U.S. existing home sales fell more than expected in June as the median house price set another record high.
Read More Record house prices depress US home sales in June
Tag: Mortgage Rates
US new home sales slump to six-month low in May
Sales of new U.S. single-family homes dropped to a six-month low in May as a jump in mortgage rates weighed on demand.
Read More US new home sales slump to six-month low in May
US consumer confidence retreats slightly; house prices remain elevated
The mixed survey also showed consumers’ perceived likelihood of a recession over the next 12 months retreated this month.
Read More US consumer confidence retreats slightly; house prices remain elevated
Home Sales Drop For Third Straight Month, Prices Hit Record High
For the third straight month, sales of previously occupied U.S. homes fell in May as increasing mortgage rates and record-high prices discourage many potential homebuyers during what’s typically the housing market’s busiest period of the year.
Read More Home Sales Drop For Third Straight Month, Prices Hit Record High
S&P 500 notches record high as Nvidia rally continues
The benchmark S&P 500 touched a record high on Thursday, boosted by strong gains in Nvidia.
Read More S&P 500 notches record high as Nvidia rally continues
US home sales crumble in May on higher rates and record prices, says Redfin
U.S. home sales in May fell to among the lowest levels in the past decade as both demand and supply remained sluggish in a high-mortgage rate environment.
Read More US home sales crumble in May on higher rates and record prices, says Redfin