The housing market showed signs of improvement in July 2024, with closed sales of previously owned homes increasing by 1.3% compared to the previous month. This was the first gain in five months, indicating a potential turnaround in the market. However, despite this uptick, sales were 2.5% lower than the same period last year, highlighting
Real Estate
The concept of homeownership has long been synonymous with the American Dream, representing stability, wealth accumulation, and community investment. However, for many Americans, particularly younger generations and first-time homebuyers, this dream is becoming increasingly out of reach. Factors such as rising home prices, stagnant wages, and stringent mortgage requirements have created significant barriers to entry
Recently, the Bank of England made its first interest rate cut in four years, which had a significant impact on the mortgage rates offered by some of the biggest high street lenders in the UK. This move has sparked a boom in homebuyer activity and is changing the landscape of the housing market. Following the
Lowe’s, the home improvement retailer, recently reported earnings that beat expectations but fell short on revenues. Additionally, the company lowered its full-year outlook, causing some concern among investors. Despite an initial uptick in share price, Lowe’s eventually turned negative. Jim Cramer pointed out that the stock’s performance may be influenced by market sentiment ahead of
Affordable housing has long been a topic of discussion in the United States, especially when it comes to economic growth and opportunity. Vice President Kamala Harris recently outlined a plan that focuses on making owning and renting homes more affordable in the country. Harris emphasized the need to increase the supply of housing units by