Existing-home sales sagged for the sixth straight month in July, according to the National Association of REALTORS®. All four major U.S. regions recorded month-over-month and year-over-year sales declines.
Newsfeed: Existing-Home Sales Retreated 5.9% in July Read More »
The housing market is slowing as higher mortgage rates sideline many prospective homebuyers. With competition declining, the house hunters who are still in the market are enjoying newfound bargaining power, a striking contrast from just a few months ago, when buyers often had to pull out every stop in order to win.
Builder sentiment in the market for single-family homes fell into negative territory in August, as builders and buyers struggle with higher costs.
Newsfeed: Homebuilders say U.S. is in a ‘housing recession’ as sentiment turns negative Read More »
While Wall Street celebrated the slight cooling of inflation in July, Statista’s Felix Richter points out that the latest reading won’t be enough to ease the financial pressure on millions of households in the United States in face of rising costs of living.
Newsfeed: Where Americans Plan To Cut Back In Face Of Inflation Read More »
It sure is looking like the public pension ponzi is going to be even harder to sustain than over the last few years… That’s because data released by Wilshire Trust Universe Comparison Service this week showed that public pension funds fell a median 7.9% for the year ended June 30. It marks their “worst annual performance since 2009,” according to reporting by the Wall Street Journal.
Newsfeed: Pension Funds Suffer Worst Year Since 2009 Read More »
The growing rental crisis in the U.S. has shown no signs of stopping. That was the topic of a new Bloomberg report this week that highlighted the stories of numerous Americans struggling to meet their rental obligations.
Newsfeed: Rent Is Becoming A Crisis In The U.S. Read More »
While the annual pace of inflation in the United States eased slightly in July, a deeper dive into the numbers reveals that some of the categories that hit everyday Americans especially hard in the pocketbook have soared, with the price of groceries jumping to the highest level since 1979.
It was seven months ago today, when looking at the latest real-time rent data from the likes of Apartment List and Zillow, we highlighted to readers that the surge in rents has finally peaked as the annual rate of rental increases had capped out at 18% and when Owner-Equivalent Rent …
Newsfeed: Some More Good Inflation News: Owner-Equivalent Rents Are About To Peak Read More »
While economists expected another modest rise in inflation on a MoM basis (if far below the 1.3% surge in June), the headline US Consumer Price Inflation was expected to slow from +9.1% YoY to +8.7% YoY in July, but it actually slowed significantly more than expected to +8.5% Yoy (flat MoM), ending a 16-month streak of MoM gains.
Newsfeed: US Consumer Price Inflation Slows In July, Real Wages Continue To Tumble Read More »
Peak apartment rent growth is almost certainly now in the rearview mirror, as nearly all measures of rent growth showed deceleration between June and July. But that’s not to say it’s bargain shopping time, as rent growth remains elevated – and likely will throughout the remainder of 2022.
Newsfeed: As Expected, Apartment Rent Growth Moderates Slightly in July Read More »