New homes sales hit a two-year low, while prices soar nearly 20 percent
Sales of new US single-family homes tumbled to a two-year low in April likely as higher mortgage rates and soaring prices squeezed first-time buyers and those in search of entry-level properties ou…
see alsoThe Fed’s new moves could turn the housing market from boom to bustThe 30-year fixed-rate mortgage jumped above 5% in April for the first time since February 2011, according to data from mortgage finance agency Freddie Mac. It has surged, averaging 5.25% in the week ending May 19, as the Federal Reserve raises interest rates to cool domestic demand and lower
high inflation.Data last week showed sales of previously owned homes dropped to a two-year low in April, while single-family building permits were the lowest since last October. Single-family homebuilder confidence was near a two-year low in May.
America's real racists are afraid: Sebastian Gorka | The Gorka Reality Check
Sebastian Gorka keeps America's real racists in check, calling out their propaganda and their motives to sway people to their side and more - via Newsmax's T... Read more >>
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