July home sales break 4-month losing streak as supply rises nearly 20%
A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. Justin Sullivan | Getty Images Closed sales of previously owned homes …
Mortgages
Brits snap up lower mortgages as BOE cut boosts market
Richard Newstead | Moment | Getty Images LONDON — Britain’s biggest high street lenders are continuing to slash borrowing costs after the Bank of England’s first interest rate cut in four years …
This startup will sell methane-eating microbes to Whole Foods
Much energy and effort is spent on reducing carbon emissions in the fight against global warming, but methane, while less abundant, is more destructive to the planet. It is far …
Mortgage refinancing surges by most since 2020 on lower rates – Daily News
By Vince Golle | Bloomberg US mortgage refinancing surged last week by the most since the early days of the pandemic, as borrowing costs continued to drift lower. The Mortgage …
June home sales slump, pointing to a buyer’s market
A home is offered for sale on March 22, 2024 in Chicago, Illinois. Scott Olson | Getty Images Sales of previously owned homes dropped 5.4% in June compared with May, …
Australia’s central bank says current policy causes households pain
Australia’s central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out further tightening …
Housing affordability deteriorates as prices, mortgage rates stay high
Home prices set another record in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today’s housing …
How Wall Street is playing fixed income in the second half of the year
Fixed-income investors may want to consider making a few tweaks to their portfolio as the second half of the year gets underway. Despite earlier predictions of multiple interest rate cuts …
Home prices hit record high in May as sales stall
Sales of previously owned homes are sitting at a 30-year low and didn’t move much in May as prices hit a new record and mortgage rates remain high. So-called existing …
U.S. inflation eased in May, signaling that an early-year price uptick has passed
U.S. inflation eased last month in a hopeful sign that an uptick in prices from earlier this year may have passed. The trend, if it holds, could move the Federal Reserve …