In Detroit, home prices were half of what they are now as recently as 2019. High inflation, interest rates and a shortage of supply has driven up house prices. The cost of an average home in the US has effectively doubled in the last decade
Inflation is on the rise again, but according to recent trade data, so are Chinese imports to the US, showing a strong consumer economy.
David Koch, the former host of Sunrise who is now Compare the Market's economic director, has issued a warning to mortgage holders tempted by the prospect of a lower home loan rate.
The typical home value in the United States was $349,216 in February, 4.2% higher than the year before.
A list of cities with the fastest-growing home prices in Massachusetts using data from Zillow.
New home construction in the US slowed last month as a leveling off in interest rates has given way to a lull in housing demand and caution among builders.
Nearly all crime, including violent and property offenses, was down ‘a considerable amount’ in 2023 compared with 2022Homicides in major US cities are falling at likely “one of the fastest rates of decline ever recorded”, a crime analysis has found.Jeff Asher of AH Datalytics, a New Orleans-based data-analytics company focused on criminal justice, education and the non-profit sector, discussed that finding with the Wall Street Journal on Monday after combing through quarterly data recently...
(Bloomberg) -- Treasury yields soared, reaching new year-to-date highs, as data showing consumer prices rose more than estimated in March prompted investors to abandon wagers on more than two Federal Reserve interest-rate cuts this year.Most Read from BloombergUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsBond Trader Places Record Futures Bet on Eve of Inflation DataChinese Cement Maker Halted After 99% Crash in 15 MinutesApple’s India iPhone Output Hits $14 Billion in China...
Treasury yields soared, reaching new year-to-date highs, as data showing consumer prices rose more than estimated in March prompted investors to abandon wagers on more than two Federal Reserve interest-rate cuts this year.
Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months. The average rate on a 30-year mortgage rose to 7.1% from 6.88% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate […]
LOS ANGELES (AP) — Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months. The average rate on a 30-year mortgage rose to 7.1% from 6.88% last week, mortgage buyer Freddie Mac said Thursday. A […]
U.S. producer prices rose rose in March from a year earlier at the fastest pace in nearly a year, but the gain was less than economists expected. The Labor Department said Thursday that its producer price index — which measures inflationary pressure before it reaches consumers — rose 2.1% last month from March 2023 , biggest year-over-year jump since April 2023. The slightly better-than-expected producer price reading came as something of a relief, arriving a day after the Labor Department...