Welcome to the latest Financial Friday Round-Up, our weekly column filled with the best things for you to read, watch or listen to regarding finance around the web. Below you will find articles on the hot housing market, Bitcoin investors, auto insurance, and more.
The median price for a home has risen nearly 20% in a year while inventory is hitting a new low. This report from The New York Times considers the state of the housing market and concludes that this is no bubble, but a simple case of supply and demand. Read this article for a more in-depth look at the situation.
Everybody has heard stories about overnight crypto millionaires by now. This article from Money paints a more complete picture, revealing that roughly 55% of Bitcoin investors were underwater as of February 8, 2022. Check out this piece for more information.
According to a study by The Economist, almost 80% of Americans do not understand the relationship between interest rates and inflation. Planet Money is here to help with an episode on how the Federal Reserve uses interest rates to fight rising prices. Listen to this podcast for a lesson in economics.
Auto insurers struggled last year as lockdowns lifted and traffic rose to pre-pandemic levels across the countries. Now, these companies are rushing to get in front of inflation by raising their rates. Read this report from The Wall Street Journal for the bigger picture.