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The Money Section | Finally, good news for home buyers!

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charlotteobserver.com

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Wed, Jul 17, 2024 09:06 PM

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Also, Elon Musk is moving SpaceX and X to Texas. ͏ ‌    ͏ ‌  

Also, Elon Musk is moving SpaceX and X to Texas. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     [The Charlotte Observer](~/AAQRxQA~/RgRoerdFP0QiaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL1cDc3BjQgpmlUUymGayyXhcUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) ͏ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ July 17, 2024 • Issue #94 [The Money Section] This week, we’re looking at good news for home buyers as mortgage rates are finally dropping, why Elon Musk is moving SpaceX and X to Texas, the relationship between Alzheimer’s disease and your credit score, and mortgage refinance jumping to a 2-year high. Summer could finally bring some good news for home buyers [Travel](~/AAQRxQA~/RgRoerdFP0SOaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS9zdW1tZXItMjAyNC1nb29kLW5ld3MtaG9tZS1idXllcnMvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU5NFcDc3BjQgpmlUUymGayyXhcUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Rangely Garcia for Money Despite a rough spring, the housing market may see a shift in the latter half of 2024. While rising insurance costs and election year uncertainty might keep some cautious, mortgage rates are finally dropping and stabilizing. Home prices are still increasing, but at a much slower pace. [Read more.](~/AAQRxQA~/RgRoerdFP0SOaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS9zdW1tZXItMjAyNC1nb29kLW5ld3MtaG9tZS1idXllcnMvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU5NFcDc3BjQgpmlUUymGayyXhcUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) 📉 [European shares slide as tech stocks weigh.](~/AAQRxQA~/RgRoerdFP0RnaHR0cHM6Ly93d3cuaW52ZXN0aW5nLmNvbS9uZXdzL3N0b2NrLW1hcmtldC1uZXdzL2V1cm9wZWFuLXNoYXJlcy1vcGVuLWxvd2VyLW9uLXRlY2gtc3RvY2tzLWRyYWctMzUyMjE5MlcDc3BjQgpmlUUymGayyXhcUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) European stocks fell for three days in a row. Tech stocks, especially those in the semiconductor industry, were hit the hardest. This was caused by a weak forecast from chipmaker ASML and worries about potential U.S. trade restrictions on China’s access to advanced chip technology. 🏠[Mortgage refinance demand jumps to a 2-year high.](~/AAQRxQA~/RgRoerdFP0RsaHR0cHM6Ly93d3cuY25iYy5jb20vMjAyNC8wNy8xNy9tb3J0Z2FnZS1yZWZpbmFuY2UtZGVtYW5kLWp1bXBzLXRvLWEtMi15ZWFyLWhpZ2gtYXMtbW9ydGdhZ2UtcmF0ZXMtZHJvcC5odG1sVwNzcGNCCmaVRTKYZrLJeFxSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) Mortgage refinance applications surged 15% last week, reaching a two-year high, as interest rates dropped to their lowest point since March. This decline in rates was fueled by expectations of future Federal Reserve rate cuts. A slipping credit score is one of the first signs of Alzheimer’s disease [EV](~/AAQRxQA~/RgRoerdFP0SjaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L2NyZWRpdC1zY29yZS1kZWNyZWFzZS1hbHpoZWltZXJzLWRpc2Vhc2UtZGVtZW50aWEvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU5NFcDc3BjQgpmlUUymGayyXhcUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Getty Images A new study reveals a potential early indicator of Alzheimer’s disease: a declining credit score. Researchers found a significant correlation between worsening credit history and the onset of Alzheimer’s symptoms, with credit problems often