Inflation surged in September as U.S. energy costs jumped
Gas prices, which jumped 9.1% in September from August, accounted for more than half the monthly rise in inflation.
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Gas prices, which jumped 9.1% in September from August, accounted for more than half the monthly rise in inflation.
Sky-high housing prices make even starter homes too expensive for most Americans, housing data show.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
"Even places that historically have been affordable now need six figures," according to Redfin's chief economist.
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.