Mortgage Interest Rates Review
Florida Hosts Worst Housing Market in U.S.
플로리다 주택시장, 미국내 최악
WSJ 7/2/25(Wed)
- Thousands found an inexpensive slice of paradise in Cape Coral, a city with more canals than anywhere else in the world.
- The median home price soared nearly 75% to $419,000 in three years, transforming the character of this middle-income community that for decades has catered to retirees and small investors.
- Now, three years later, “For Sale” signs line every other block. Open houses are deserted for hours. Foreclosures are ticking up. Home builders are listing half-built shells at discounts as they abandon projects to cut losses. Locals said the lack of traffic has led to an increase in vehicles speeding through empty residential streets.
- Home prices for Cape Coral-Fort Myers have fallen 11% in the two years through May, the most of any major metro area, according to an analysis for The Wall Street Journal by the listing site Homes.com.
Home price cuts in metro areas
WSJ 7/2/25
The City That Just Won’t Stop Spreading
달라스(TX), 도무지 멈추지 않는 확장…
WSJ 7/5/25(Sat)
- The corridor north of Dallas is building highways, chain restaurants and planned communities. Places like Frisco and Prosper are turning newcomers into Texans. The growth north of Dallas has been so dizzying that people talk about it as if it were a storm, or some other force of nature.
- It is also brimming with a kind of morning-in-America confidence. While the struggle to build housing has become a seemingly insoluble crisis in other parts of the country, locals talk about when—not if—Dallas’s northward march will reach Oklahoma.
- TIAA Retirement Solutions moved into a new 15-story office tower in Frisco in August.
- It seems possible to watch in real time as the building blocks of modern American suburbia come together: first the schools, then the hospital, the fast-casual restaurants and the church. There are a surprising number of nail salons and pool contractors. And orthodontists.
- Arguably, Frisco is the epicenter of the North Texas boom. It was mostly agricultural land in 1990, with a population hovering around 6,000. It has since surpassed 240,000—and planners expect the city to reach a capacity of 350,000 residents in the next five years or so.
- More recently, Frisco has lured the Professional Golf Association from its longtime headquarters in Palm Beach, Fla., to a new 600-acre complex that includes a high-end resort and two courses.
- Many of the Indians, in particular, have come to work in medicine or as software engineers, according to Nitin Gupta, a real-estate agent who has helped settle South Asian families in north Dallas over the last decade.
- In Frisco, above, ‘pretty much everyone here is from somewhere else,’ says Mayor Jeff Cheney. Prosper, 10 miles to the north, above right, has a new $53 million high school football stadium.
Possibility of minus immigration growth
in U.S.
올해미국 순이민, 70년만에 마이너스 성장 가능
Korea Daily 7/8/25(Tue)
- According to a report by Brookings and AEI, possibly there are more people leave U.S. than people immigrate into U.S.. If this is the case, U.S. will record minus immigration growth in 70 years.
- The report says U.S. immigration at worst case can be – 525K this year. This would be the first time since 1960. Since then U.S. immigration kept growing including the periods of the financial crisis and COVID-19 period.
- The reason of this forecast is the Trump immigration policy for both illegal and legal immigration sectors. This minus immigration will induce negative impact to U.S. GDP growth and it might be -0.3%~0.4%.
- Meanwhile, Mogan Stanley forecasted immigration will decrease 300K in 2025, 200K in 2026.
Microsoft to Lay Off 9,000 More.
마이크로 소프트, 9000명 이상 감원
WSJ 7/3/25(Thu)
- Microsoftplans to cut an additional 9,000 workers in its latest round of layoffs, bringing its workforce reductions to 15,000 in the past two months. Job cuts hit Microsoft’s gaming segment but didn’t account for most of the staff reductions.
- The latest round of layoffs adds to about 6,000 roles that Microsoft eliminated in May across its product and software development teams.
- Companies across sectors, from retailers to pharmaceutical firms, have been planning to consolidate positions, as they look to boost productivity with leaner staffs. Many say they will rely on technology to perform additional tasks. Other tech companies, includingAmazon.com, have said they plan to reduce their workforces in the coming years because increasing use of artificial intelligence will eliminate the need for certain roles.
CEOs Say It Loudly: AI will Wipe out Many Jobs.
대기업 대표들: AI 가 많은 직업군을 소멸할거라
WSJ 6/25/25(Wed)
- Chief executives are no longer dodging the question of whether AI takes jobs. Now they are giving predictions of how deep those cuts could go.
- “AI is going to replace literally half of all white-collar workers in the U.S.,”Ford MotorChief Executive Jim Farley said. “AI will expel a lot of white-collar people.
- AtJPMorgan Chase,Marianne Lake, CEO of the bank’s massive consumer and community business, told investors in May that she could see its operations head count falling by 10% in the coming years as the company uses new AI.
- Anthropic CEO Dario Amodei said in May that half of all entry-level jobs could disappear in one to five years, resulting in U.S. unemployment of 10% to 20%, according to an interview with Axios.
- ShopifyChief Executive Tobi Lütke recently told workers that the company wouldn’t make any new hires unless managers could prove artificial intelligence isn’t capable of doing the job.
Powell Says Solid Economy Lets Fed Wait.
연준의장, 이자률 감소를 좀 기다릴수 있을…
WSJ 7/2/25(Wed)
- The Fed Chair Jerome Powell kept his options open when he said steady economic activity was giving the central bank time to study the effects that tariff increases have on prices and growth before resuming interest- rate reductions.
- “We’re simply taking some time,” Powell said Tuesday, repeating his earlier view. “As long as the U.S. economy is in solid shape, we think the prudent thing to do is wait and learn more and see what those effects might be.”
- In recent weeks, investors have dialed up their expectations that the Fed will cut rates at least twice in the second half of the year because inflation readings for April and May were milder than some economists expected.
- Powell said the Fed would likely have continued to gradually lower rates this year already if not for concerns that tariffs might derail the last interval of officials’ recent fight to subdue inflation.
