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Americans set to spend a total of $39 billion on back-to-school shopping this year

(CNN) Last year, consumers shelled out big bucks for their back-to-school shopping needs, spending a record $41.5 billion, according to estimates from the National Retail Federation. That whopping tally, which amounted to more than $890 per household, bested 2021’s all-time high by roughly 12%. While higher prices sure played their part, so did buoyed optimism in the strong labor market, plus slowing inflation and the resilient US economy.  (Read more at CNN.com)

Finally, America’s housing market is starting to loosen up. But it’ll be a bumpy road back

(CNN) It’s been another rollercoaster of a year so far for the US housing market. Elevated mortgage rates and home prices have pushed prospective homebuyers to the sidelines. In addition, homeowners have been reluctant to put their properties on the market and risk potentially forfeiting the ultra-low mortgage rates they locked in during the pandemic. (Read more at CNN.com)

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