Published by Breitbart News | October 3, 2022 Construction spending in the U.S. fell in August for the third straight month as the housing market dips deeper into a recession. Total construction spending dropped by seven-tenths of a percentage point compared with the prior month, data from the Commerce Department showed Monday. That followed a …
Construction Spending Falls For Third Straight Month Read More »
Published by Breitbart | September 27, 2022 Home prices fell in July compared with the previous month, according to the S&P CoreLogic Case-Shiller Index. This is the first national decline since 2012. Before seasonal adjustment, the U.S. National Index fell 0.3 percent month-over-month decrease in July, while the 10-City and 20-City composites both posted decreases of …
U.S. Home Prices Fall For First Time Since 2012, Largest Ever Deceleration Read More »
Published by FOX Business | September 24, 2022 Cincinnati saw the biggest jump among the 50 most populous metros Renters are facing higher costs as lease prices reached record highs in August. The national median asking rent climbed 11% year-over-year, though some areas saw increases more than double that. For instance, asking rents in Cincinnati, Ohio, …
Rent On The Rise: U.S. Markets Where Prices Rose Fastest In August Read More »
Published by Forbes.com | September 9, 2022 Tenants are wrestling with rent increases of 28% on average over the last three years. Sharon Greenfelt Kersten, a 70-year-old publicist, loved the $1,900-a-month Fort Lauderdale, Florida, two-bedroom rental house where she lived and worked. But in November 2021, her landlord told her he planned to raise the …
Published by CNBC | September 21, 2022 Sales of previously owned homes fell 0.4% in August from July to a seasonally adjusted annualized rate of 4.80 million units, according to the National Association of Realtors That is the slowest sales pace since May 2020, when activity stalled very briefly due to the start of the …
Existing Home Sales Fall in August, and Prices Soften Significantly Read More »
Published by Breitbart News | September 19, 2022 Builder sentiment fell for the ninth straight month in September as rising interest rates, supply chain disruptions, and high home price weighed on affordability. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released Monday fell three points to 46. Anything below 50 indicates that …
Published by FOX Business | September 16, 2022 Housing markets in the New York City and Chicago areas, in particular, were most vulnerable New Jersey, Illinois and inland California have the highest concentrations of the housing markets that are most vulnerable in an economic downturn due to high unemployment rates and low affordability, according to a …
These Housing Markets Are The Most Vulnerable In Recession Read More »
Published by FOX Business | September 13, 2022 One lumber distributor is paying over six times as much for plywood compared to three years ago Issaquah Cedar and Lumber, located just outside of Seattle, gets wood shipped in from Canada. During the COVID-19 pandemic, however, suppliers struggled with staffing shortages and stopped taking orders. With less supply, …
Supply Chain Issues Plaguing Lumber Distributors, Home Improvement Companies Read More »
Published by FOX Business | September 12, 2022 IRS: Most late-filing refunds will be issued by the end of September The Internal Revenue Service is sending refunds to more than a million Americans who filed their taxes late in the early days of the COVID-19 pandemic – but time is running out for taxpayers to collect …
IRS Refunding $1.2B in Late-Filing Penalties; Here’s How to Collect Read More »
Published by FOX Business | August 23, 2022 Rent prices across the country have been taking a significant bite out of consumer budgets with some renters getting hit particularly hard over the past year. Pamela Liebman, president and CEO of The Corcoran Group, discussed the real estate market on Tuesday, stressing that the sticker shock for rents …
High Mortgage Rates Are Driving People to Rentals, Tightening Supply Read More »
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