Real Estate

In July, closed sales of previously owned homes rose by 1.3% compared to the previous month. Although this marked the first gain in five months, sales were still 2.5% lower than the same time last year. The Northeast saw the biggest gains in sales, with the Midwest staying relatively flat. Prices also increased the most
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Homeownership has long been viewed as a symbol of stability, wealth creation, and community investment in the United States. However, the dream of owning a home is becoming increasingly unattainable for many Americans, especially younger generations and first-time buyers. Factors such as rising home prices, stagnant wages, and strict mortgage terms have created barriers to
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While Jim Cramer’s analysis of Lowe’s acknowledged the company’s beat on earnings, he failed to address the concerning miss on revenues and the cut in full-year outlook. Cramer’s belief that the stock’s performance is tied to the Federal Reserve and the Jackson Hole meeting overlooks the company-specific issues that could be impacting Lowe’s stock price.
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Homeowners across the United States are currently sitting on $17 trillion in equity, as reported by CoreLogic. This means that the average homeowner gained $28,000 in equity compared to the previous year. According to Greg McBride, chief financial analyst at Bankrate, home equity is not like bread – it won’t go stale if it just
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