Housing

US home sales plunged to lowest level since 2010
US Federal Reserve’s fastest interest rate-hiking cycle since the 1980s has pushed housing into recession.
Published On 20 Jan 2023
US unemployment claims fall unexpectedly, housing remains tight
Solid job growth and a tight labour market poured cold water on hopes that the US Fed would pause hiking interest rates.
Published On 19 Jan 2023
Why is Canada banning foreign homebuyers?
Canada says new law aims to make housing more affordable but experts say other measures would better reduce high costs.
Published On 6 Jan 2023
US housing market slump deepens for 10th month in November
Excluding sharp drop at pandemic start, home sales are now at their slowest annual pace since November 2010.
Published On 21 Dec 2022

Consumer prices saw the slowest increase in 15 months, paving way for lower interest rate hikes.

Airbnb units in the city’s central areas can list for eight times the price of long-term rentals, pushing out locals.

Outlook was, however, darkened by news that manufacturing activity contracted in November for first time in 2.5 years.

Existing home sales dropped 5.9 percent last month, the lowest level since December 2011 outside initial pandemic days.

Widespread layoffs remain low despite a surge in technology-sector job cuts on fears of an upcoming recession.

The key 30-year mortgage rate jumped to 7.08 percent this week, sharply curtailing demand.

The housing market continues to absorb the hardest hit from the US Fed’s rapid increase in interest rates.

US state has set aside billions of dollars for new housing projects as many students are pushed into homelessness.

As rents and homelessness rise in New Orleans, Jessica and Terry find a home -and new living challenges.

Inflation is on the minds of American voters as they head to the polls next month to decide who will control Congress.

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