Tag: U.S. Economy
Mortgage demand slips despite drop in interest rates
House for sale with "For Sale" real estate sign in yard in spring or summer season. No people.Fstop123 | E+ | Getty ImagesMortgage demand fell last we [...]
Care Bears have easier time getting to U.S. from China
Business is largely back to normal along the global supply chain, including where it all begins for the Care Bear: the factory floor in China.Anward S [...]
Manhattan rents fall for first time in over two years
A view of clouds over Manhattan skyline in New York, United States on August 08, 2023. (Photo by Fatih Aktas/Anadolu Agency via Getty Images)Anadolu A [...]
Mortgage refinance demand jumps after rates drop
An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, Cali [...]
Mortgage refinance demand jumps as rates fall
Homes in Hercules, California, US.Bloomberg | Bloomberg | Getty ImagesAfter surging over 8% in October, mortgage rates are falling back toward 7% agai [...]
Home prices rose in September even as mortgage rates surged
A townhouse for sale in the Upper East Side neighborhood of NYC.Adam Jeffery | CNBCHigher mortgage rates appear to be doing very little to cool home p [...]
Homebuilder sentiment drops to lowest point in a year
High mortgage rates continue to weigh on the nation's homebuilders, leading to an increase in price cuts to lure buyers. But builders are cautiously o [...]
Next global financial crisis is not ahead: UBS U.S. chief economist
Despite indicators like U.S. credit card debt pointing toward financial and economic pressures, another global financial crash is not imminent, UBS ch [...]
Thanksgiving dinner, turkey are cheaper this year
A shopper walks past turkeys displayed for sale in a grocery store ahead of the Thanksgiving holiday on November 11, 2021 in Los Angeles, California.M [...]
Adjustable-rate mortgage demand jumps as buyers struggle
A house is for sale in Arlington, Virginia, July 13, 2023.Saul Loeb | AFP | Getty ImagesAs mortgage rates hover near the highest level in more than tw [...]
‘The bond vigilante is coming back,’ UBS strategist says
The bond vigilantes are coming back as investors continue to sell amid the prospect of higher-for-longer interest rates and a growing fiscal deficit, [...]
Housing market is painful, ugly, anxious with 8% high rate
Today's housing market is a toxic mix of high mortgage rates, high prices, tight supply and strangely strong pent-up demand — and it's scaring off buy [...]
Architects report big drop in business
Construction workers erect a building in downtown Miami, Florida, on June 14, 2023. Jim Watson | AFP | Getty ImagesArchitecture firms reported a sharp [...]
Homebuilder sentiment drops to 10-month low, as mortgage rates soar
A contractor works on a new home under construction in Tucson, Arizona, on Tuesday, Feb. 22, 2022.Rebecca Noble | Bloomberg | Getty ImagesBuilder conf [...]
Dollar General stock jumps after it brings back former CEO
The exterior of a Dollar General convenience store is seen in Austin, Texas, on March 16, 2023.Brandon Bell | Getty ImagesDollar General's former CEO [...]