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Boomers, millennials locked in ‘showdown’ over housing: Fortune

street view of high income single-family home neighborhood As baby boomers increasingly seek to age in place in their own homes — a scenario supported by both the preferences of older homeowners and the realities brought on by elevated mortgage rates — this is clashing with the desires of millennials who wish to enter the housing market, as the combination …

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D.C., Chicago are top YIMBY cities for housing development

San Francisco-based Pacaso, a tech-centric real estate marketplace, released a report Monday unveiling the top U.S. metro areas that are embracing new development and “creating a more diverse and plentiful supply of homes.“ The report delves into the “Yes in My Backyard“ (YIMBY) movement, which involves numerous strategies to improve housing supply and lower the cost of living for homeowners …

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US futures slip away from records with Fed decision in focus

US stock futures drifted lower on Tuesday, setting the stage for a retreat from record highs as investors waited for the start of a Federal Reserve meeting that should signpost the path of interest rates. Futures on the S&P 500 () and the tech-heavy Nasdaq 100 () both fell roughly 0.3% on the heels of notching all-time closing highs. Dow …

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