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Newsfeed: U.S. Foreclosure Activity Sets Post Pandemic Highs in First Quarter of 2022

Newsfeed: U.S. Foreclosure Activity Sets Post Pandemic Highs in First Quarter of 2022

After dismal earnings by such mammoth retailers as Walmart, Targets and this morning’s “horror report” by Abercrombie and Fitch, on Tuesday afternoon we actually got a solid report by Nordstrom, which not only printed strong earnings but also hiked guidance sending the stock higher as much as 12%.

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Newsfeed: Multi-Family Unit Surge Sparks Rise in Housing Starts, Permits In March

Newsfeed: Multi-Family Unit Surge Sparks Rise in Housing Starts, Permits In March

As mortgage rates rise, homebuilder sentiment slips, and home sales weaken, analysts expected housing permits and starts to fall MoM in March but, thanks in part to downward revisions for Feb’s data, Housing Starts surprised with a +0.3% MoM rise (vs -1.6% MoM exp) and Permits up 0.4% MoM (vs -2.4% MoM exp)…

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Newsfeed: Grocery items with the greatest price change in March

Newsfeed: Grocery items with the greatest price change in March

The cost of groceries increased nearly 10% year-over-year and 1% since February, driven largely by a rise in prices of meat, poultry, fish, and eggs, according to Consumer Price Index data from the Bureau of Labor Statistics released Tuesday, April 12. The report was released amid the highest documented inflation in more than four decades.

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Newsfeed: Redfin: More sellers are cutting home prices as housing market demand begins to soften

Newsfeed: Redfin: More sellers are cutting home prices as housing market demand begins to soften

Federal Reserve Chair Jerome Powell abandoned his “transitory” inflation narrative months ago and has since steered the central bank toward its tried-and-true playbook for taming inflation: Raise interest rates until demand recedes and soaring price growth abates.

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