Home-price growth sizzles in May, driving a wedge in the market

  • July 5, 2017
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  • realestatelife

Nationally, prices rose 6.6% compared to a year ago, according to a home price index released Wednesday from data provider Core Logic. Prices rose 1.2% from April to May, the company also said. While that’s helping current owners, “for renters and potential first-time home buyers, it is not such a pretty picture

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US in a recession as GDP contracts for second consecutive quarter

  • July 28, 2022
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  • realestatelife

The U.S. economy shrank in the spring for the second consecutive quarter, meeting the criteria for a so-called technical recession as raging inflation and higher interest rates forced consumers and businesses to pull back on spending. Gross domestic product, the broadest measure of goods and services produced across the economy, shrank by 0.9% on an

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Fed might start balance-sheet drawdown in September, FOMC minutes hint

  • July 5, 2017
  • no comment
  • realestatelife

The Federal Reserve could trigger a long-awaited move to reduce its massive $4.5 trillion in debt holdings by September, a summary of the central bank’s last meeting suggest.

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