appearing years before diagnosis. [Read more.](~/AAQRxQA~/RgRoerdFP0SjaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L2NyZWRpdC1zY29yZS1kZWNyZWFzZS1hbHpoZWltZXJzLWRpc2Vhc2UtZGVtZW50aWEvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU5NFcDc3BjQgpmlUUymGayyXhcUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) 🚚 [Amazon workers narrowly reject union in historic vote.](~/AAQRxQA~/RgRoerdFP0QuaHR0cHM6Ly93d3cuYmJjLmNvbS9uZXdzL2FydGljbGVzL2M4dmQ3MnpycHIxb1cDc3BjQgpmlUUymGayyXhcUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Amazon workers at a UK warehouse narrowly rejected unionization in a historic vote. The GMB union, which had been organizing the workers for over a year, fell short of the necessary majority. The vote was seen as a David vs. Goliath battle, with Amazon fiercely resisting unionization efforts. 🔋 [Intersect Power to build $837M worth of grid batteries in Texas.](~/AAQRxQA~/RgRoerdFP0RyaHR0cHM6Ly93d3cuY2FuYXJ5bWVkaWEuY29tL2FydGljbGVzL2VuZXJneS1zdG9yYWdlL2ludGVyc2VjdC1wb3dlci10by1idWlsZC04MzdtLXdvcnRoLW9mLWdyaWQtYmF0dGVyaWVzLWluLXRleGFzVwNzcGNCCmaVRTKYZrLJeFxSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) The clean energy development firm announced a $837 million investment in three battery projects in Texas, totaling nearly 1 gigawatt-hour of energy storage capacity. The company aims to provide additional flexibility to the state’s booming storage market. Nvidia’s CEO is selling millions in company stock [Tax Hikes](~/AAQRxQA~/RgRoerdFP0SUaHR0cHM6Ly93d3cua2Fuc2FzY2l0eS5jb20vbW9uZXkvYWktc3RvY2stYnViYmxlLW52aWRpYS1qZW5zZW4taHVhbmcvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU5NFcDc3BjQgpmlUUymGayyXhcUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Money; Getty Images Nvidia CEO Jensen Huang has recently sold millions of dollars worth of company stock, raising concerns about a potential AI bubble bursting. While it’s common for executives to sell shares, the timing and scale of Huang’s sales have caught investor attention. [Read more.](~/AAQRxQA~/RgRoerdFP0SUaHR0cHM6Ly93d3cua2Fuc2FzY2l0eS5jb20vbW9uZXkvYWktc3RvY2stYnViYmxlLW52aWRpYS1qZW5zZW4taHVhbmcvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU5NFcDc3BjQgpmlUUymGayyXhcUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) ⚡ [The real reason Elon Musk is moving SpaceX and X to Texas.](~/AAQRxQA~/RgRoerdFP0RgaHR0cHM6Ly93d3cuaW5kZXBlbmRlbnQuY28udWsvdm9pY2VzL2NhbGlmb3JuaWEtdGV4YXMtZWxvbi1tdXNrLXRyYW5zZ2VuZGVyLXNwYWNleC1iMjU4MTIzMC5odG1sVwNzcGNCCmaVRTKYZrLJeFxSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) Elon Musk has announced plans to relocate both SpaceX and X (formerly Twitter) from California to Texas. Musk cites a new California law restricting parental notification of gender identity changes for minors as the “final straw” in a series of unfriendly business regulations. 🇨🇳 [U.S. considers tougher trade rules in China chip crackdown.](~/AAQRxQA~/RgRoerdFP0R9aHR0cHM6Ly93d3cucmV1dGVycy5jb20vdGVjaG5vbG9neS91cy1jb25zaWRlcmluZy10b3VnaGVyLXRyYWRlLXJ1bGVzLWNoaXAtY3JhY2tkb3duLWNoaW5hLWJsb29tYmVyZy1uZXdzLXJlcG9ydHMtMjAyNC0wNy0xNy9XA3NwY0IKZpVFMphmssl4XFIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) The U.S. is pressuring its allies, particularly Japan and Netherlands, to tighten restrictions on advanced chip technology sales to China. Facing resistance, the U.S. is considering tough measures like the Foreign Direct Product Rule (FDPR). Smart Money Move Improved hearing could mean more than improved quality of life [Car Insurance] There is mounting evidence hearing aids can help slow dementia in older adults. A recent Johns Hopkins study found hearing aids may