If the challenge of scraping enough money to buy a home in the U.S. weren’t enough amid painfully high real estate prices, the cost of owning a home is also surging. The inflation-adjusted median monthly cost of homeownership in 2024 rose to $2,035, up neary 4% from $1,960 in 2023, according to new Census Bureau data….
Food prices on the rise – CBS News Watch CBS News The U.S. economy has a case of food-flation. Wholesale prices for fresh veggies soared by a record amount last month while grocery costs were up 2.2% compared to last year. Lisa Rozner reports on how consumers are dealing with rising costs. Source link
Stacy Esser, realtor and founder of the Stacy Esser Group in Tenafly, New Jersey, says it’s still a seller’s market, but believes a small shift that favors homebuyers is coming. “Maybe a house was taking one week to sell, and now we’re kind of hovering at three weeks,” Esser told CBS News. Part of the…
What to know as home prices show signs of cooling off – CBS News Watch CBS News For years, the U.S. housing market has boomed, pricing many out of their financial comfort zone and the market. Now, home prices are showing signs of cooling off. CBS News New York’s Ali Bauman has details for buyers…
The housing market is, much like the economy at large, a mercurial beast whose moves are impossible to predict with 100% accuracy. But, though we may not be able to say with certainty what will happen in the next few months, we can look at what’s happening right now to get some hints of what’s…
Hong Kong’s residential property market is poised for a recovery after enduring a seven-year downturn, according to Morgan Stanley. Home prices in the city are set to bottom out, driven by an influx of mainland Chinese buyers, improved capital markets and a recent plunge in interest rates, analysts led by Praveen Choudhary said in a…
New World Development Co.’s financial distress is creating angst just as Hong Kong is starting to regain its feet. The real estate developer’s systemic importance is of great concern to residents, policymakers and investors alike. Property fire sales at New World could drag down home prices further, while a potential default will impair banks’ loan…
Hong Kong is on the cusp of a big, beautiful bull run. But it’s in danger of being ruined. The financial center is finally getting back on its feet. The city is leading in global initial public offerings rankings this year. Its stock market is one of the world’s best performing. Meanwhile, rents have returned…
Kroger shoppers might be paying more at checkout than they bargained for. A new investigation found price tag errors at the supermarket giant’s stores leading to customers being overcharged on many items marked as discounted or on sale. Expired discount tags were found on everyday products ranging from Cheerios cereal to Nescafé instant coffee, according to…