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US existing home sales fell in the final month of 2023, ending a tough year for real estate as full-year sales hit the lowest level since 1995, said industry data
US existing home sales fell in the final month of 2023, ending a tough year for real estate as full-year sales hit the lowest level since 1995, said industry data released Friday. While home prices tend to be higher in the summer months, "this is the highest December median home price ever," Yun said on Friday.
Wage growth remaining above 4% adds to concern that inflation in labour-intensive services industries may be hard to quell
The U.S. economy ended last year with the labor scars from the COVID-19 pandemic effectively healed and a quandary for Federal Reserve policymakers so far waiting in vain for wage and job growth...
“This idea that what's good for Main Street is bad for Wall Street is not really correct,” the chair of the Council of Economic Advisers told Fortune.