Purchases of new single-family homes declined considerably in June as a combination of high prices and rising mortgage rates pushed potential homebuyers out of the market.
moves to tighten policy at the fastest pace in three decades in order to cool consumer demand and bring scorching-hot inflation under control. Policymakers already approved a 75-basis point rate increase in June and are expected to approve another of that magnitude on Wednesday at the conclusion of their two-day, policy-setting meeting. – the most popular among new homeowners – climbed to nearly 6% in June, though they've since moderated.
WASHINGTON, April 29, 2020.A man wearing a mask walks past the U.S. Federal Reserve building in Washington D.C., the United States, on April 29, 2020.Combined with high home prices, the rapid rise in borrowing costs has pushed many entry-level homebuyers out of the market.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
U.S. new home sales fall in June to the lowest level since the pandemicNew home sales fell 8.1% to 590,000 in June, according to the Commerce Department.
Weiterlesen »
At world championships, U.S. dominance on track, U.S. fan apathy offDespite a number of impressive performances, there’s a belief in the track community that the U.S. still has a long way to go as a host.
Weiterlesen »
It's been 13 years since the U.S. raised the minimum wageFederal wage floor of $7.25 an hour hasn't risen since July 24, 2009, in the depths of the Great Recession.
Weiterlesen »
Titan Books celebrates 20 years of 'Firefly' with novel 'What Makes Us Mighty'Captain Mal and the Serenity gang makes a dangerous delivery to the planet Kerry.
Weiterlesen »
What Stoicism Still Has to Teach UsMore than 2,000 years old, Stoic philosophy still offers lessons for well-being in the modern world, explains NeelBurton
Weiterlesen »
CDC: First 2 Monkeypox Cases In Children In U.S., Outbreak Count Reaches 2,891The World Health Organization (WHO) has also declared the monkeypox outbreak a public health emergency of international concern (PHEIC).
Weiterlesen »