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The recession that followed the coronavirus pandemic has extended its effect to the US housing market and it has continued to raise concerns about worsening inequality. Low-interest rates, widespread adoption of remote working, and housing shortages have resulted in a surge in home purchases and prices. The housing market is one of the few economic sectors to have fully bounced back from the COVID-19 recession and is expected to continue growing this year. While homeowners have benefited from the housing boom, the recession has not been helpful to many Americans as it has made it difficult for them to have the financial security to buy their first home. Millions of Americans who relied on federal foreclosures and forbearance to avoid becoming homeless during the pandemic now face deep financial holes that must be overcome before the economy fully recovers. Those who have been evicted or are delinquent on other debts may find it even harder to secure a mortgage as lenders tighten their lending standards. And rising house prices can make homeownership out of reach, even for those who appear to be in

It has become clear that the world of work has changed dramatically in the last year alone. The 2020 pandemic has caused increased unemployment and uncertainty about business success. While this rise in unemployment is a daunting realization, many people have found creative ways to use their resources and time away from their work to start businesses and side hustles to create multiple streams of income for themselves, and some have even managed to turn it into a full-time job. For some, the pandemic had inadvertently become a breeding ground for entrepreneurs and sparked a creative show. Who Is an Entrepreneur? An entrepreneur is someone who creates value in exchange for profit. And for a person to qualify as an entrepreneur, he must bear the risks associated with his business and also enjoy the profits of the business. Entrepreneurship is an interesting field for many people. Many people want to be entrepreneurs, but don't know how to get started. In this article, we share a step-by-step guide on how to become an entrepreneur. Come Up with a Good Idea. Most businesses start with one

Most of us may need to go to a bank or financial institution for a loan at some point in life. Having dreams and wishes is important, but they come at a price. Generally, there are two types of these costs, time, and money. Whether buying a new home, a new vehicle or planning a trip abroad, it all costs a lot of money. Let's say you need a loan to accomplish something you've been planning for a long time. Unexpected expenses put the brakes on your savings plan. Well, that is where the financial support comes in. The majority of people appreciate the importance of financial health. Financial problems can be a source of enormous stress, but knowing how to manage your money, live within your means, and stay relatively debt-free can positively affect your physical and emotional well-being. Financial wellness involves building and maintaining good credit, and its advantages go beyond just borrowing. A strong credit score in a credit report and reflected in your credit rating demonstrates your financial responsibility. It affects your ability to: Secure educational, home, and auto loans