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"For Rent, For Sale" sign is seen outside of a home in Washington, U.S

Paige Fusco

Home sales slow down as mortgage rates bite

High mortgage rates are causing real-estate slowdowns in both the United States and Canada, raising worries about the broader economic impact – as well as hopes that central banks will stop hiking rates.

The number of existing home sales in the United States in August was the lowest since January, and the September numbers are expected to be lower still. The Wall Street Journal reports that sales are likely at a level not seen since the end of the 2008-2011 financial crisis.

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Insurance companies are feeling the heat of climate crisis
Insurance companies are feeling the heat of climate crisis | GZERO Media

Insurance companies are feeling the heat of climate crisis

To understand how bad the problem of climate change has become, it helps to follow the money.

On GZERO World, Ian Bremmer breaks down the impact of climate change on property insurance premiums, which effectively quantifies the growing risk of catastrophic weather events. Last year alone, extreme weather damage cost the world a staggering $165 billion. Formerly once-in-a-generation weather events like the California wildfires of 2017 or Hurricane Harvey in 2018 are becoming more and more common, leading to devastating financial consequences for homeowners and hikes in insurance premiums.

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Paige Fusco

The Graphic Truth: America's racial wealth gap

Juneteenth celebrates June 19, 1865, the day Confederate slaves were emancipated a month after the US Civil War ended. But many of the effects of slavery — and of the subsequent Jim Crow laws — are still being felt today. Generations later, a glaring racial wealth gap remains between white and Black average household income and access to credit. What's more, laws such as the Fair Housing Act that eliminated redlining, have failed to significantly narrow the divide between white and Black homeownership and average home value. We take a look at a few of these indicators from today and over recent decades.

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