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Business Rundown: Homebuyers Hit An Affordability Wall

The National Association of Realtors reported existing home sales fell 1.9 percent in April. Where's the problem? Some experts say supply--not enough houses are being built or listed. Others say mortgage rates, and most Americans say they can't buy a house without a home loan. Fox Business correspon
United States Mark Hamrick Gerri Willis Federal Reserve Washington Bureau National Association Of Realtors

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Business News - 1540 WADK Newport

Catherine Falls Commercial/Getty Images(NEW YORK) -- A worse-than-expected jobs report on Friday offered the latest evidence of an economic slowdown that could help ease inflation and trigger interest rate cuts. The trend, however, threatens to downshift the nationโ€™s brisk economic growth.Employers hired 175,000 workers last month, falling short of economist expectations of 240,000 jobs, U.S. Bureau of Labor Statistics data showed. The unemployment rate ticked up to 3.9%, which remains near a ...
Mark Hamrick Seema Shah Mark Zandi Federal Reserve Us Bureau Of Labor Statistics Us Commerce Department
Source: wadk.com

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