Consumer confidence in the housing market hits the lowest point in over a decade
KEY POINTS Consumer confidence in the housing market dropped to the lowest level since 2011, as both prospective buyers and sellers have become more pessimistic. Just 17% of those surveyed in July said now is a good time to buy a home, down from 20% in June, according to a monthly survey by Fannie M...
Single-family rental market shows little sign of cooling
SFR property rents are rising fast, with California and Florida markets leading the charge, new report shows Even as rising interest rates and housing prices have put homeownership further out of the reach of many individuals and families, demand for single-family rental (SFR) properties remains str...
A cooling housing market could slow even further in coming months
Further slowdown in home prices is possible when effects of the Fed’s rate hike kicks in: Black Knight June saw both record-low home price appreciation and the largest single-month increase of for-sale inventory in 12 years, resulting in a cool down in the housing market. And the housing mar...
US Economy Shrinks for a Second Quarter, Fueling Recession Fears
GDP dropped an annualized 0.9% in April to June period Consumer spending slowed on decrease in merchandise outlays The drumbeat of recession grew louder after the US economy shrank for a second straight quarter, as decades-high inflation undercut consumer spending and Federal Reserve interest-rate h...
Federal Reserve Raises Interest Rates By 0.75 Percentage Point; Dow, S&P 500 Finish Higher: Fed Meeting Today Live
Latest Developments The Federal Reserve on Wednesday raised its benchmark interest rate by three-quarters of a percentage point for the second straight meeting in an effort to tamp down inflation that’s been running at a four-decade high. U.S. stocks finished higher and Treasury yields sli...