Latest Home sales News

EXPLAINER: How do we know when a recession has begun?

Aug. 05, 2022 14:54 PM EDT

WASHINGTON (AP) — Whether the U.S. economy is heading for a recession got more difficult to answer Friday, when a report showed employers hired hundreds of thousands more workers last month than expected. The stunning strength made clear that a linchpin of the economy remains...

EXPLAINER: How do we know when a recession has begun?

Jul. 28, 2022 12:35 PM EDT

WASHINGTON (AP) — The U.S. economy has contracted for two straight quarters, intensifying fears that the nation is on the cusp of a recession — if not already in one — barely two years after the pandemic recession officially ended. Six months of contraction is a long-held...

Yellen downplays US recession risk as economic reports loom

Jul. 24, 2022 17:42 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen on Sunday said the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession. Yellen spoke on NBC's “Meet the Press” just before a slew of economic reports will be released this week that...

Housing market chills as mortgage rates, prices scare buyers

Jul. 21, 2022 12:02 PM EDT

NEW YORK (AP) — Kyle Tomcak was looking for a home for his in-laws in the suburbs around Denver, something priced close to $450,000. Tomcak became dispirited as he lost out to investors fronting cash offers $100,000 over the asking price. Then mortgage rates ballooned, putting his...

US home sales fell in June as prices reach new heights

Jul. 20, 2022 11:07 AM EDT

Sales of previously occupied U.S. homes slowed for the fifth consecutive month in June as higher mortgage rates and rising prices kept many home hunters on the sidelines. Existing home sales fell 5.4% last month from May to a seasonally adjusted annual rate of 5.12 million, the...

This Week: Netflix earns, US home sales, AmEx earns

Jul. 18, 2022 03:16 AM EDT

A look at some of the key business events and economic indicators upcoming this week: MORE SUBSCRIBER WOES? Netflix serves up its second-quarter results Tuesday. Wall Street expects the pioneering streaming service will report that its earnings declined...

A robust June jobs report clouds outlook for US economy

Jul. 08, 2022 19:02 PM EDT

WASHINGTON (AP) — A strong hiring report for June has assuaged fears that the U.S. economy might be on the cusp of a recession — and highlighted the resilience of the nation's job market. Yet the figures the government released Friday also spotlighted the sharp divide between the...

Editorial Roundup: Tennessee

Jul. 07, 2022 16:13 PM EDT

Johnson City Press. July 6, 2022. Editorial: Our teachers aren’t dumb, and neither are we After Bill Lee’s education adviser’s thoughts about teachers were revealed, we think he should stay on the campus of his private Michigan college and keep his nose out of...

RH cuts outlook weeks after previous guidance, shares slide

Jun. 30, 2022 09:33 AM EDT

Shares of RH tumbled 9% at the opening bell Thursday after the luxury furniture store chain cut its sales expectations just weeks after issuing guidance to its investors, blaming worsening macro-economic conditions and rising mortgage rates. After predicting earlier this month that...

Bed Bath & Beyond CEO ousted after another dour quarter

Jun. 29, 2022 17:41 PM EDT

Bed Bath & Beyond's CEO was ousted Wednesday as the home goods retailer struggles to figure out what people want to buy. Board member Sue Gove will take over as interim CEO, the company said Wednesday, replacing Mark Tritton. Bed Bath & Beyond hired Tritton in late 2019....