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  • Homes Sales, Economic Indicators Fall in March as Economy Shows Sign of Stalling | Economy
    Economy News

    Homes Sales, Economic Indicators Fall in March as Economy Shows Sign of Stalling | Economy

    April 21, 2023 /

    Revenue of current properties fell by 2.4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in March, reversing some of February’s sturdy rise, although costs also fell, suggesting that greater house loan rates and a slowing economic system are impacting the housing industry as it enters the important spring advertising season. The Nationwide Affiliation of Realtors mentioned in its month-to-month report unveiled on Thursday that revenue declined in all geographic areas besides in the Northeast wherever they held constant. In general, profits are down 22{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from a calendar year in the past to a annually charge of 4.44 million. The median rate fell by .9{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from a calendar year back to $375,700, largely due to the fact of…

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    Francis McGee Comments Off on Homes Sales, Economic Indicators Fall in March as Economy Shows Sign of Stalling | Economy

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    Recession risks re-ignited by banking crisis: Economy news

    Recession risks re-ignited by banking crisis: Economy news

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  • Leading Indicators Fall Again in February, Signaling Recession on the Horizon | Economy
    Economy News

    Leading Indicators Fall Again in February, Signaling Recession on the Horizon | Economy

    March 18, 2023 /

    The Convention Board’s index of primary indicators, a broadly followed gauge of long run economic activity, fell in February by .3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, the 11th consecutive month to month drop. The index is now down 3.6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} around the previous six months subsequent a 3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} fall in the prior six months. “The LEI for the US fell yet again in February, marking its eleventh consecutive monthly decline,” reported Justyna Zabinska-La Monica, senior supervisor, company cycle indicators, at the organization group. “Negative or flat contributions from eight of the index’s 10 components more than offset increasing stock rates and a superior-than-envisioned looking at for household making permits.” “While the charge of month-over-month declines in…

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    Francis McGee Comments Off on Leading Indicators Fall Again in February, Signaling Recession on the Horizon | Economy

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    February 14, 2023
    The job market is cooling, hit by higher rates and a slower economy : NPR

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    April 8, 2023
    Will the Markets and the Economy be Thankful This Week? | Economy

    Will the Markets and the Economy be Thankful This Week? | Economy

    November 22, 2022
  • Existing Homes Fall Again in October, Leading Indicators Signal Economic Downturn | Economy
    Economy News

    Existing Homes Fall Again in October, Leading Indicators Signal Economic Downturn | Economy

    November 21, 2022 /

    Profits of existing households fell in October for the ninth straight thirty day period, down 5.9{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from a thirty day period previously as prospective buyers faced mortgage loan costs that have doubled in the previous year, the Nationwide Association of Realtors reported on Friday. Profits, at an annual rate of 4.43 million, are now 28.4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} underneath a yr back. The median price, however, is even now 6.6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from its 2021 amount. “More likely homebuyers have been squeezed out from qualifying for a mortgage in October as home loan rates climbed larger,” explained NAR Main Economist Lawrence Yun. “The impact is increased in pricey regions of the country and in marketplaces…

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    Francis McGee Comments Off on Existing Homes Fall Again in October, Leading Indicators Signal Economic Downturn | Economy

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    October 2, 2022
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    December 28, 2022
    Biden touts job growth and slowing inflation rates in speech on economy

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