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Local 5 - weareiowa.com | Des Moines Local News & Weather | Des Moines, Iowa
Markets
Interest rates keep going down but mortgage rates aren't following suit. Here's why
Economy
U.S. economy shows positive signs of growth
The Department of Commerce report found the economy grew at 2.8%.
Nation World
As affordable housing disappears, states scramble to shore up the losses
As many as 223,000 affordable housing units across the U.S. could be yanked out from under them in the next five years alone.
Economy
Fed slashes interest rates in first cut since 2020
Inflation has plummeted from a peak of 9.1% in June 2022 to 2.5% last month, not far above the Fed's 2% target.
Life
Living in Des Moines: Is apartment demand still on the rise?
According to a recent report from RentCafe, over 1,000 new apartment units were built in Des Moines last year.
Money
Seller's market? Buyer's delight? A look into Des Moines' housing market
30-year average mortgage interest rates jumped from 3.1% a year ago to 6.9% this November. The move has slowed down sales, but what about prices?
Economy
Stocks fall sharply worldwide as recession fears cloud world markets
The Dow Jones Industrial Average closed at its lowest point since 2020 Friday.
Money
Alliant Energy, Iowa Lakes Electric Co-op talk increased heating bills, customer demand
It is a combination of increasing demand and a dangerous reliance on natural gas, with a pattern that is likely unsustainable for years to come.
Money
Why are your heating bills skyrocketing? Is there relief in sight?
With pandemic-related economic disruptions in play, supply and demand challenges cloud the future of natural gas prices.
Programs
Mark gives one final goodbye to Eric Sorensen
Financial Advisor Mark Grywacheski explained why prices in the stock market were back up Monday, June 28th, but he also had a farewell to Eric Sorensen.
Money
Should you invest in the stock market right now?
Investing during a pandemic: A smart call or a risky gamble?
News
Stocks fall sharply as coronavirus threatens global economy
The Associated Press says U.S. stocks fell sharply Friday and were on track for their worst week since October 2008 as COVID-19 threatens the global economy.
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