Home sales dampened by severe winter weather, Redfin says

A “For Sale” sign stands outside a home following a snow fall in Geneseo, Illinois, U.S., on Monday, Jan. 20, 2020. The National Association Of Realtors is scheduled to release Existing Homes Sales figures on January 22. Photographer: Bloomberg | Bloomberg | Getty Images Severe winter weather is hindering home sales across the country, according … Read more

December home sales slump to close out worst year since 1995

A delivery man delivers packages in a Los Angeles neighborhood on January 17, 2024.  Frederic J. Brown | AFP | Getty Images Sales of previously owned homes fell 1% in December compared with November to 3.78 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales were 6.2% lower than … Read more

Income, Consumption, Manufacturing and Trade Industry Sales and the Measured Business Cycle

Income and consumption m/m growth at consensus. Here’s the picture of some key indicators followed by the NBER Business Cycle Dating Committee, plus monthly GDP and GDPNow. Figure 1: Nonfarm Payroll employment incorporating preliminary benchmark (bold dark blue), civilian employment (orange), industrial production (red), personal income excluding transfers in Ch.2017$ (bold green), manufacturing and trade … Read more

November pending home sales unchanged, despite lower mortgage rates

Pending home sales in November were unchanged compared with October and 5.2% lower than November of last year, according to the National Association of Realtors. The reading, which is based on signed contracts during the month, is a forward-looking indicator of closed sales as well as the most current look at what potential homebuyers are … Read more

Record deals and tax-avoidance maneuvers: Southern California’s priciest sales of 2023

Southern California’s luxury real estate market never sleeps. But this past year, it collectively caught its breath. Luxury sales slowed down in 2023 — a combination of soaring interest rates, a newly introduced “mansion tax” and an inevitable drop-off from a pandemic market when megamansions flipped like hotcakes. In 2022, there were 17 home sales … Read more

Cricket players’ home sales: Ricky Ponting leads the way in multimillion-dollar property moves around Melbourne in 2023

Simon O’Donnell, Ricky Ponting and Wasim Akram made property moves this year around Victoria. A raft of Australia’s cricketing greats both past and present have hit their Melbourne properties for six in 2023. Among the big-hitters playing the property game this year was cricket legend Ricky Ponting, who splashed an eight-figure sum on a lavish … Read more

You Can Still Save On Christmas Gifts: Christmas Eve Sales Can Save You Up to 90% Off- Here’s How

The holiday season is often hectic, and it’s easy to accidentally overlook the need to buy a gift for a loved one or friend. Plus, last-minute invites to gift-giving celebrations can happen, and if you don’t have a stash of gifts at the ready, you may need to purchase something right before Christmas. Fortunately, even … Read more