Tag: Breaking News: Economy
Mortgage demand recovers slightly, despite rising rates
A "For Sale" sign outside of a home in Atlanta, Georgia, on Friday, Feb. 17, 2023.Dustin Chambers | Bloomberg | Getty ImagesAfter dropping to a 28-yea [...]
Mortgage demand falls as interest rates rise
Mortgage rates moved higher again last week, pushing buyers back to the sidelines just as the spring housing market is supposed to be heating up.Mortg [...]
Mortgage demand falls again even as interest rates sink further
A "For Sale" sign in front of a home in Sacramento, California, on Monday, Dec. 5, 2022.David Paul Morris | Bloomberg | Getty ImagesLower mortgage rat [...]
Home sales fell for ninth straight month in October
A 'For Sale' sign is posted in front of a single family home on October 27, 2022 in Hollywood, Florida.Joe Raedle | Getty ImagesHome sales declined fo [...]
Pending home sales fell 10% in September from August
Pending home sales, a measure of signed contracts on existing homes, dropped a much worse-than-expected 10.2% in September from August, according to t [...]
Retail sales September 2022:
Customers shop at the GU Co. store in the SoHo neighborhood of New York, US, on Friday, Oct. 7, 2022.Gabby Jones | Bloomberg | Getty ImagesConsumer sp [...]
Pimco’s Ivascyn sees a mild recession ahead and several investing opportunities
Dan Ivascyn, PIMCO, at CNBC's Delivering Alpha, Sept. 28, 2022.Scott Mlyn | CNBCThe U.S. is likely headed toward a recession but there's a chance for [...]
Retail sales August 2022:
Retail sales numbers were better than expected in August as price increases across a multitude of sectors offset a considerable drop in gas station re [...]
Home prices fall for the first time in three years, biggest drop since 2011
Home prices declined 0.77% from June to July, the first monthly fall in nearly three years, according to Black Knight, a mortgage software, data and a [...]
Little changed amid fall in gas prices and drop in auto sales
Retail activity was flat in July as falling fuel prices held back gas station sales and consumers turned more heavily to online shopping, the Census B [...]
Mortgage demand drops to lowest level in 22 years
The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers.Mortgage demand fell more than [...]
Sales rose more than expected in June as consumers remain resilient despite inflation
A pedestrian carries a shopping bag while walking through Union Square on May 17, 2022 in San Francisco, California.Justin Sullivan | Getty ImagesCons [...]
Sales of existing homes fell in May, and more declines are expected
Sales of existing homes in May dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units, according to the National Association of R [...]
Unexpected 0.3% decline, hammered by inflation
Retail sales turned negative in May as consumers pulled back spending while inflation surged, the Commerce Department reported Wednesday.Advance retai [...]
Disney fires TV content chief Peter Rice in abrupt shakeup
Peter Rice, then-chairman and chief executive officer of Fox Networks Group Inc., speaks at the Milken Institute Global Conference in Beverly Hills, C [...]