Why are less houses being sold in the U.S.?

Published

2 years ago

August 24, 2022

Sales of new U.S. homes plunged in July as many say the mortgage rates are too high and affordability has greatly decreased

The July numbers represent a 6-1/2-year low in the U.S.

The report from the Commerce Department says that the Federal Reserve’s aggressive monetary policies that aimed to slow down the economy to ease inflation is working, but house prices remain high.

And according to Reuters, this is due to a critical shortage of previously owned properties, also adding that a total collapse is unlikley.

How about mortgage rates?

Mortagage rates generally move in liason with U.S treasury yields- they’vr greatly increased to 5.13%, moving up from 3.22% at the start of the year.

Even though demand has dropped, house prices still remain stable.

The average house price in July was $439,400 dollars, that’s an 8.2% jump from the same period last year.

All in all, it is the post-pandemic recovery period for many economies, and these latest figures seem to be similar to other from around the world.

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

6 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

7 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending