U.S home prices climbed 6.3 percent in June from a year earlier, as affordability is becoming a greater obstacle for would-be buyers. The S&P CoreLogic Case-Shiller 20-city home-price index rose at a slightly slower pace than the 6.5 percent annual ...
Read More »Home sales fall 0.7 percent, 4th straight monthly decline
U.S. sales of existing homes slipped for the fourth consecutive month, declining 0.7 percent in July to the slowest pace in more than two years as the real estate market shows signs of cooling. The National Association of Realtors said ...
Read More »Consumer prices up 2.9 pct, leaving Americans worse off
Consumer prices climbed 2.9 percent in July from a year earlier, a rate of inflation that suggests Americans are earning less than a year ago despite an otherwise solid economy. The Labor Department said Friday that the consumer price index ...
Read More »Jobs boom favors Democratic counties, not Trump strongholds
The United States is on pace to add about 2.6 million jobs this year under President Donald Trump’s watch. Yet the bulk of the hiring has occurred in bastions of Democratic voters rather than in the Republican counties that put ...
Read More »US pending home sales rose 0.9 percent in June
More Americans signed contracts to purchase homes in June compared to May, although the volume of pending sales has slipped in the past year. The National Association of Realtors said Monday that its pending-home-sales index rose 0.9 percent last month ...
Read More »US existing-home sales fell 0.6 percent in June
U.S. sales of existing homes fell 0.6 percent in June, the third straight monthly decline, as higher prices and a limited supply of listings have sidelined many would-be buyers. The National Association of Realtors said Monday that homes sold last ...
Read More »Average US 30-year mortgage rates fall to 4.52 percent
Long-term U.S. mortgage rates fell this week, offering a slight degree of relief to would-be homebuyers. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages dropped to 4.52 percent from 4.55 percent a week ago. ...
Read More »US new-home sales climbed 6.7 percent in May
Sales of new U.S. homes jumped 6.7 percent in May, with purchases in the South accounting for all of the monthly gains. The Commerce Department said Monday that new homes sold last month at a seasonally adjusted annual rate of ...
Read More »Why many Americans aren’t benefiting from robust US economy
“The economy,” Federal Reserve Chairman Jerome Powell declared this month, “is doing very well.” And it is. Steady hiring has shrunk unemployment to 3.8 percent — the lowest since the 1960’s. Consumers are spending. Taxes are down. Inflation is tame. ...
Read More »US home sales fell 0.4 percent in May amid inventory crunch
U.S. existing home sales slipped 0.4 percent in May, as the prolonged shortage of properties on the market is deterring home-buying. The National Association of Realtors said Wednesday that homes sold at a seasonally adjusted annual pace of 5.43 million ...
Read More »US housing starts jumped 5 pct. in May off Midwest building
A surge of construction in the Midwest drove U.S. housing starts up 5 percent in May from the prior month. The Commerce Department said Wednesday that housing starts rose to a seasonally adjusted annual rate of 1.35 million, the strongest ...
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