Home prices accelerated in November, Case-Shiller shows

  • January 30, 2018
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  • realestatelife

The S&P/Case-Shiller 20-city index rose a seasonally adjusted 0.7% in the three-month period ending in November compared to the same period ending in October, and was up 6.4% compared to a year before. The national index rose a seasonally adjusted 0.7% for the month, and 6.2% for the year.

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10-year Treasury yield trades above 2.7%, highest since April 2014

  • January 29, 2018
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  • realestatelife

The yield on the 10-year Treasury note rose above 2.7% on Monday, adding to a persistent climb in yields for U.S. government paper on expectations of increased interest rates, an upbeat economic outlook and anticipation of greater issuance of government bonds.

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Consumer spending hits 6-year high — as Americans cut savings to 12-year low

  • January 29, 2018
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  • realestatelife

Consumer spending climbed 0.4% in December, capping off the biggest increase in household buying since 2011. Economists had forecast a 0.5% increase.  Americans were able to spend more last year partly because of rising incomes. They rose 0.4% in December and advanced 3.1% for the full year, the largest increase since 2015. Yet households drew

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Fed’s preferred inflation gauge climbs in June, holding near 40-year high

  • July 29, 2022
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  • realestatelife

The Federal Reserve’s preferred inflation gauge accelerated more than expected in June, according to new data released on Friday, a worrisome sign as central bankers try to combat higher prices with the steepest interest rate hikes in decades. The personal consumption expenditures index showed that core prices, which strips out the more volatile measurements of

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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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