRvLWJ1eS1ob3VzZS8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTg5VwNzcGNCCmZhGmBrZuP5IwNSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) Money; Getty Images Consumer sentiment toward homebuying is at an all-time low, according to Fannie Maeâs Home Purchase Sentiment Index. Only 14% of people think itâs a good time to buy, down from 20% last month. [Read more.](~/AAQRxQA~/RgRoTeUaP0SHaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L2JhZC10aW1lLXRvLWJ1eS1ob3VzZS8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTg5VwNzcGNCCmZhGmBrZuP5IwNSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) ð [Homeownership costs in the U.S. surged 26% since the start of 2020.](~/AAQRxQA~/RgRoTeUaP0RVaHR0cHM6Ly93d3cuZm94YnVzaW5lc3MuY29tL2Vjb25vbXkvaG9tZW93bmVyc2hpcC1jb3N0cy11cy1zdXJnZWQtMjYtc2luY2Utc3RhcnQtMjAyMFcDc3BjQgpmYRpga2bj-SMDUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Owning a home in the U.S. has become significantly more expensive since 2020, with overall costs rising 26% due to factors like inflation and rising insurance premiums. This surge puts homeownership out of reach for many Americans. âï¸ [Bill Gates is backing a nuclear power project in Wyoming.](~/AAQRxQA~/RgRoTeUaP0RKaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyNC8wNi8xMS9jbGltYXRlL2JpbGwtZ2F0ZXMtbnVjbGVhci13eW9taW5nLmh0bWxXA3NwY0IKZmEaYGtm4_kjA1IbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Bill Gates lent his seal of approval to a new type of nuclear reactor being built in Wyoming. This reactor is designed to be smaller, cheaper, and produce no carbon emissions. Despite facing regulatory hurdles and potential delays, Gates believes nuclear power is essential to combating climate change. Hereâs where home equity increased the most in the last 5 years [Equity](~/AAQRxQA~/RgRoTeUaP0SZaHR0cHM6Ly93d3cua2Fuc2FzY2l0eS5jb20vbW9uZXkvaG9tZS1lcXVpdHktaW5jcmVhc2UtbW9zdC1zaW5jZS1wYW5kZW1pYy8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTg5VwNzcGNCCmZhGmBrZuP5IwNSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) Getty Images Homeowners have seen significant home equity gains in the last five years, with some cities experiencing over 50% growth. Nashville leads the pack with a 57% increase in median home price, followed by Los Angeles at 55%. [Read more.](~/AAQRxQA~/RgRoTeUaP0SZaHR0cHM6Ly93d3cua2Fuc2FzY2l0eS5jb20vbW9uZXkvaG9tZS1lcXVpdHktaW5jcmVhc2UtbW9zdC1zaW5jZS1wYW5kZW1pYy8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTg5VwNzcGNCCmZhGmBrZuP5IwNSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) 𩸠[Theranos founder appeal to be heard in San Francisco federal court.](~/AAQRxQA~/RgRoTeUaP0RpaHR0cHM6Ly9hYmNuZXdzLmdvLmNvbS9VUy90aGVyYW5vcy1mb3VuZGVyLWVsaXphYmV0aC1ob2xtZXMtYXBwZWFsLWhlYXJkLXNhbi1mcmFuY2lzY28vc3Rvcnk_aWQ9MTEwOTgwMTEwVwNzcGNCCmZhGmBrZuP5IwNSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) Disgraced Theranos founder Elizabeth Holmes is appealing her 11-year prison sentence for defrauding investors. Her lawyers argue the prosecution didnât prove she knowingly misled investors, and they contest witness testimony and handling of evidence. ð [Elon Musk is ranting about Apple and OpenAI on X.](~/AAQRxQA~/RgRoTeUaP0Q9aHR0cHM6Ly9tYXNoYWJsZS5jb20vYXJ0aWNsZS9lbG9uLW11c2stYXBwbGUtb3BlbmFpLXd3ZGMtcmFudFcDc3BjQgpmYRpga2bj-SMDUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Elon Musk is unhappy about Appleâs partnership with OpenAI, claiming itâs a security risk and will ban Apple devices from his companies. He accuses Apple of not understanding the privacy concerns and says they are misleading users. Smart Money Move Donât let blazing car insurance rates torch your budget! [Car] [Car](~/AAQRxQA~/RgRoTeUaP0R3aHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL3ByL3Y3NmFkZmNiYWM1ND94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODlXA3NwY0IKZmEaYGtm4_kjA1IbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Rising