Stock Market Today: Dow Rises; S&P 500 Chases Record High; Apple, Microsoft, and Other Movers; Treasury Yields ... - Barron's

Declining mortgage rates and a double-digit increase in new listings are bringing house hunters off the sidelines, with pending sales posting their smallest decline in about 20 months, Redfin says.

U.S. pending home sales dropped 4% year over year during the four weeks ending Dec. 24, the smallest decline since March 2022.

As of Wednesday, the daily average 30-year fixed mortgage rate was 6.61%, the lowest it's been since May.

Mortgage-purchase applications were down 1% from a week earlier, but up 7% from a month ago.

As of Dec. 24, the median sale price for homes was $364,250, up 4.5% from last year.

Adblock test (Why?)



from "market" - Google News https://ift.tt/AgxjImb
via IFTTT

Comments

Post a Comment

Popular posts from this blog

After street vendor crackdown, Corona Plaza market is a changed place - Gothamist

Image
The stretch of pavement in Queens where Liliana Sanchez used to sell aguas frescas has been empty since city sanitation police forced her to pack up her pop-up tent canopy. Her 16-year-old daughter now spends school nights and weekends busing tables to help pay rent. Across the street from Corona Plaza, sales at Alondra Cardoso’s hair salon have dipped 30%, or some $200 to $300 dollars a week, since the clientele from the former street vendor market no longer venture into her shop. Delivery worker Jorge Marin, 35, now orders breakfast from a bakery at a nearby intersection. He used to load up on tamales and yogurt and steaming cups of champurrado at the market, which expanded during the height of the pandemic. Now, at the bakery, he said he spends more for less. “It’s been dead,” Queens Borough President Donovan Richards said of the plaza since the vendors’ departure. “It’s taken the life out of the community.” The scene on a recent day in Corona Plaza, Queens, where a crack
Read more

Consumer Price Inflation, by Type of Good or Service (2000-2022) - Visual Capitalist

Image
Published 1 day ago on February 22, 2023 Consumer Price Inflation, by Type of Good or Service (2000-2022) The Consumer Price Index (CPI) provides a steady indication of how inflation is affecting the economy. This big picture number is useful for policymakers and professionals in the financial sector, but most people experience inflation at the cash register or checkout screen. Since the start of the 21st century, U.S. consumers have seen a divergence of price movements across various categories. Nowhere is this better illustrated than on this chart concept thought up by AEI’s Mark J. Perry . It’s sometimes referred to as the “chart of the century” because it provides such a clear and impactful jump-off point to discuss a number of economic forces. The punchline is that many consumer goods—particularly those that were easily outsourced—saw price drops, while key “non-tradable” categories saw massive increases. We’ll look at both situations in more detail below. Race
Read more