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Homebuyers are staying on the sidelines as housing prices hit record levels and homebuilding and rental supply isn’t keeping up with the demand. Home prices neared their all-time high last month, eclipsing $400,000 for only the third time on record. Rising prices, mortgage rates push monthly payments to all-time high: report This is due largely to…
Prices have cooled in the once red-hot housing market, but competition is heating up between two generations in seemingly perpetual conflict. Millennials entering their prime homebuying years and baby boomers — many of whom are nearing retirement age — are vying for the same homes. A look ahead: Fed hikes and default fears: Here’s what…
Homebuyers and renters alike could feel relief later this year as home prices stabilize, mortgage rates decline and rent price growth continues to slow. Economists expect the Federal Reserve to pause rate hikes for a time while it observes incoming economic data, some stemming from the banking crisis that led to tightened lending. This could…
A new study analyzing Zillow data has found that the monthly median sale price of a house last year was over $500,000 in Utah, California and Colorado — and over a staggering $800,000 in Hawaii. The study, conducted by Studio City realtors, found that Hawaii clocked in as the most expensive state in the U.S….
Here are the industries that added the most jobs in October — and the ones falling behind The U.S. economy gained 261,000 jobs in October, the Labor Department reported Friday. The latest figure is down slightly from September but still well above economists’ predictions of a 190,000-job gain. Despite high inflation, rising interest rates, slowing…
Why the GDP rebound isn’t soothing recession concerns U.S. economic growth rebounded sharply during the third quarter, according to data released by the Commerce Department on Thursday, rising at an annualized rate of 2.6 percent and proving that the U.S. has avoided a recession thus far. But beneath a strong headline number were several warning…
“#How real estate markets across Canada have become as heated as Toronto and Vancouver” It would keep happening, even though Louise Haehnel knew resisting her tendency to daydream would prevent more heartbreak. She and her husband, James, would view a house listed in Oshawa, Ont., or further afield. And she’d begin to imagine: the sofa…
“#Charts to watch in 2021: The most important Canadian economic graphs for the year ahead” When it came time to compile this year’s collection of charts to watch, our seventh annual year-end chartstravaganza, it was obvious the elephant in the room would be 0.125 microns in size. COVID-19 has left its mark on every facet…