The U.S. housing market has experienced a significant downturn in inventory, reaching its lowest point in over a decade. According to a recent report by Redfin, the number of homes for sale in May fell by 7.1 percent compared to the previous year, reaching a seasonally adjusted total of 1.4 million homes. This alarming trend […]
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The Federal Reserve surprised many market observers by maintaining its benchmark interest rate at approximately 5.1%. This decision comes after ten consecutive rate hikes to combat the biting issue of high inflation. This move indicates the Fed’s confidence that the significant increase in borrowing costs has begun to tame inflation.However, the intrigue doesn’t end there. […]
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As we are seeing a significant shift in the real estate market dynamics, sellers and buyers need to buckle up and prepare for a tougher and more unforgiving marketplace. Data from the National Association of Realtors reveals a troubling trend – more than 60,000 agents have exited the sector over the last six months. This […]
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The National Association of Realtors comprehensive report offers intriguing insights into the demographics of home buyers in 2022. This data clearly portrays who bought houses last year, providing valuable clues about who’s likely to be active in the housing market this summer. Notably, homeownership isn’t restricted to any single age group or generation. Each bracket, […]
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The latest data from the Labor Department reveals that U.S. inflation slowed to its lowest level in almost two years in March. However, underlying price pressures persist, indicating that the Federal Reserve may consider another interest-rate increase at its May meeting. The consumer-price index, which measures the cost of goods and services paid by consumers, […]
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