Latest New residential sales News

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...

This Week: Powell testimony, FedEx results, May home sales

Jun. 20, 2022 00:19 AM EDT

A look at some of the key business events and economic indicators upcoming this week: Powell testimony Federal Reserve Chair Jerome Powell will testify before Congress on Wednesday and Thursday to give his regular, semi-annual updates on monetary policy. The Fed has...

This Week: New home sales, Fed minutes, Macy’s results

May. 23, 2022 00:11 AM EDT

A look at some of the key business events and economic indicators upcoming this week: HOUSING MARKET BAROMETER The Commerce Department issues its April tally of new U.S. home sales Tuesday. Economists forecast that sales slowed again last month to a...