The major county in America where home prices just dropped the most is …

The major county in America where home prices just dropped the most is …

Buyers may be starting to see home price drops in some areas. (Getty Images) Home buyers have watched as home prices marched upwards for the past few years, but now many of you will finally get some relief — at least in some spots. “Home price appreciation has slowed dramatically in most markets, and there … Read more

US will turn into a buyers’ housing marke in 2023, most experts say. Here’s where you’ll see the biggest declines.

US will turn into a buyers’ housing marke in 2023, most experts say.  Here’s where you’ll see the biggest declines.

Frustrated by the housing market? Housing experts say they’re expecting the market to tip back into buyers’ court by 2023, according to a new report. Mortgage rates are approaching 7%, but home prices are only slowly coming back down and inventory is still tight compared to pre-pandemic levels. Still, the US housing market will shift … Read more

US will turn into a buyers’ housing marke in 2023, most experts say. Here’s where you’ll see the biggest declines.

US will turn into a buyers’ housing marke in 2023, most experts say.  Here’s where you’ll see the biggest declines.

Frustrated by the housing market? Housing experts say they’re expecting the market to tip back into buyers’ court by 2023, according to a new report. Mortgage rates are approaching 7%, but home prices are only slowly coming back down and inventory is still tight compared to pre-pandemic levels. Still, the US housing market will shift … Read more

Why Are Companies Still Hiring When GDP Is Shrinking?

Why Are Companies Still Hiring When GDP Is Shrinking?

By Sarah Chaney Cambon Sept. 29, 2022 11:06 a.m. ET Listen to articles (2 minutes) A persistent economic puzzle is why labor is still so tight amid slowing growth, high inflation and growing fears of recession. Gross domestic product growth slipped into negative territory in the first half of the year. Borrowing costs have risen … Read more

Mortgage rates march toward 7%, reaching highest level since 2007

Mortgage rates march toward 7%, reaching highest level since 2007

The numbers: Mortgage rates continue to march toward 7%, putting pressure on people looking to buy a home. The 30-year fixed-rate mortgage averaged 6.7% as of Sept. 29, according to data released by Freddie Mac FMCC, -2.71% on Thursday. Mortgage rates are rising as the Federal Reserve pushes up key interest rates to fight the … Read more

Australian Job Vacancies Slip But Labor Market Still Tight

Australian Job Vacancies Slip But Labor Market Still Tight

By James Glynn SYDNEY–Australian job vacancies fell in the three months to August, but the labor market remains tight. There were 471,000 job vacancies in August, a decrease of 10,000 from May, according to new seasonally adjusted figures from the Australian Bureau of Statistics. Despite the slide, job vacancies remained elevated in historical terms and … Read more

Housing market stocks give up gains as another jump in bond yields takes shine off strong data

Housing market stocks give up gains as another jump in bond yields takes shine off strong data

Shares of companies in the real estate services and home building space backed way off their intraday highs on Tuesday, as another arises in Treasury yields to a more-than-decade high took the early shine off surprisingly strong economic data. Despite a growing consensus that the housing market is in recession, the US Commerce Department reported … Read more

Moshe Safdie-inspired downtown development offers a garden for all in Toronto

Moshe Safdie-inspired downtown development offers a garden for all in Toronto

The King Toronto development will be a 600,000-square-foot, mixed-use project taking up a block of former industrial land.Supplied A new project in Toronto aims to break the city’s monotony of steel and concrete with shimmering mountains of terraced gardens and glass. Its designers believe it will be fit for a King – as in King … Read more

NYC locals flu as Mayor Eric Adams’ migrant tent city gets built

NYC locals flu as Mayor Eric Adams’ migrant tent city gets built

The first of Mayor Eric Adams’ tent cities for migrants was under construction in The Bronx on Monday, with workers “getting stuff done” to lay out the welcome mat in the parking lot at Orchard Beach. About 30 hardhats were drilling holes in the pavement and erecting poles and beams for what officials have said … Read more