‘A clear sign that the US economy is not in a recession’: Economists react to blowout July jobs report

The July jobs report on Friday showed the US economy gained 528,000 jobs last month, with the unemployment rate falling to 3.5% from 3.6%. Economists polled by The Wall Street Journal had expected an addition of 258,000 jobs and unemployment staying at 3.6%. See: Jobs shocker — US adds 528,000 jobs in July and unemployment … Read more

Peek Inside the Ritzy Real Estate of the Late Ivana Trump and with Roe v. Wade overturned, Georgia allows pregnant women to claim embryos as dependents — and it may not be the last state to do so

Hi, MarketWatchers. Don’t miss these top stories. Fed’s Mary Daly says ‘I don’t feel the pain of inflation anymore’ — here’s the full context of her remarks The San Francisco Fed president also said ‘we have to worry’ about those who can’t afford rising prices in an interview Wednesday. Here’s what she said in full. … Read more

Caterpillar earnings disappoint again: Supply chain challenges, China and strong dollar blamed as sales came up short

Shares of Caterpillar Inc. sank Tuesday, after the construction and mining equipment maker reported another disappointing earnings report, with profit beating expectations but sales coming up a bit shy. The CAT company, -5.58% stressed that demand remained “healthy” and “strong,” but results were hampered mostly by continued supply chain constraints, as well as the strong … Read more

Stock market turbulence may not be scaring off retail investors: ‘We’re not seeing investors respond the way they typically have’

For all its downward dips so far this year, the stock market may not be scaring off many retail investors, polling and purchase data suggest. One quarter (26%) of people said the stock market is the best place to tuck away money they won’t need to tap for a decade, according to a new Bankrate.com … Read more

Rents are hitting new highs, but renting is still cheaper than owning. Here’s why.

Rents are hitting new highs, but renting is still mostly more affordable than owning a home in most big cities, according to a new report. The national median rent rose for the 16th straight month and reached $1,876 in June, a new high, according to a Realtor.com’s June Rental Report. That’s pricey, but still 29.9% … Read more

The cities where home prices are poised to drop in the next couple of years, according to one expert

Mortgage rates are cooling off after rising sharply. But expect home prices to start slowing, and even dropping, in some of the most overheated markets in the country over the next couple of years. With the average on the 30-year fixed-rate mortgage at 5.7%, some would-be buyers are spooked by the higher borrowing costs and … Read more

My husband got a job with a 40% pay raise in a city two hours away. Should we sell our beloved home of 24 years and buy? Or rent?

Dear MarketWatch, My husband has got a job offer that will give him a 40% pay raise. But we have to move to a more expensive city two hours away. We’ve lived in our home for 24 years, and have no debt left to pay off. We have about a little less than half a … Read more

Americans are growing ‘increasingly frustrated’ with the economy and gloomy about the housing market, Fannie Mae survey says

Both prospective homebuyers and sellers are feeling increasingly annoyed by the housing market and the economy, according to a new survey. Their frustrations were registered by the Fannie Mae Home Purchase Sentiment Index, which dropped by 3.4 points in June to 64.8. That’s the second-lowest reading in a decade. Consumers surveyed were pessimistic about home-buying … Read more

‘Prices may dip’ in some markets: 5 economists and real estate pros on what to expect from this ‘in transition’ housing market

What’s going on with the housing market now? Getty Images Although mortgage interest rates have been slowly ticking up — with some pros saying we may see more of that (you can see the lowest mortgage rates you can get here) — summertime homebuyers have likely noticed that housing price growth doesn’t seem to be … Read more