KEY POINTS

  • Every $1,000 increase in home price pushes 150,000 buyers away: Report 
  • Rental prices have dropped by 0.1% since last month: Report
  • Homebuying is currently led by people with jobs and equity

Rising demand for homes, unprecedented levels of mortgage rates and low supply have pushed home prices out of reach for prospective homebuyers, which could make America a ‘renter nation,’ Grant Cardone, a real estate investor, told Yahoo.

“Homeownership is still dead in this country because the only people that are buying homes right now are people that have equity, great credit, and a job,” Cardone said.

For every $1,000 increase in home price, 150,000 buyers are priced out of a possible home purchase, according to a recent report by the National Association of Home Builders (NAHB).

The fall season is known to be good for real estate as home prices fall during this time. Realtor.com, however, suggests

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Investment Thesis

High unemployment rates and financial challenges among small businesses are two big problems that the markets are ignoring. Such problems may have negative impacts on the economy as a whole as small and medium enterprises (SMEs) make the majority of all businesses in America. PS Business Parks (PSB), which have a large tenant base of SMEs, is at risk as small business America struggles to recover. While PSB is an excellent company with desirable qualities, prices do not offer an adequate margin of safety. I rate shares a Hold.

The Elephant In The Room

Back in March, analysts and reporters were having a debate on which letter of the alphabet would illustrate recovery in the next few months or years: J, L, U, V, W, K? Economically speaking, we’re seeing more of an alphabetti spaghetti. E-commerce is having a J-recovery as people are smashing the “Buy now with

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By Jonathan Cable



a group of people sitting at a table eating pizza: FILE PHOTO: Employees pick up the pizzas near an IPad with the "Funky Pay" app, at Funky Pizza restaurant, where the app replaces waiters, in Palafrugell


© Reuters/NACHO DOCE
FILE PHOTO: Employees pick up the pizzas near an IPad with the “Funky Pay” app, at Funky Pizza restaurant, where the app replaces waiters, in Palafrugell

LONDON (Reuters) – The euro zone’s economic recovery faltered in September with growing evidence sectors and countries in the bloc are diverging as a resurgence of the coronavirus forces the reimposition of restrictions on activity.

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A rise in infection rates in Europe, which a Reuters poll concluded last month was the biggest threat to the economic recovery, will concern policymakers who had hoped the euro zone economy was healing after contracting an historic 11.8% in the second quarter. [ECILT/EU]

Monday’s purchasing managers’ surveys showed services activity, which accounts for around two-thirds of the bloc’s GDP, slammed into reverse after sister surveys last week suggested factories was enjoying something of a revival.

There was also a split

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By Jonathan Cable

LONDON (Reuters) – Euro zone business growth ground to a halt this month, throwing the economic recovery into question, as fresh restrictions to quell a resurgence in coronavirus infections slammed the services industry into reverse, a survey showed on Wednesday.

The renewed downturn in the dominant services sector, which is likely to be hit harder by new constraints on activity imposed across the 19-country euro zone, more than offset the strongest manufacturing growth in two years.

“Alarm bells should be going off about the pace of the recovery at the moment as the number of new COVID-19 cases has been flaring up,” said Bert Colijn at ING.

“For governments and the European Central Bank, this will be a wake-up call, if they needed one.”

IHS Markit’s flash Purchasing Managers’ Index sank to 50.1 in September from August’s 51.9, only just above the 50 mark separating growth from

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Millions of Americans are at risk of losing out on a coronavirus stimulus check worth up to $1,200, a government watchdog said this week.

Up to 8.7 million individuals who are eligible to receive the economic impact payments have yet to receive the money due to incomplete IRS and Treasury Department records, according to a Monday report from the Government Accountability Office, Congress’ auditing arm.

It’s the third report from the GAO examining the implementation of the $2.2 trillion CARES Act and other pandemic relief measures by Congress and the Trump administration earlier this year.

STILL HAVEN’T RECEIVED YOUR STIMULUS CHECK? WHAT YOU NEED TO DO

The watchdog found that while the Treasury Department and IRS have tried to address distribution issues involving

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The restaurant where you go to catch a basketball game and play your favorite arcade game during halftime is nearing bankruptcy.

Dave and Buster’s announced it is laying off 1,300 employees across seven states by Nov. 8 and has warned that the company may have to file for bankruptcy if it cannot reach a deal with its lenders. Dave and Buster’s was one of the chains to be hit the hardest during the pandemic as it wasn’t equipped to offer delivery or to-go meals in the same manner traditional chains were. Not to mention, the chain makes the majority of its revenue from the games that are all inside of its locations. (Related: 15 Classic American Desserts That Deserve a Comeback)

The company was able to buy a little extra time having negotiated a debt-relief deal with its lenders that will support it through Nov 1. However, if that deal

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