Month: October 2023

Chris Wattie | Reuters The Federal Reserve is expected to announce it will leave rates unchanged at the end of its two-day meeting next week, even though the central bank’s preferred inflation indicator remains well above the 2% target rate. Late last month, Fed Chair Jerome Powell said ”inflation is still too high,” raising expectations that another rate hike may
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Residential buildings in Hong Kong, China on October 23, 2023. Vernon Yuen | Nurphoto | Getty Images Hong Kong’s leader John Lee this week eased the city’s decade-old residential property cooling measures — but questions remain on whether it’s enough to boost market sentiment and low transaction volumes for the private housing sector. “Although relaxation
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A townhouse for sale in the Upper East Side neighborhood of New York City. Adam Jeffery | CNBC Mortgage demand has essentially stalled at the slowest pace since 1995 as mortgage interest rates continue to rise. Total application volume dropped 1% last week compared to the previous week, according to the Mortgage Bankers Association’s seasonally
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Sales of new US single-family homes surged in September, boosted by a chronic shortage of previously owned houses — despite mortgage rates approaching 8%. New home sales rebounded 12.3% to a seasonally adjusted annual rate of 759,000 units last month, the Commerce Department said Wednesday. It was the highest level since February 2022. August’s sales pace was revised up to 676,000 units from the previously reported 675,000 units. Economists
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When it comes to house hunting, real estate professionals often stumble upon peculiar features that leave potential buyers and online audiences buzzing with mixed opinions. Haley E. Patterson, a real estate agent in the Tampa Bay area, recently uncovered one such unconventional bathroom discovery in a Florida home, sparking a spirited debate among viewers. In
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In this article US10Y Follow your favorite stocksCREATE FREE ACCOUNT The yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years on Thursday, causing a ripple effect that could raise rates on mortgages, student debt, auto loans and more. After Federal Reserve Chair Jerome Powell said ”inflation is still too high,” expectations that the U.S.
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