Personal income increased 0.3%, or $75.1 billion, in July, the Commerce Department said today. The personal savings rate—a percentage of disposable personal income—was 2.9%. Meanwhile, personal consumption expenditures increased 0.5%, or $103.8 billion.
Treasury proposes rule to bar large institutional investment in single-family homes
A large institutional investor is defined as an investor that has direct or indirect control over at least 350 homes. Penalties for violating the law can range from $1 million to three times the purchase price of the...









