The numbers: Construction on new U.S. homes fell a seasonally adjusted 0.5% in November to 1.43 million, the Commerce Department said Tuesday. The drop in construction on homes follows the Read more
Tag: Real Estate/Property
Wages are up, but so are costs. Help us report on how that’s affecting you.
We want to hear from readers who have stories to share about the effects of increasing costs and a changing economy. If you’d like to share your experience, write to Read more
Housing starts drop 4.2% as high mortgage rates scare off home buyers
The numbers: Construction on new houses fell 4.2% in October as high mortgage rates scared off buyers and forced builders to scale back, a situation that’s likely to fester through 2023. Read more
‘The fever appears to be breaking’: High rents are still contributing to U.S. inflation, but growth is slowing
Inflation may be easing, but October’s 7.7% increase in the U.S. consumer-price index compared with a year earlier was still being driven largely by higher shelter costs. Consumer prices rose Read more
Beverly Hills mansion donated to charity by Jeff Bezos ex-wife MacKenzie Scott sells for $37 million
It was owned by Jeff Bezos, donated to charity by his philanthropist ex-wife MacKenzie Scott and now it’s been snapped up by a music executive. The recent history of this Beverly Read more
Tom Brady and Gisele Bündchen finalize divorce and begin life as South Florida neighbors
Gisele Bündchen and Tom Brady may have just finalized their divorce, but the erstwhile couple will remain in close proximity when in Florida. In fact, they’re practically going to be Read more
As mortgage rates dip below 7%, ‘millennials should jump at a 6% mortgage like bears grabbing for honey’
Mortgage rates took a slight dip below 7% after a better-than-expected economic report showed inflation was easing. One financial pro says the dip is an opportunity prospective homebuyers shouldn’t miss Read more
Home Depot earnings: Wall Street stays upbeat despite signs of weakening home improvement demand
Home Depot Inc. investors will soon learn the real story about what’s happening in the home improvement sector, as some others in the business have said demand is weakening while Read more
The median income needed to buy a typical home is over $88,000 — $40,000 more than prior to the pandemic
Home price growth in big cities has slowed, but not stalled, in the third quarter, according to a new report from the National Association of Realtors (NAR). The NAR, which Read more
With Senate results too close to call, food-aid programs for low-income Americans hang in the balance, and mortgage refinancing demand falls to lowest level since 2000
Hi, MarketWatchers. Don’t miss these top stories. With Senate results too close to call, food-aid programs for low-income Americans hang in the balance The farm bill determines everything from agricultural Read more