Updated at 9:41 am EST Home Depot (HD) shares edged higher Friday after the home improvement retailer unveiled a new $15 billion share buyback program, held its dividend in place and named new CEO T...
Tag: housing market
Home Depot Blasts Q2 Profit Forecasts Amid Home Improvement Surge
Updated at 6:25 am EST Home Depot (HD) posted better-than-expected second quarter earnings Tuesday, while reiterating its full-year profit forecast, as the retailer saw an unexpected surge in home i...
Pending Home Sales Plunge In June As Demand Is Weighed Down By Surging Mortgage Rates
Topline Pending home sales—a leading indicator for housing market activity—plunged by a more than expected 20% in June compared to a year ago, according to new data from the National Association of Re...
Dow Rebounds 500 Points, Analysts ‘Cautiously Optimistic’ After More Solid Earnings
Topline The stock market surged Tuesday, recouping losses from the previous session, as investors cheered another round of solid quarterly earnings results from corporate America despite inflationary ...
Housing Market: Mountain of Woes Just Keeps Rising
The housing market is not a pretty thing right now. Soaring prices and mortgage rates have made homes unaffordable for many buyers, and sales are falling as a result. Here’s the latest piece of bad n...
Stocks Are In A Bear Market, Is A Housing Crash To Follow?
Getty Images Key takeaways Data from the National Association of Realtors shows that home prices are up 37% since March 2020 Meanwhile, total home sales are down 8.6% year-over-year and 3.4% month-ove...
Home Prices Finally Cooling Off? Market Slows In April But Demand Remains High Despite Rising Mortgage Rates
Topline Home prices, which have been shooting up since last year, grew at a slower pace in April, showing signs of a potential cool down in the red-hot housing market, according to new data from S&...
Pending Home Sales See Surprise Rebound In May, But Experts Warn Housing Market Is ‘Undergoing A Transition’
Topline A leading indicator for housing market activity—pending home sales—unexpectedly jumped in May and reversed six straight months of declines, according to new data from the National Association ...
Mortgage Rates Surge The Most In 35 Years As Fed Hits Home Buyers
U.S. mortgage rates surged the most in more than 36 years this week, data from Freddie Mac indicated Thursday, as house buying costs continue to track the Federal Reserve’s interest rate path am...
Housing Market Could ‘Torpedo’ U.S. Economy, Expert Warns
Topline Mortgage rates have surged higher this week as markets digest more aggressive interest-rate hikes from the Federal Reserve, and with the average 30-year fixed mortgage rate hitting its highest...
Compass, Redfin Shed Workers Amid Bleak Housing Market
Topline The real estate brokerages Compass and Redfin announced large layoffs Tuesday as housing demand plummets, causing their shares to tumble. Pictured is a house listed for sale with a Compass sig...
Mortgage Demand Plunges To 22-Year Low As ‘Worsening’ Affordability Deters Buyers—But Here’s Why Prices Will Still Rise
Topline Mortgage rates plummeted last week in the latest sign rising interest rates have started to temper demand in the booming housing market, but experts note plunging demand won’t quickly pu...
Housing Market Faces a World of Pain
Several ominous signs face the housing market. First, the average 30-year fixed-rate mortgage soared to a three-year high of 4.67% in the week ended March 31, according to housing agency Freddie Mac. ...