Author: superadmin

Survey Reveals Challenges in Achieving Homeownership Amid Economic Concerns

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Affordability Challenges: The middle class is finding it harder to afford homes as the cost of homeownership continues to rise. In many areas, a household making $100,000 can afford only about 38.6% of the homes currently on the market. Mortgage rates are nearing 7% for 30-year fixed loans, which significantly increases monthly payments, making homeownership more difficult for middle-income families. In 2018, there were around 810,000 homes that middle-income buyers could afford; by 2024, this number had dropped to just 263,000 homes available in April of that year (Realtor.com). High Down Payments Required: A household making the median income would…

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American Eagle’s Profit Grows Despite Missing Sales Targets Again

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American Eagle Outfitters, Inc. (AEO) is a leading global specialty retailer known for offering high-quality, on-trend clothing, accessories, and personal care products under its American Eagle and Aerie brands. The company operates stores in the United States, Canada, Mexico, and Hong Kong, and ships to approximately 80 countries worldwide through its websites. Additionally, American Eagle and Aerie products are available at over 300 international locations operated by licensees in about 30 countries​ AEO-Inc American Eagle fell short of Wall Street’s sales expectations for the second consecutive quarter, but the company still managed to achieve a nearly 60% increase in profit,…

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