car insurance costs got you losing sleep at night? Join the club. Prices have skyrocketed 20% nationwide in just a year. But hereâs the bright side: you may be paying too much. Just by shopping around, you could save hundreds of dollars annually. Thatâs worth a good nightâs sleep, right? [Take a look at Moneyâs Best Car Insurance list and see if you can find a more competitive rate.](~/AAQRxQA~/RgRoTeUaP0R3aHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL3ByL3Y3NmFkZmNiYWM1ND94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODlXA3NwY0IKZmEaYGtm4_kjA1IbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) ADVERTISEMENT Stories weâre reading this week - [Tesla Shareholders Should Pass Elon Muskâs Pay Package](~/AAQRxQA~/RgRoTeUaP0R1aHR0cHM6Ly93d3cubWFya2V0d2F0Y2guY29tL3N0b3J5L3Rlc2xhLXNoYXJlaG9sZGVycy1zaG91bGQtcGFzcy1lbG9uLW11c2tzLXBheS1wYWNrYWdlLW9yLWVsc2UtYW5hbHlzdC1zYXlzLWUyODBjMzBkVwNzcGNCCmZhGmBrZuP5IwNSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~)
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- [New Breakthrough Alzheimerâs Drug Gets Unanimous Backing From FDA Advisers](~/AAQRxQA~/RgRoTeUaP0RuaHR0cHM6Ly9ueXBvc3QuY29tLzIwMjQvMDYvMTEvbGlmZXN0eWxlL2JyZWFrdGhyb3VnaC1hbHpoZWltZXJzLWRydWctZ2V0cy11bmFuaW1vdXMtYmFja2luZy1mcm9tLWZkYS1hZHZpc29ycy9XA3NwY0IKZmEaYGtm4_kjA1IbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO)
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- [GM Cuts EV Production Forecast, Approves $6 Billion Share Buyback](~/AAQRxQA~/RgRoTeUaP0SAaHR0cHM6Ly93d3cucmV1dGVycy5jb20vYnVzaW5lc3MvYXV0b3MtdHJhbnNwb3J0YXRpb24vZ2VuZXJhbC1tb3RvcnMtYm9hcmQtYXBwcm92ZXMtbmV3LTYtYmlsbGlvbi1zaGFyZS1idXliYWNrLXBsYW4tMjAyNC0wNi0xMS9XA3NwY0IKZmEaYGtm4_kjA1IbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO)
- [Nvidia, the Hottest Stock of the Year, Is About to Get 90% Cheaper](~/AAQRxQA~/RgRoTeUaP0SOaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS9udmlkaWEtc3RvY2stc3BsaXQtdGltZS10by1pbnZlc3QvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU4OVcDc3BjQgpmYRpga2bj-SMDUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~)
- [Roaring Kitty Loses Millions After GameStop Stock Price Fall](~/AAQRxQA~/RgRoTeUaP0RTaHR0cHM6Ly9naXptb2RvLmNvbS9yb2FyaW5nLWtpdHR5LW1pbGxpb25zLWxvc3QtZ2FtZXN0b3AtZ21lLXN0b2NrLXByaWNlLTE4NTE1MzEzNDhXA3NwY0IKZmEaYGtm4_kjA1IbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) The Money Section is written in partnership with Money Research Collective This email was sent to {EMAIL} because you are signed up to receive The Money Section from The Charlotte Observer. If you no longer wish to receive emails of this type, you may [update your email preferences](~/AAQRxQA~/RgRoTeUaP0R1aHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL25ld3NsZXR0ZXJzI3VzZXJJZD0zMjU0ZmI5ZGZjZDhjNjJmZjA2N2Y5NDQ4ZDNiN2ZhZmMyZTBmYTgyMDhmMmNhYzA4M2RiODU3ZGFmNjA5NmViVwNzcGNCCmZhGmBrZuP5IwNSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~). We are unable to monitor replies to this email. Please [contact customer service](~/AAQRxQA~/RgRoTeUaP0QzaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL2N1c3RvbWVyLXNlcnZpY2UvVwNzcGNCCmZhGmBrZuP5IwNSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) if you have any questions or concerns. [Privacy Policy](~/AAQRxQA~/RgRoTeUaP0RCaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL2N1c3RvbWVyLXNlcnZpY2UvcHJpdmFjeS1wb2xpY3kvVwNzcGNCCmZhGmBrZuP5IwNSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) | [Terms of Service](~/AAQRxQA~/RgRoTeUaP0REaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL2N1c3RvbWVyLXNlcnZpY2UvdGVybXMtb2Ytc2VydmljZS9XA3NwY0IKZmEaYGtm4_kjA1IbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Copyright © 2024 The Charlotte Observer. All Rights Reserved.
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