Newsfeed: ‘Great News’ Jobs Reports Sparks Selloff In Bonds, Stocks, & Gold
The massive beat in the payrolls print has removed any hopes of a Fed Pivot and sent rate-hike expectations soaring…
The massive beat in the payrolls print has removed any hopes of a Fed Pivot and sent rate-hike expectations soaring…
The U.S. labor market remained red-hot in July despite expectations job growth would cool as tighter monetary conditions and company layoffs stoked fears of a recession.
More than two years after the virus pandemic upended the world of work, signs of distress in commercial real estate markets are emerging. The world is transitioning from an artificial landscape of ultra-accommodative monetary and fiscal stimuli that inflated returns to an environment where the federal government and the Federal Reserve tighten financial conditions.
Rising mortgage rates and inflation in the wider economy caused housing demand to drop sharply in June, forcing home prices to cool down.
Depending on where you live, owning a home may seem like a far off dream or it could be fairly realistic. In New York City, for example, a person needs to be making at least six figures to buy a home, but in Cleveland you could do it with just over $45,000 a year.
Existing home sales showed a 5.4% decline in June from May, but prices remain elevated, according to the National Association of Realtors. The median sale price of existing homes in the U.S. set a new record high of $416,000 in June, marking a 13.4% increase from a year ago.
When it comes to markets, Florida is SO hot right now … And we’re not talking about the weather. Between population growth, a healthy job market, high rental demand, quality of life, and landlord-friendly policies … There’s a lot for investors to like about the sunshine state right now.
Just one day after the Federal Reserve raised its benchmark rate, mortgage rates took a sharp turn lower.
Home sellers slashed prices in June in areas that were red-hot earlier in the pandemic, according to Realtor.com.
Analysts expected Case-Shiller Home Price acceleration to slow modestly in May (the latest available data in this heavily lagged and smoothed data set) and they were right but the slowdown is still almost comedic.