How the Federal Reserve rate cut could affect your finances
The Fed’s reduction of the federal funds rate is only one of many factors that affect the U.S. economy, but it can still trigger shifts that trickle down into Americans’ finances.
U.S. home sales rose in July, aided by low mortgage rates
Cheaper borrowing costs have enabled sales to rise 0.6% from a year ago, ending 16 consecutive months of annual sales declines.
Fewer homes affordable for middle-class buyers, analysis finds
In the past year, the availability of homes that a middle-class family could buy has declined in 86 percent of the largest metro areas, according to a Redfin analysis.
Home sales plummet 6.4 percent in December
For all of 2018, sales of existing homes fell 3.1 percent from a year ago to the weakest total since 2015.
Despite the recent uptick, home sales are still down from a year ago, hurt by rising interest rates.
U.S. sales of existing homes fell in January from a year earlier by the most in more than three years, and declined for a second consecutive month. Would-be buyers were stymied by rising prices and a shortage of homes for…
Signs of Recovery, Home Sales Paint a Better Fiscal Picture in the U.S.
Housing and the Foreclosure Crisis Are Missing From the Campaign Conversation…
Wall Street had a strong showing on Thursday, but the positive news was tempered by other economic readings showing declining home sales and rising claims for unemployment benefits. Jim Lehrer speaks with Greg Ip of The Economist for more.
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