Shares of Redfin Corp. fell after hours on Wednesday, as the residential real-estate brokerage braced for what it said was a housing-market slump that could extend through at least next Read more
Tag: Downturn
Fed shouldn’t back off rate hikes for fear of a downturn, Barkin says
The Federal Reserve shouldn’t stop raising interest rates for fear of a recession, said Richmond Fed President Thomas Barkin on Wednesday. “If there is one thing we learned in the Read more
12 real-estate stocks you can buy on the cheap now that can weather the big housing downturn
It’s a mega earnings day, with some big names, especially on the tech side, rolling out. We’ll also get some housing data, with the state of that market a hot-button Read more
Flash PMI data show U.S. economic downturn ‘gathering significant momentum’ in October, says S&P Global
The numbers: The S&P Global U.S. manufacturing sector rose slightly to 50.7 in October from 50.6 in the prior month, based on a “flash” survey. The flash U.S. services sector Read more
Flash PMI data show U.S. economic downturn ‘gathering significant momentum’ in October, says S&P Global
The numbers: The S&P Global U.S. manufacturing sector rose slightly to 50.7 in October from 50.6 in the prior month, based on a “flash” survey. The flash U.S. services sector Read more
U.S. existing-home sales fall again as housing downturn gathers steam
The numbers: U.S. existing-home sales fell 1.5% to a seasonally adjusted annual rate of 4.71 million in September, the National Association of Realtors said Wednesday. This is the eighth straight Read more
U.S. existing-home sales fall again as housing downturn gathers steam
The numbers: U.S. existing-home sales fell 1.5% to a seasonally adjusted annual rate of 4.71 million in September, the National Association of Realtors said Wednesday. This is the eighth straight Read more
These 5 charts show the depth and seriousness of the U.S. housing downturn. Expect a ‘further weakening in demand.’
The U.S. housing market has been pushed into a recession, helped by pandemic-era prices and mortgage rates now surpassing 7%. “The headwind from higher mortgage rates has already been visible Read more
Opinion: Micron earnings suggest the chip downturn could be worse than Wall Street expects
Micron Technology Inc. executives warned about a semiconductor downturn in late June, but now say that a “sharp and sudden” drop in demand exceeded even those expectations, suggesting the current Read more
Fed’s Collins says economy will slow but a ‘significant downturn’ is avoidable
The fact that the Federal Reserve needs to slow demand in order to transition the economy to a more sustainable path does raise concerns about the possibility of a significant Read more