State and local governments have faced a cash crunch as a result of the COVID-19 pandemic. And they’re passing the pain on to homeowners in the form of higher property taxes, according to a new report. A new analysis from real-estate data company Attom Data Solutions found that Americans who …
Read More »The Moneyist: My late partner of 7 years fought with his estranged wife and transferred $250K into a trust for me. Can she contest that money?
Dear Quentin, I was with my significant other for almost 7 years. While he was separated from his wife, they never divorced. It was due to financial reasons. Because of his difficult relationship with his wife I was made his health-care surrogate. Last September, he underwent cancer surgery, and realized …
Read More »The Moneyist: ‘I feel un-American. My appliances are 20 years old. I shop in thrift stores’: My wife wants a nicer place to live. What do I do?
Dear Quentin, During my 20s, I was broke. I bought my first house and lived alone, stretched to my limits. I had three maxed-out credit cards and lived paycheck to paycheck. Today, I’m in my 40s, married and in a much better financial situation. My 401(k) has done very well …
Read More »: Eurozone banks are showing life after 15 rough years. Will the ECB snuff out the rally?
It has been a pretty rough 15 years for the eurozone’s leading banks. The bad times have been ghastly — the 2008 financial crisis, the Greek debt crisis, and now, the COVID-19 pandemic. But even the good times haven’t been so great, with lenders in the 27-nation grouping facing a …
Read More »The Moneyist: My husband and his brother inherited their family home. Our son lived there for 4 years. We paid $60K on taxes and repairs after a fire. Do we still split it 50/50?
Dear Quentin, My husband and his brother inherited their family home. When they were able to take possession our son and his family needed a place to live. The brother was quite willing to let them move in and, in lieu of paying him rent for his 50%, my husband …
Read More »The Ratings Game: Wayfair’s customer base jumped ahead by 2 years during COVID, setting the retailer up for long-term growth: Truist
Wayfair Inc. W, -1.78% was upgraded to buy from hold at Truist Securities, with analysts estimating that the e-commerce home goods retailer accelerated its active customer base by two years during the COVID-19 pandemic. Truist raised its price target to $ 375 from $ 315. Wayfair said in its fourth-quarter …
Read More »Economic Report: U.S. businesses have strongest expansion in almost six years in February, Markit PMI data show
The numbers: The flash reading of the IHS Markit U.S. composite purchasing managers index rose to 58.8 in February from 58.7 in the prior month. Any reading over 50 indicates improving conditions. It is the strongest reading in almost six years. What happened: The index for services rose to 58.9 …
Read More »The Big Move: I’m planning to retire soon. Should we sell our home while prices are high — and rent for two years?
‘The Big Move’ is a MarketWatch column looking at the ins and outs of real estate, from navigating the search for a new home to applying for a mortgage. Do you have a question about buying or selling a home? Do you want to know where your next move should …
Read More »The Moneyist: My husband, 79, promised to leave his grandson his home. After 22 years of marriage is that fair to me?
Dear Moneyist, I am a married woman age 69 and my husband is 79. I am his second wife and we have been married for 22 years. He is not in the best of health and requires my care. He suffers with debilitating arthritic pain and is not able to …
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