Home sellers are hopeful that lower mortgage rates will attract buyers, per WSJ. Daniel and Kyla Seely, a couple who listed their three-bedroom home in Newark, Ohio, in November for $324,900, are in this category. The Seelys have had no offers so far and are hopeful that declining mortgage rates will turn things around.
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Before artificial intelligence supercharges global productivity, governments will have to deal with an unfortunate reality: The long-awaited economic windfall may be years away, while the bills are coming due now.
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