Sales of existing homes rose 24.7% in July compared to June, according to the National Association of Realtors. These numbers represent closed sales, which means contracts signed May and June. This is the strongest monthly profit in the history of the survey, back to 1968, and the highest selling point …
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The eurozone’s economic recovery from its deepest decline on record has stumbled this month, particularly in services, as rising demand disappeared last month due to lowering coronavirus lockdowns, a survey showed on Friday . To contain the spread of the virus, which has infected more than 22.5 million people worldwide, …
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The number of people filing for unemployment benefits last week was higher than expected, raising concerns about the state of the economy as lawmakers struggle to move forward on a new coronavirus incentive package. The Department of Labor said initial unemployment claims for the week ending August 15 came to …
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The Federal Open Market Commission raised concerns at its recent meeting on the future of the economy, saying the coronavirus is likely to continue to stunt growth and pose potential dangers to the financial system. At the July 28-29 session, the Federal Reserve’s policy-making arm voted to keep short-term interest …
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Realtors leave home for sale during a realtors open house in San Francisco, California. Justin Sullivan | Getty Images A sudden reversal of record low interest rates last week led to a pullback in the demand for mortgage refinancing. That dropped the total volume of mortgage applications 3.3% from the …
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