reduce the risk of cognitive decline by nearly 50%. What’s more, today’s hearing aids are a far cry from the bulky devices of the past. With features like Bluetooth, rechargeable batteries, and smartphone connectivity, they’re sleek, convenient, and highly effective. [Explore Money’s picks for the best hearing aids today!](~/AAQRxQA~/RgRoerdFP0TaaHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL2hlYXJpbmctYWlkcy9scC9iZXN0LWhlYXJpbmctYWlkcy1hYm0tZW1sP3BjdWlkPXc5N2NhOWVlNjc0OSZjYV9yZWZlcmVyPWh0dHBzJTNBJTJGJTJGd3d3Lmdvb2dsZS5jb20lMkYmanVtcF9mcm9tX2VtYmVkPXRydWUmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlOTQmdXRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPW1jY2xhdGNoeSZ3YWZpZD1XA3NwY0IKZpVFMphmssl4XFIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) ADVERTISEMENT Stories we’re reading this week - [Nasdaq Hits Two-Week Low in Megacap Tech, Chip Stocks Rout](~/AAQRxQA~/RgRoerdFP0RiaHR0cHM6Ly93d3cucmV1dGVycy5jb20vbWFya2V0cy91cy93YWxsLXN0LWZ1dHVyZXMtc2x1bXAtYWZ0ZXItcmFsbHktdGVjaC1zdG9ja3Mtc2xpZGUtMjAyNC0wNy0xNy9XA3NwY0IKZpVFMphmssl4XFIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) - [Federal Student Loan Interest Rates Just Increased](~/AAQRxQA~/RgRoerdFP0SpaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL21vbmV5L2ZlZGVyYWwtc3R1ZGVudC1sb2FuLWludGVyZXN0LXJhdGVzLWluY3JlYXNlLTIwMjQvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU5NFcDc3BjQgpmlUUymGayyXhcUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) - [GM To Increase Production of High-Performance Cadillac Escalade V8 SUV](~/AAQRxQA~/RgRoerdFP0RNaHR0cHM6Ly93d3cuY25iYy5jb20vMjAyNC8wNy8xNy9nbS1jYWRpbGxhYy1lc2NhbGFkZS12LXNlcmllcy1wcm9kdWN0aW9uLmh0bWxXA3NwY0IKZpVFMphmssl4XFIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) - [Your Next Credit Card Might Be Metal With Flashing LED Lights](~/AAQRxQA~/RgRoerdFP0SRaHR0cHM6Ly93d3cubmV3c29ic2VydmVyLmNvbS9tb25leS9jb29sLWNyZWRpdC1jYXJkLWRlc2lnbi10cmVuZHMvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU5NFcDc3BjQgpmlUUymGayyXhcUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) - [HSBC Names Third CEO in Less Than Eight Years](~/AAQRxQA~/RgRoerdFP0RMaHR0cHM6Ly9lZGl0aW9uLmNubi5jb20vMjAyNC8wNy8xNy9idXNpbmVzcy9oc2JjLW5ldy1jZW8tZWxoZWRlcnkvaW5kZXguaHRtbFcDc3BjQgpmlUUymGayyXhcUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) - [Gold vs. Stocks: As Both Hit Record Highs, What’s Performing Better for Investors?](~/AAQRxQA~/RgRoerdFP0SXaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L2dvbGQtdnMtc3RvY2tzLWJldHRlci1pbnZlc3RtZW50LTIwMjQvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU5NFcDc3BjQgpmlUUymGayyXhcUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) - [Trump Says He Would Allow Fed Chair Powell To Finish His Term](~/AAQRxQA~/RgRoerdFP0RpaHR0cHM6Ly93d3cuZm94YnVzaW5lc3MuY29tL2Vjb25vbXkvdHJ1bXAtc2F5cy1oZS13b3VsZC1hbGxvdy1mZWQtY2hhaXItcG93ZWxsLWZpbmlzaC1oaXMtdGVybS1yZS1lbGVjdGVkVwNzcGNCCmaVRTKYZrLJeFxSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) 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~/RgRoerdFP0R1aHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL25ld3NsZXR0ZXJzI3VzZXJJZD0zMjU0ZmI5ZGZjZDhjNjJmZjA2N2Y5NDQ4ZDNiN2ZhZmMyZTBmYTgyMDhmMmNhYzA4M2RiODU3ZGFmNjA5NmViVwNzcGNCCmaVRTKYZrLJeFxSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~). We are unable to monitor replies to this email. Please [contact customer service](~/AAQRxQA~/RgRoerdFP0QzaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL2N1c3RvbWVyLXNlcnZpY2UvVwNzcGNCCmaVRTKYZrLJeFxSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) if you have any questions or concerns. 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