The average wage earner in the Capital Region’s three biggest housing markets still can qualify to buy a house, though that may change as prices continue to rise faster than wages, a new national report suggests.Â
For the first time in more than 40 years, home prices and mortgage rates are rising at the same time. A low supply of homes coupled with measures by the Federal Reserve to stem inflation are driving both home prices and mortgage rates up, respectively.
Power outages from severe weather across the U.S. have doubled over the past two decades, as a warming climate stirs more destructive storms that cripple broad segments of the nation’s aging electrical grid, according to an Associated Press analysis of government data.
Economic uncertainty related to the pandemic and its fallout over the past two years didn’t stop entrepreneurs from launching new businesses in the Capital Region.Â
Entergy has proposed a new project to give backup generators to grocery stores and other commercial customers across the state to form microgrids that can be used during outages and peak demand times, but Entergy wants the rest of its customers to pay for them.
Millions of workers have quit old jobs for new ones in the past year, and caller ID is outing young professionals—and some not-so-young professionals—for being on their parents’ family mobile phone plans.Â