The U.S. housing market is “making steady progress toward balance,” said Re/Max President and CEO Nick Bailey, as September’s slump in home sales led to a rebound in inventory.
With soaring mortgage rates and the median sales price of $400K up 6.7% from a year earlier, home sales fell 9.7% from August across 53 metro areas surveyed by Re/Max.
On Tuesday, all four major U.S. benchmark stock indexes fell as real estate data showed home sales dropped by 0.7% last month and Russian President Vladimir Putin suspended the nuclear arms control treaty with the […]
Starwood Capital CEO Barry Sternlicht doesn’t hold back on his Federal Reserve criticism: On multiple occasions he’s told CNBC anchors that the central bank’s aggressive interest rate hikes could soon spur a deep recession. It’s easy to see […]
Source: The Conversation — On the lower tip of Manhattan there is a prime piece of real estate, the price of which is somewhat up for debate. To the owners, the Trump Organization, 40 Wall […]
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