August

These 4 Major US Housing Markets Had the Biggest Declines in August - and 3 of Them Are from the Same State

These 4 Major US Housing Markets Had the Biggest Declines in August – and 3 of Them Are from the Same State

These 4 Major US Housing Markets Had the Biggest Declines in August – and 3 of Them Are from the Same State Some of the country’s hottest housing markets are starting to cool, falling by the biggest month-to-month amount in more than a decade, and a lack of affordability is likely to blame. Home values …

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Existing home sales fall in August to lowest level since 2020

Existing home sales fall in August to lowest level since 2020

The Wall Street Journal’s chief economics correspondent Nick Timiraos discussed the strategy surrounding the Fed’s supposed decision to fight inflation by potentially raising interest rates another 75 basis points ahead of their announcement on Wednesday. Existing home sales in the United States slowed for the seventh consecutive month in August, rising mortgage ratessoaring inflation and …

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How much will your Social Security benefits increase in 2023 based on current inflation?

How much will your Social Security benefits increase in 2023 based on current inflation?

(Bram Berkowitz) New August inflation data sent the market lower earlier this week, with the Dow Jones Industrial Average giving up an astonishing 1,250 points on Tuesday as inflation was higher than expected last month. Inflation data doesn’t just impact markets; it also plays an important role in determining the increase in Social Security benefits …

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Today's mortgage and refinance rates: September 17, 2022 |  Rate up a full percentage point from August

Today’s mortgage and refinance rates: September 17, 2022 | Rate up a full percentage point from August

Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. The average 30-year fixed mortgage rate topped 6% this week — the …

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Housing markets downgrade sharply in Colorado's most populous counties in August

Housing markets downgrade sharply in Colorado’s most populous counties in August

Housing markets across the state slowed sharply in August, but some held up better than others in the face of rising interest rates and reduced buyer demand, according to an analysis of the numbers provided by the Colorado Association of Realtors. The Denver Post looked at August single-family home sales in Colorado’s 12 most populous …

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Dow down 1,300 points as losses accelerate after August CPI reading

Dow down 1,300 points as losses accelerate after August CPI reading

The Dow Jones Industrial Average fell more than 1,300 points in the last hour of trading on Tuesday as losses accelerated on tech stocks as bond yields soared, leaving all three stock indices on track for their worst session since at least June after an unexpected rise in August. consumer price inflation. What is happening …

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US inflation rebounds in August, CPI shows, despite falling gasoline prices

US inflation rebounds in August, CPI shows, despite falling gasoline prices

Numbers: Lower gasoline prices generated a second straight decline in inflation in the United States, with the consumer price index only rising 0.1% in August. But the report also showed that inflation has spread more widely through the economy and should prompt the Federal Reserve to raise interest rates sharply again. Economists polled by the …

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Inflation persists as prices rose further in August compared to July

Inflation persists as prices rose further in August compared to July

Consumer prices in August climbed 0.1 percent from the previous month, despite lower gas and energy costs. A number of economists had hoped Tuesday’s release would show inflation finally slowing, but a new government report shows price increases remain stubbornly high. Data released Tuesday by the Bureau of Labor Statistics showed August prices were up …

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